Clarion Partners Trades Cambridge Office Campus for $180M

Newmark arranged the $180-million sale of the Cambridge Highlands Campus, a four-building office/R&D campus in Cambridge, MA, that serves as the long-term headquarters of Raytheon BBN Technologies. The buyer was reported as Healthpeak Properties, which also owns the nearby Alewife Research Center. 

A Boston-based Newmark team of co-head of U.S. capital markets Robert Griffin, vice chairman Edward Maher, executive managing directors Matthew Pullen and Michael Byrne and managing directors Samantha Hallowell and Thomas Greeley represented the seller, Clarion Partners, and procured the buyer. 

Totaling approximately 9.7 acres of land in West Cambridge/Alewife, the Cambridge Highlands Campus features 228,592 square feet of office/R&D space. The anchor tenant is a division of aerospace and defense giant Raytheon Technologies. 

“The Cambridge Highlands Campus benefits from mission-critical, in-place use by an investment-grade, credit-rated tenant,” said Pullen. “It further enjoys strategic positioning within a rapidly-expanding, institutional-quality neighborhood that is undergoing substantial laboratory and residential development.”