Boston & New England + Metro Boston + Office | June 1, 2019

Harrison Street Acquires Cambridge’s Osborn Triangle

Chicago-based Harrison Street acquired Osborn Triangle in Cambridge, MA from a subsidiary of the Massachusetts Institute of Technology reportedly for $1.1 billion. The state-of-the-art, multi-tenant office and laboratory complex is located in East Cambridge/Kendall Square near some of the world’s top educational and research institutions.

Harrison Street partnered with Boston-based Bulfinch Companies, Inc., and a subsidiary of MIT, which retained a partial interest in the property. MIT will retain long-term ownership of the land.

Osborn Triangle is directly adjacent to MIT’s campus and encompasses three buildings – 610 Main St. North, 1 Portland St. and 700 Main St. – with 676,917 square feet and an associated 650-space parking garage. Each building has been either recently renovated or built. The complex is fully-leased to seven tenants and includes three anchor tenants: Pfizer, Inc., Novartis International AG, and LabCentral.

NKF’s Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell oversaw the recapitalization deal, in conjunction with NKF’s Mark Winters and David Townsend.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.