Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Boston & New England  + Metro Boston  + Industrial  | 

JV Buys Waltham, Cambridge Life Sciences Buildings for $365M  

Alloy Properties and Anchor Line Partners have formed a joint venture to acquire five life sciences buildings in Waltham and Cambridge from Alexandria Real Estate Equities for a total of $365 million. The properties include 225, 266, and 275 Second Ave. in Waltham, as well as 780 and 790 Memorial Drive in Cambridgeport, reported by Boston Business Journal.  

The Waltham properties were purchased for $266 million, while the two Cambridge sites were acquired for $99 million. The combined space of the five buildings amounts to approximately 425,000 square feet. Alloy, the life sciences real estate investment platform of TPG Inc., now expands its Greater Boston footprint to 1.8 million square feet and gains entry into Cambridge.  

The joint venture aims to integrate the acquired properties and their tenants into the Alloy Properties national network. Alexandria plans to sell approximately $1.5 billion worth of assets as part of its capital plan for the year. 


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action