Morgan Stanley Claims Stake in Boston Lab Asset from Carlyle for $240M
Morgan Stanley Real Estate Advisors acquired a pair of laboratory buildings near Boston from Washington, D.C.-based The Carlyle Group for $240 million. The buildings are located at 828 and 830 Winter St. in Waltham, MA.
Carlyle held a stake in the property with King Street Properties, since acquiring the 182,000-square-foot 830 Winter St. building in 2015. The 2001-era property sits on a 16-acre site off Route 128. Long known as a top-rated laboratory option, 830 Winter St. is occupied by such credit tenants as GlaxoSmithKline, Histogenics and Immunogen.
A second 145,000-square-foot building at 828 Winter St. was subsequently built this year, creating the largest multi-tenanted life sciences cluster outside of Cambridge.
King Street will retain an undisclosed stake in the property. JLL Capital Markets reportedly handled the transaction.
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.
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