Newmark Finalizes $476 Million Recap of Cambridge Office Complex
Newmark has finalized $476-million recapitalization of 225 Binney Street, a 305,212-square-foot office complex in Cambridge, MA.
Newmark procured a global institutional investor for the partial interest transaction and provided financial analysis support.
225 Binney Street serves as the global corporate headquarters of Biogen, a neuroscience pioneer and the oldest independent biotechnology company in the world. Home to all of Biogen’s executive offices, the asset is an integral component of the firm’s expansive Cambridge campus.
“225 Binney Street benefits from prime positioning in Kendall Square/East Cambridge, the life science epicenter of the world,” said Newmark vice chairman Edward Maher. “The asset is surrounded by leading companies across the technology and biotechnology sectors, moments from the MIT campus and walkable to public transit.”
Situated within a 10-minute walk of the MBTA Red Line’s Kendall/MIT subway station, 225 Binney Street benefits from seamless access to key destinations throughout the rest of Cambridge and downtown Boston.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.