PROPERTIES BUYS 65,000 SF AT 1035 CAMBRIDGE STREET CAMBRIDGE,
SF Available for Lease
England Real Estate Journal
Properties, Inc. recently announced the purchase of 9 office
condominium units totaling 65,000 square feet at 1035 Cambridge
Street, Cambridge, MA from Cambridge Business Center, LLC for
Grill, President of Fairlane Properties, Inc. will lead the
newly-formed Fairlane Columbia, LLC.
Cambridge Street, formerly known as 432 Columbia Street,
is located a few blocks from Inman Square in Cambridge and
Union Square in Somerville. In
total, 1035 Cambridge Street contains approximately 120,000 square
feet of office space. A new front parking lot providing
access and frontage to Cambridge Street was recently completed.
Grill stated: “Just like our 2007 acquisition of Chapel
Business Center in Newton, this property is a hidden gem that
we would like to reintroduce to the brokerage and tenant communities.
With 30,000 square feet of office space available for lease at
1035 Cambridge Street, the property is perfect for not-for-profits,
technology companies and other professional office tenants looking
for rental pricing in the high-teens and low-twenties with a
Cambridge address. A new conference center is planned for all
Fairlane Columbia tenants to add to the attractiveness of the
property with its spacious lobby and two-story atrium."
MBTA bus lines converge at the intersection of Cambridge and
Columbia Street providing access to MIT, Kendall Square, Lechmere
Station and Harvard Square. One car per 1,000 square foot
parking on-site and neighborhood garages and parking lots provide
a variety of parking opportunities for the property. Restaurants
within blocks of 1035 Cambridge Street include the S&S Deli,
East Coast Grill and numerous ethnic eateries.
and Hillary Brown of Fairlane Properties will exclusively represent
Fairlane Columbia, LLC for the 30,000 square feet of available
office space. Other unit owners and tenants at 1035 Cambridge
Street include technology, architecture, real estate, and accounting
provided financing for the purchase. Fairlane Properties has
retained Lincoln Property Company as property manager. Gregory
Larsen of NAI Hunneman represented the seller and buyer
in the transaction.