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Clarion Partners Acquires Kendall Square Lab/Office Property for $311 Million

Life Science Property Sells for 62% Premium to Purchase Price Less than Three Years Ago
CoStar News
October 4, 2016 | 12:13 P.M.

Clarion Partners has acquired 245 First Street, a 305,000-square-foot office and life science complex in East Cambridge, MA, from an affiliate of Atlanta-based Jamestown Properties LP for $311.25 million, or $1,020 per square foot.

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