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MetLife, Norges Bank Pay Whopping US$2,000 per Square Foot for Greater Boston Office Building

Toronto-Based Oxford Properties Sells 1 Memorial Drive in Cambridge for US$825.1 Million

Tech tenants Microsoft and InterSystems lease 100% of 1 Memorial Drive in Cambidge, Massachusetts, which just sold for a record price. (Oxford Properties Group)
Tech tenants Microsoft and InterSystems lease 100% of 1 Memorial Drive in Cambidge, Massachusetts, which just sold for a record price. (Oxford Properties Group)

A Cambridge, Massachusetts, office tower whose tenants include Microsoft has sold for 825.1 million U.S. dollars, a price tag that sets a record benchmark for offices in the Boston region, according to the sellers, a joint venture of Toronto-based Oxford Properties and J.P. Morgan Global Alternatives.

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