Skanska Flips Kendall Square Building for $95M

Source:  Business Journals

One year after Skanska USA Commercial Development built a 123,000-square-foot building in Cambridge’s Kendall Square, the developer has sold the property to Alexandria Real Estate Equities for $94.5 million. The three-story glass building at 150 Second St. is a Class A, LEED Platinum lab and office building in one of the world’s largest biotechnology and life science clusters. It boasts large windows and an open floor plan which reduces the need for artificial lighting systems, ...

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