Asset: Lab/Flex
Location: Cambridge, MA
SF: 160,000 SF
Acquisition date: October 2026
Investment Rational: 101 Smith Place is a 160,000 SF Class A life science building delivered in 2024, located in West Cambridge, adjacent to the Alewife innovation ecosystem.
We are acquiring the property from the lender for $52 million ($322 PSF), representing a 78% discount to the $239 million originally invested by Davis and Invesco.
Currently to Samsung Labs through 2034, the property offers significant value creation potential through the lease-up of approximately 49,000 SF of lab-ready space and 99,000 SF of shell space already equipped to support laboratory use.