July 8, 2020
Life sciences real estate development company IQHQ Inc. has acquired Alewife Park, a 290,000-square-foot office and laboratory campus in Cambridge. The sales price and seller was not disclosed.
The 26-acre site currently serves as GCP’s corporate headquarters and is adjacent to the MBTA Red Line’s Alewife Station. The acquisition of Alewife Park expands IQHQ’s portfolio in Greater Boston to nearly 1 million square feet, including 109 Brookline Avenue, a 285,000 square-foot lab and office building near the Longwood Medical Area and the Fenway Center project, a new development that will include lab, office, and ground level retail space. IQHQ also recently acquired Innovation Park, a 200,000 square foot campus in Andover.
“Cambridge serves as home to some of the most elite biopharmaceutical and biotechnology companies in the world, and continues to be a coveted location for life science and technology companies due to its strong intellectual infrastructure, anchored by prestigious institutions such as MIT and Harvard,” said Tracy Murphy, president at IQHQ. “We are excited about the acquisition of Alewife Park and to be able to provide tenants with a premier scalable office and laboratory campus in a renowned center for innovation.”
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