### King Street Acquires Life Science Property in East Cambridge
Newmark has facilitated the sale of 359 Allston Street, a life science property located in the East Cambridge submarket of Cambridge, MA. The transaction was handled by a team including Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, and William Sleeper, along with Joseph Alvarado and Casey Valente. The seller remains undisclosed, while the buyer, King Street Properties, has been identified.
“359 Allston St. is occupied by a well-funded, fast-growing biotechnology tenant,” said Sleeper. “The asset is set on a quarter-acre lot with a highly efficient floor plate and exclusive outdoor spaces that make it an ideal Cambridge flagship for a tenant of this size.”
The property underwent a complete renovation in 2022 and is fully leased to Vaxess Technologies, which operates its headquarters at the site.
“Acquiring 359 Allston St. was a strategic decision that aligns with our long-term vision, and we appreciate Newmark’s assistance with the transaction,” said Tyson Reynoso, Managing Director and Partner at King Street. “This building offers dynamic space for early-stage companies in East Cambridge, the premier life science location in the country.”
