Equity Commonwealth has sold 109 Brookline Ave. in Boston for $270 million to IQHQ (formerly Creative Science Properties).Â
The 285,000-square-foot office, medical and laboratory asset is presently 99 percent leased to Beth Israel Deaconess Medical Center, Dana-Farber Cancer Institute and Boston Children’s Hospital — all of which operate flagship hospitals in the adjacent Longwood Medical and Academic Area (LMA) — as well as Toast, a fast-growing technology startup.
“Offered for the first time in 25 years, 109 Brookline features an exceptional combination of tenancy, location and upside within one of the United States’ top investment markets,” said Edward Maher, vice chairman of Newmark Knight Frank’s Boston capital markets group, which represented the seller. “The asset is anchored by three Harvard Medical School–affiliated institutions, located along the G
