BioMed Sells Kendall Square Office for $15.1M

BioMed Realty sold a 64,812-square-foot office building at 210 Broadway to Bulfinch Companies.

Updated on Nov. 3, 2026 in Commercial

Street-level view of a mid-rise brick-and-glass office building facade under overcast sky, with a single reflective glass panel beside a brick column. — BioMed Realty sold its 64,812-square-foot Kendall Square office building at 210 Broadway to Bulfinch Companies for $15.1 million, ending a 14-year ownership. AI Illustration. Upload story photo >

BioMed Realty sold its Kendall Square office building at 210 Broadway in Cambridge to Bulfinch Companies for $15.1 million. The sale ends a 14-year ownership period that began when BioMed acquired the property in 2012.

Why it matters

The sale price works out to $233 per square foot and comes after BioMed invested in common-area upgrades and secured new tenants at the building. It reflects the pricing environment for office property in Cambridge as citywide office vacancy has climbed.

The $15.1 million sale is below the $23.5 million BioMed paid in 2012 and the city's $27 million assessment. The building still has two availabilities ranging from 3,181 to 18,781 square feet, and the source does not say how the new owner plans to fill them.

The players

BioMed Realty

BioMed Realty is a San Diego-based real estate investment trust focused on life science and office properties, and it was the seller of the Kendall Square building.

Bulfinch Companies

Bulfinch Companies is a Boston-based real estate firm that purchased the 210 Broadway office building.

Arrowstreet

Arrowstreet is an architecture firm that BioMed hired to upgrade the building's common areas after its 2012 acquisition.

The details

The 1999-built office building sits in Cambridge's Kendall Square. After acquiring it, BioMed hired architects Arrowstreet to upgrade the common areas and signed leases with Canon USA, Algeta US, Smartleaf Inc., Luminoso and Adharmonics.

1999: The office building was completed.
2012: BioMed acquired the building for $23.5 million.
Third quarter 2026: Three leases totaling 126,000 square feet by Blitzy, Anthropic and Walden Robotics boosted the East Cambridge office market.

Market Landscape

Cambridge's citywide office vacancy reached 23.2 percent at the end of the third quarter, and total office availability sits at 27.2 percent, up 1.2 percent since the end of 2025. The 210 Broadway sale and the 126,000 square feet of East Cambridge leases signed in the same quarter show that demand is concentrated in specific buildings even as the broader market loosens.

For property owners and brokers in Cambridge, the sale price and the building's remaining availabilities set a reference point for pricing commercial space in Kendall Square. Tenants looking for 3,181 to 18,781 square feet in the area now have a sense of how much space is available from a building that has just changed hands.

The takeaway

Office sales in Cambridge are closing at prices below recent acquisition costs even as strong leases still get signed, so buyers and sellers are pricing individual buildings more carefully than the market average suggests.