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Case study

Investing in tomorrow's world: 225 Binney Street

Abigail Dean
Head of Sustainability, Real Estate
225 Binney Street, Massachusetts

We believe 225 Binney Street is a great example of our commitment to investing in real estate assets for tomorrow’s world.

We are focused on investment strategies and opportunities which safeguard and enhance value for our clients, whilst making a lasting and positive difference in the cities of tomorrow.

We acquired a 75% stake of 225 Binney Street located in Cambridge, Massachusetts, US, in 2015, from Alexandria Real Estate Equities, the largest office REIT solely focused on science and technology campuses. The investment represented our first entry into this exciting and growing arena.

Cambridge is home to a dynamic biotech industry within Boston’s innovation hub. The exposure to this sub-sector allows diversification beyond traditional office properties that cater to more typical office tenants in technology, finance, law or media industries.

The 305,000 sq ft (28,000 sq m) property is comprised of a six-storey, Class-A office building, and two renovated, historic brick-and-beam buildings. The building has achieved LEED Gold certification, in recognition of its efficient and environmentally-friendly construction and operation. The property is 100% net-leased through 2028 to Biogen, a multi-national bio-technology company specialising in the development of new drug therapies.

Please find above an example of how Nuveen Real Estate evaluates properties. All information shown is historical and represents the views of Nuveen Real Estate. It is provided for informational purposes only and should not be deemed as a recommendation to buy or sell any property or asset. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients. Real estate investments are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, currency movement risks and potential environmental problems and liability. Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. Nuveen Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services.