Alony Hetz Properties & Investments Ltd. (TASE:ALHE) and Oxford Properties Group, Inc. signed a binding agreement to acquire Boston office building in East Cambridge for $190 million on December 11, 2016. Alony Hetz and Oxford Properties Group have already made a $15 million deposit. Alony Hetz will hold a 55% of the property, with the rest held by Oxford Properties Group, Inc. Alony Hetz and Oxford Properties intend to finance about 50% of the value of the property using a loan from a US financial entity Alony Hetz will provide its share of equity required to buy the property, $50-$60 million from its own sources. The deal is contingent on conditions precedent and expected to close the deal by mid-February 2017. Alony Hetz Properties & Investments Ltd. (TASE:ALHE) and Oxford Properties Group, Inc. completed the acquisition of Boston office building in East Cambridge on February 8, 2017. Robert Griffin, Edward Maher, Matthew Pullen and James Tribble of NGKF Capital Markets acted as brokers for Jamestown.