Mark Winters, Jay Driscoll and David Townsend of Cushman & Wakefield represented Weidlinger, while Curtis Cole, vice president/partner and Charles Kavoogian, vice president, both of CB Richard Ellis, represented the property owner, which is an affiliate of the Davis Cos. Built in 1989, the eight-story, class A, red brick building is located at the intersection of Broadway, Hampshire and Portland Streets in Kendall Square. The property features a granite and glass lobby and indoor garage parking.
Davis Cos. recently signed two new leases in the building. SupplyScape, represented by Ryan Weber, formerly of Richards Barry Joyce & Partners, leased 3,815 sf and Sonos, represented by Tucker Hansen of Meredith & Grew, leased 5,944 sf. Amy Klein, senior vice president of the Davis Cos., points out that the deals are happening "in spite of challenging market conditions."
According to Trammell Crow Co.'s most recent statistics, the overall availability rate in the Cambridge office market is at 27%. Lease rates for these deals were not available, but class A office space in Cambridge goes for an average of $29 per sf.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.