The space, which will be shared by Hunt Alternatives LLC and Hunt Alternatives Fund, was an expansion of the firm's previous 4,986-sf office, Jennifer Nicholson, with Grubb & Ellis' Boston office, tells GlobeSt.com.
"They looked at different options in the market and decided it made more sense to renew early and take advantage of the market rates," Nicholson says.
Terms of the lease were not disclosed but Nicholson says space in the Cambridge area generally leases in the $26-per-sf range. The building, which is about 88% leased, counts among its tenants software design firm Coventor and the high-tech firm Charles River Analytics.
Nicholson, along with Ellen Fantini, represented the tenant. The landlord, Prospectus, was represented by Robert Fitzgerald of CB Richard Ellis' Boston office.
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