THE DAVIS COMPANIES COMPLETES LAB/ R&D CONVERSION AT 75 MOULTON STREET IN CAMBRIDGE
Newly transformed 37,500-square-foot building to deliver much needed lab and R&D space by June 2017
CAMBRIDGE, MA – April 28, 2017 – The Davis Companies (TDC) today announced they have completed construction at 75 Moulton Street, a single-story, 37,500-square-foot, laboratory and R&D building located in the Fresh Pond Technology Park in the Alewife section of West Cambridge, MA. The property offers growing life science, pharmaceutical and R&D companies state-of-the-art space with a sophisticated and powerful infrastructure that can support a wide range of research and scientific operations. The modern, highly flexible building brings much-needed high bay space to a market with limited vacancy and access to Cambridge’s educated labor pool. 75 Moulton Street offers interior and exterior signage opportunities, 58 onsite parking spaces, and a shuttle to and from the Alewife MBTA Subway Station, which is minutes from both Kendall Square and Harvard Square via the MBTA Red Line. The property is also readily accessible from the Western suburbs via Route 2.
“Alewife is a smart value alternative to Kendall Square and the Seaport. We are committed to transforming this area into an even more vibrant hub, with premier buildings for life science research and development surrounded by inviting green spaces and great transportation access,” said Duncan Gilkey, Senior Vice President at TDC. “75 Moulton delivers a unique opportunity to occupy a highly efficient, single-story building in what is quickly transforming into one of the most-well-respected life science clusters in the country. The building is perfect for companies looking to advance their research, and/or companies that need access to strong, dedicated data providers and a custom power source to conduct their research.”
Working with the architectural and engineering firm Jacobs, TDC transformed 75 Moulton with 21st century upgrades. The façade is comprised of insulated metal panels, and a sleek new glass entryway will welcome tenants and visitors into an inviting glass vestibule. Lab spaces will boast 13′ 6” clear heights and large insulated windows will allow substantial natural light to enter throughout. Tenants will benefit from 4,000 amps of power, which is significantly more power compared to other buildings in the area that typically offer 1,000 or 1,500 amps. Other state-of-the-art systems will include: all new HVAC and sprinklers, customizable pH neutralization, a two-bay loading dock, and storm water collection. Tenants will also enjoy indoor bike storage, showers, as well as outdoor eating and green spaces.
“Practical companies seeking a more cost-effective space in an ideally situated, up-and-coming startup and life science market will be proud to establish a presence at 75 Moulton,” said Chris Leary, Principal and Managing Director, Jacobs.
“Many companies are choosing to relocate to the Alewife market and demand remains strong. Alewife has a robust amenities base, and offers very good access to Mass transit. 75 Moulton
provides tenants with an affordable alternative to East Cambridge where rents are significantly higher and opportunities are scarce,” said Peter Bekarian, Managing Director, JLL, who is overseeing the leasing of 75 Moulton.
TDC is also developing a The ARC, a Class-A, 223,000-square-foot lab building with ground-floor retail at nearby 35 Cambridgepark Drive, scheduled to be completed in summer 2018. The ARC is directly adjacent to the Alewife Subway Station, and readily accessible from the Western suburbs via Route 2. Once completed, this premier facility will be suitable for life science and pharmaceutical companies that require flexible, Class-A lab space in a sustainable environment.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies, headquartered in Boston, is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.
About Jacobs Engineering Group
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com