THE DAVIS COMPANIES EXECUTES 47,500-SQUARE-FOOT LEASE RENEWAL WITH QUINTILES IMS AT 201 BROADWAY IN CAMBRIDGE
Premier office building in tech-savvy Kendall Square will undergo lobby and common area renovations to enhance tenant experience
CAMBRIDGE, MA – November 1, 2017 –The Davis Companies (TDC) today announced that it has executed a 47,500-square-foot lease extension with Quintiles IMS at 201 Broadway, a 120,000-square-foot, Class-A office building located in the heart of East Cambridge adjacent to MIT and numerous pioneering life science and technology companies. A longstanding tenant at 201 Broadway, Quintiles IMS is an award-winning supplier of integrated information and technology solutions assisting healthcare providers to improve patient treatment and care.
At the same time, TDC has disclosed its plans to improve the lobby and common area of 201 Broadway. The renovation designed by Elkus Manfredi Architects includes the construction of a new exterior building entrance and canopy, an upgraded main lobby and common area, the addition of a new bike room with changing rooms and showers, and a new collaboration lounge and seating area off the lobby.
“Retaining tenants like Quintiles IMS is a high priority for The Davis Companies, and we are thrilled that the firm has elected to extend its lease with us,” said Duncan Gilkey, Senior Vice President at The Davis Companies. “Elkus Manfredi is a world-class designer with a clear vision for 201 Broadway that is very tenant-centric. As tastes change and tenants’ needs evolve, it’s imperative that we stay current. With East Cambridge being a world-class submarket, its worthy of further investment.”
201 Broadway is also home to: Mitsubishi Electric Research Laboratories, the North American subsidiary of the corporate research and development organization of Mitsubishi Electric Corporation; Jobcase, a social media platform dedicated to connecting employers to potential new employees and vice versa; Yankwich & Associates, a local law firm specializing in intellectual property law; and, Synchogenix Information Strategies, Inc., which provides strategic writing and related services for the biotech and pharmaceutical industries.
TDC is well-known for its repositioning expertise, which has attracted top companies to office buildings across the Eastern U.S. Among the numerous repositioning projects that TDC has completed in its 41-year history are: The Westport Center for Health, a 38,000 square foot, Class-A medical office campus that represents the largest collection of medical providers in Westport, CT; 67 South Bedford Street in Burlington, MA, a four-story, 176,886 square foot office building; One Cabot Road in Medford, MA, a four-story, 308,954 square foot building just four miles from Boston; The Xchange at Bedford, an eight-building, approximately 475,000 square foot campus in Bedford, MA; and, the Union Trust Building in Pittsburgh, PA, a 460,000 square foot mixed-use building which TDC and Elkus Manfredi Architects transformed into a modern business destination, while retaining the building’s historic charm.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies 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.