One Cabot Road

Medford, MA
SF: 308,954 website

Opportunity

The Davis Companies acquired One Cabot in 2015 with a plan to revitalize the building. One Cabot was constructed in 1989 and at the time of acquisition, boasted a full-service cafeteria, fitness facility, a generous parking ratio, including 170 covered executive spaces inside the building, and abundant power and emergency systems.

Overview

The One Cabot project is a dramatic revitalization of the property in order to reposition it as a high quality, value-alternative to properties in Boston, Cambridge and the suburbs. “We’ve seen growing demand from tenants for amenity-rich office solutions that are close to Boston and Cambridge and readily accessible to public transportation. We believe One Cabot has genuine appeal to a wide array of tenants being priced out of Cambridge, the Financial District and the Seaport, as well as from those tenants wanting to move into the city from the suburbs…this submarket has benefitted from tremendous large scale investment in new projects such as Assembly Row, Station Landing and Rivers Edge, making it an engaging, convenient and highly desirable location for people to live, work and play.” - Quentin Reynolds, Managing Director of Acquisitions for The Davis Companies

Value Creation Strategy

The Davis Companies repositioned One Cabot Road to offer a fully renovated, two-story lobby with networking and collaboration spaces; refurbished elevator cabs and common areas to reflect the lobby aesthetic; a 10,333 SF cafeteria; an updated fitness center with locker rooms and showers; a 10,000 SF outdoor patio with views of Boston and Boston Harbor, year-round seating, a fire pit and game space, and additional visitor parking. These value-add activities were performed as a team effort with Margulies Perruzzi Architects.

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