The Davis Companies Announces Leases at Cityside Waltham as Tech & Life Science Cluster Continues to Grow


August 19, 2020 | By Boston Real Estate Times

Boston– The Davis Companies is pleased to announce that it has leased more than 103,000 square feet of space at Cityside over the past 12 months; notably, nearly half of this total was secured during the pandemic. Currently, only 86,000 square feet of space remain available at the Class A, 300,000-square-foot office destination less than one mile east of Route 128 and adjacent to a revitalized downtown Waltham, MA.

As Waltham has continued to be a desirable location for companies, the interest in Cityside has been exceptionally strong. Most recently, Magellan Health Inc., a Fortune 500 health care management company, leased 40,449 square feet and will be relocating to Cityside from its current location in East Cambridge, joining other well-known technology and life science tenants – among them, the Massachusetts Life Sciences Center, TMP Worldwide, GreatHorn Software, NaviHealth and OpenClinica – at the recently renovated building.  The Cushman & Wakefield team of Rob Byrne, Liz McLaughlin and Ross Gaudet represented The Davis Companies; Michael O’Leary and Ryan O’Keefe, also of Cushman & Wakefield, represented Magellan Health.

“The success of Cityside can be attributed to the ‘best of both worlds’ features and amenities that tenants are demanding,” said Patrick Kimble, Asset Manager at The Davis Companies. “Unlike suburban office campuses, Cityside offers the benefits of urbanization along with top-notch amenities, a dynamic community, and a feeling of authentic connectivity.”

“Cityside stands out among suburban office buildings because of its proximity to the countless amenities that Moody Street and downtown Waltham provide,” said Rob Byrne of Cushman & Wakefield. “It’s a viable and cost-effective alternative to the more expensive Seaport or Boston-proper offerings and provides employees everything they need within steps of their workplace. It’s the perfect recipe for companies looking to attract top talent and grow, while adhering to a lower real estate investment.“

Located at 1025-1075 Main Street in Waltham, Cityside delivers a vibrant, convenient location that provides companies with connectivity to neighborhoods, high-end amenities and easy transportation options. I-95/Route 128 and the Mass Pike are both nearby, as is easy access to public transportation; the commuter rail is a short walk from the property and a Boston Express MBTA bus stop is just steps away. In the neighborhood, tenants can take advantage of more than 50 restaurants and bars, numerous banks, supermarkets, dry cleaners, pet food stores and pharmacies, all within a 10-minute walk.

Following its acquisition of Cityside in 2015, The Davis Companies reimagined the property from the inside out to provide world-class amenities inside and a fully connected, urban environment outside. On-site amenities include a two-story, all-glass atrium lobby, modern fitness studio, window-lined café, common workspace areas, outdoor plaza with ample green space and an indoor parking garage. (IANS)

Please visit Citysidewaltham.com to learn more about the property.


The Davis Companies Welcomes Three New Tenants To Cityside

January 22, 2020 | Boston Real Estate Times

WALTHAM, MA – The Davis Companies announced three new leases totaling 31,000+ SF at Cityside, its Class A, 300,000 SF office destination conveniently located less than one mile east of Route 128 and adjacent to a revitalized downtown Waltham, MA.

The leases follow a $14 million repositioning of the property, including a new state-of-the-art fitness center, café and outdoor garden dining area.

Continuing its tradition of creating high-end, tailored office and lab spaces, The Davis Companies – working with Cushman & Wakefield – has secured Waltham-based internet security firm GreatHorn to lease more than 17,000 SF; longtime Boston-based wealth management company Foster Dykema Cabot, which has relocated to Waltham and leased 8,150 SF; and Waltham-based clinical data management company OpenClinica, soon to occupy 6,500 SF. These growing companies join other well-known technology and life science tenants, including the Massachusetts Life Sciences Center and TMP Worldwide, at the newly renovated building.

In addition to the fresh, new on-site common areas at the property, Cityside delivers a vibrant, convenient location that provides companies with key features they need to attract and retain highly sought-after talent. They want connectivity to neighborhoods, high-end amenities and easy transportation options and Cityside delivers on all counts. I-95/Route 128 and the Mass Pike are both nearby, as is easy access to public transportation – the commuter rail is a short walk from the property and a Boston Express MBTA bus stop is just steps away. In the neighborhood, tenants can take advantage of more than 50 restaurants and bars, numerous banks, supermarkets, dry cleaners, pet food stores and pharmacies, all within a 10-minute walk.

“GreatHorn, Foster Dykema Cabot, and OpenClinica recognize the benefits of urbanization and that today’s experience is less about secluded suburban campus settings and more about top-notch amenities, a dynamic  community, and a feeling of authentic connectivity,” said Patrick Kimble, Asset Manager at The Davis Companies. “Cityside captures all of that, which is why we expect interest in this unique property to remain strong and are thrilled to welcome these clients to the building.”

“Cityside is different from the typical suburban office building because of its proximity to the countless amenities Moody Street and downtown Waltham provide,” said Rob Byrne, managing director at Cushman & Wakefield. “It’s a viable and cost-effective alternative to the more expensive Seaport or Boston-proper areas and offers employees everything they need just steps from where they work. It’s the perfect recipe for companies looking to attract top talent and grow.”

With more companies continuing to relocate in Waltham, the interest in this space continues to be strong. Currently there is approximately 120,000 SF still available for lease.