Newly renovated office space offers numerous transportation options, steps away from thriving Waltham downtown restaurants/businesses
WALTHAM, January 14, 2020 – The Davis Companies is pleased to announce 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. 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.
About The Davis Companies
The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $6.2 billion in gross asset value through real estate equity, debt and fixed-income securities. A combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 11.8 million square feet of office, retail, hospitality, light industrial, healthcare and life science properties and approximately 4,000 residential units across the Eastern United States. For further information, visit www.thedaviscompanies.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.