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Wed, Jun 26
A Compendium of Property & Capital News
Jun 26
A Compendium of Property & Capital News

DataRobot Signs 57,000 SF Lease for New HQ at Oxford’s 225 Franklin Via Newmark

February 22, 2019
225 Franklin Street, Boston MA

BOSTON—Newmark Knight Frank recently inked a 56,962 SF lease to DataRobot at 225 Franklin Street for their new corporate headquarters. Newmark represented both the property owner, Oxford Properties Group, and DataRobot in the transaction, bringing the building’s occupancy to nearly 90 percent. DataRobot signed the lease following NKF’s strategic analysis of suitable, local options for the company’s new headquarters. The company is currently located at One International Place.

Founded in 2012, DataRobot is the category creator and leading provider of automated machine learning. Organizations worldwide use DataRobot to empower the teams they already have in place to rapidly build and deploy machine learning models and create advanced AI applications. With a library of hundreds of the most powerful open source machine learning algorithms, the DataRobot platform encapsulates every best practice and safeguard to accelerate and scale data science capabilities while maximizing transparency, accuracy and collaboration. With offices around the globe, DataRobot is backed by $225 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech and DFJ.

225 Franklin Street is a Class A, 943,605 SF office building. The 33-story mid-rise was built in 1965 and renovated in 1990. 225 Franklin Street features large, flexible floor plates, and a multitude of on-site amenities, a conferencing and amenity center including tenant lounge with a kitchen area and catering capacity, golf simulator, locker rooms with showers, bike storage, two high capacity meeting rooms, and 237 spaces of on-site parking.

Relocating from 1 International Place in Boston, where DataRobot currently leases 31,407 square feet, the firm selected NKF to assist in finding a larger, more efficient space for the growing company. The team ultimately secured the lease at 225 Franklin Street based on its central location, modern amenities and large floorplates offered. NKF Senior Managing Director Jason Cameron, Executive Managing Director David Martel and Transaction Services Specialist Tim Giarrusso represented ownership in the transaction while NKF Director Ben Sutton and Executive Managing Director William Motley represented DataRobot.

“DataRobot selected 225 Franklin Street due to it having three contiguous floors available that featured generous natural light, efficient floor plates and possible future expansion opportunities,” said Sutton.

“225 Franklin is an exceptional property and Oxford has recently revitalized the space with a new lobby, the addition of retail conveniences at the ground level, and a state-of-the-art amenity center,” said Matthew Polhemus, senior manager of leasing at Oxford Properties Group. “DataRobot is an example of our commitment to working collaboratively with our customers to understand their business needs and provide world-class services.”

DataRobot plans to take occupancy of its new space in September 2019.

Tim Giarrusso David Martel Jason Cameron Matt Polhemus William Motley Ben Sutton