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Tue, May 18
A Compendium of Property & Capital News
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May 18
A Compendium of Property & Capital News

Waltham Approves New Dynamic Class A Office Building For Hobbs Brook Management

September 24, 2018 - By The Real Reporter
Aerial View Rendering of 225 Wyman Street

WALTHAM– Hobbs Brook Management LLC has been granted a special permit by Waltham City Council to build a new four-story, 507,000 SF Class A office building with a new parking garage at the Hobbs Brook Office Park. The project is scheduled to begin construction by the end of 2018 and is expected to be completed by 2021. The new building will be the largest contiguous Class A office building constructed along the Route 128 “technology belt” in Massachusetts. The space will feature office and/or research laboratory space.

The site will allow Hobbs Brook Management to create a more dynamic office environment while offering easy on and off direct access to both the North and Southbound directions on Route 128. The new building at 225 Wyman Street will be designed to meet LEED Silver certification and it will offer a full amenity package, state-of-the-art systems, and convenient covered and surface parking at a ratio of 3.5/1,000 rentable square feet (RSF).

Ziad (Alex) Tadmoury, Interim President and CEO of Hobbs Brook Management, spoke on behalf of the company and the new space. “We want to thank the Waltham City Council for this special permit to move ahead with construction of our newest Class office building,“ praised Tadmoury. “Hobbs Brook Management has been developing and managing Class A office buildings in Waltham since 1954…this building represents our 16th building in Waltham and brings the total square footage under our long-term ownership in the City to over 2.5 million SF,” continued Tadmoury.

Hobbs Brook Management LLC will manage the facility and oversee the construction. Gensler Architects of Boston has been named the architect, and Charles “Chip” Batchelder, Managing Director of Wyman Street Advisors, has been named the exclusive leasing agent.

Alex Tadmoury