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

The Davis Companies Leases 75,000 SF of Office Space in Waltham and Medford

March 31, 2021
Cityside, Waltham MA

BOSTON — The Davis Companies just announced that it has secured new leases totaling approximately 75,000 square feet between two of its premier Boston-area office properties: Cityside in Waltham and One Cabot Road in Medford.

At Cityside, longtime tenant Bank of America is leasing an additional 23,330 square feet of expansion space, bringing its total occupancy at the property to 118,222 square feet. Also, DDJ Capital Management, a privately held investment manager that specializes in investments within the leveraged credit markets, is relocating to Cityside from its current location in Waltham and taking occupancy of 13,488 square feet in the fall of 2021.

At One Cabot Road, Inkbit, a rapidly growing technology firm and creator of the first 3D printer, is moving from its current Medford location to One Cabot where it is leasing 38,300 square feet for its corporate headquarters. Inkbit joins an impressive roster of tenants, including Amazon’s only Massachusetts office location outside of Boston or Cambridge, global healthcare data and technology company ERT and iHeart Radio’s Boston broadcasting facilities.

Amid the significant challenges presented by the pandemic, The Davis Companies has remained very active in the competitive Boston market. Over the past year, the firm has leased over 350,000 RSF of commercial office, lab, and industrial space in the Boston area, including 115,000 RSF at Cityside and 79,000 RSF at One Cabot Road, bringing the total for both properties to 194,000 RSF.

“These new leases build upon The Davis Companies’ record of success across a range of property types during the past year,” said Patrick Kimble, Asset Manager at The Davis Companies. “At a time when there is a great deal of discussion about how the pandemic will impact the future of office space, the strong activity at Cityside and One Cabot Road demonstrates that there is a continued demand for high-quality, Class A facilities.”

“The Davis Companies’ flexibility and ability to make deals with prospective tenants during these challenging times, when others were not, is another contributing factor to our success,” added Duncan Gilkey, TDC’s Director of Leasing & Senior Vice President. “Our office properties are uniquely positioned, combining the amenities tenants would expect from a Downtown office building with the convenience, access to robust parking and ‘room to grow’ of the nearby suburbs.”

Located at 1025-1075 Main Street in Waltham, Cityside delivers a vibrant, convenient location that provides growing companies with connectivity to neighborhoods, high-end amenities and multiple 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. Tenants can take advantage of more than 50 restaurants and bars on Moody Street, a growing culinary destination, along with numerous banks, supermarkets, dry cleaners, pet supply stores and pharmacies in the surrounding neighborhood, all within a 10-minute walk.

One Cabot Road, Medford MA