A Property Tour This Week:

A Tour this week with an organization looking to re-locate from the Suburban market into Cambridge included a visit to two buildings being redeveloped by Equity Office in Cambridge. Both 125 and 150 Cambridge Park Drive, Cambridge, MA are going under extensive renovations to include new lobby areas and an exciting new amenity complex within the first floor of 150 Cambridge Street.

Equity is going all out to upgrade these buildings and it showed. Both are located a short walk from the Alewife “T” station and they both have ample free parking available for new tenants. In three short months these neglected class A office buildings with an outstanding location have been re-vitalized.

In addition to the new lobby areas, the amenity center will include an expanded Fitness Center and Yoga Studio, a Conference Center, Game Room, Genius Bar, Inside Bike Storage, Outside Fire Pit & Bocce Court with viewing areas, and an exciting new – first in the nation Whole Foods Café – that will even have take-out dinners for those in a hurry to get home without time to cook dinner!

150 Cambridge Park Drive is being offered to larger tenants with full floors available and 125 Cambridge Park Drive is available for smaller tenants. The Park buildings have on-site security at all times and a Tenant Coordinator to help smooth out any building operational issues.
Equity is even building out new office space on speculation to meet the needs of prospective tenants that must occupy very quickly. Even with all of these upgrades and new amenities the space is being offered at net-effective lease rates competitive with surrounding buildings. This two-building office offering is now positioned to be a quality cost effective offering within the Cambridge market. It may even fit the needs of the group that visited the site with me this week.

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