Cambridge-born architectural company finds a new home in Back Bay

Client
  • Architectural Resources Cambridge
Space
  • 22,542 sq. ft.
Industry
  • Architecture
Locations
  • Boston
Services Provided
  • Transaction Management
Cresa Team
  • Paul Delaney
  • Adam Subber
  • Dan Sullivan
  • John Coakley

Client Objectives

  • Engaged Cresa to explore renewing in Kendall Square versus relocating to Boston
  • Focused on Boston submarkets, given record setting rents in Kendall
  • Desired proximity to public transit, diverse amenities and building character to reflect business values

Process and Results

  • Leveraged ARC’s desirable tenancy, competing with organic demand and an influx of blue chip technology tenants
  • Orchestrated a process to ensure maximum leverage, with an option to renew at ARC’s disposal
  • Secured a long-term base for ARC in Boston’s Back Bay and a new facility that allows the firm to reflect its brand and culture
  • Negotiated early termination with former landlord which yielded additional 4 months of free rent (leveraged Google’s demand for space)

ARC Interior

ARC Interior

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