Cambridge-born architectural company finds a new home in Back Bay
Client
- Architectural Resources Cambridge
Locations
- Boston
Services Provided
- Transaction Management
Cresa Team
- Paul Delaney
- Adam Subber
- Dan Sullivan
- John Coakley
Space
- 22,542 sq. ft.
Industry
- Architecture
client objectives and results
See more success storiesClient 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
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)
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