Deals Fill Up One Cambridge Center

Reflecting the city’s position as one of the best office markets in the country, Boston Properties has quickly leased more than half the space at its One Cambridge Center office building, with 115,000 sf of deals signed recently in the 12-story, 215,000-sf property. Compaq Computer Corp. and the Interpublic Group took the most space, 41,000 sf each, while Morgan Guaranty Trust Co. of New York signed on for 27,000 sf. Additional leases were inked by Hammer & Co., Base Technologies and Riskplex Inc.

In the wake of robust activity, Boston Properties Senior vice president Bryan Koop says One Cambridge Center is now 100% occupied. The company, which is also developing two office buildings across the river in Boston, is now marketing the final property at Cambridge Center, a 12-building, 2 million-sf complex carved out of the city’s Kendall Square neighborhood. Seven Cambridge Center, as it will be known, will have 170,000 sf of office and retail space.