CambridgePark Investors Limited Partnership, an affiliate of Berwind Property Group, owns the five-story building, which was constructed in 1990 and is the newest building in the complex. David Townsend of Cushman & Wakefield worked with Albert J. Corr, vice president of Berwind Property Group, on the transaction while Mark Winters, senior director with C&W represented Cambridge Systematics.
"In relocating our headquarters it was important to remain in the complex for the ease and accessibility of our employees," says Candace M. Tobin, CFO for Cambridge Systematics. "100 CambridgePark Drive offered us first-class space with all of the amenities of our previous location."
The deal is also good news for the Alewife area which, according to statistics compiled by Trammel Crow Co., has seen its overall available office space jump from an already high 35.8% last year to 44% this year.
Lease rates for this deal were not disclosed but average rents for office space in the area are at approximately $30 per sf.
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