Shell TechWorks Signs 44,000 SF Lease at Skanska’s Two Drydock
The deal with Shell TechWorks is the first lease signing at the 230,000-square-foot office building that broke ground in June 2018.
BOSTON—Shell TechWorks, which is headquartered in Cambridge, MA, has signed a lease for 43,821 square feet of space at Skanska’s Two Drydock office building currently under construction in the Seaport District here.
The deal with Shell TechWorks is the first lease signing at the 230,000-square-foot office building that broke ground in June 2018. Shell TechWorks is an entrepreneurial research and development branch within Shell that was created to find faster, more cost-effective ways to deliver technologies to foster safety and the production of cleaner energy. Construction on Two Drydock is expected to be completed in the first quarter of 2020.
Shell TechWork’s new Seaport location at 2 Drydock Ave. will span floors five and six of the 13-story building and will include research and development space, as well as an exclusive outdoor terrace on the fifth floor.
Once completed, Two Drydock will also include 9,000 square feet of retail space. The building, targeting LEED® Gold and Fitwel certifications, will offer tenants access to an 8,000-square-foot rooftop terrace with a 5,500-square-foot interior amenity space that features a state-of-the-art fitness center and conference and lounge space with panoramic views of Boston Harbor and the city skyline. It will also include bike storage and 150 above-ground parking spaces located on floors two through four for potential repositioning given the anticipated increase in driverless cars and other ride-sharing services.
“Two Drydock was built for innovative, thought leaders like Shell who are at the cutting edge of developing new technologies to enhance the energy sector and drive progress forward for the industry globally,” said Russ DeMartino, EVP of Skanska’s Commercial Development operations in Boston.
“Shell TechWorks, which opened its doors in Cambridge in 2013, looks forward to joining the exciting ecosystem in Boston’s Innovation District early next year,” says Julie Ferland, general manager of Shell TechWorks. “Two Drydock will provide an inspiring home for Shell’s expanding presence in the Northeast.”
Skanska’s other developments in Greater Boston include 121 Seaport, a 400,000-square-foot office building hat is home to PTC and Alexion; 101 Seaport, the North American headquarters for PwC; Harbor Way, a 70-foot-wide pedestrian promenade with 20,000-square-feet of tree-lined open space and retail between 101 and 121 Seaport; Watermark Seaport, a 300,000-square-foot, LEED Gold residential building with ground-floor retail; The Harlo, a 17-story, 183,000-square-foot residential tower with 212 apartments and approximately 7,000-square-feet of ground-floor retail; and, 150 Second St. a lab and office building in Cambridge.