CarGurus to be Anchor Tenant at Boston Office High Rise
The 15-year lease deal will allow CarGurus, which is currently headquartered across three offices in Cambridge, MA, to consolidate those operations into one Back Bay location.
BOSTON—Automobile marketing firm CarGurus has signed a long-term lease for approximately 275,000 square feet to be the anchor tenant at Samuels & Associates proposed 1001 Boylston St. high-rise here.
The 15-year lease deal will allow CarGurus, which is currently headquartered across three offices in Cambridge, MA, to consolidate those operations into one Back Bay location. CarGurus currently employs nearly 1,000 people globally.
CarGurus, which was founded in 2006, will occupy the top 11 floors of the new 20-story building and will have its logo visible atop the building that is scheduled for completion in 2023.
“We could not be more excited about our future home in Boston,” says Jason Trevisan, CFO at CarGurus. “Not only does this building answer the space needs of our growing CarGurus team, but it also allows us to create a dynamic work environment that will reflect our collaborative culture, inspire our people and support the pioneering work we have ahead of us.”
As part of the project, Samuels & Associates is also developing additional office and commercial space at the location, a public plaza that will serve as a gathering and connecting space, upgrades to improve pedestrian and bicyclist safety and experience, and improved access to bus lines and MBTA. The 1001 Boylston St. development is the first air rights project in Boston in 40 years.
The building will offer cutting edge systems for energy efficiency and sustainability, consistent with a LEED Gold certified building.
CarGurus was represented by CBRE and Newmark Knight Frank. Dain, Torpy, Le Ray, Wiest & Garner, P.C. served as outside counsel.