CAMBRIDGE, MA—Having sidestepped a moratorium that quashed most commercial development here during the past two years, the Beal Cos. today broke ground on a 128,000-sf office building in the Kendall Square district. The six-story building is slated for completion next June.In addition to enclosed parking on the first two levels, the building will feature a corner courtyard park; covered shipping and loading docks and a variety of class A amenities. While she declined to identify specific suitors, director of leasing Molly Kimball Walker says she believes a large portion, if not all, of the space will be spoken for by opening day.Beal senior VP Peter B. Nichols notes that the building is one of the few to survive Cambridge’s stringent interim zoning plan. Difficulty in gaining permits is a key factor in the city’s super-tight vacancy rate, which is under 1% for office space. A recent industry report noted that there is currently just 13,000 sf available in the 11-million-sf Cambridge market, while rents are averaging $50 per sf. ADD Inc. of Cambridge designed the building; Perini Construction Co. is the contractor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.