Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WALTHAM, MA-In what is one of the largest corporate headquarter relocations in Greater Boston this year, Phase Forward has signed a long-term sublease for 100,000 sf of first-class office space at 880 Winter St. in the Waltham Woods Corporate Center.

Keith Gurtler, vice president and John Boyle, principal, represented Phase Forward in the site search and lease negotiations. Phase Forward will be subleasing the premises from BMC Software. Boyle and Gurtler worked with BMC’s national real estate advisor, Scott Wegmann and Kevin Ray of Cushman & Wakefield of Houston, through the lease negotiations. This relocation represents a 60% increase in square footage for Phase Forward’s corporate offices.

The three-story, 220,000 sf first-class office building is located near the Route 128/Winter Street intersection. Among the office park’s other tenants are Microsoft, Intuit and Greylock Ventures.

Lease rates for this deal were not available, but the average asking rent for office space in Waltham is about $25 per sf, although sublease deals tend to command a lower rate.

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?

Dig Deeper



Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.