TrizecHahn Corp. purchased the development rights to the sitefor $24 million in 2000 before the telecommunications industry wentunder. The property was permitted for two 192,000-sf buildings, butTriezcHahn only managed to build one at a cost of $16 million.Agnew tells GlobeSt.com that Chambers might pursue development ofthe other site and is considering all options.

Herlihy tells GlobeSt.com that Chambers plans on using some ofthe existing building, which is currently vacant, for its officesand leasing the remaining space to outside tenants. The company iscurrently headquartered on 116 Commonwealth Ave. in Boston andHerlihy notes that the company owns that building as well. "Theyare in the process of determining how much space they will beoccupying [in the new building.]"

The building is situated between Route 93 and Route 28, lessthan two miles northwest of the city. The newly constructedbuilding has four-stories and is located near the MassachusettsInstitute of Technology and Harvard, as well as the technology andlife sciences center at nearby Kendall Square.