Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CAMBRIDGE, MA-After 21 years in Harvard Square, ARC/Architectural Resources Cambridge Inc. will move its 65 architects, designers and staff members into 17,705 sf of office space in Kendall Square. The move will keep the architectural design firm in the city it has called home for the past 36 years.

The firm, which specializes in educational, athletic and biotechnology facilities, will move into 5 Cambridge Center this fall under a 10-year lease arrangement that will give the company room to accommodate growth. Peter Bekarian, vice president with Spaulding & Slye Colliers, who negotiated the deal along with colleague Debra Gould for owner AEW Capital Management LP tells GlobeSt.com that the lease brings the 13-story property to 88%-occupancy. ARC was represented by Spaulding & Slye Colliers vice president John Osten.

Although terms of the lease were unavailable, Bekarian said the property, along with a second building at 4 Cambridge Center also owned by AEW, rent in the low to mid-$30 per-sf price range. The two buildings are part of a 2 million sf, multi-use complex known as Cambridge Center. Bekarian says since the beginning of the year, about 101,000 sf has been leased in the two buildings, which total about 400,000 sf.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.