NEEDHAM, MA-Cambridge Healthtech Institute tripled its space and got a higher profile location when the firm signed a seven-year lease on 21,996 sf of class A office space at the New England Business Center here. The company, which produces conferences for the life science industry, previously occupied about 7,000 sf at the Echo Bridge Office Park in Newton.

Greg Hoffmeister, with T3 Advisors in Waltham, tells that the 250 First Ave. office space allowed the business to consolidate its operations and also offered room for a recently acquired operating company. The 73,000-sf building, located just off Route 128, has about 35,000 sf still available in four suites, he says.

“They were looking for a nicer image and this space was attractive because the perimeter office was built-out so they didn’t have to do a major renovation. That was one of the selling points,” Hoffmeister says.

Terms of the lease were not disclosed but Hoffmeister says similar class A space in Needham leases in the high $20s to low $30s per sf.

Hoffmeister and Mike Shreve, also with T3 Advisors, represented Cambridge Healthtech Institute. The building’s landlord, the Bulfinch Cos., was self-represented by Mike Wilcox.

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.