Watertown, MA With Cambridge rents at historic highs, tenants are increasingly being drawn to inner suburban areas like Watertown, and more specifically to buildings that can create a Cambridge-like experience – brick and beam space, transit accessibility, and walkable amenities. Such selling points – all of which The RMR Group offers at 9 Galen St. – have recently attracted both Core States Group and Socomec, Inc. to the property. At 4,500 and 5,700 s/f respectively, the two tenants will both relocate from Cambridge in the coming months and build upon 9 Galen St.’s dynamic, multi-tenanted environment. Cresa’s John Coakley represented Core States Group while Patrick Verbeke from KW Commercial represented Socomec, Inc.
Colliers representatives for The RMR Group, president James Elcock, executive vice president John Carroll III, senior vice president Bill Lynch, vice president Jason Rexinis, and associate Nora Smith, have been able to market the Riverbend property, showcasing its upgraded lobbies, new fitness center, shared conference space and training center, abundant surface and garage parking, and other modern infrastructure and amenities. The building also benefits from public transportation access immediately at its front door and a prime location in Watertown Sq., home to numerous walkable restaurants, shops and convenience amenities.
“Activity has been incredibly strong at 9 Galen St.” said Rexinis. “It embodies so many of the characteristics that today’s tenant desires and will likely continue gaining momentum until lease-up is complete.”