Medford, MA According to the Davis Companies, ERT, a global leader in technology-driven data collection for use in drug development, has signed a 10-year lease for 41,000 s/f of office space at One Cabot Rd., a class A office building. With locations in the United States, Europe and Asia, ERT will move its Boston office from Hood Park in Charlestown to One Cabot Rd. in January 2021.
Debra Gould, Rory Walsh and Juliette Reiter of Newmark Knight Frank represented The Davis Cos. ERT was represented by Jeff Baker and Matt George of Cresa.
“We are delighted to welcome ERT to One Cabot Rd.,” said Duncan Gilkey, senior vice president and director of leasing at The Davis Companies. “We are seeing increasing demand from high-tech tenants for transit-oriented, amenity-rich office space with easy access to Boston’s urban core. One Cabot features 77,000 s/f floor plates in a four-story building, complete with multiple lobby entrances, making it easy and safe for tenants to access their space while complying with social distancing measures.”
A commuter’s dream, One Cabot Rd. sits at the Wellington T stop on the Orange Line, just four miles from downtown Boston, and also offers ample (three per 1,000 s/f) parking for its tenants. One Cabot Rd. offers access to the city and major highways and is just minutes away from best-in-class retail amenities such as Wegmans and the shops and restaurants at Station Landing and Assembly Row.
One Cabot has been designed with the needs of today’s tenants in mind. The building features a 10,000 s/f outdoor patio with views of downtown Boston and Boston Harbor, outdoor games, a fire pit and bike parking with loaner bikes for tenants.
Renovations to the building’s fitness center were completed earlier this year, including the addition of new Peloton and TRX equipment. The lobby is undergoing a makeover that will be complete this summer and will feature a new coffee bar for employees and visitors alongside enhanced lounge areas designed for informal collaboration in the open, airy space. The building has recently been awarded WiredScore Platinum Certification.
“The team at The Davis Companies was professional, truthful and helpful. Together we were able to execute a new lease in 25 days from the signing of the letter of intent in the middle of a global pandemic - not an easy task,” said Jonathan Knight, ERT’s global facility director. “The building’s location, across the street from the Orange Line, and its tenant-friendly amenities package made it a very attractive business transaction and an exciting new home for our employees.”
One Cabot Rd. is already home to such leading companies as Amazon, iHeartMedia and Global Contact Services. Following their acquisition of the 308,954 s/f property in 2015, The Davis Cos. worked with Margulies Perruzzi Architects to reposition One Cabot Road in 2017 and will be completing its second phase this summer with McMahon Architects.