HubSpot office - Davenport Building - East Cambridge, MACambridge, MA According to Jamestown, HubSpot, a leading inbound marketing and sales platform company, has signed a 12-year, multi-phase expansion and extension lease for the entire historic Davenport building in East Cambridge.
HubSpot, which currently occupies 118,561 s/f of the building on the first, second and fourth floors, has signed on to eventually occupy the entire 218,037s/f building as space becomes available. Reimagined by Sasaki in 2008, the Davenport has maintained its historical characteristics while incorporating new and contemporary elements. With its close proximity to Kendall Sq., Harvard University, and M.I.T, the Davenport is positioned as an ideal location for HubSpot to maintain its global headquarters.
The Davenport was originally constructed in 1860 as the Davenport/Irving Casson Furniture Factory, and is listed on the National Register. The seven adjoining buildings of the Davenport were completely renovated to function as a single and fully integrated office building in 1987. Jamestown purchased the building in November of 2014 with HubSpot as its largest tenant. The building is Jamestown’s latest addition to its distinctive Greater Boston portfolio, which is comprised of the Innovation and Design Building, the Boston Design Center, the Newbury Collection, and 245 First St.
The building recently underwent $18 million in capital improvements, including a full lobby and common area renovation, bringing the property up to modern standards while honoring its history as a classic brick-and-beam structure. The Davenport building has Wired Certified Gold internet infrastructure and connectivity.
“We’re excited to be staying in Cambridge, our home since Brian and Dharmesh founded the company out of MIT. This lease gives us the ability to keep building a pillar tech company in the Boston area while staying close to our roots,” said JD Sherman, HubSpot president & COO.
HubSpot, who is transforming the way companies interact and engage with customers, is known for its forward thinking vision and dynamic culture.
“We’ve put a lot of thought into the space that we’ve created for HubSpotters in the Davenport, and we’re happy that we’re able to stay,” said Ken Papa, HubSpot’s director of facilities. “HubSpotters are innovative, collaborative, and creative people and we’re proud to be able to provide them with a work environment that embodies and fosters those core values.”
Since its founding in 2006, HubSpot has been redefining the marketing and sales industries, helping businesses get found online, generate more inbound leads, and convert a higher percentage of those leads into paying customers. HubSpot’s software platform includes innovative tools that allow professional marketers and small business owners to manage search engine optimization, blogging and social media, content management, lead intelligence, and marketing analytics.
HubSpot’s increased occupancy demand is just one of many recent examples of the city’s scarce vacancies. With its steady growth and demand for tenant space, Cambridge remains a heavily sought-after location for competitive and world-renowned start-up technology, biotech, and life science companies.
Jamestown was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 32 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $9.4 billion of assets under management. Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management. Jamestown employs more than 230 professionals in the United States, with offices in Atlanta, Boston, New York City, Washington, DC, and San Francisco.
