The Davis Cos. executes 47,500 s/f lease extension to Quintiles IMS

Cambridge, MA The Davis Companies (TDC) has executed a 47,500 s/f lease extension with Quintiles IMS at 201 Broadway, a 120,000 s/f, class A office building located adjacent to MIT and numerous life science and technology companies. A longstanding tenant at 201 Broadway, Quintiles IMS is an award-winning supplier of integrated information and technology solutions assisting healthcare providers to improve patient treatment and care.

At the same time, TDC has disclosed its plans to improve the lobby and common area of 201 Broadway. The renovation designed by Elkus Manfredi Architects includes the construction of a new exterior building entrance and canopy, an upgraded main lobby and common area, the addition of a new bike room with changing rooms and showers, and a new collaboration lounge and seating area off the lobby.

“Retaining tenants like Quintiles IMS is a high priority for The Davis Companies, and we are thrilled that the firm has elected to extend its lease with us,” said Duncan Gilkey, senior vice president at TDC. “Elkus Manfredi is a world-class designer with a clear vision for 201 Broadway that is very tenant-centric. As tastes change and tenants’ needs evolve, it’s imperative that we stay current. With East Cambridge being a world-class submarket, its worthy of further investment.”

201 Broadway is also home to Mitsubishi Electric Research Laboratories; Jobcase; Yankwich & Associates; and, Synchogenix Information Strategies, Inc. 

TDC is well-known for its repositioning expertise, which has attracted top companies to office buildings across the Eastern U.S. Among the numerous repositioning projects that TDC has completed in its 41-year history are: The Westport Center for Health, a 38,000 square foot, Class-A medical office campus that represents the largest collection of medical providers in Westport, CT; 67 South Bedford Street in Burlington, MA, a four-story, 176,886 square foot office building; One Cabot Road in Medford, MA, a four-story, 308,954 square foot building just four miles from Boston; The Xchange at Bedford, an eight-building, approximately 475,000 square foot campus in Bedford, MA; and, the Union Trust Building in Pittsburgh, PA, a 460,000 square foot mixed-use building which TDC and Elkus Manfredi Architects transformed into a modern business destination, while retaining the building’s historic charm.

Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million s/f across the Eastern United States.