BOSTON – The Davis Companies announced the completion of 101 Smith Place, a Class A life science and lab building encompassing 161,616 RSF. 101 Smith Place is the third building to deliver as part of The Quad Life Science campus in West Cambridge, MA, a 9.8-acre life science and advanced-manufacturing park.
Developed in partnership with Invesco Real Estate, The Quad is comprised of three state-of-the-art life science facilities and one advanced manufacturing building with future development rights. The campus master plan has been designed to thoughtfully integrate elements of workplace, innovation and lifestyle.
Through preleasing efforts and investment in spec suite construction at 101 Smith Place, Davis secured a ten-year lease agreement with South Korea-based Samsung SDI, a battery and electronic materials manufacturer that is majority-owned by Samsung Electronics. Samsung SDI will occupy a 13,604 square-foot spec suite on the 3rd floor upon completion of the suite’s construction in December 2024.
“The completion of 101 Smith Place marks the last milestone in realizing the vision for The Quad, created with intention to give tenants access to peers in the Greater Boston life sciences market and top-tier talent to sustain a workforce for the future,” said Cappy Daume, Chief Portfolio Management Officer at Davis. “The spec suite program at 101 Smith Place is designed with true flexibility in mind, and we are thrilled to work with Samsung SDI to create a space that supports their research and manufacturing needs.”
The LEED Gold-certified life science building includes 15’ to 18’ floor-to-floor heights; high-efficiency HVAC systems; surface and below-grade parking; a fitness center; Bluebike stations and indoor bike storage. Tenants will benefit from nearby campus amenities in the growing West Cambridge neighborhood, such as Kendall Kitchen at 10 Wilson Road, new bike lanes, outdoor patios and dedicated shuttle services to Alewife station.
Three remaining spec suites of various sizes are available on the third floor at 101 Smith Place.
Eric Smith, McKenna Teague, Tess Chandler and Jack Scibner of CBRE represented 101 Smith Place as the landlord’s leasing agents. Ruyi Cai of Montivista Real Estate Investment represented the tenant.
