BOSTON– The Davis Companies announced that it has secured a long-term lease agreement with Cambridge Health Alliance (CHA) for medical office space at One Cabot Road in Medford, MA, and has successfully completed the build-out of the new facility. The new office will consolidate all services currently offered at CHA’s Assembly Square location in Somerville, MA.
CHA, a leading health system known for delivering innovative, accessible, and equitable care to communities across Boston’s Metro-North region, has signed a 15-year lease to occupy 56,000 square feet on the building’s second floor. The space will support CHA’s expanding patient network and house both medical offices and ancillary support services. The new office is expected to open in June 2025.
Located just two and a half miles from Kendall Square, One Cabot Road is a premier, multi-use building on the banks of the Malden River. The property offers immediate access to the MBTA Orange Line, Interstate 93, Route 16, Route 28, and Logan Airport, as well as nearby neighborhoods throughout Greater Boston and Cambridge. The location is surrounded by a range of amenities including high-quality restaurants, hotels, and retail centers. Current tenants include InkBit, a 3-D printing company utilizing the space for research and development.
“One Cabot Road will provide an inviting and vibrant environment for our patients that is easily accessible by car and public transportation,” said Renée Kessler, Chief Operating Officer of Cambridge Health Alliance. “We are excited to move primary care and specialty services to this centrally located space and are grateful for this partnership with Davis.”
Through significant investment in repositioning the building, Davis has transformed One Cabot Road into a modern facility equipped with a full-service café offering catering services, a fitness center with locker rooms and showers, indoor bike storage and bike loan program, covered parking, on-site property management, and security and concierge personnel. The building also provides complimentary private shuttle service to the Wellington T Station on the MBTA Orange Line and the Commuter Rail.
“CHA is exactly the type of quality and established medical and life science tenant we are thrilled to welcome to One Cabot Road,” said Duncan Gilkey, Senior Vice President at Davis. “The building’s capabilities are aptly designed to support the company in their efforts to develop lifesaving innovations, while strengthening employee retention by granting access to a wide range of amenities, restaurants, transportation hubs and more. Davis’ comprehensive repositioning of One Cabot Road beginning in 2021 has created a premium option for a diverse range of growing companies that want access to Greater Boston’s biotechnology, life science, advanced manufacturing, and robotics ecosystem.”
In addition to the CHA lease, three suites remain available at One Cabot Road. Two suites—measuring 16,270 RSF and 6,116 RSF—are shell and core spaces that can be customized for research and development, advanced manufacturing, electronic lab, or life science lab use. The third suite offers 27,979 RSF of fully built-out, furnished spec laboratory space, comprised of 60% lab and 40% office.
Designed to meet the needs of a wide range of users—including laboratory, R&D, electronic lab, technology, light manufacturing, and medical office tenants—One Cabot Road features state-of-the-art infrastructure. Highlights include nearly 14-foot ceilings, high floor load capacity, robust power and electrical capabilities, chemical storage rooms, three emergency backup generators, freight loading capabilities with two loading bays, and an 8,000-pound freight elevator.
Deb Gould, Ali Cavanaugh, and Rory Walsh of Newmark represented Davis in the transaction. Paul Delaney, Adam Subber, and Carter Sweabe of Cresa Boston represented Cambridge Health Alliance.
