Wakefield, MA– Hobbs Brook Real Estate (HBRE) announced that it has signed a new, 51,751-square-foot lease with Eastern Bank at The Edge Campus, located at 601 Edgewater Drive in Wakefield, MA.
The financial services firm is slated to commence office operations at the property upon move-in in Q3 of 2025. This new lease agreement positions the firm to make substantial investments in modernizing and enhancing property amenities for the benefit of tenants and end users across the entire campus.
“We are thrilled to welcome one of the region’s most respected banking institutions to The Edge Campus,” says Peter Gottlieb, President & CEO of HBRE. “With over two centuries of trust and expertise operating in New England, Eastern Bank’s addition to our community underscores the exceptional amenities, unparalleled tenant experience, and diverse tenant roster that make this location a top choice for businesses in Greater Boston.”
This lease agreement represents a significant milestone for The Edge campus, highlighting Hobbs Brook Real Estate’s continued dedication to investing in its assets. As part of this commitment, the firm is currently revitalizing both 601 and 701 Edgewater. At 601, plans include a complete renovation of the café that will transform it into a full-service space and be available for all tenants to utilize, as well as a comprehensive upgrade to the property’s fitness center offering and addition of an activated outdoor space. At 701, a state-of-the-art conference center is being developed that will feature multiple breakout rooms and available to all tenants operating across the park.
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. The firm provides a full range of banking and wealth management solutions for consumers and businesses of all sizes through its Cambridge Trust Wealth Management and Private Banking divisions.
601 Edgewater, a 155,000-square-foot, five-story office building, is part of The Edge Campus, a nearly one million-square-foot office park situated just 12 miles northwest of Downtown Boston. Campus amenities encompass a fitness center, a full-service café, tenant engagement app with year-round events, and a parking garage equipped with EV charging stations and solar arrays. The property sits next to a 540-acre conservation marshland, where tenants can enjoy a 1.3-mile walking path providing views of the ponds, marsh, and campus gardens, as well as ample communal outdoor space to rest and relax.
Newmark represented the landlord (Hobbs Brook Real Estate) within the transaction. The tenant (Eastern Bank) was represented by Cushman and Wakefield.
With the completion of this lease, Hobbs Brook Real Estate has executed a total of 130,554 square feet of new leases and renewals at the Edge Campus in 2024, a record milestone across the Wakefield region.
