WALTHAM, Mass. – September 24, 2018 – Hobbs Brook Management LLC, a commercial property management and development firm specializing in leasing, construction and development of Class A office space, announced that it has been granted a special permit by Waltham City Council to build a new four-story 507,000 SF Class A office building with a new parking garage within the Hobbs Brook Office Park in Waltham, Mass.
Anticipating completion in 2021, the new building will be the largest contiguous Class A office building constructed along the Route 128 “technology belt” in Massachusetts and will feature office and/or research laboratory space.
The site, located immediately off Route 128, will allow Hobbs Brook Management to create a more dynamic office environment while offering easy on and off direct access to both the North and South bound directions on Route 128. The new building at 225 Wyman Street will be designed to meet LEED Silver certification and it will offer a full amenity package, state-of-the-art systems, and convenient covered and surface parking at a ratio of 3.5/1,000 rentable square feet (RSF).
“We want to thank the Waltham City Council for this special permit to move ahead with construction of our newest Class office building,” said Z. Alex Tadmoury, interim president and CEO of Hobbs Brook Management. “Hobbs Brook Management has been developing and managing Class A office buildings in Waltham since 1954. This building represents our 16th building in Waltham and brings the total square footage under our long-term ownership in the City to over 2.5 million SF.”
The project is slated to begin by the end of 2018. Hobbs Brook Management, LLC will manage the facility and oversee the construction. Gensler Architects of Boston, Mass has been named the architect, and Charles “Chip” Batchelder, Managing Director of Wyman Street Advisors, has been named the exclusive leasing agent.