BOSTON– The Davis Companies announced that FareHarbor, a technology and software company focused in the travel industry, has leased 11,838 square feet of office space at 115 Fourth Avenue in Needham, MA.
Founded in 2013, FareHarbor was acquired by Booking Holdings (NASDAQ: BKNG) in 2018.
Located 20 minutes from Boston off Route 128 (I-95), the newly renovated Fourth Avenue property is a boutique office and lab building that is close to scenic walking trails along the Charles River and provides quick access to the Highland Avenue/Needham Street retail district. Tenants can also take advantage of health and wellness recreational activities nearby, such as canoeing or kayaking at Nahanton Park across the river. The property features abundant onsite parking and has been transformed by the addition of building features and upgrades, including a new tenant lounge with TVs, soft seating, a LeanBox and a Bevi station, as well as a new fitness center and outdoor patio.
The building’s remaining vacancies include 5,067 square feet of move-in-ready office space, as well as a 36,000-square-foot life science suite improved with lab and vivarium as density concerns in Cambridge push budding life science companies to nearby suburbs.
“Needham is an attractive market for office and lab space today more than ever due to its Route 128 access and its proximity to desirable work, play and living spaces.” said Matt Katz, Vice President of Asset Management at The Davis Companies. “With growing retail, restaurant and recreation options, the location offers so much to our tenants and their employees, with the recent upgrades to the property completing the package.”
“We’re thrilled to see FareHarbor choose 115 Fourth Avenue as its new home,” said Rob Byrne, Managing Director at Cushman & Wakefield. “FareHarbor joins fellow tenants Cantel Medical, BioPorto and Syniti (formerly known as Back Office Associates). In its premier location, this building is extremely desirable for the tenants’ employees and clients.”
With the addition of FareHarbor to Cantel Medical, BioPorto, and Syniti, new office leases at 115 Fourth Avenue totaled more than 48% of the building’s rentable space and over 39,000 square feet since 2019.
Cushman & Wakefield’s team of Rob Byrne, Elizabeth Swanson and Ross Gaudet represented the landlord, DIV Needham 115 LLC, an affiliate of The Davis Companies and Marcus Partners. Richard Levine of CBRE, Inc. represented the tenant.