Davis Secures Long-term Lease with Cambridge Health Alliance at One Cabot Road
Deal News | Apr 10, 2025 | Davis Cos/The
The Davis Companies, a private equity firm, has secured a fifteen-year lease agreement with Cambridge Health Alliance (CHA) for medical office space at One Cabot Road in Medford, MA. The lease encompasses 56,000 square feet on the second floor, which will accommodate medical offices and ancillary support services. CHA aims to relocate functions from its existing Somerville, MA facility to this new location to serve the growing patient network in Boston's Metro-North region. The office is expected to open by June 2025. One Cabot Road, strategically located near major transportation hubs, offers a suite of amenities to attract tenants in the biotechnology, life science, and advanced manufacturing sectors. The property’s infrastructure is supportive of various needs, including research and development and lab space. Davis's repositioning of the property since 2021 aims to cater to a diverse range of industries, thereby contributing to the region's dynamic business ecosystem.
Sectors
- Real Estate
- Healthcare
- Biotechnology and Life Sciences
Geography
- United States – The activities discussed in the article take place within the United States, specifically in the Boston area.
- Massachusetts – The lease agreement and the One Cabot Road property are located in Medford, Massachusetts, contributing to the state's vibrant healthcare and biotechnology sectors.
Industry
- Real Estate – The article discusses the lease agreement and physical infrastructure of the One Cabot Road property, highlighting its strategic location and amenities to attract and retain tenants.
- Healthcare – Cambridge Health Alliance, a healthcare provider, is expanding its medical office space by leasing a new facility at One Cabot Road to support its growing patient network.
- Biotechnology and Life Sciences – The infrastructure and amenities at One Cabot Road are geared towards attracting biotechnology, life science, and advanced manufacturing companies, indicating a focus on these industries.
Financials
- Fifteen-year lease – The duration of the lease agreement between Davis and Cambridge Health Alliance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Davis Companies | Private Equity Firm | Company | A private equity firm involved in securing a lease agreement for medical office space. |
| Cambridge Health Alliance | Tenant | Company | A healthcare provider leasing space at One Cabot Road to expand its medical services. |
| Rene Kessler | Chief Operating Officer | Person | The COO of Cambridge Health Alliance, who commented on the benefits of the new location. |
| Duncan Gilkey | Senior Vice President | Person | Senior VP at Davis Companies, who highlighted the strategic importance of One Cabot Road. |