Photo courtesy of The Davis Cos.

What: One Cabot Road
Where: Medford
Owner: The Davis Cos.
Built: 1988 

A data company that works with life science companies on clinical drug trials is relocating from Charlestown’s Hood Park to Medford’s One Cabot Road, leasing 41,000 square feet at the 309,000-square-foot office complex. 

Philadelphia-based ERT joins an expanding tech cluster across from Wellington station on the MBTA’s Orange Line. The Davis Cos. of Boston acquired One Cabot Road in 2015 for $53 million and has attracted new tenants including Amazon, iHeartMedia and Global Contact Services. 

A capital improvement program designed by McMahon Architects including a lobby renovation, new coffee bar and updated lounge areas is scheduled for completion this summer. 

Debra Gould, Rory Walsh and Juliette Reiter of Newmark Knight Frank represented The Davis Cos. ERT was represented by Jeff Baker and Matt George of Cresa. 

They Said It: 

“We are seeing increasing demand from high-tech tenants for transit-oriented, amenity-rich office space with easy access to Boston’s urban core. One Cabot features 77,000-rentable-square-foot floor plates in a 4-story building, complete with multiple lobby entrances, making it easy and safe for tenants to access their space while complying with social distancing measures.” 

 — Duncan Gilkey, senior vice president, The Davis Cos. 

Hot Property: One Cabot Road

by Banker & Tradesman time to read: 1 min