Another Cambridge Crossing Lab Building Fully Leased
With an additional 113,000-square-foot commitment, Bristol Myers Squibb has spoken for all of the office-lab space in DivcoWest’s 250 Water St. development at Cambridge Crossing.
With an additional 113,000-square-foot commitment, Bristol Myers Squibb has spoken for all of the office-lab space in DivcoWest’s 250 Water St. development at Cambridge Crossing.
Developer DivcoWest has received $433.8 million in construction financing for a pair of new buildings at Cambridge Crossing, including a 479,000-square-foot speculative office, lab and retail building on parcel EF.
After attracting Philips North America as anchor tenant for its 250 North St. office building at Cambridge Crossing, developer DivcoWest is beginning construction of a 500,000-square-foot office-lab building to meet the strong demand for commercial space in East Cambridge.
Just three months after announcing a new 243,000-square-foot headquarters for 2,000 employees at Cambridge Crossing, Philips North America is reportedly committing to nearly 100,000 square feet more in the speculative development.
A 243,000-square-foot lease by Philips North America will anchor the first commercial building at the 45-acre Cambridge Crossing development, with plans for more than 2,000 employees to occupy a new North American headquarters under construction on the Cambridge-Somerville border in 2020.