10 Leases Brings Riverfront Park To 75% Occupancy

CAMBRIDGE, MA-Ten new tenants are added to the Riverfront Office Park roster. Together they fill a total of 94,000 sf of office space in the two-building Cambridge park.

Mark Winters, executive director with Cushman & Wakefield, tells GlobeSt.com that the lease up of the office park, which was purchased in January by Rreef, illustrates a continued trend in the marketplace of tenants upgrading their facilities. “Rreef has been very aggressive in trying to make deals to increase the occupancy of the buildings. They’re being very responsive to the market.” The 663,721-sf property is now 75% occupied, up from 70% when it was purchased.

The two-building complex is comprised of an 18-story building at 101 Main St. and a 12-story structure at One Main St. The largest transaction has been the One Main St. lease of 38,211 sf to CSG Software. Chris Crooks, Adam Subber and Dan Sullivan of Cresa Partners represented the tenant. Other tenants who have signed on for space include Mathsoft, Benchmarking Partners, Fidelity Biosciences, Effective Educational Technologies, Norwich Ventures and Lyme Properties. Handling the negotiations for the buildings owner in all of the transactions were Winters along with Dave Townsend and Juliette Reiter, also with Cushman.