Bulfinch Lands CDM World Headquarters for $52 Million Cambridge Place Office Park.CAMBRIDGE Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. , Mass.--(BUSINESS WIRE)--Nov. 23, 1998--Thomas D. Furman Furman may refer to the following: Places:
2. CDM - Code Division Multiplexing "), one of the world's leading consulting, engineering, construction and operations firms, and Eric D. Schlager, Chief Executive Officer of the The Bulfinch Companies, Inc., a Needham based real estate development and investment firm, announced today that CDM will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its world headquarters to Bulfinch's Cambridge Place project from CDM's current location in nearby Cambridge Center Cambridge Center is a development complex located in the lower section of Cambridge, Massachusetts, along Broadway and Main streets. The project was started in 1979 and continues in progress to this day. . Cambridge Place is a 314,000 square foot office park presently under development on Broadway in the heart of Kendall Ken·dall , Edward Calvin 1886-1972. American biochemist. He shared a 1950 Nobel Prize for discoveries concerning the hormones of the adrenal cortex. Square in East Cambridge. With CDM's signing, the Cambridge Place development is now 70% leased. CDM, which has more than 90 offices and employs over 2,500 people worldwide, including over 600 employees in the City of Cambridge Cambridge can refer to three cities:
Construction began on One Cambridge Place in late July and is expected to be completed during the first quarter of 2000. One Cambridge Place will be a nine-story, 180,000-square foot, Class A office building with a 221 space parking garage. CDM will occupy 100% of the office space. One Cambridge Place also includes ground floor retail space, a portion of which will be leased to Atasca, a Cambridge restaurant. Two Cambridge Place, an existing 39,000 square foot building, built in the early 1900's, is undergoing an extensive renovation and will be occupied by a Cambridge-based pharmaceutical company, Variagenics, Inc. Bulfinch expects to begin construction of Three Cambridge Place, a 95,000 square foot Class A office building with a 100 space parking garage, located across Broadway from the other two buildings next year. "Although no tenants have been signed for Three Cambridge Place, there has been substantial interest, both from existing Cambridge-based firms as well as firms seeking to relocate to the city. We are confident that Cambridge Place will be one of the most attractive and desirable developments in the City of Cambridge," said Robert Schlager, President and Director of Leasing for Bulfinch. Acquisition and construction financing for the project is being provided by KeyBank. Architect for Cambridge Place is ADD Inc. Founded in 1936, The Bulfinch Companies, Inc. is a real estate investment firm specializing in the development, acquisition, management, ownership, and leasing of office, industrial, and R&D properties in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and the Southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As of June 30, 1998, Bulfinch owned properties located in 10 states representing over 3,000,000 square feet. Now in its third generation, Bulfinch is owned and operated by the Schlager family. |
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