Akamai Pre-Leases 468 KSF Boston Office Tower
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Akamai Technologies Headquarters, courtesy of Akamai
Boston—Akamai Technologies Inc. went looking for a new headquarters location in its hometown of Cambridge, Mass., and the company just found it. Akamai has pre-leased 145 Broadway, a 468,000-square-foot office project to be developed by Boston Properties in the city’s Kendall Square neighborhood. The project cost: approximately $517 million, as noted by Boston Properties CEO Owen Thomas during the REIT’s third quarter earnings call on Oct. 28.
It’s not that good space is hard to find in Cambridge; any space is hard to find in the coveted submarket. “The Cambridge office market is essentially full,” according to a third quarter report by commercial real estate services firm Colliers International. “Tenants continue to fight for space, as the few options that remain are flying off the market.”…
