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Urban Spaces Pre-Leases 50K SF to CarGurus at Cambridge MXU
CarGurus, Inc., leased the entire office component of Urban Spaces’ 121 First in East Cambridge/Kendall Square in Cambridge, MA. The global online automotive marketplace committed to the mixed-use development currently under construction and expected to be completed this summer.
Urban Spaces’ Paul Ognibene says, “When we decided to develop this building on spec, we knew there would be strong tenant demand for office space along the First Street Corridor, given its location within walking distance to both the MBTA’s Red Line / Kendall and Green Line / Lechmere stops.”
121 First is a key component of a $200-million development by Urban Spaces that will include roughly 250 apartments, 50,000 square feet of office space, 50,000 square feet of retail, 250 parking spaces, as well as a half-acre open-air green space.
CBRE’s Nat Kessler and Adam Brinch represented the tenant. JLL’s Peter Bekarian led a team that advised the landlord.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Lease