Technology-driven real estate platform Compass announces it is moving its Cambridge operation to 1073 Massachusetts Avenue. The new space will better accommodate Compass’s growing number of agents and staff in the region and will replace Compass’ previous Cambridge presence in Harvard Square at 1 Mifflin Place.
“We are excited to announce that Compass has more than doubled the size of our Boston & Cambridge team since moving into our first office in January,” said Jeffrey Heighton, Compass Massachusetts Regional Vice President. “We anticipate further growth in the coming months and are thrilled to have found a home to help us better serve the Cambridge market.”
The company has performed remarkably since entering the Boston market. Compass Boston has the highest sold-to-list price ratio and the lowest days on market of any brokerage in the Greater Boston area. Compass Boston currently has 36 agents in total, and the founding team of the Cambridge office, consisting of John Petrowsky and Christian Jones, experienced Q1 closed sales totaling $11,190,500 – their highest in five years.
In addition to its Cambridge outpost, Compass’s flagship Boston office, located at 126 Newbury Street, will be home to a combination of engineers, top agents, and regional business associates.
Compass’s proprietary technology brings actionable intelligence and transparency to real estate, empowering both the consumer and the agent to make decisions smarter and faster. The company continues to create tools within a mobile workspace that saves agents and clients hours of time by reducing reliance on multiple platforms, bringing greater efficiency to the process of finding a home. As a testament to its efficiency, the company’s mobile app is the #1 downloaded and top rated real estate app in New York.
In total, Compass has raised $135 million in investor funding, more than any other residential brokerage in the country, from key investors including Institutional Venture Partners, Thrive Capital, Founders Fund, 406 Ventures, Advance Publications, Inc., Kenneth Chenault, CEO of American Express and Marc Benioff, Founder and CEO of Salesforce.com.
About Compass:
Compass is a technology-driven real estate platform dedicated to creating a seamless and intelligent home buying, selling, and renting experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. Compass has locations in New York City, Los Angeles, Santa Barbara, Washington DC, Boston, Miami, the Hamptons, and Aspen, and has raised $135 million in investor capital. For more information on Compass, and to view more than $4 billion in exclusive Compass properties, visit www.compass.com
