Hobbs Brook Management LLC, a commercial property management and development firm specializing in leasing, construction and development of Class A office space, announced today that it has been granted a special permit by Waltham City Councilto build a new four-story 507,000 SF Class A office building with a new parking garage within the Hobbs Brook Office Park in Waltham, Mass. Anticipating completion in 2021, the new building will be the largest contiguous Class A office building constructed along the Route 128 “technology belt” in Massachusetts and will feature office and/or research laboratory space.
The site, located immediately off Route 128, will allow Hobbs Brook Management to create a more dynamic office environment while offering easy on and off direct access to both the North and South bound directions on Route 128. The new building at 225 Wyman Street will be designed to meet LEED Silver certification and it will offer a full amenity package, state-of-the-art systems, and convenient covered and surface parking at a ratio of 3.5/1,000 rentable square feet (RSF).
“We want to thank the Waltham City Council for this special permit to move ahead with construction of our newest Class office building,” said Z. Alex Tadmoury, interim president and CEO of Hobbs Brook Management. “Hobbs Brook Management has been developing and managing Class A office buildings in Waltham since 1954.This building represents our16th building in Waltham and brings the total square footage under our long-termownership in the City to over 2.5 million SF.”
The project is slated to begin by the end of 2018. Hobbs Brook Management, LLC will manage the facility and oversee the construction. Gensler Architects of Boston, Mass has been named the architect, and Charles “Chip” Batchelder, Managing Director ofWyman Street Advisors, has been named the exclusive leasing agent.
About Hobbs Brook Management LLC
Because the most valuable thing they develop is a relationship, Hobbs Brook Management focuses its efforts on satisfying the individual needs of customers that lease within their parks. A service-oriented provider of Class A business solutions to companies large and small, Hobbs Brook builds sustainably, maintains an on-site facilities management staff, and develops or renovates projects for energy efficiency, LEED certification, and the preservation of the local environment. With portfolios in Massachusetts, Rhode Island, Georgia, Illinois and shortly Singapore, Hobbs Brook offers competitive amenities, on-site catering and dining facilities, fitness centers, and a full-service conference center available to tenants and the public. Hobbs Brook enjoys a steady occupancy rate in the 90th percentile. For leasing options or additional information, please visit www.hobbsbrook.com.
