Cushman & Wakefield announced today that the real estate services firm has arranged a 50,000-square-foot (sf) long-term lease at 90 Arboretum Dr., New England’s first mass timber commercial office building.
90 Arboretum Dr. is designed for conventional Class-A office use, but instead of steel and concrete beams, columns and decks, it is constructed of manufactured timber elements, allowing occupants to be surrounded by timber structure. It is located within the Pease International Tradeport in Newington, NH. Construction began in October 2019 and was completed this month.
“90 Arboretum Dr. is truly one of a kind,” said Denis Dancoes, senior director at Cushman & Wakefield. “It is the only significant speculative, non-life science office building built in the northeast during COVID-19 and, despite all odds, has had great success in capturing the market’s attention. We’re thrilled to see superior quality tenants taking an interest in more sustainable, healthy and eco-friendly office space.”
Designed by Boston’s SGA Architects, 90 Arboretum Dr. features exposed timber structure, enormous 9’ 6” high windows and ceiling heights of 14 to 22 feet. The HVAC system is an ultra-modern, all-electric VRV system that is fully exposed above the occupied spaces. The structure encompasses 1,800 cubic meters of timber, representing 1586 tons of stored carbon dioxide. This is equivalent to eliminating the emissions of 465 cars for one year.
“We’re extremely grateful to the state of New Hampshire and Governor Chris Sununu for their help and support during the build out process of this building,” said John Power at Farley White Interests. “Being the first timber office building in New Hampshire required support and adoption of the 2015 version of the International Building Code from the building officials in Newington, Portsmouth and the State Fire Marshal’s office. In order to achieve a Mass Timber structure, our architect, SGA Architects, applied provisions of the 2015 International Building Code to this innovative structure. We also benefitted from the straightforward way the Pease Development Authority handled the approval process. This level-headed approach to business is one of the reasons that Farley White was attracted to investing in New Hampshire. We continue to find that our original optimism was justified.”
The Arboretum Pease office development also provides convenient access to local services, restaurants, hotels and conference centers, with immediate access to I-95, the Spaulding Turnpike and Woodbury Avenue.
A large industrial business will occupy the entire second and third floors of 90 Arboretum Dr.
“I’m incredibly excited that even through tough economic times, New Hampshire continues to grow and attract new business opportunities for our citizens,” said Governor Chris Sununu.
The Cushman & Wakefield team of Denis Dancoes, Thomas Farrelly, and Sue Ann Johnson represented the owner, Farley White Interests, in the transaction. Kent White of the Boulos Company represented the new tenant.
About Farley White Interests
Farley White Interests owns and operates over four million square feet of commercial real estate across New England and Florida. With a dedication to providing the highest-quality service to over 350 tenant customers, Farley White endeavors to go beyond the expected. The company is passionate about its buildings, its customers, and its communities, believing that the quality of a development is fundamental in making it a positive, intrinsic part of the community. Farley White enhances each of its properties with a focus on aesthetic improvement, respect for quality design and craftsmanship, and exceptional property management. By combining these efforts with the fundamental belief that quality matters, Farley White provides its customers with superior workplaces and allows investors to achieve standout returns on investments. For further information, visit www.farleywhite.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
