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News: Front Section
Posted: February 8, 2019
Brinch and Christensen of CBRE rep. Pappas Props. in 37,500 s/f lease
Boston, MA According to CBRE, Akouos is relocating their headquarters to Pappas Commerce Center located in the city’s Seaport District. Akouos—a biotech company—will take 37,500 s/f of lab space on the second floor at 645 Summer St. Akouos joins 908 Devices Inc. at the building.
CBRE’s Adam Brinch and Meredith Christensen represented the owner, Pappas Properties, as the exclusive leasing agents for the property. CBRE’s Carolyn Wheatley represented Akouos.
645 Summer St. is part of a multi-building complex known as Pappas Commerce Center located in the Seaport District. The flex building is designed to meet the expectations of the city’s new economy. With a significant influx of high-profile companies looking for next-generation flex space, 645 Summer St. can accommodate both office and light lab tenants.
“Boston’s new economy requires a different type of building as innovative companies look for hybrid lab/office space,” said Pappas Properties’ Andrew Pappas. “We have created a building unlike any other in Boston.”
645 Summer St. is the city’s newest waterfront flex property and positions a classic mid-century building to satisfy modern needs. The fully renovated 150,000 s/f office/flex/lab complex offers space unlike any other in the greater metro area. The two-story building benefits from 75,000 s/f floor plates, 15’ ceilings and floor-to-ceiling glass with views of the skyline and harbor.
645 Summer St. provides large column spacing, all new infrastructure and a brand-new contemporary design with an unbelievable branding opportunity. The property offers multiple on-site amenities including an enclosed rooftop meeting area, shuffle board courts, first-floor cafe, showers and locker rooms. Additionally, the property boasts a high on-site parking ratio in addition to bike parking. 645 Summer St. is within walking distance to the MBTA Silver Line and bus routes. 645 Summer St. presents the opportunity to lease flex space in an unmatched, supply-constrained market exhibiting ultra-low vacancy rates.
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