Cervello Inc Leases Office Space At Seaport West Boston From Pembroke
155 Seaport Blvd
$60
$60/SF
Building Size
11,769 SF
Asset Type
Office
Closing
May 1, 2023
AI
Data and analytics consulting firm Cervello Inc has signed a five-year lease for an office space located at 155 Seaport Blvd in Boston, MA. The space, measuring 11,769 sq ft, is situated at Seaport West, which is owned by Pembroke. The lease transaction was finalized on May 1, 2023.
Summary of transaction details
- Property Type: Office
- Transaction Date: May 1, 2023
- Address: 155 Seaport Blvd, Boston, MA
- Market: Boston, MA
- Landlord: Pembroke - Kristan McLaughlin
- Tenant: Cervello Inc - Kerry Veitch
- Landlord's Representative: Bill Anderson, Tim Bianchi, Deb Gould, & Mel Cersosimo - Newmark
- Tenant's Representative: Adam Schneier - Colliers
- Asking Rent: $60/ft.
Pembroke, the landlord, is currently undertaking a comprehensive renovation of the ground floor at Seaport East to enhance the experience for tenants and guests. The renovations include the addition of a new café, winter garden, and conference space, creating a more welcoming atmosphere.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93