Cogent Biosciences Leases 31,518 Square Feet At BXP's 180 CityPoint In Waltham MA
180 Third Avenue
Building Size
31,518 SF
Asset Type
Office
Closing
Oct 1, 2025
AI
The property asset involved in this transaction is located at 180 Third Avenue in Waltham, MA. It consists of office space totaling 31,518 square feet. The transaction encompasses a lease agreement for the establishment of a new corporate headquarters.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 180 Third Avenue
- Market: Waltham, MA
- Landlord: Owen D. Thomas - BXP
- Tenant: Andrew Robbins - Cogent Biosciences
- Landlord's Representative: Casey Torto & Pat Mulvihill - BXP
- Tenant's Representative: Kevin McNamara, Thomas Ashe, Michael O’Leary & Ross Gaudet - Cushman & Wakefield
Cognent Biosciences signed the lease for the office space at BXP’s 180 CityPoint, with Cushman & Wakefield representing Cogent in the transaction. BXP handled the leasing internally.
Players
Waltham 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93