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180 Third Avenue

Cogent Biosciences Leases 31,518 Square Feet At BXP's 180 CityPoint In Waltham MA
LEASEDOffice

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

Kevin McNamara

Cushman & Wakefield

Broker

$18M

vol

2 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Owen D. Thomas

BXP

Landlord

$2B

vol

19 deals

Landlord

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