QurAlis Expands Cambridge Headquarters To 30,000 SF Office At 35 Cambridgepark Drive
35 Cambridgepark Drive
Building Size
30,000 SF
Asset Type
Office
Closing
Jun 18, 2025
AI
The asset involved in the lease transaction is an office property located at 35 Cambridgepark Drive in Cambridge, MA. The total square footage of the property is 30,000, which has been leased by QurAlis, allowing for the expansion of their headquarters and the addition of lab space to support ALS research.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 35 Cambridgepark Drive
- Market: Cambridge, MA
- Landlord: Scott M. Brinker - Healthpeak Properties
- Tenant: Kasper Roet - QurAlis
- Brokers: Carolyn Wheatly & Marc Consalvi - JLL
Scott M. Brinker represents Healthpeak Properties as the landlord in this lease transaction. The tenant, Kasper Roet, represents QurAlis, which has doubled its office space as part of broader development plans in the Alewife area, amidst high lab vacancy and neighborhood rezoning efforts.
Players
Cambridge Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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