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35 Cambridgepark Drive

QurAlis Expands Cambridge Headquarters To 30,000 SF Office At 35 Cambridgepark Drive
LEASEDOffice

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

Carolyn Wheatly

JLL

Broker

1 deal

Broker
JLL
JLLBrokerage
JLL
JLLBrokerage
Scott M. Brinker

Scott M. Brinker

Healthpeak Properties

Landlord

$856M

vol

4 deals

Landlord
Healthpeak Properties
Healthpeak PropertiesLandlord

Cambridge 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