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640 Memorial Drive

Terrain Bio Leases 14,000 Square Feet Office Space At 640 Memorial Drive In Cambridge
LEASEDOffice

Terrain Bio Leases 14,000 Square Feet Office Space At 640 Memorial Drive In Cambridge

640 Memorial Drive

Building Size

14,000 SF

Asset Type

Office

Closing

Aug 11, 2025

AI

The property involved in this transaction is located at 640 Memorial Drive in Cambridge, MA. It is an office asset with a total square footage of 14,000. The landlord for this lease is Neil Fox, representing Phase 3 Real Estate Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 640 Memorial Drive
  • Market: Cambridge, MA
  • Landlord: Neil Fox - Phase 3 Real Estate Partners
  • Tenant: Chetan Tadvalkar - Terrain Bio
  • Landlord's Representative: CBRE
  • Tenant's Representative: Colliers

Terrain Bio is set to move into their new 14,000-square-foot headquarters at the Genesis 640 Memorial Drive location, transitioning from its previous nearby office space. The lease was facilitated by CBRE for the landlord, while Colliers represented the tenant, Terrain Bio. The specific occupancy date has not been disclosed.

Players

Colliers
ColliersBrokerage
CBRE
CBREBrokerage

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