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
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