Updated Sep 25, 2026
Blitzy Leases 52,000 Square Feet At One Kendall Square Cambridge From Alexandria Real Estate Equities
1 Hampshire Street
Building Size
52,000 SF
Asset Type
Office
Closing
Sep 24, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 1 Hampshire Street in Cambridge, MA. The lease covers a total of 52,000 rentable square feet within the One Kendall Square building, managed by Alexandria Real Estate Equities Inc.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Peter M. Moglia - Alexandria Real Estate Equities Inc
- Tenant: Blitzy
- Broker: Bryan Sparkes - JLL
- Lease Duration: Five years
- Move-in Date: Q2 2027
- Build-out Size: 39,000 square feet
Peter M. Moglia represents the landlord, ensuring that Alexandria Real Estate Equities Inc's interests are upheld in this leasing agreement. Bryan Sparkes serves as the broker for the transaction, facilitating the agreement between the landlord and tenant.
On the Map
Office
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Players
Hampshire 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