Phase One of 100 Cambridge Park Renovation Completed

The Roseview-PMRG Fund I acquired the 135,572-square-foot office asset in Dec. 2014 for $41.5 million.

Boston—Roseview-PMRG Fund I, a $250 million discretionary fund formed by PMRG and The Roseview Group, announced that it has completed the first phase of a $2 million renovation of 100 Cambridge Park Drive in Cambridge, Mass. The fund acquired the 135,572-square-foot office asset in Dec. 2014 for $41.5 million.

100 Cambridge Park Drive, Cambridge, Mass.

100 Cambridge Park Drive, Cambridge, Mass.

The building underwent extensive renovations including improvements to the common areas on the first, second, third and fifth floors, upgrades to the lobbies, restrooms, corridors and elevators, the addition of a pulp glass wall system and custom wooden identity walls and upgrades to the mechanical, electrical, plumbing and fire protection systems.

“With the improvements complete, 100 Cambridge Park Drive provides its tenants with an even better workplace experience,” said Steve Corridan, managing partner of The Roseview Group, in prepared remarks. “We also believe that this asset is now poised to attract new tenants that are seeking a high-profile office environment featuring an ideally located and prestigious Cambridge address.”

Built in 1990, the five-story, Class A property offers amenities including a state-of-the-art fitness center, an on-site childcare center and a full-service Whole Foods Café. The building is home to numerous high-profile firms including Cambridge Bank, Modo Labs, Cambridge Systematics and ICF International.

Integrated Builders acted as general contractor for the project. PMRG’s Boston office in currently managing the property, while leasing is being handled by Ben Coffin and Brian Flaherty of JLL.

Image courtesy of Yardi Matrix