Renovated by Sasaki, Davenport sells for $79 million
Originally built as a furniture factory in 1860, the Davenport has since been converted to office space and remains an important part of the Cambridge urban fabric. Facing low occupancy in 2008, the owners engaged Sasaki to re-imagine the space for contemporary tenants. Through creative building repositioning, Sasaki transformed the lobby and common spaces—including the outdoor and indoor courtyards—and added a glassy, contemporary conference room for tenants. Sasaki's design maintains the historic character of the original brick and beam structure while incorporating a modern look and feel that appeals to dynamic young companies.
The Davenport is now 95% leased and is home to innovative companies like HubSpot, Sonos, Zipcar, and Atlas Venture. The Davenport was recently purchased by DivcoWest for $79 million—about $357 per square foot.
The Davenport building, located in East Cambridge, Massachusetts, has a proud history as the Davenport/Irving Casson furniture factory and is listed on the National Register. Constructed in the mid-1800s,...