Construction Begins on Exchange 200

| August 6, 2019

Rendering of Exchange 200

Boston, MA – Boston-based real estate developer Berkeley Investments has confirmed that construction has begun on Exchange 200, a four-story, 300,000 plus square-foot mixed-use building in Malden.

Working closely with the city of Malden, Berkeley is transforming the transit-oriented property located in the heart of Malden Center into a modern facility that can accommodate new creative office and flex/R&D space, data center, potential lab and life science users, and ground-floor retail and restaurants.  Caffè Nero, the premium European coffee house, will occupy over 2,500sf of space on the building’s ground floor, including outdoor patio seating.
Exchange 200 offers a number of unique features for a building immediately adjacent to public transit and less than 15 minutes from downtown Boston including large, flexible floorplates, redundant high-capacity power infrastructure, high ceilings, heavy floor loads, and six loading docks.

Exchange 200 rendering

Construction will include a comprehensive redevelopment of the existing building, which served for many years as a bank operations center. The project will include extensive replacement of the red-brick façade with floor-to-ceiling glass and retail storefronts to increase natural daylighting within the building, enhance the exterior design, and create a much more inviting street experience.

The building’s base building infrastructure will be thoroughly replaced with efficient, modern systems. Additional features of the redevelopment include a new two-story lobby atrium intended to create a welcoming, dynamic entrance; a skylight to enhance natural light on the top floor; and new amenities including a state-of-the-art fitness center with lockers and showers, and extensive bike storage.
JLL is serving as the exclusive leasing broker for the office, R&D, and data center space. Stantec is the architect for the redevelopment of Exchange 200, while Dellbrook JKS is general contractor. Project financing is being provided by DeutscheBank with additional financing from The Arden Group.

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Category: All, Mixed-use

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