Boston – Boston-based real estate developer Berkeley Investments confirms that Starbucks will open its first-ever location in Malden, Mass. this fall at Exchange 200, a four-story, over 300,000sf mixed-use building directly across from the Malden Center MBTA Station.
Berkeley recently completed a comprehensive redevelopment and repositioning of Exchange 200, with the building now featuring commercial space focused on life science users and office/R&D companies, along with ground-floor retail space. This new Starbucks location will occupy more than 2,500sf of space on the building’s ground floor at the corner of Commercial and Exchange Streets and will also offer outdoor patio seating. Starbucks will join 110 Grill and Evviva Trattoria, two full-service restaurants that opened at the building earlier this summer.
Pat Paladino, senior managing director of Newmark, represented Berkeley Investments in the transaction; Ben Ravelson and Steve Menty of Atlantic Retail represented Starbucks.
“Through our redevelopment of Exchange 200, Berkeley’s vision has been to create a dynamic new hub for innovation in Greater Boston, attracting companies to Malden across fields such as life sciences and R&D,” notes Dan McGrath, senior vice president of Berkeley Investments. “Malden offers these businesses a built-in, talented local workforce and great transit access, and with the addition of Starbucks and two new restaurants, Exchange 200 continues to position itself as an exciting, amenity-rich location for these innovative companies to call home.”