Paradigm scores Cambridge tenants

Lease transactions account for nearly 50% of building's space

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Paradigm Properties recently leased 100,000 square feet of office space to six tenants at 25 First St. in Cambridge, Mass. The total value of the transactions was not disclosed. The Davenport Building is a 220,750-square-foot, four-story, "brick & beam" office building located at 25 First St. It is owned by IBUS and managed by Paradigm Properties. Cambridge-based Sapient Corp., a business consulting and technology services company, is moving back into the property with a four-year, 28,000-square-foot lease for space on the fourth floor. The company is relocating to the building instead of renewing its lease at One Memorial Drive. Richards Barry & Joyce represented the client, and Paradigm Properties represented the building. Cambridge-based ProfitLogic, a provider of analytical solutions to retail corporations, expanded and extended its lease for 22,604 square feet of space on the third floor of the building. Richards Barry & Joyce represented the client, and Paradigm P...