H
obbs Brook Real Estate (HBRE) announced that Eastern Bank will occupy a significant portion of The Edge Campus at 601 Edgewater Drive in Wakefield, MA. The financial services firm has signed a new lease for 51,751 square feet and plans to move in by Q3 2025.
This deal marks a major milestone for the campus, solidifying HBRE's commitment to investing in its assets. As part of this effort, renovations are underway at both 601 and 701 Edgewater Drive. At 601, a full-service café will be created, along with an upgraded fitness center and outdoor space. The state-of-the-art conference center at 701 will feature multiple breakout rooms.
Eastern Bank, founded in 1818, is Greater Boston's leading local bank and largest independent investment advisor in Massachusetts. They provide comprehensive banking and wealth management solutions to consumers and businesses across eastern Massachusetts, New Hampshire, Rhode Island, and Connecticut.
The Edge Campus, a nearly one million-square-foot office park, features amenities such as a fitness center, café, tenant engagement app, and parking garage with EV charging stations and solar arrays. The property is situated next to a 540-acre conservation marshland, offering stunning views of the ponds, marsh, and campus gardens.
Newmark represented HBRE in this transaction, while Cushman and Wakefield represented Eastern Bank. This lease brings Hobbs Brook Real Estate's total new leases and renewals at the Edge Campus to 130,554 square feet in 2024, a record milestone for the region.
