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HubSpot signs lease to keep growing in East Cambridge

Posted by Scott Kirsner  May 15, 2013 03:34 PM

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One of Cambridge's fastest-growing companies just inked a deal to keep its headquarters located in a one-time furniture factory built in 1860.

HubSpot, which sells software to help clients manage their digital marketing efforts, will more than double in size at the Davenport Building on First Street in East Cambridge, leasing about 117,000 square feet there as other tenants like Zipcar move out. Most of the new space won't be available until later in 2013. (Zipcar, now part of Avis, is heading to the Fort Point Channel neighborhood in Boston.)

With about 450 employees in Cambridge and a new European office in Dublin, HubSpot is typically listed as one of a half-dozen tech companies most likely to go public in the next 12 months. Its current digs at the Davenport fill about 50,000 square feet.

HubSpot chief operating officer JD Sherman writes via e-mail, "HubSpot's deal with the Davenport should allow us to stay in the same location for the next three to four years, which we are really excited about. We've always believed in creating an office and a culture that employees truly love, and the space, access to public transportation, and proximity to top-tier universities and tech companies make East Cambridge an ideal fit for a rapidly growing company like ours."

The building's owner is DIVCO West, which paid $79 million for the Davenport last year. T3 Advisors represented HubSpot on the deal. Here's a piece from 2010 on the design of HubSpot's HQ.

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Scott Kirsner was part of the team that launched Boston.com in 1995, and has been writing a column for the Globe since 2000. His work has also appeared in Wired, Fast Company, The New York Times, BusinessWeek, Newsweek, and Variety. Scott is also the author of the books "Fans, Friends & Followers" and "Inventing the Movies," was the editor of "The Convergence Guide: Life Sciences in New England," and was a contributor to "The Good City: Writers Explore 21st Century Boston." Scott also helps organize several local events on entrepreneurship, including the Nantucket Conference and Future Forward. Here's some background on how Scott decides what to cover, and how to pitch him a story idea.

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