CIDC is moving to larger space in Cambridge
Cambridge Interactive Development Corp., or CIDC, is moving its headquarters to larger space in Cambridge, a broker involved in the transaction said today.
The broker, Boston real estate services firm Richards Barry Joyce & Partners LLC, said that CIDC, a software development company, has signed a lease for nearly 55,000 square feet of space at 150 CambridgePark Drive (photo above), which is near the Alewife MBTA station.
CIDC is relocating its operations from nearby 100 CambridgePark Drive, where the company currently occupies 30,000 square feet of space, said Richards Barry Joyce, which added that the Archon Group is the landlord of CIDC's new space.
Headquartered in Texas and with an office in Boston, the Archon Group is an international commercial real estate investment management and mortgage loan company; it is a wholly owned subsidiary of the Goldman Sachs Group Inc. of New York, a global investment banking firm.
“CIDC is a very exciting Cambridge company, and their significant expansion into a new office is a positive indicator of their success and forward motion,” Jonathan Varholak a partner at Richards Barry Joyce, said in a statement.
CIDC is a wholly owned subsidiary of Giga Media Ltd. of Taiwan, a provider of online entertainment and software services.
(By Chris Reidy, Globe staff)
