A company that works to improve health services in third world countries is moving its offices from Cambridge to Medford, officials announced Tuesday.
Management Sciences for Health will be moving into 40,000 square feet of office space in the Rivers Edge office building at 200 Rivers Edge Drive off of Commercial Street.
The 115,000-square-foot building that sits near the banks of the Malden River was opened in 2010, and with Management Sciences for Health moving in, it is now at 100 percent occupancy, Mayor Michael McGlynn said Tuesday. It joins pharmaceutical research company Progenika, Marriott and Aetna Student Health among tenants of the building.
"And now that this building is full, we are talking with [the developer] about another building," McGlynn said.
The property is owned by John Preotle, who cleaned up the area that was designated a Brownfields site, and stuck with the project through the economic recession, McGlynn said. Preotle told him he plans to construct another building on the site, though it is not known yet whether it will be office space or apartments, McGlynn said. A 222-unit apartment complex sits next to the office building, which was developed by Preotle then sold to Criterion Development Partners.
McGlynn was joined by local officials and Secretary of Housing and Economic Development Greg Bialecki to announce Management Sciences for Health's move to Medford Tuesday.
Although Cambridge is losing the company to Medford, Bialecki said companies moving from Boston and Cambridge to other communities in Massachusetts is good for the state as a brand.
"We have to make sure people don't think of only Boston and Cambridge as the places of innovation," he said.
He also credited Preotle for sticking with the project through the recession.
"We talk a lot about public-private partnerships," he said. "The moment there is a downturn you find out who your real partners are."
Preotle was out of the country and not on hand for the announcement. Jono Quick, president of Management Sciences for Health, was also out of the country, McGlynn said.
Standing in the second floor of the Rivers Edge office building and looking out to the Malden River, State Rep. Paul Donato marveled at how far the area had come from the 1970s and 80s, when it was an overgrown field full of rusted metal, much of which found its way into the river.
"It was very difficult to envision this area would ever become this milestone of development," he said.