BABSON COLLEGE TO EXPAND ITS BOSTON PRESENCE, RELOCATE TO BOSTON’S FINANCIAL DISTRICT
Babson College, the recognized world leader in entrepreneurship education, is expanding its presence in Boston with the signing of a new lease agreement for 9,000 square feet of Class A space at 100 High Street. The 100 High Street building, located in the heart of Boston’s Financial District, doubles the size of Babson’s footprint in Boston and complements Babson’s educational offerings at its Wellesley, Massachusetts and San Francisco, California campuses.
“Nearly half of all Babson alumni – approximately 16,000 graduates – live or work in Greater Boston, and the eight largest employers of Babson graduates are Boston-based companies,” said Babson College President Kerry Healey. “By more than doubling the size of our Boston space and moving to this more modern and accessible location, we can both attract and educate Graduate students where they work and offer our alumni a convenient and innovative convening space for networking, co-working and much more.”
Babson’s new High Street campus will primarily serve Babson’s top ranked F.W. Olin Graduate School of Business, connecting Babson’s Graduate students to Boston companies, organizations, and business leaders.
“Our new High Street location will make it possible for part-time MBA students to complete their entire degree in Downtown Boston,” said William Lamb, Murata Dean of the Babson’s F.W. Olin Graduate School of Business. “We look forward to expanding our high-quality Graduate program offerings through this larger, amenity-rich location.”
Babson anticipates moving from its current location at 253 Summer Street and officially opening the new Boston site before fall 2016. The new High Street campus will include approximately 7,000 square feet of classroom, meeting rooms, and lounge space on the 12th floor.
The new campus location also features approximately 2,000 square feet of ground floor space along Federal Street, which will provide a window into entrepreneurship in action with events, co-working space, and space to showcase the entrepreneurial activities of Babson students and alumni.
The 100 High Street building is centrally located and faces both High Street and Federal Street, which is the drop-off location for multiple MBTA commuter bus lines and less than a five-minute walk to several T stops on the Red, Orange, and Green lines. Owned by CBRE Global Investors, the 28-story building was renovated in 2015 and features a multi-use tenant lounge with hi-tech conference rooms, free Wi-Fi, coffee bar, and a rooftop deck with city views.
The lease, a 10-year agreement, was brokered by John Boyle and Rebecca Galeota of Cushman & Wakefield who represented the tenant, Babson College, and CBRE New England who represented the landlord.
In addition to providing classroom, convening, and event space for Babson students and alumni, additional possibilities for the new Boston campus include:
- Connecting Babson’s award-winning Foundations of Management and Entrepreneurship (FME) program to Boston-area entrepreneurs and non-profit organizations;
- Hosting lectures and workshops conducted by Babson’s Stephen D. Cutler Center for Investments and Financewith the city’s major investment and finance groups; and
- Holding mentoring and other events relating to social innovation and women entrepreneurship run by Babson’s Lewis Institute and its Center for Women's Entrepreneurial Leadership (CWEL). This potentially includes special activities tied to Babson’s Women Innovating Now (WIN) Lab®, the Babson Entrepreneurial Leadership Academy, and the Boston Babson Cup.
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds®. The top-rankedcollege for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value.