Exchange 200 Development Complete In Former Malden Center Bank

MALDEN, MA — The redevelopment of Exchange 200, a four-story, 310,000-square-foot mixed-use building in Malden Center is now complete, developer Berkeley Investments announced Thursday. Working closely with the city of Malden, architectural firm Stantec and builder Dellbrook JKS, Berkeley transformed the transit-oriented property across from the Malden Center T stop into a modern innovation hub.

The building can now provide modern lab space to the life sciences sector, accommodating a range of lab, R&D/flex and office users.

"I could not be more pleased with the exterior renovations of Exchange 200 and I thank Berkeley Investments for their vision and efforts," Mayor Gary Christenson said in a statement. "Our team continues to work hard to create employment opportunities in the life sciences for our residents and I have no doubt that some of the best companies in the region will be clamoring to lease space in this building."

Berkeley's investment in the property, which previously served as a bank operations center, include a complete replacement of all systems, with advanced new HVAC and mechanical infrastructure, a new façade of floor-to-ceiling glass, a new two-story atrium lobby and an assortment of new amenities, including a fitness center, locker room/showers and bike storage.

In addition, Exchange 200 offers a number of unique features that will appeal to prospective life sciences and lab tenants, such as "large, flexible floor plates, high-capacity power infrastructure, the option of having redundant power, high ceilings, heavy floor load capacities, and six loading docks with secure, private load-in," Berkeley Senior Vice President and Director of Asset Management Dan McGrath said.

The redevelopment of Exchange 200 also replaced the brick façade with floor-to-ceiling glass storefronts, creating nearly 15,000 square feet of new retail space. To date, Berkeley has signed leases with European coffeehouse Caffè Nero and restaurants 110 Grill and Evviva Trattoria to occupy space on the first floor, which will also include outdoor patio space.

"Exchange 200 provides these characteristics in close proximity to the urban core, with extensive transit options in the form of the Orange Line, commuter rail, and bus service, but at a significant value compared to the rents companies will face in Boston or Cambridge," McGrath said. "We’re incredibly excited to launch the new Exchange 200 to the market. The building’s amenities and its desirable location across the street from the MBTA Orange Line will be a huge draw for forward-thinking, creative companies who crave a dynamic urban experience."