In addition to the 2,000 jobs and new commercial tax revenue that Philips will bring to Cambridge and Somerville, the latter will also benefit from payments from DivcoWest for jobs linkage to support job training and other workforce development efforts, and for housing linkage to support the creation of affordable housing. In addition, we will be better able to expand our work with the amazing Cambridge and Boston Healthcare innovation and start-up community that will help us to co-create the solutions needed to drive real change in the healthcare industry. Enter a service request via Commonwealth Connect for things like missed trash pickups, potholes, etc., click here, Page was last modified on 2/18/2020 11:23 AM. We are a health technology company focused on improving people's health and well-being. The transaction encompasses 243,000 square feet at 250 North St. and is the first office lease at the 430,000-square-foot property. SOMERVILLE – The C ities of Cambridge and Somervill e announced today that international health technology leader Philips will move its North American headquarters to Cambridge Crossing in 2020. "In addition, we will be better able to expand our work with the amazing Cambridge and Boston Healthcare innovation and start-up community that will help us to co-create the solutions needed to drive real change in the healthcare industry. “We are excited to welcome Philips’ innovations and commercial division to our vibrant life sciences community,” said Cambridge City Manager Louis A. DePasquale. The Cambridge Crossing location is closer to hospitals, health systems, and research and academic institutions that Philips partners with, as well as startups in the region. All square footages and dimensions are approximate and subject to normal construction variances and tolerances. Philips NV said it will lease about two-thirds of a 430,000-square-foot office and lab building at Cambridge Crossing for about 2,000 employees. “Philips is one of the most respected brands in the health technology industry. DivcoWest has a longstanding history of investing primarily in properties that serve the innovation markets of the economy, seeking to capitalize on DivcoWest’s extensive network of relationships within the markets for which the company has served over the last 25+ years. The Cities of Cambridge and Somerville are both members of the Life Sciences Corridor, a network of five adjoining communities that together host more than 700 life science and biotech companies along the MBTA’s redline. We look forward to working with the Philips employees, the City of Somerville, and the Commonwealth to support the company’s transition into their new home in Cambridge Crossing.”, “Philips North America’s decision to move to Cambridge Crossing right next to the relocated Lechmere T-stop—the first of seven new Green Line stations to come— is a great example of the strength of a regional approach to development and our shared commitment to a Smart Growth strategy for our cities,” said Somerville Mayor Joseph A. Curtatone. Professional Executive; Starting out; How we hire Blog About Philips Careers at Philips Cambridge Crossing. Royal Philips is relocating its North American HQ to DivcoWest’s Cambridge Crossing, a 45-acre mixed-use campus Cambridge, MA, in 2020. Office (617) 914-8620 / MRoopenian@divcowest.com. Philips NV said it will lease about two-thirds of a 430,000-square-foot office and lab building at Cambridge Crossing for about 2,000 employees. "We are excited to welcome Philips' innovations and commercial division to our vibrant life sciences community," Cambridge City Manager Louis A. DePasquale said in a statement. Massachusetts, National News, Northeast. January 17, 2018 Royal Philips is relocating its North American HQ to DivcoWest’s Cambridge Crossing, a 45-acre mixed-use campus Cambridge, MA, in 2020.
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