Monthly Archives: November 2012

0 PayPal Facilitates Startup Incubation at New Financial District Office Space

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Office building in Boston's financial district at one internation place

Photo Credit: Wikipedia

Good news for local startups: for a small allotment — space and resources — PayPal is assisting fledgling companies to help grow the community.

According to a report in the Boston Business Journal, “the new Boston office for eBay’s PayPal business will be home to more than just its staff, with plans to provide space for at least five local startups and potentially house a separate business unit for eBay.”

For more on PayPal’s new office space and the startup incubator, jump through to the BBJ’s article, here.

Related Commercial Real Estate
Financial District Office Space for Lease

0 Puma, Inc. Signs Lease at One Congress Street

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Puma Inc logoThe Financial District continues to attract large tenants due to its value pricing compared to neighboring submarkets.  As of November 8th, 2012, only 21 buildings in the Financial District have 50,000 square feet or more of contiguous space available.

Apparel company, Puma, Inc., recently signed a 60,000-square-foot lease at One Congress Street, adding another established brand to Boston’s Financial District.

 

0 441 Stuart Street to Undergo Renovation

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441 Stuart St. Office building in Boston's Back Bay

Photo Credit: The Boston Business Journal

185 Dartmouth Street will be a welcome addition to the Back Bay office market. This building, formerly referred to as 441 Stuart Street, has been dark for years and with Synergy’s reinvestment into the asset, the Class B office tenant will now have more choices.

A report in the Boston Business Journal notes, “the 11-story facility houses a 40,000-square-foot health club and more than 12,000 square feet of ground floor retail. Synergy bought the building with gutted space on floors four through 11. The Boston-based company is restoring the 13,000-square-foot floor plates on each of those floors and have completed one floor as a showroom for brokers and potential new tenants.”

Follow the link to read the BBJ’s report on Synergy Investments’ renovation of 441 Stuart Street.

0 Hotel Proposed for Back Bay, across from Hancock Tower Office Building

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Rendering of proposed hotel at 40 Trinity Place in Boston's Copley Square

Photo Credit: Boston.com

There are changes in store for the Back Bay skyline. The project will include a 220-room hotel with meeting spaces, 142 residences, parking, and several restaurants.

“A rendering of the proposed building, to be called 40 Trinity Place, shows a slender glass tower with an angular top. The developers still need approval from the Boston Redevelopment Authority, but said they hope to start construction by next fall.”

More information on the proposed hotel is available on Boston.com’s Business Updates.

Alternatively, click through for a printable overview of the offices at John Hancock Tower.

0 Boston Startup School Moves to the Financial District

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Office building in Boston waterfront area of the financial districtThe migration of tenants into the city continues with Communispace moving from Allston to the waterfront area of the Financial District.

According to the Boston Business Journal, “the new location for the Startup School, at 290 Congress St., is ideally situated near a large number of fast-growing tech firms.”

More information on the Boston Startup School, including its mission, programs, and new address, is available at the Boston Business Journal.

Related Commercial Real Estate for Lease
Boston Waterfront and Financial District Office Space