0 Back Bay Office Building Sells to Blackstone for $117M

Posted on August 23, 2014 by Wil Catlin

Blackstone is the suitor for 399 Boylston Street in Boston’s Back Bay for $508.69 PSF. National coverage in Bloomberg, reports “Blackstone Group LP (BX) agreed to buy a 13-story office building in Boston’s Back Bay district for $117 million, seeking to increase income by re-leasing space in a strong market, said two people with knowledge of the deal…The seller of 399 Boylston St. is Shorenstein Properties LLC, which has owned the building since 2007…The brick-and-glass property, built in 1983, has about 230,000 square feet (21,400 square meters).”

399 Boylston St. office building in Boston

Credit: Shorenstein Properties

Follow the link to read Bloomberg’s article on the sale of 399 Boylston Street.

0 BBJ Posts First-look at Wayfair’s new Copley Place HQ

Posted on August 23, 2014 by Wil Catlin

Want to see what Wayfair’s new HQ look like? Jump over to the Boston Business Journal for a peek at Wayfair’s new office in Back Bay’s Copley Place.

Credit: Boston Business Journal

The BBJ’s accompanying article notes Wayfair’s “new office space totals 275,000 square feet and all of the company’s employees in Massachusetts will have moved into the space by next summer. Copley Place is a mixed-use complex with 845,000 square feet of Class A office space in four towers. On-site amenities include 75 shops, two hotels, and 1,500 parking spaces.”

0 Wayfair Expands Back Bay Offices

Posted on August 22, 2014 by Wil Catlin

Credit: Bostinno.Streetwise

Office space no longer is drab and impersonal. Office space today is inspirational and personal with an edge towards technology.

From Bostinno.Streetwise.co:

“The company snapped up four floors at 4 Copley Place for its new headquarters, which are down the street from the original office at 177 Huntington. (Some people still work out of the Huntington building, however, as well as an additional spot on Boylston Street.)…The reasoning behind the new, 120,000-square-foot location is obvious: More space for Wayfair’s seemingly ever-increasing staff. Around 900 people currently work for the home decor firm, with 20 to 25 newcomers being added each week.”

0 Tower Considered at Back Bay Station

Posted on June 23, 2014 by Wil Catlin

rendering of proposed tower at Back Bay station

Credit: Boston Globe

The Back Bay skyline could see yet another change on the horizon. Plans state that there would be one high rise and at least one mid-rise tower on the site. The present building was designed by Kallmann McKinnell & Wood and opened in 1987. That building replaced the older station that opened in 1928 for New Haven Railroad.

The Boston Globe reported on the considered remodeling of Back Bay Station, nothing “the owner of the John Hancock Tower in Boston is negotiating with Governor Deval Patrick’s administration to renovate and manage the MBTA’s Back Bay Station in exchange for the right to build a towering complex of residences, stores, and offices… [it would include] a skyscraper and at least one other building above the rehabilitated station, which would get a new retail arcade, ventilation upgrades, and a glass facade along Dartmouth Street.”

The full Globe article is available online, here.