Category Archives: Back Bay Office Space

Office Space in Boston’s Back Bay area.

0 Former Jae’s Restaurant in Boston’s Theatre District Set for Demolition

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Office_building_ 212_Stuart_Street

Photo Credit: Boston Business Journal

The street scape continues to change with the scheduled demolition of 212 Stuart Street. The Back Bay office vacancy rate is at a record low at just under 5 percent, will the ownership push for office or residential?

A Boston Business Journal article quotes the Bay Village Neighborhood Association, stating, “nearly four years after the Boston Redevelopment Authority approved conversion of the shuttered Jae’s restaurant into a 10-story office building in Boston’s Theater District, the property is on track to be demolished.”

Jump over to the BBJ online to read the full report.

0 Back Bay Restoration Hardware Seeks Beer/Wine License

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234 Berkley Street location for Restoration Hardware

Photo Credit: Boston Business Journal

The scaffolding has been taken down and Restoration Hardware is scheduled to open its new Back Bay location next month at 234 Berkley Street.  Having vacated 711 Boylston Street a number of years ago, Restoration Hardware  is looking to not only sell sheets, towels and hardware, but the Back Bay location also hopes to offer beer and wine as part of their café.

The Boston Business Journal reports that “the California-based retailer will go before the Boston Licensing Board on Wednesday seeking a beer and wine license for a proposed 118-seat restaurant on three levels. Located in the 19th-century Boston building that once housed the New England Museum of Natural History and LouisBoston, the store is set to open next month.”

To read more about the Back Bay Restoration Hardware’s push for a beer and wine license, continue on to the Boston Business Journal. Alternatively, click through to view available property for lease in the Back Back.

0 Boston Commercial Real Estate Market Starts 2013 Strong

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Office building at 1 Financial Center in Boston massThe office market is strong within greater Boston and hasn’t this active with positive rent growth and absorption since 2007.  This is due to a couple of components; flight to quality, migration to Boston from suburban markets, new companies entering the market and companies within Boston expanding.

The Boston Business Journal notes, the strength of the market; “greater Boston’s office market achieved more than 2.8 million square feet of positive absorption last year, the strongest showing since 2007”

Specific areas of growth in the Boston office market are detailed on the Boston Business Journal’s article, here. Alternatively, follow the link to preview available office space for lease in Boston.

0 131 Clarendon Street Renovation Complete

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131 Clarendon St. Boston

Photo Credit: Banker & Tradesman

Brookline Bank’s newest location at 131 Clarendon Street is open for business. The building is now 100 percent leased in an office market with near record low vacancies.

Additional details on the Back Bay restoration project can be found in Banker & Tradesman’s complete coverage.

Related Commercial Real Estate Listings
Back Bay Office Space

0 Boston Building Growth Strong in 2012

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office building in downtown bostonYes, our city as we know it is changing and by that, I mean growing. With 22 developments starting in 2012 we can expect to see 2,500 construction workers taking to the streets to build new offices and homes. So, take time to let them in our out of traffic so our city can continue to grow and prosper.

A report in Banker and Tradesman notes that “in 2012, projects broke ground in Allston/Brighton, Charlestown, Chinatown, the Innovation District, Jamaica Plain, the Longwood Medical Area, Mattapan, Roxbury and South Boston. These projects have housing, hotel, athletic, municipal, office and retail uses.”

Related Office Space
Available Commercial Real Estate in Boston

0 MFS Moves Corporate Headquarters to 111 Huntington Avenue

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111 Huntington Ave. Office Building

Photo Credit: Wikipedia
111 Huntington Ave.

As the market tightens, companies like MFS have found a new home, moving from 500 Boylston Street to 111 Huntington Avenue. MFS’ new corporate headquarters boasts a LEED Gold certification as well.

The move is part of a larger migration for MFS. A report in Banker & Tradesman notes, “earlier this year, MFS relaunched its corporate brand identity, launched its first-ever global advertising campaign and opened new offices in São Paulo, Hong Kong and Sydney.” Click through to read Banker & Tradesman’s coverage.

0 Arnold Worldwide Considers Relocation To Filene’s Building in Downtown Crossing

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Filenes in downtown crossing boston

Photo Credit: Banker & Tradesman

Will they or won’t they? If Arnold Worldwide takes the plunge, it would be great move for the community; bringing a large workforce to the once famed Burnham building that has been vacant for years. With market rents in the Financial District hovering about 15 – 20 percent below Back Bay, this could create an interesting domino effect.

According to an article on Banker & Tradesman, “a marquee anchor tenant like Arnold for the property known as the Burnham building could be the golden ticket project developer Millennium Partners needs to secure financing and start construction of a 625-foot, 600-unit residential skyscraper adjacent to the Burnham.”

0 DivcoWest Purchases Four Buildings in Boston’s Seaport District

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Divco WestDivcoWest adds four buildings to its Boston assets with a combined size in excess of 3 million square feet.

According to a report in Banker & Tradesman, “the properties were acquired for DivcoWest Fund III, an $870 million fund raised last year. The properties were purchased from a fund controlled by New York-based Brickman Real Estate. Terms of the transaction were not disclosed. The acquisition brings DivcoWest’s total holdings in the Boston Area to more than 3 million square feet of commercial property assets.”

Click through to read the full editorial on Banker & Tradesman’s web site.

0 New York Investor Pay $27M for 19k SF Building in Back Bay

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Office Space on Newbury street

Photo Credit: Banker & Tradesman

New Yorker’s appetite for our sports teams may not be as strong as our Real Estate. Newbury Street is expected to see a trade in excess of $1,400 per square foot.

According to a report in Banker & Tradesman, the “investor is expected to pay about $27 million for a 19,041-square-foot retail building in Boston’s Back Bay.”

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.