0 Post Office Square Transformation Approaching

Posted on July 25, 2012 by Wil Catlin

The long awaited transformation of 50 Post Office Square has moved closer with a letter of intent being executed by Brown Brothers for 300,000 RSF. Currently the 18 story Class A building is offering 424,297 RSF for lease on 7th through 18th floors with floors plates just over 53,000 RSF.

“The non-binding commitment at the regional headquarters for Verizon Corp. follows months of considering alternatives in the area for a venerable financial services firm whose lease at nearby 50 Milk St. expires next autumn.”

Jump over to therealreporter.com for the full report.

0 Tax Break Approved for State Street

Posted on July 23, 2012 by Wil Catlin

State Street is on the move, and the Seaport continue to evolve.

The Boston Business Journal is reporting “the Boston Redevelopment Authority has put its stamp of approval on a $11.5 million tax break for State Street Corp., tied to the construction of a new office building in South Boston.”

To read more on the Seaport and State Street migration, click here.

0 Financial District Vacancy Drops to 14.8%

Posted on July 13, 2012 by Wil Catlin

Vacancy in the Financial District dropped to 14.8 percent with rents up 1.25 percent to just over $45.60, while Back Bay is just over $55.25 and the Seaport District is $51.00.

Banker & Tradesman states, “the Greater Boston office market enjoyed a strong second quarter, according to a new quarterly research publication released this morning by Richards Barry Joyce & Partners LLC (RBJ&P).”

To read the complete article, click through to Banker & Tradesman.