0 One Post Office Square Fuels Financial District Transformation

office building at 1 post office square

Credit: Banker&Tradesman

The largest concentration of office space North of NYC is making some changes: Boston’s Financial District is adding new construction with automated parking facilities, starting with One Post Office Square.

According to Banker and Tradesman, “the 41-story One Post Office Square tower..owner Morgan Stanley seeks to demolish the existing 6-story parking garage and build an 18-story addition including 265,000 square feet of office space atop a new automated parking system…Part of a comprehensive repositioning of the 832,000-square-foot tower built in 1980…would include a new glass curtain wall to replace the concrete facade, floor-to-ceiling windows and a 2-story rooftop lighting element dubbed “The Lantern” that would become a new skyline beacon.

Additional details on the tower and the Financial District’s planned modifications are available on B&T’s website.

0 Boston’s 70 Franklin Street Sells for $42M

financial district office building at 70 Franklin Street

Image Credit: cpexecutive

The Class B office market in Boston Financial District sees another trade: 70 Franklin Street.

From CPExecutive.com:

“70 Franklin’s timeless architecture combines with its flexible floor plates, open office layouts and modern building systems to create one of Boston’s premier Class B buildings. As a result, the asset boasts exceptional leasing momentum with tangible upside potential in Boston’s booming Downtown district,” said [Capital Markets Vice Chairman Edward] Maher.

Related Office Listings
Financial District Office Space in Boston

0 1 Federal Street Goes up for Sale

Financial district office building at 1 Federal st.

1 Federal Street in Boston’s Financial District

1 Federal Street is headed for the sales block by Eastdil Secured. The building is expected to trade in excess of $682 per square foot.

According to Realert, “the 38-story tower is 98% occupied, with a weighted average remaining lease term of almost seven years. The largest tenant, law firm Morgan Lewis, occupies 301,000 sf on a lease that runs until 2023. Records-management company Iron Mountain is leasing 133,000 sf until 2024. Others tenants include Credit Suisse, J.P. Morgan, Oppenheimer & Co. and U.S. Bank.”

Additional information is available on realert.