0 BofA to Assume former FAO Schwarz Building in Back Bay

Posted on September 19, 2012 by Wil Catlin

retail space at 440 boylston street, back bay

Photo Credit: Thomas Grillo, Real Estate Editor, Boston Business Journal.

The bear has moved to the entrance of the Floating Hospital for Children, at Tufts Medical Center in Boston. The silver of Shreve, Crump & Low has found a new address at 39 Newbury Street. Now, bring on Bank of America at the corner of Berkeley and Boylston Streets.

Thomas Grillo, of the Boston Business Journal, reports that “the bank will occupy about 8,500 square feet on two floors at 440 Boylston St. at the Berkeley Street intersection, one of the most visible locations in the Back Bay, said people familiar with the transaction.

Click here to read the full report on the modifications at 440 Boylston St.

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0 Commercial Boom in Back Bay Lures Jamestown Properties

Posted on September 13, 2012 by Wil Catlin

The Back Bay office and retail markets continue to push valuations to pre-recession pricing, while maintaining the lowest vacancy rate in both segments. Pricing for Class A upper floor tower space is up to $80 a square foot.

A New York Times editorial on the boom of back bay commercial real estate notes that “last fall, Jamestown Properties paid $226 million for a 130,000-square-foot portfolio spread over 28 buildings, mostly on Newbury Street…Jamestown bought in Boston’s Back Bay because the district had long been a sound property market, said Michael Phillips, chief operating officer at Jamestown. The current boom “is an added benefit,” he said.

More information on Jamestown Properties, continue reading the complete NY Times editorial.

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0 Sky Bridge Offers Function, Visual Intrigue to Offices on Stuart Street, Back Bay

Posted on September 9, 2012 by Wil Catlin

Credit: Boston Curbed

Back Bay has a new bridge. The sky bridge over Stuart Street is a phase of construction connecting Liberty’s new headquarters on 157 Berkeley Street with their existing offices at 30 St. James Street.

According to a Boston Curbed report, the bridge will connect “the new Liberty Mutual headquarters going up at 157 Berkeley Street with one of the company’s existing offices at 30 St. James Street. Construction on the second-story sky bridge over Stuart Street is expected to start early next month.”

For more information, jump over to the Boston Curbed web site for the complete report.

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