If you come we will build it for you! That is what Skanska USA Commercial Development agreed to do for PwC. This is usually how new projects get in the ground, most developers and landlords would prefer not to build on spec, but that model has shifted in the very recent past due to the lack of inventory and increased rents most notably in the Seaport District.
According to Banker & Tradesman, “PricewaterhouseCoopers has signed a 15-year lease to occupy the majority of a planned office tower in Boston’s Seaport District. Inking a deal with the accounting firm gave Skanska USA Commercial Development the anchor tenant it needed to begin construction on the 440,000-square-foot tower at the southeast corner of Seaport Boulevard and Boston Wharf Road.”
The complete article is available on Banker & Trademan’s website.