Tag Archives: 100 Federal St.

0 Putnam nearing HQ move in Boston’s Financial District

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100 Federal St. Boston office building

Credit: BBJ

Putnam appears to be in the final throws of swapping one side of Post Office Square for another and leaving their address of 1 P.O. Square that they have had since 1981.  Why move and why move now?

A number of reason play into this from how office space is used to overall economics.

According to the BBJ, “Putnam is close to signing a lease for 275,000 square feet of space at 100 Federal St. and vacating its offices a short walk away in PO Square…at One PO Square, Putnam occupies multiple floors and has lobby-level signage…The fund manager has more than 800 employees at the location, a workforce that includes its primary investment and trading operations as well as its senior executive team.”

You can read additional details on Putnam’s move on the Boston Business Journal.

0 Is Boston Properties’ Recent Selling Activity Noteworthy?

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Boston office building at 100 Federal Street

Credit: BBJ

Boston Properties is selling; should we be worried?  No, we are seeing may other institutional investors pouring dollars into the Boston Class A office market.

The Boston Business Journal offers some historical context on Boston Properties’ market activities, “A Bloomberg reporter recently noted that the last time this happened, the company cashed out of significant real estate holdings just before the 2008 crash…[however] In their Boston presentation to investors, Boston Properties executives sounded anything but alarmed about markets. An unofficial transcript made available by Bloomberg to subscribers quotes company leaders speaking effusively about the Cambridge and Waltham markets and positively, if in a more-reserved manner, about the Boston market for high-end tenants.”

The complete BBJ article is available, here.