The insurance company is returning its headquarters to Back Bay, where it already has a 1.2M SF campus and employs over 2,000. Its 465K SF Seaport headquarters at 601 Congress St. employs 1,100 people, all of whom will be transferred by the end of 2018 to two Back Bay buildings at 200 Berkeley St. and 197 Clarendon St., the Boston Business Journal reports.
[John Hancock CEO Marianne] Harrison sent a memo to Hancock employees Tuesday, saying the company had enough space in Back Bay, given the number of local employees and how many work remotely. Along with the weather beacon-capped 200 Berkeley and 197 Clarendon, Hancock has approval to build a third office tower in Back Bay. The 26-story, 388-foot tower at 380 Stuart St. could be developed for Hancock or another tenant.
Amazon has 19 options to look at that have between 100,000 – 200,000 square feet of available space — now or in the near future — from East Cambridge to the Seaport and the Financial District to Back Bay.
As of today the availabilities would be in the following buildings:
Amazon already has a large and growing presence in Kendall Square, but is eying downtown Boston in part because it has cheaper rents and more available space than in nearby Cambridge. It would also join a string of tech companies that have set up shop downtown, helping to reinvent the traditional business district as a hub for a new industry.
“Downtown Boston already has tremendous street cred in the tech world,” said Brendan Carroll, head of Encompass Real Estate Strategy, which tracks Boston’s office market. “But Amazon moving in would be a really big thing.”