Tag Archives: downtown crossing office space for rent

0 Kingston Building a Haven for Startups

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Kingston St office space

Credit: Boston Globe

Kingston Street has been a jewel for those tenants seeking a value opportunity with quick access to Downtown Crossing and South Station.

According to the Boston Globe, “Buildings like the Kingston Building ‘really sustain the startup scene,’ says Matt Bellows, chief executive of Yesware, a Boston company that creates software for salespeople. ‘It’s got a great location, nice open space, windows on three sides, and it’s cheap.’ After spending two years in the building, Bellows says, ‘we only moved out when we got over 50 people, and the lines for the two tiny bathrooms became too long.’”

Additional details are included in the full Boston Globe article.

0 Class B Office Space in Downtown Crossing Could Net $50M

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Financial district boston office building

Credit: BBJ

Class B office space at 258-262 Washington St. and 85 Devonshire St. in Downtown Crossing could fetch in excess of $525 PSF. The Class B office market in the Financial District has seen strong rent growth over the last 36 months with prices ranging from the upper $30’s to the upper $40’s PSF.

From the Boston Business Journal:

The buildings together encompass about 92,000 square feet and span the stretch of Water Street between Washington and Devonshire streets near the State Street MBTA stop…Boston-based real estate investment and development firm KS Partners owns the property and has invested more than $5 million in the past three years to help rejuvenate it.

Marketing materials obtained by the Business Journal indicate that the the Washington and Devonshire property is “one of the last Downtown Class B repositioning opportunities” that is “an opportunity to capture momentum” for retail repositioning along Washington Street. The stretch of Washington Street fronts the Freedom Trail and is currently leased by a Subway and a Vitamin Shoppe.