0 Leather District Redevelopment Might be on the Horizon

Posted on February 16, 2017 by Wil Catlin

Credit: B&T

Change could be coming to the Leather District in the form of development.

125 Lincoln St. includes office space on the top floor…The property, occupying an entire block in the transforming Leather District, could be suitable for a mixed-use redevelopment, said Matthew Pullen, an executive managing director for NGKF. Current zoning allows up to 223,880 square feet of development on the site.

The property is 100 percent leased and generates net operating income of $2 million. Leases have landlord termination options that would enable a redevelopment to begin as early as 2018, according to marketing materials.

0 Seaport District, Fort Point Channel Thriving

Posted on February 11, 2015 by Wil Catlin

Credit: Bostonsf

The Seaport continues to show the market that it’s going to remain a dominate force in the Boston office market. Rents are up, vacancy is down and demand is strong. The challenge is the only new construction is Class A, so if you are seeking updated brick-and-bean, wait in line or be prepared to pay for it.

Alternatives that trade about $8 – $12 per square below would be Boston’s Financial District or the Leather District.

Indicative of the Seaport neighborhood’s appeal, BostonSF.com reports HFF recently closed a “$105.625 million sale of 3-building office portfolio Boston’s Seaport District…HFF announced that it has closed sale of three best-in-class, creative office assets totaling 221,064 square feet and 35 parking spaces.”

You can read more about the significant, three-building office space sale in the Seaport on Bostonsf.com.