0 Office Buildings Planned Near Faneuil Hall

rendering of office space on Quaker Lane in Boston

Credit: The Boston Globe

Quaker Lane in Boston?  Must admit, some would have no idea where it is located.  Well, changes are coming.  This road is surrounded by the former Fidelity headquarters that was sold and is located near the intersection of Congress and State Streets.  The proposed plan is to add retail services on the ground for, renovate the offices above and add residential component.

From the Boston Globe:

“A Boston real estate firm is proposing to redevelop a drab cluster of office buildings near Faneuil Hall into a more modern commercial complex with restaurants, stores, hotel rooms, and residences.”

“Our plan is to rejuvenate the entire block through a mixed-use redevelopment strategy,” said Stephen Faber, executive vice president of Related Beal. “These buildings and this location present us with the opportunity to . . . create a real destination.”

0 Brookline Bank to Sell Financial District Office Building

Financial District office building at 31-33 State St., Boston

(Photo Credit: Boston Herald)

The Class B market in Financial District has another asset trading hands.

According to the Boston Herald, “the bank [Brookline Bancorp] said yesterday that 31-33 State St., a slender structure built in the late 1800s, is under agreement to be sold to an unidentified buyer by the end of the year.”

This is another indication that Boston’s Financial District remains an active market for downtown office space heading into Q4.

For more information on the sale of Brookline Bank’s financial district office building, read the Boston Herald’s full report on the sale of 31-33 State Street.

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0 Office Space in Boston’s Seaport, State Street in High Demand

office space for lease in boston's seaport districtOne Channel Center has secured its $170 million construction loan to build State Street’s 500,000 square foot headquarters.  The Seaport continues to be a destination for companies both big and small with rents now firmly over the $40 asking price.

Dailyfinance.com reports that HFF “has arranged a $170 million construction loan for One Channel Center, a 500,000-square-foot office building currently under development by AREA Property Partners and Commonwealth Ventures in Boston’s Seaport District.”

For more on the transaction, continue on to dailyfinance.com’s full report.

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Seaport Office Space for Lease