Insignia/ESG's David Green and C. Bradley Mendelson arranged the transaction on behalf of Boston Properties, while Andrew Mandell and Peter Ripka of Ripco represented Red Lobster. No financial details have been disclosed, but asking rent for the ground-floor space was $325 per sf and the second floor asking rent was $80.

Red Lobster plans a major build-out for the space, according to Mandell. "They're going to add a mezzanine," he tells GlobeSt.com. He adds that improvements include cutting out part of the first-floor ceiling "so when you walk in you're going to have a lot of light."

The space will comprise 3,277 square feet on the ground floor and 11,236 square feet on the mezzanine and second floor. A giant mechanical red lobster will be affixed to the restaurant's exterior.