Meredith & Grew, Inc.'s Ronald K. Perry, executive vice president, Francis X. Durand, senior vice president and Roger W. Breslin represented the tenant in the transaction. Spaulding & Slye Collier's David Martel represented the property owner, BF Lincoln Plaza LLC.
The Federal Milk Market Administrator is relocating due to its expansion needs and its desire to upgrade its building. The 165,000 sf eight-story office building was completely renovated in 1987 and is located across the street from South Station.
While the city's overall available space is at 16.6% according to Trammel Crow Co.'s latest statistics, the South Station area's overall available space is a relatively healthy 8.8%. Still that figure is nearly double the overall available space for South Station from the same time last year when it was at 4.6%. The average weighted rent for this type of space is currently $44.61 per sf.
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