Donald Campbell, executive vice president of R.M. Bradley, represented property owner, Cornerstone Real Estate Advisers, in the transaction. James Elcock, executive vice president and Michael Flynn, senior vice president of Meredith & Grew, represented the Rasky/Baerlein Group.
The 84,000-sf building is fully leased with about 22,000 sf available for sublease. Among its office tenants are AC Neilsen, Haese LLC, Massachussetts Dept. Correction-Legal Division, Sonexis and Hartford Boiler Insurance. Sublease space in the building goes for about $14 per sf. According to Spaulding & Skye Colliers' most recent statistics, the financial district's vacancy rate is about 12%. Its availability rate, which includes both direct and sublease space, is at 18.5%.
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