Lincoln officials wouldn't disclose the length of the lease, its estimated value, the occupancy level at Equitable or average asking base rents. But Downtown brokers familiar with the property tell GlobeSt.com the Accenture lease is probably for 10 years at an effective average rent of $19 per sf for an aggregate value of about $8.7 million.
Lincoln bought the building in 2000 and invested $3 million in renovations. Greg Kindred, a vice president at Lincoln, represented his company in the lease transaction. Michael Kim at Studley negotiated for Accenture, a global management consulting, technology services and outsourcing company. The firm has 90,000 employees in 48 countries and generated net revenue of $11.8 billion for its fiscal year that ended Aug. 31, 2003, according to the company's website.
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