Bob Fitzgerald, with NAI Hunneman Commercial's Boston office, tells GlobeSt.com that the firm selected the location because of its Financial District address, its proximity to nearby public transportation, including Logan Airport and the spectacular city and harbor views from its new seventh floor offices.
Terms of the lease were not disclosed but Fitzgerald says office space in the Financial District generally leases in the mid-$30 per-sf range. The firm also has an office on Hancock Street in Quincy. The firm has partnered with Roseland Property Co. of New Jersey, and Samuels and Associates of Oakland, CA to redevelop the Hingham Shipyards. That project, which broke ground earlier this month, will bring a mix of several thousand sf of retail and restaurant space to a 130-acre waterfront site along with nearly 400 luxury homes and condominiums.
Fitzgerald, along with Jeffrey Becker and Jonathan Gifford, all with NAI Hunneman Commercial, represented the landlord, the Mayo Group, of Boston, in the lease negotiations. Gary McCourt with Summit Real Estate Investors handled the transaction for, AvalonBay Communities.
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