"They really wanted to stay in the Back Bay and felt this wouldbe a good option," Adam Schneier, with Lincoln Property Co.'sBoston office, tells GlobeSt.com.
Schneier says the firm spent about a year shopping for a newlocation before company officials inked a six-year sublease withManulife Financial. The new lease gives the provider of investmentmanagement and implementation services for asset management firmsmore than double the space it had at its 575 Boylston St. location.The firm will occupy the eighth floor in the 24-story, fully leasedPrudential Center building.
Terms of the sublease were not disclosed but Schneier saysdirect lease rates for class A space in the area generally goes forbetween $45 and $55 per sf.
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