"The CityPoint message of urban convenience in a suburbansetting really resonated in the market," says DTZ FHO Partnersprincipal John Boyle, who represented all three tenants committingto the building, the others being Administaff--9,000 sf--andPRTM--35,000 sf. The office building is the inaugural phase of a$500-million mixed-use complex Boston Properties is building at theinterchange of Route 128 and the Totten Pond Road/Winter Streetexit, and Boyle says the planned amenities were key elements in thedecisionmaking process for his clients.
DTZ FHO Partners principal Brian Hines concurs, and maintainsthe response to 77 CityPoint also reflects a desire for newconstruction. The vacancy rate for class A office space on Route128 between Routes 2 and 9 is now just 11%, he says, even thoughWaltham has seen nearly two million sf of new construction underway since the start of 2007.
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