Francis X. Tracy, president and CFO of Batterymarch, which manages discretionary domestic equity portfolios for institutional clients, says that the company underwent a competitive market search before it decided that it wanted to remain in this location for the next 10 years. "The building and area amenities are terrific, and no other tower had comparable views," he adds.
The 60-story Hancock tower was put on the market a few months ago along with two other buildings in the Hancock portfolio. The bidding process was recently whittled down to three contenders, locally based Beacon Properties, Equity Office Properties and NY-based Tishman-Speyer. Rumors circulating in local published reports say that Beacon won the final bidding but a spokesperson for Beacon tells GlobeSt.com that the company is "not in a position to provide any information."
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