Gordon Brothers Inks 44,000-SF Prudential Center Lease

Jay Driscoll, senior director with Cushman & Wakefield's Boston office, tells GlobeSt.com the global advisory firm will move into the ninth and 10th floors in the spring once renovations are completed. The company, which has 20 offices worldwide, currently occupies around 20,000 sf of space at 40 Broad St. in the financial district.

Gordon Brothers inked the eight-year sublease agreement with Manulife Financial after searching the marketplace for contiguous space, says Driscoll, adding that the transaction was one of the largest subleases at the Prudential complex this year. "The Back Bay is tight right now." He notes that while few options exist in the neighborhood for larger users, "Manulife Financial's space at the Prudential Center proved to be the ideal solution for Gordon Brothers' long term objectives."

Driscoll said the company, which provides global advisory, operating and financial services to growing or restructuring companies, selected the office space because of the Back Bay's many amenities and the firm's ability to upgrade its image under a financially favorable sublease. Terms of the sublease were not disclosed but records show that space at the Prudential Center generally rents for more than $30 per sf.

The complex, which includes the Prudential Tower at 800 Boylston St. along with 101 and 111 Huntington Ave., counts among its tenants Investors Bank & Trust Co., which recently leased 50,000 sf at the Prudential Tower, and Bain Capital LLC, which leased 42,000 sf of expansion space at 111 Huntington Ave. Driscoll and Rebecca Galeota, an associate director with Cushman & Wakefield, represented Gordon Brothers, while Brad McGill and Bill Barrack, both with Spaulding & Slye, handled the negotiations for Manulife Financial.