"This is indicative of our current growth pattern," Spaulding & Slye regional director Kyle B. Warwick says in a statement announcing the relocation from 40,000 sf at 255 State St. "We wanted to be closer to ground zero in the heart of the financial district and this is about as close to ground zero as you can get," Spaulding and Slye vice president Steve Steinberg tells GlobeSt.com. "It's part of a growth mode we've been in for some time now and this space has growth potential that can accommodate us in the future."
Under the 10-year lease, the terms of which were not disclosed, the company will occupy the 26th and 27th floors along with a portion of the 28th floor in the 42-story, 766,129-sf tower. The space will be redesigned to include a three-level interconnecting stairway that will link public areas such as the firm's conference center, reception and display areas. It will also feature private workspace, team room areas and a cafeteria. Space in the building generally rents for between $44 and $51 per sf. The property counts among its tenants Putnam Investments, Sullivan & Worcester LLP and UBS Payne Webber.
Spaulding & Slye managing directors Bill Barrack and Debra Gould negotiated the lease on behalf of the company, while leasing director Bill Anderson repped building owner Equity Office. Barrack is also representing Pembroke Real Estate in marketing the 40,000 sf the firm is vacating. The construction manager on the project is Spaulding & Slye vice president Barrie Ferraro.
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