BOSTON-Medical liability insurance provider Coverys is looking toward future growth as well as a need for more space currently, signing on for two floors at Beacon Capital Partners' One Financial Center. Now located at 101 Arch St. in a 49,000-square-foot space on three non-contiguous floors, Coverys has leased 56,936 square feet on the 12th and 13th floors in Beacon Capital's 1.3-million-square-foot office tower for its Boston headquarters, with expansion rights on the 14th floor, and expects to move there next January.
"Our client was looking for a first-class building with superior amenities for its employees," says Chris Rogers, senior managing director at Newmark Grubb Knight Frank, in a release. "They also wanted to bring their staff together to share contiguous space to foster collaboration, efficiency and teamwork. One Financial Center fit the bill."
Together with NGKF colleague Ellen Fantini Cullinan, managing director, Rogers represented the tenant in the 15-year deal. Terms were not disclosed. Beacon Capital was represented by a Cushman & Wakefield leasing team of Bill Anderson, Jay Driscoll and Dave Martel.
Located at 655 Atlantic St., the 46-story One Financial Center was awarded BOMA Boston's Outstanding Building of the year for 2012. Beacon Capital acquired Rose Associates' stake in the tower for $385 million in 2007. Along with Coverys, which ranks among the nation's top 10 medical liability insurance providers, other tenants on the building's roster include Loomis Sayles & Co. and Mintz Levin.
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