The former home of US Trust, 40 Court St. became available whenthe bank was purchased earlier this year by Citizens Bank. A keylure, according to Paradigm Managing Director Stephen Allison, wasthe ability to turn the longtime corporate headquarters into115,000 sf of rentable space in the tight Boston office market.

"This property offers excellent office space and we expect it tobe very well-received by the marketplace," agrees Insignia/ESGbroker Joanna Dresser, whose firm has been appointed exclusiveleasing agent of the 12-story building. Built in 1912 for US Trust,the building was fully renovated in the 1980s, although Paradigm ispledging additional upgrades in the coming months.

Sitting at the top of State Street and fronting on Boston's CityHall Plaza, 40 Court St. "offers an excellent location withwonderful views," says Allison. He estimates downtown Boston'soffice vacancy rate at under 2%. The company also owns 18 TremontSt., located also on the edge of the Financial District andGovernment Center.