The space at One Federal St. represented one of the few largeofferings of office space in Downtown Boston, following on theheels of Equity Office Properties leasing virtually all of 400,000sf left over at 100 Summer St. by the departure of Blue Cross andBlue Shield of Massachusetts. While 265 Franklin St. will havenearly 200,000 sf come on line over the short term, most of theFinancial District space is spoken for, with Spaulding & Slyereporting a 1.5% vacancy rate for the 31.2 million sf market.
State Street Corp., a diverse financial services and bankingcompany, is one of the state's largest employers. The firm wasrepresented by Trammell Crow senior vice president John P. Barry.Joanna Dresser of Insignia/ESG acted on behalf of the landlord.
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