MCE, the lead contractor on the Big Dig, paid $52 million forthe 336,000-sf building last summer, which it is converting toClass A office space. The former factory building is located on theBoston Harbor and is the site of the Boston Tea Party.
MCE did not return calls by press time but the company's vicepresident, Robert Shepard is quoted as saying that his firm isnegotiating with three tenants who could lease up to 80% of thebuilding. In addition, Regis, a shared-office company, signed aletter of intent to lease multiple floors in the building. MCE isusing Trammell Crow as its exclusive leasing agent. The building'scompletion is slated for August.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
