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BOSTON-The McGraw-Hill Cos. has renewed its lease for at 711 Atlantic Ave. through June 2008. The company, a global information services provider, leases 13,500 sf in the 83,324-sf building. Lease rates for this deal were not available, but space in the building goes for about $20 per sf.

Chuck O’Connor and Will Foley of Trammell Crow Co. represented McGraw-Hill in the transaction, while property owner Paradigm Properties represented itself.

The six-story “brick and beam” building is located in the Leather District of the city’s South Station market. Paradigm acquired the property in December 1999. It is nearly fully leased to a number of tenants including Standard & Poors, Beacon Learning, Traveler’s Aid, Rothman Partners, Cubellis Associates, Inc., Trilium Asset Management, Experio Solutions and Taylor & Partners.

The city continues to experience relatively high vacancies with most recent reports indicating that vacancy rates are about 16%. The available space is still putting pressure on rents with Codman Co. reporting that rents went down an additional 2% from the end of last year, a figure that is 50% lower than the highs of 2000.

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