X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Rich May, a professional corporation, renewed its lease for 17,465 sf of space at 176 Federal St. The locally based law firm, which was founded in 1937, renewed its space on the top two floors of the six-story building for six years.

Timothy M. Lyne, executive vice president/partner and Taigh McClory, associate of CB Richard Ellis/Whittier Partners represented Rich May, while Paul Dawson of Cambridge Asset Management LLC, asset manager, represented the property owner, Boston Property Management.

The 71,218-sf, Class A office building, known as the Weld Building, is located in the financial district. The building, which features immediate access to the South Station commuter rail and Route 93, is fully leased. Among its office tenants are Aequitas Investment Advisors, CoStar Group Inc., Faneuil Hall Assocs. Inc., Federal St. Investments, Key Global Capital Inc., Marcheil & Assoc., Nuland & Arshad Inc., Rochdale Investment Management, TFC Financial and United Gulf Management Inc.

Its ground floor retail space is leased to AT&T, Au Chocolat, Copley Flair, Dunkin’ Donuts and Peets Coffee & Tea. Lease rates for this deal were not available, but the average asking rent for office space in the area is about $34 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.