BOSTON-Ernst & Young is renewing its lease for 146,496 sf at 200 Clarendon St. The 62-story office tower is located in the heart of the city’s Back Bay.

Joe Fallon and Bob DeLaney, both principals of Trammell Crow Co., represented Ernst & Young in the transaction while Stephen Lynch, principal of CBRE/Lynch Murphy Walsh Advisors, represented property owner, Beacon Capital Partners, LLC.

The 1.6-million-sf, class A office tower is nearly fully leased with about 30,000 sf available. The building is part of the John Hancock Complex, which also includes 200 Berkeley St., 197 Clarendon St. and the Garage @ 100 Clarendon. This four-building complex comprises nearly three million sf of office and retail space as well as 2,000 parking spaces.

Lease rates for this deal were not available but according to Cresa Partners’ third quarter market update reports, space in class A office space in the city gets an average of $39 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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

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 © 2024 ALM Global, LLC. All Rights Reserved.