Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-In a consolidation of three offices, a Fortune 500 company that provides computer outsourcing has taken 59,000 sf of office space at 260 Franklin St. The move expanded the space Dallas-based Affiliated Computer Services already held in the building by about 20,000 sf.

The firm moved its two Boston satellite offices under one roof, closing down shop in 6,000 sf of space at 131 Tremont St. and moving out of 12,000 sf at Russia Wharf, Jay Driscoll, senior director with Cushman & Wakefield in Boston tells GlobeSt.com. “It was a good sized expansion for them. They toured the market, looked at a lot of alternatives and decided to stay.”

Terms of the long term lease were not released. The 20-story, 348,901-sf class A office in the Financial District generally leases from the low $30s per sf to the low $40 per sf gross, Driscoll says. The property is between 60% and 70% leased to tenants that include Pangora Asset Management, Lehman Brothers, Line Data Services and LeBoeuf Lamb Greene & MacRae LLP.

Heitman Properties serves as the asset manager for the building’s owner, Florida State Teachers’ Pension Fund. Driscoll along with Rebecca Galeota, an associate director with Cushman & Wakefield, represented the tenant. Heitman was self-represented.

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?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.