X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Eduventures signed a four-year sublease on 14,394 sf at 99 Summer St. The locally based information services firm is expanding by more than 9,000 sf. The company had been a tenant at 20 Park Plaza for approximately five years.

Eduventures provides research and analysis for the education market. “They were very impressed with the building,” Jim Boyle, with the Trammell Crow Co.’s local office tells GlobeSt.com. Boyle, who handled the lease negotiations for the tenant along with colleagues Peter Farnum and David Boyle, says Eduventures searched the Back Bay and downtown Boston market for about six months before settling on 99 Summer St., which spans both Downtown Crossing and the Financial District. “They wanted a building that could accommodate their growth and reflect their evolution into an even more sophisticated and national company.”

Although terms of the lease were not made public, Boyle says the property, which is almost fully occupied, generally rents for about $30 per sf for mid-rise space rented on a direct basis. “What had great impact was the quality of the existing improvements and their ability to leverage (sublessor) AIG’s investment in building out the space,” Boyle notes. AIG was represented by Larry Epstein of Meredith & Grew.

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

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