WALTHAM, MA-A global high tech firm will keep its US headquarters here under a six-year early renewal. IONA will occupy the entire fourth-floor wing of 200 West St.

Chris Crooks, with Cresa Partners Boston, tells GlobeSt.com the firm, which provides integration solutions for mission-critical IT environments, will stay in 30,000 sf of office space in the 248,048-sf, four-story building. The company originally leased 60,000 sf when it moved into the property in 1999 but is now downsizing.

Crooks says the Dublin-based firm renewed its lease one year ahead of schedule in order to take advantage of favorable market conditions and lock into a five-year lease extension. “They liked the building and wanted to stay there.” Crooks notes that IONA moved into the building shortly after construction on the class A structure was completed.

Terms of the lease were not disclosed, but Crooks says property of a similar caliber here leases in the low $30-per-sf range. Crooks and colleagues Dan Sullivan, and Shawn McDonough handled lease negotiations for the tenant. Owner Boston Properties was self-represented by Stacey Baker and David Provost.

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?


© 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


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.