BOSTON-Two leases totaling 43,920 sf have pushed the occupancy level beyond 90% at 226 Causeway St. The leases fill the 10-story, brick and glass building’s 170,000 sf of office space to near capacity.

The largest of the leases was signed by Oxfam America, which will take 35,942 sf of space for its headquarters under a 10-year lease with landlord Intercontinental Real Estate Corp. The global nonprofit agency, which works to end poverty, will occupy space on the building’s fifth floor.

Cleary Insurance also inked a five-year deal on 7,978 sf on the third floor of the building. The insurance agency plans to relocate from its current 133 Portland St. address in Boston into its new North Station offices in late 2006.

Terms of both leases were not disclosed but office space in the North Station area generally runs from the mid-$20s per sf to the high-$30s per sf, a broker familiar with the area says.

John Barry and Thomas Ashe, both with Richards Barry Joyce & Partners, represented the landlord in both lease deals and also handled the transaction for Cleary Insurance. Oxfam America was represented by David Richardson of McCall & Almy in Boston.

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.

 

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.