News: Owners Developers & Managers

RBJ brokers four leases totaling 335,220 s/f at 53 and 73 State St.

Richards Barry Joyce & Partners, LLC (RBJ) has brokered four leases totaling 335,220 s/f for Brookfield Properties. The leases are at 53 State St., Exchange Place, and 75 State St., both located in Boston's Financial District. RBJ is the leasing agent for both 53 and 75 State St. Michael Joyce, partner, and VPs Thomas Ashe and Tom O'Regan of RBJ represented Brookfield in each of the leases. Fidelity Investments signed two lease renewals totaling 220,079 s/f at 53 State St. The first transaction, a short-term lease for 169,943 s/f, covers space on floors 4, 5, 10, 11 and 12. The 2nd transaction is a long-term lease for 50,136 s/f. Fidelity was represented in the transactions by Chuck O'Connor of DTZ FHO Partners. Boston Consulting Group signed a lease renewal for 78,488 s/f on the 30-32 floors of 53 State St. BCG was represented by Andrew Hoar of CB Richard Ellis. Advent International, renewed a lease for 36,653 s/f. The space, on the 2nd and 29th floors of 75 State St., is for the firm's regional headquarters. Advent was represented by CBRE.
MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.