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70,000 SF Allston Office Being Marketed

BOSTON, MA-With the core office sector running out of space, New Balance Shoe's home is seen fitting the needs of the Hub's booming high-tech market.

By Joe Clements | Updated on August 02, 2000

As New Balance Shoe Co. prepares to skip up the street to a new headquarters, Cushman & Wakefield has begun marketing the company’s longtime base in Boston’s Allston neighborhood. While not located in a traditional office market, C&W is peddling the five-story, 70,000-sf property at $29 per sf.

A broker for the firm says his company is confident 61 No. Beacon St. will lease quickly, especially because a tenant can begin moving in as early as November. The Hub’s record low office vacancy rate has companies scrambling to find adequate quarters, particularly local high-tech firms that often find their space needs growing exponentially.

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