The building, which will have 39,000 sf of Class A office space, is 15 minutes from Boston, near Braintree Five Corners and South Shore Plaza. Lease rates will be $29.75 per sf, which, J.P. Plunkett, a director at Cushman & Wakefield and the broker for the building, tells GlobeSt.com is the "going rate for the area."

Peabody Construction will be the lead tenant in the building taking 19,500 sf of space, nearly half the building. According to Plunkett, the building is a traditional office building and will be marketed to a number of different industries. The construction company will be the contractor for the site. The project's completion is expected by this summer.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.