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Peabody Construction Develops New Building

BRAINTREE, MA-Peabody Construction begins construction on The Peabody Building here, a three-story Class A office building. The construction company plans to occupy half the building and lease the rest.

By Naomi Grossman | Updated on January 17, 2001

BRAINTREE, MA-Peabody Construction began construction on its newest project, The Peabody Building, here. The construction company occupied the building at this site but knocked it down to build a three-floor office building.

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.”

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