Los Angeles-based Key3Media, which produces expositions and conferences for the information technology industry, was looking to expand its offices beyond the 50,000 sf it currently leases at 300 First Avenue here. The company's seven-year lease in this 212,000-sf office complex was welcome news for WP Commercial LLC, which had originally leased the offices to MarchFIRST, a Chicago-based Internet consulting firm that filed for bankruptcy.
Lease rates on the space are reportedly upwards $30 sf. Gregg Jordan, a principal in Gregg Jordan & Associates, represented Key3Media in the deal with the Newton office of Grubb & Ellis Co. Peter Eliot LLC of Boston was also involved in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
