Arranging this monster-sized transaction took creativity since Titan is not only leasing but subleasing space as well. The task of bringing it all together fell to Insignia//ESG.
In essence, Titan was doing business with four different building owners in an effort to cull the necessary 60% of the 425,000-sf Two Freedom Square. The company is leasing 146,000 sf straight from the owner/developers Boston Properties Inc. and Terrabrook Communities. Titan is also subleasing a total of 136,000 sf from law firms Wilson Sonsini Goodrich & Rosati and Finnegan Henderson Farabow Garrett & Dunner.
It was last year when Wilson Sonsini pre-leased 109,000 sf--with 40,000 feet of that space on the top two floors of the 16-story tower--for the purpose of relocating its headquarters from McLean, VA. Finnegan Henderson also pre-leased its space, which totals 96,000 sf, before the last summer's completion of the building.
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