BOSTON- The Gale Co. has completed the development of One Lincoln St., a 36-story, one million sf office tower. The $350 million project started in April 2000 and was, at the time, the largest speculative office tower to be built in the country in ten years. In 2001, State Street Corp. signed a long-term lease for the entire tower. The deal represented the largest single transaction ever recorded in the city.

The building has been dubbed State Street Financial Center and he Gale Co., a Florham Park, NJ-based company, will assume all property management responsibilities for the facility and relocate its Boston offices to the building.

The project was originally approved in 1990, and was to be the first downtown office building developed through the city’s Parcel-to-Parcel Linkage Program, which included the investment and participation of a group of city-designated local minority partners, Columbia Plaza Associates. Due to the downturn in the real estate market in the early 1990s, the project was put on hold.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2025 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.