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ASA Signs 139,000-SF Lease

BOSTON-American Student Assistance leases 138,879 sf at 100 Cambridge St. The organization will occupy floors 15 through 19 in the 22-story building, which is currently being redeveloped by MassDevelopment.

By Naomi Grossman | Updated on January 19, 2004

BOSTON-American Student Assistance signed a 138,879 sf lease at 100 Cambridge St. The organization, which provides assistance in education financing and repayment, will occupy floors 15 through 19 in the 22-story building. The 15-year lease increases the building’s occupancy to 75%.

ASA is relocating from its current premises at 330 Stuart St. in the city’s Back Bay. It will be one of the building’s major private tenants. Leases rates for this deal were not available but the average asking rent for similar space ranges from $37 to $43 per sf depending upon the space.

Spaulding & Slye Colliers senior vice president William F. Collins and assistant vice president Benjamin D. Heller represented ASA in the transaction while Meredith & Grew Inc.’s Thomas J. Hynes, president, Ronald K. Perry, executive vice president, JohnA. Carroll Jr., senior vice president, and Kristin E. Blount, vice president, represented MassDevelopment.

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