Donald Campbell, executive vice president of R.M. Bradley, represented property owner, Cornerstone Real Estate Advisers, in the transaction. James Elcock, executive vice president and Michael Flynn, senior vice president of Meredith & Grew, represented the Rasky/Baerlein Group.
The 84,000-sf building is fully leased with about 22,000 sf available for sublease. Among its office tenants are AC Neilsen, Haese LLC, Massachussetts Dept. Correction-Legal Division, Sonexis and Hartford Boiler Insurance. Sublease space in the building goes for about $14 per sf. According to Spaulding & Skye Colliers' most recent statistics, the financial district's vacancy rate is about 12%. Its availability rate, which includes both direct and sublease space, is at 18.5%.
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.
