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First Marblehead Corp. Takes 98,000 SF in Back Bay

BOSTON-First Marblehead Corp. is leasing 98,272 sf in the Park Square Building at 31 St. James Ave. The financial company looked at a number of other locations but decided to stay and more than double its space in the building.

By Naomi Grossman | Updated on April 27, 2004

BOSTON-First Marblehead Corp. signed a long-term lease for nearly 98,272 sf in the Park Square Building at 31 St. James Ave. The deal is this year’s largest lease in the city’s Back Bay neighborhood.

The tenant services team of David W. Campbell, executive vice president and partner, and Robert B. Cleary, JR., SIOR, president and co-managing partner of the Codman Co., represented First Marblehead in the transaction, assisted by Peter Farnum, principal, of Trammell Crow Co. Property owner, OMV Associates Limited Partnership was represented by Ogden White, vice president, of CB/Richard Ellis Whittier Partners and John Karnath, managing director, of Capital Properties.

Cleary tells GlobeSt.com that the deal represents an expansion from a lease that was about to expire and nearly doubled the financial company’s space in the building. Cleary notes that First Marblehead looked at a number of other locations but the familiarity and existing business units of the Park Square Building weighed heavily in its favor.

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