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Cresa Partners Relocates with 11,000-SF Lease

BOSTON-Cresa Partners relocates its corporate headquarters from 84 State St. to 200 State St. The firm is leasing 10,700 sf on the 13th floor of the 15-story building which is located in the financial district on the waterfront.

By Naomi Grossman | Updated on May 14, 2004

BOSTON-Cresa Partners, a corporate real estate advisory firm specializing in tenant representation, relocates from 84 State St., a Class B building, to 200 State St., aClass A building. The firm is leasing 10,700 sf on the 13th floor of the 15-story building. The new location will serve as the corporate headquarters for Cresa.

Cresa says the move represents a significant upgrade in building quality and space efficiency and demonstrates that the current tenant’s market enables tenants to lock inlong-term office leases at better rates. The building is located in the financial district on the waterfront.

“This is a classic example of a flight to quality,” says Cresa Partners principal Claude Hoopes, who, along with Rick Lowe and James Topper, negotiated the seven-year lease. Property owner Sullivan Properties was represented by John Barry of Richards Barry Joyce Partners. Sullivan Properties’ corporate offices are located on the 12th floor of 200State St.

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