The company renewed its lease for space on the twenty-first, twenty-second and twenty-third-floors of the property. The deal includes a 9,000 sf expansion of the firm's space onto the twenty-third floor of the building. The lease term is 12 years. Lease rates for this deal were not available but space in the building goes for approximately $48 per sf.

Andrew Hoar, president/co-managing partner, Timothy M. Lyne, executive vice president/partner, Andrew J. Maher, vice president, and William J. Crean Jr., assistant vice president of CB Richard Ellis, were involved in the transaction. Lyne represented the tenant while Hoar, Maher and Crean represented property owner, TIAA CREF and SITQ Immobilier.

Hoar points out that this deal began two years before Boston Capital's lease was due to expire. He notes that Boston Capital is the second largest tenant in the 769,153-sf building. Built in 1970, over the past three years, the 41-story office tower has undergone a $10 million renovation, including a new lobby, a new HVAC system and new elevators.