Timothy M. Lyne, executive vice president/partner and Taigh McClory, associate of CB Richard Ellis/Whittier Partners represented Rich May, while Paul Dawson of Cambridge Asset Management LLC, asset manager, represented the property owner, Boston Property Management.
The 71,218-sf, Class A office building, known as the Weld Building, is located in the financial district. The building, which features immediate access to the South Station commuter rail and Route 93, is fully leased. Among its office tenants are Aequitas Investment Advisors, CoStar Group Inc., Faneuil Hall Assocs. Inc., Federal St. Investments, Key Global Capital Inc., Marcheil & Assoc., Nuland & Arshad Inc., Rochdale Investment Management, TFC Financial and United Gulf Management Inc.
Its ground floor retail space is leased to AT&T, Au Chocolat, Copley Flair, Dunkin' Donuts and Peets Coffee & Tea. Lease rates for this deal were not available, but the average asking rent for office space in the area is about $34 per sf.
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