Jeffrey Hart, a partner at Tarlow Breed, tells GlobeSt.com that the firm looked into expanding in the Custom Street building because they wanted to remain in the city's business district. It wasn't possible to remain at 21 Custom and the firm couldn't find appropriate space in the district.
The building, which is attached to the Prudential center mall, and the general area of the Back Bay made the move feasible, according to Hart. Lease rates for this deal were not available, but Hart says that the rates were comparable to those in the business district. The average asking rent for space in the building is about $35 per sf, with space on the higher floors of the 25-story building going for more. Rick Fahey of Trammell Crow Co. represented the firm in the transaction.
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.
