Joe Fallon and Bob DeLaney, both principals of Trammell Crow Co., represented Ernst & Young in the transaction while Stephen Lynch, principal of CBRE/Lynch Murphy Walsh Advisors, represented property owner, Beacon Capital Partners, LLC.
The 1.6-million-sf, class A office tower is nearly fully leased with about 30,000 sf available. The building is part of the John Hancock Complex, which also includes 200 Berkeley St., 197 Clarendon St. and the Garage @ 100 Clarendon. This four-building complex comprises nearly three million sf of office and retail space as well as 2,000 parking spaces.
Lease rates for this deal were not available but according to Cresa Partners' third quarter market update reports, space in class A office space in the city gets an average of $39 per sf.
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