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Gillette Markets 325,000 SF in Pru Center

BOSTON-The Gillette Co. has put 325,000 sf of office space on the market as its parent company, Proctor & Gamble, pares back on the firm's Boston operation.

By Beverly Ford | Updated on August 17, 2006

BOSTON-The Gillette Co. has put more than half of its Prudential Center space on the market as the firm’s parent company, Proctor & Gamble, continues scaling back on its local operation. A Gillette spokesman tells GlobeSt.com that the firm, which occupies 19 floors in the Back Bay tower, has put about 325,000 sf of office space up for sublease while the company decides its options.

The space is one of the biggest blocks of office space to come on the market at the Prudential Center in years, realtors say. “We can restack some of the floors at the Pru or move to office space at the South Boston manufacturing facility,” says the spokesman, noting that the company’s decision to reconsider its space needs was prompted by a wave of relocations and job cuts.

Richards Barry Joyce & Partners, which is working to sublease the space for Gillette, declined to comment citing a confidentiality agreement with the firm. But Rick Lowe, a principal with Cresa Partners in Boston, tells GlobeSt.com that such a large chunk of office space on the market could loosen up the office market and stabilize rents in the Back Bay. The Back Bay has become one of the hottest office markets in the city in recent quarters.

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