Terms of the lease were not disclosed but according to a market study by Richards Barry Joyce & Partners lease rates in the Route 128 submarket average about $25 per sf for class A office space.
Kent, along with Sean Teague, also with Trammel Crow, handled the transaction for Gulf Oil while Mike Ripp, Andy Majewski and Matt Siciliano, all with CB Richards Ellis/New England, handled the transaction for the landlord, TA Associates, of Boston.
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.