Gillette Move Puts 500,000 SF in Play

BOSTON-About 375,000 sf of Prudential Tower space has hit the market–with more to come–as the Gillette Co. prepares to move its corporate headquarters to its South Boston manufacturing facility. The 375,000 sf represents about 12 floors of the 19 floors Gillette leases in the 1.2-million-sf Back Bay tower, Gillette’s Michael Norton tells GlobeSt.com.

Norton says the Gillette relocation is part of a plan by Proctor & Gamble, Gillette’s parent firm, to put all of the company’s operations on one campus. As part of that relocation, Proctor & Gamble will spend between $35 million and $50 million to upgrade its One Gillette Park facility in South Boston.

Gillette’s move from the Prudential Tower to South Boston, which is expected to be completed by December 2009, will put a total of 500,000 sf of prime Back Bay sublease space on the market in an area where large blocks of contiguous office space is a highly sought after commodity.