Hancock Tower Tenant Renews for 28,000 SF

BOSTON-One of New England’s most recognized office towers has secured a full-floor tenant, as Lee Munder Capital Group has renewed its full-floor lease at the John Hancock Tower. Servicing high-net worth individuals and institutional clients, the investment management firm occupies nearly 28,000 sf on the 28th floor of the building at 200 Clarendon St.

“We are confident that Lee Munder’s tenancy is a perfect fit for the building and the company’s longer-term goals,” DTZ FHO Partners principal Barry Hynes says in a release. Hynes, who negotiated the lease for Lee Munder with colleague Rick Fahey, says his client was focused on “quality and value” in its space search, and was ultimately able to combine the two goals and still remain in its long-time home at 200 Clarendon St.

Lee Munder Capital Group president Ken Swan declined to discuss terms of the lease, but praises DTZ FHO for structuring terms that allows the company to lock in its real estate costs “for the foreseeable future, putting a critical issue behind us.” The 62-story, 1.5-million-sf tower is owned by Broadway Real Estate Partners, who was represented in the negotiations by David Martel of Cushman & Wakefield.