The owners Normandy Real Estate Partners and Five Mile Capital Partners executed the lease to relocate into the alpha-structure of Boston's skyline. This lease will bring the Hancock Tower to 95% occupancy when Bain moves into its space in the fall of 2011.
The class A trophy tower is at 200 Clarendon St. topping out at 62 stories comprised of 1.8 million square feet. Cushman & Wakefield's Gil Dailey, Dave Martel and Rob Griffin repped the tenant and Bill Anderson of C&W represented the landlord in the transaction. Normandy would not reveal lease rates in the transaction and C&W did not return GlobeSt.com inquiries by deadline. However, average asking lease rates for class A space in the Back Bay district is $48.52 per square foot.
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