Bank of American Signs 545K Lease Renewal Deal at Boston Office Tower

BOSTON—Bank of America has signed a major lease renewal for its flagship Boston location at Boston Properties’ 100 Federal St. office tower here.

The bank has signed a new 15-year lease deal for 545,000-square feet or roughly half of the 1.2-million-square-foot, 37-story office building at 100 Federal St.. The lease deal is an early renewal of Bank of America’s lease that was scheduled to expire in 2022. The property is 99% leased.

“We are thrilled that Bank of America chose 100 Federal as its flagship Boston location,” said Bryan Koop, EVP, Boston region for Boston Properties. “The Exchange at 100 Federal has become a popular and vibrant new gathering space at the base of the tower and created new opportunities to enhance our customers’ experience.”

Boston Properties recently completed the development of The Exchange, a new, glass entrance atrium and event space featuring quick-service food and coffee options, a planned full-service restaurant, as well as dynamic media and art content. The Exchange serves as a year-round, enclosed complement to the adjacent Post Office Square Park, providing opportunities for connection and informal gathering, as well as programming throughout the year, Boston Properties officials note.

In February, Boston Properties inked another major lease deal in the greater Boston area with the 362,000-square-foot lease with Google at Boston Properties’ 325 Main St. building in Kendall Center, Cambridge, Massachusetts. The lease agreement will bring Google’s total leased space from Boston Properties to more than 800,000 square feet in Cambridge.

Boston Properties is the largest publicly-traded developer, owner and manager of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The company’s portfolio totals 51.4 million square feet and 196 properties, including 11 properties under construction