The Boston office of Lincoln Property Company today announced that it has represented ownership throughout a 20,000 square foot lease renewal negotiation at 40 Court Street in Boston’s Financial District. A quartet of LPC’s downtown brokerage group led by John Miller and supported by Roberto Magno, Brendan Miller and Brian Collins negotiated on behalf of ownership, while the tenant, Mass League Community Health Centers, was represented by Bob Cleary of DTZ.
Mass League originally moved into 40 Court Street during 2005 and has since relocated and grown within the building to now occupy the entire 9th and 10th floors as well as part of the 11th floor. As the largest tenant in the building it was important for both sides to understand the market and work diligently towards a successful execution. As Miller noted, “new ownership is committed to holding this building for a long period and subsequently has invested heavily in lobby improvements and mechanical upgrades. From Day 1 it was our primary objective to renew Mass League and we are thrilled to have reached an agreement.”
As one of Boston’s most accessible buildings to the Green Line and Government Center, 40 Court Street, has become a leader in the Class B market. Recent capital improvements, coupled with the March 2016 re-launching of the Government Center station have the asset positioned for great success. “We’ve seen a shift in the market and you have these smaller tech and creative tenants now flooding Downtown. These types of tenants are looking for the ‘cool factor’ with exposed ceilings, open layouts, glass partitions and contemporary finishes” added LPC’s Miller.
Brendan Miller Landlord Representation