January – Briefs/Leasing & Management
- Dec 18, 2013
Goodwin Procter Takes 500 KSF of Built-to-Suit Space in Boston
The Fallon Co. has finalized a lease agreement with Global 100 law firm Goodwin Procter L.L.P. The firm will move its Boston offices into a new high-rise tower at Fan Pier, one of the largest mixed-use developments sites in the country. Goodwin Procter L.L.P. will occupy the entirety of commercial space in a 500,000-square-foot, 17-story, built-to-suit tower. Construction should commence in early 2014, with anticipated completion in the spring of 2016.
Fan Pier is a joint venture between the Fallon Co. and Mass Mutual. Once completed, it will feature a total of eight commercial and residential luxury high-rises. Earlier this year, the Fallon Co. signed leases with Battery Ventures for 28,000 square feet and Polaris Partners for 16,000 square feet.
Greenspoon Marder Inks Renewal/Expansion in Fort Lauderdale
In a deal that marks the largest law firm lease renewal and expansion inked in South Florida for 2013 year-to-date, Greenspoon Marder has leased four full floors at the trophy tower 200 E. Broward Blvd. The new 64,964-square-foot lease expands the law firm’s presence in the building from one to four floors. Jones Lang LaSalle Inc. completed the lease on behalf of the building’s ownership, VV USA City L.P., an entity represented by Invesco Real Estate. Studley worked for Greenspoon Marder in finding and securing the space.
New Boston Fund Leases 97 KSF in Massachusetts
New Boston Fund Inc. has filled more than 97,000 square feet of space at its Watermill Center in Waltham, Mass. The largest of a trio of leases involved Global Partners L.P., a publicly traded Fortune 200 company, taking 72,714 square feet of space. Other transactions included private equity investment firm Fireman Capital Partners securing 17,565 square feet and BlueSnap, a global payment service provider, taking 7,491 square feet. Watermill Center is a six-story, 206,634-square-foot Class A office building that sits 10 miles west of downtown Boston.
White & Case Signs 58 KSF Renewal in Miami
Florida’s tallest and largest office tower will continue to serve as the home for White & Case L.L.P.’s Miami office, thanks to a 57,854-square-foot lease renewal. The transaction at the 1.2 million-square-foot Southeast Financial Center represents three full floors of office space and as of Nov. 25 was the fourth largest lease signed to date in Miami’s CBD in 2013. White & Case L.L.P. has occupied space at Southeast Financial Center since 1987.
Infor Expands with SL Green
Business software provider Infor has signed a long-term lease expansion for its headquarters space at 635-641 Avenue of the Americas in Manhattan. With an expansion of 49,246 square feet, the transaction more than doubles Infor’s footprint at the SL Green property to 92,246 square feet. The buildings were originally constructed in 1902 as one of the department stores along “Ladies Mile” before being divided and operated as two buildings. SL Green is currently performing a comprehensive, building-wide redevelopment to recombine the assets.
Law Firm Renews 129 KSF Lease at Silicon Valley Office Building
Fenwick & West is staying put in its Silicon Valley digs at 400 Castro St. in Mountain View, Calif. The law firm recently renewed its 128,781-square-foot lease of every single square foot of office space at the 150,000-square-foot property with owner Tishman Speyer, securing its downtown address for the next 15 years. It was an early renewal at the six-story tower, which also carries the address of 801 California St. and features 9,900 square feet of ground-level retail. The lease Fenwick & West signed when it moved into 400 Castro soon after the building’s 2002 completion had been scheduled to expire in 2017.
BBB Industries Inks 34 KSF Lease in Bohemia, NY
BBB Industries committed to 34,417 square feet of space at Rechler Equity Partners’ 1101 Lakeland Ave. location in Bohemia, N.Y. The automotive industry suppler is consolidating its location at 42 Windsor Ave. in Central Islip, N.Y., into the new facility. 1101 Lakeland Ave. is located within Rechler’s award-winning Airport International Plaza, adjacent to Long Island MacArthur Airport.
Jones Day Consolidates into Lower Manhattan
Jones Day is making a bet on Lower Manhattan. The global law firm signed a 20-year, 330,210-square-foot lease that consolidates three New York City locations onto floors 27 through 34 of Brookfield Place. It currently occupies 425,000 square feet across three separate locations: 222 E. 41 St., 605 Third Ave. and 220 E. 42 St. The move will take place in 2016. Studley brokered the transaction, just as it had the earlier transactions. Located at 250 Vesey St. on the Hudson River waterfront, the Brookfield Office Properties-owned Brookfield Place, which until recently was known as the World Financial Center, offers 7 million square feet of office space within four glass towers.