Living Proof Leases 27,528 Square Feet At 1 Design Center Pl Boston With Landlord Jamestown
1 Design Center Pl, Boston, MA, 02210
Building Size
27,528 SF
Asset Type
Mixed-use
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 1 Design Center Pl, Boston, MA, 02210. The leased space consists of 27,528 square feet within the Innovation and Design Building, a mixed-use complex in Boston's Seaport District. The property is part of a 1.4 million square foot development that houses various design-related showrooms and serves as a resource for design professionals in the area.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 Design Center Pl, Boston, MA, 02210
- Market: Boston
- Tenant: Living Proof
- Landlord: Jamestown
- Tenant's Representative: Christopher Walsh-Cushman & Wakefield
- Landlord's Representative: Kelly Lockberg-JLL
- Square Feet: 27,528
The deal involved key individuals including John Boyle and Chris Walsh from Cushman & Wakefield, representing Living Proof. Kelly Lockberg and Ryan Enright of JLL represented the landlord, Jamestown. SGA is responsible for the design of the new headquarters, ensuring the environment aligns with Living Proof's scientific approach to haircare.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93