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1 Design Center Pl, Boston,...

Living Proof Leases 27,528 Square Feet At 1 Design Center Pl Boston With Landlord Jamestown
LEASEDMixed-use

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

Christopher Walsh

Cushman & Wakefield

Broker

1 deal

Broker
Jamestown
JamestownLandlord
Living Proof
Living ProofTenant

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