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Berklee Leases 9,271 Square Feet At 699 Boylston Street In Boston's Back Bay

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LEASED

Massachusetts

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Mixed-use9,271 SF
Leased 10/11/2024
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Property Image
LEASED

Berklee Leases 9,271 Square Feet At 699 Boylston Street In Boston's Back Bay

699 Boylston Street

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Mixed-use9,271 SF
Leased 10/11/2024
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:9,271 SF
Transaction Type:Lease

The property involved in this transaction is a mixed-use asset located at 699 Boylston Street in Boston, MA. This space spans 9,271 square feet and has been leased by Berklee to develop state-of-the-art dance studios, as well as a retail concept featuring smoothies and açaí bowls. The property is situated in Boston’s Back Bay, a notable area known for its vibrancy and commercial activity.

Summary of transaction details:

In this deal, Berklee is represented by the brokers Ted Chryssicas from Newmark and Ellen Fantini Cullinan from Freudenheim Partners. This collaboration is set to transform the space to accommodate the institution's needs while introducing a new retail concept to the area.

Players

Ellen Fantini Cullinan
13 deals$11.8M volume(617) 835-3323
BROKER

Details

LEASED
IMAGE: Ted Chryssicas & Ellie Cullinan DATE: 10/11/2024 ADDRESS: 699 Boylston Street MARKET: Boston, MA ASSET TYPE: Mixed-use ~ SF: 9,271 TENANT: Berklee BROKERS: Ted Chryssicas (@TedChryssicas) - Newmark (@Newmark) & Ellen Fantini Cullinan (@EllieFantiniCullinan) - Freudenheim Partners NOTE: Berklee secured a 9,271-square-foot retail and office space at 699 Boylston Street in Boston’s Back Bay to create state-of-the-art dance studios and house a new smoothie and açaí bowl retail concept, Melo.

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Deal Type
Effective Rent (Annual)

$531,408.13

Total Lease Value

$5,314,081.25

Net Landlord Cash Flow$531,408.13