Daily limit: 0/10
Coverys Restructures Lease For 56936 Square Feet At One Financial Center In Boston
LEASED
Massachusetts
See Similar DealsOffice56,936 SF
Leased 09/24/2025
LEASED
Coverys Restructures Lease For 56936 Square Feet At One Financial Center In Boston
1 Financial Center
See Similar DealsOffice56,936 SF
Leased 09/24/2025
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:56,936 SF
Transaction Type:Lease
The asset involved in this lease transaction is an office space located at 1 Financial Center in Boston, MA. The leased area encompasses 56,936 square feet, situated across the 13th and 14th floors of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Boston, MA
- Tenant: Coverys
- Landlord's Representative: Bryan Sparkes - JLL
- Tenant's Representatives: Christopher Rogers & Ellen Fantini Cullinan - Freudenheim Partners
This transaction reflects Coverys's strategic realignment of its leasing terms to enhance cost efficiency and adapt to changing operational requirements linked to hybrid work models. The brokerage representation by Freudenheim Partners was instrumental in navigating the lease restructuring for Coverys at One Financial Center.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,263,537.16
Total Lease Value
$32,635,371.62
Net Landlord Cash Flow$3,263,537.16
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