Deloitte Secures 138,000 SF Lease At Boston's Winthrop Center From Millennium Partners
115 Federal Street Boston, Massachusetts 02110, USA
Building Size
138,000 SF
Asset Type
Office
Closing
Jul 6, 2023
AI
Deloitte has secured a lease for 138,000 square feet at Boston's newly constructed Winthrop Center, located at 115 Federal Street. This lease agreement marks the largest in Boston this year, solidifying Deloitte's presence in the city's office market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 115 Federal Street, Boston, MA
- Market: Boston, MA
- Tenant: Deloitte
- Landlord: Millennium Partners
- Square Footage: 138,000
The lease agreement at Winthrop Center showcases the thriving demand for office space in Boston and highlights Deloitte's commitment to expanding its operations in the city. The modern and strategically located Winthrop Center provides Deloitte with a prime business address and ample square footage to accommodate their needs.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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