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115 Federal Street Boston, ...

Deloitte Secures 138,000 SF Lease At Boston's Winthrop Center From Millennium Partners
LEASEDOffice

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

MP
Millennium PartnersLandlord
D
DeloitteTenant

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