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179 Lincoln St, Boston, MA,...

OUTFRONT Media Leases 7184 Square Feet At 179 Lincoln St Boston From Invesco Real Estate
LEASEDOffice

OUTFRONT Media Leases 7184 Square Feet At 179 Lincoln St Boston From Invesco Real Estate

179 Lincoln St, Boston, MA, 02111

Building Size

7,184 SF

Asset Type

Office

Closing

Jun 22, 2017

AI

The property asset involved in this transaction is located at 179 Lincoln St, Boston, MA, 02111, within the Boston market. It consists of a total area of 7,184 square feet and is part of a larger complex where Invesco Real Estate has recently completed negotiations on six office leases totaling more than 70,000 square feet at its Class A asset in downtown Boston.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not specified
  • Address: 179 Lincoln St, Boston, MA, 02111
  • Market: Boston
  • Tenant: OUTFRONT Media
  • Tenant's Representative: John Butterworth - CBRE
  • Landlord: Invesco Real Estate
  • Square Feet: 7,184

In this transaction, John Butterworth represented the tenant, OUTFRONT Media, while Invesco Real Estate acted as the landlord. Other key individuals involved in the overall negotiations include CBRE/New England Executive Vice President Tim Lyne and Senior Vice President Tim Howe, representing the landlord in all related transactions within the building along with JLL Managing Director Ben Heller and Executive Vice President Patrick Nugent for Power Advocate, and Cresa’s John Coakley and Paul Delaney for XPO Logistics.

Players

John Butterworth

CBRE

Broker

1 deal

Broker
Hughes Marino
Hughes MarinoBrokerage
Invesco Real Estate
Invesco Real EstateLender
Invesco Real Estate
Invesco Real EstateLandlord

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