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
Boston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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