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200 State Street

FTI Consulting Renewed 21,910 Square Foot Office Lease At 200 State Street Boston
LEASEDOffice

FTI Consulting Renewed 21,910 Square Foot Office Lease At 200 State Street Boston

200 State Street

Building Size

21,910 SF

Asset Type

Office

Closing

Sep 9, 2024

AI

The property involved in this transaction is an office asset located at 200 State Street, Boston, MA, with a total square footage of 21,910. This office lease renewal highlights the property's significance in the downtown Boston market.

Summary of transaction details:

This lease transaction was a renewal for FTI Consulting, which continues to occupy 21,910 square feet within the property. The parties representing the landlord and tenant played key roles, with Colliers International representing FTI Consulting and Newmark representing Carr Properties.

Players

Debra Gould

Newmark

Broker

$614M

vol

4 deals

Broker

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