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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 200 State Street
- Market: Boston, MA
- Landlord: Carr Properties
- Tenant: FTI Consulting
- Landlord's Representative: Debra Gould, Timothy Bianchi & William Anderson - Newmark
- Tenant's Representative: Connor Faught - Colliers International
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
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