facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Lease

/

217 Congress St, Boston, MA...

Comniscient Technologies, LLC Leases Office At 217 Congress St, Boston
LEASEDOffice

Comniscient Technologies, LLC Leases Office At 217 Congress St, Boston

217 Congress St, Boston, MA, 02110

Building Size

10,769 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

Located at 217 Congress St, Boston, MA, 02110, the office property spans 10,769 square feet. The tenant, Comniscient Technologies, LLC, entered into a lease agreement with the landlord, Drucker Associates. The tenant was represented by Patrick Nugent from JLL.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Market: Boston
  • Tenant: Comniscient Technologies, LLC
  • Landlord: Drucker Associates
  • Square Feet: 10,769
  • Tenant's Rep: Patrick Nugent (JLL)

Newmark recently completed multiple lease agreements at 211 Congress Street in Boston, MA. The 11-story office building, totaling 80,000 square feet, is owned by an affiliate of Drucker Associates. The property is managed by Lincoln Property Company. Notably, the location offers convenient access to various transportation options and nearby shopping and dining establishments, providing tenants with a desirable working environment.

Players

Patrick Nugent

JLL

Broker

$56M

vol

3 deals

Broker
DA
Drucker AssociatesLandlord

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