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
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