Paradigm Cos Leases Office Space On Wormwood Street In Boston
27-43 Wormwood Street
Building Size
15,909 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The office asset involved in this lease transaction is located at 27-43 Wormwood Street in Boston, with a total square footage of 15,909. The landlord for this property is Paradigm Cos.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant's Representative: Kirk Weller (Avison Young), Robert Katz (Avison Young)
- Tenant: PA Consulting
- Location: 27-43 Wormwood Street, Boston
PA Consulting, a global innovation and transformation consulting firm, was represented in the lease negotiations by Kirk Weller from Avison Young's Boston office and Robert Katz from the firm's Washington, DC location. The landlord for this property was represented by James Brady and Tim Bianchi of Newmark Knight Frank.
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