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27-43 Wormwood Street

Paradigm Cos Leases Office Space On Wormwood Street In Boston
LEASEDOffice

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

Kirk Weller

Avison Young

Broker

6 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