Boston Properties Leases Office Space At 280 Congress St, Boston, MA
280 Congress St, Boston, MA, 02210
Building Size
—
Asset Type
Office
Closing
Nov 20, 2023
AI
The office lease transaction pertains to a 32-story office building at 280 Congress St in Boston, MA, 02210. The asset type is office, and the landlord is Boston Properties. The tenant, Columbia Threadneedle Investments, a global asset management firm, has signed a lease for its new headquarters at Atlantic Wharf. The tenant will be moving into the building next summer. The lease was negotiated by Cushman & Wakefield's John Boyle, Michael Joyce, Tom O’Regan, and Maeve Cleary.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant's Reps: John Boyle, Michael Joyce, Tom O'Regan, Maeve Cleary
- Tenant: Columbia Threadneedle Investments
- Expected Move-in Date: Next summer
The new headquarters lease for Columbia Threadneedle Investments at the 32-story office building in Boston reflects a strategic move for the global asset management firm, which boasts a substantial workforce spread across 17 countries. The leasing negotiations were facilitated by the tenant's representatives from Cushman & Wakefield, showcasing a collaborative effort in securing this prominent office space within the Boston market.
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