Toast Inc Subleases 102,000 SF Office Space At 333 Summer St In Boston

Toast Inc, a restaurant tech company, has signed a sublease agreement with the GoTo Group to occupy around 102,000 square feet of office space at 333 Summer St in Boston, MA. The sublease term will last until June 30, 2028, with Toast committing to a total of $17 million in rent over the period. The move is planned for next year, and Toast will be taking over the space formerly occupied by the GoTo Group.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17 million
• Address: 333 Summer St, Boston, MA
• Market: Boston, MA
• Landlord: GoTo Group
• Tenant: Toast Inc
• Asking Rent: $3,400,000/year
• Square Footage: 102,000
• Lease Type: Sublease

The sublease deal between Toast Inc and the GoTo Group represents a significant move for the restaurant tech company as it expands its operations. Toast will have access to spacious office space in the prime location of 333 Summer St, positioning the company for further growth and development in the Boston market. This move highlights the GoTo Group's willingness to accommodate subleasing arrangements and demonstrates the positive outlook for the office space market in the area.