Geller Benjamin LLP Leases 3513 SF Office At 69 Canal Street Boston With Artemis Partners
69 Canal Street
Building Size
3,513 SF
Asset Type
Office
Closing
May 23, 2025
AI
The asset involved in this lease transaction is an office space located at 69 Canal Street, Boston, MA. The total square footage of the property is 3,513 square feet, catering to the needs of a professional environment.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 69 Canal Street
- Market: Boston, MA
- Landlord: Artemis Partners
- Tenant: Geller Benjamin, LLP
- Brokers: Jeffrey Gates & Kirk Weller - Avison Young
This lease represents a significant move for Geller Benjamin, LLP, as they transition from a co-working space to their first dedicated office. The representation in this deal was managed by brokers Jeffrey Gates and Kirk Weller of Avison Young, who facilitated the arrangement between the parties involved.
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