Updated Dec 11, 2024
L.E.K. Consulting Renews And Expands Lease At 75 State St, Boston
75 State St, Boston, MA, 02109
Building Size
78,000 SF
Asset Type
Office
Closing
Dec 24, 2019
About this deal
AI
The property involved in the lease transaction is located at 75 State St, Boston, MA, 02109. The asset is an office space spanning 78,000 square feet within the Boston market. The tenant, L.E.K. Consulting, has renewed and expanded its lease by 15,000 square feet, bringing their total footprint in the Class A office building to 78,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: L.E.K. Consulting
- Tenant's Rep: Nathanael Kessler(JLL)
- Landlord: DivcoWest
- Square Feet: 78,000
Nat Kessler and Kevin Kennedy of CBRE were the representatives for L.E.K. Consulting in the lease negotiations at 75 State Street. Rockpoint Group, alongside DivcoWest, served as the landlords involved in the transaction.
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Office
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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