McCarter & English Signs 11-Year Lease At One International Place For 47,466 Square Feet
International Pl
Building Size
47,466 SF
Asset Type
Office
Closing
Apr 23, 2026
AI
One International Place is an office asset located in Boston, MA, with a total square footage of 47,466. The property is part of a significant repositioning effort, with a notable investment of $100 million dedicated to enhancing its facilities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: One International Place, Boston, MA
- Landlord: Donald Chiofaro - The Chiofaro Company & Jacques Chappuis - PGIM
- Tenant: Joseph T. Boccassini - McCarter & English
- Broker Representatives: Debra Gould & Alison Cavanaugh - Newmark
- Lease Term: 11 years
- Current Tenant Location: 265 Franklin Street
- Relocation Date: May 2027
This lease agreement marks a strategic move for McCarter & English as they transition from their previous location. The involvement of Donald Chiofaro and Jacques Chappuis as landlords highlights the collaborative effort behind the property's repositioning, while the representation of Debra Gould and Alison Cavanaugh from Newmark signifies the brokerage's role in facilitating the lease terms.
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