Eoin Tonge Of Primark Leases 9,396 Square Feet At 101 Arch Street Boston With David Greaney As Landlord
101 Arch Street
Building Size
9,396 SF
Asset Type
Retail
Closing
May 15, 2025
AI
The asset involved in this transaction is a retail space located at 101 Arch Street, Boston, MA, encompassing a total of 9,396 square feet. This property is situated adjacent to Primark's flagship store at 10 Summer Street.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 101 Arch Street
- Market: Boston, MA
- Landlord: David Greaney - Synergy
- Tenant: Eoin Tonge - Primark
- Broker: Jonathan Freni - CBRE
Primark has expanded its U.S. headquarters with this new lease arrangement at the specified location. The transaction involved David Greaney representing Synergy as the landlord and Eoin Tonge acting on behalf of Primark as the tenant, facilitated by broker Jonathan Freni from CBRE.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · 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