News: Front Section
Posted: September 13, 2024
Carr Properties completes 21,910 s/f lease
renewal at 200 State St. to FTI Consulting
Boston, MA Carr Properties (Carr), a leading owner, operator, and developer of commercial office and residential properties, has completed FTI Consulting’s renewal of its lease at 200 State St. in the Financial District. The firm will continue to occupy 21,910 s/f on the 9th floor of the 16-story office building, which now stands at 94% leased.
“Over the years, we have seen FTI Consulting continue to grow at 200 State St.,” said Oliver Carr III, CEO of Carr Properties. “FTI’s renewal reaffirms 200 State St.’s appeal to leading organizations, offering a newly renovated lobby and on-site coffee bar, state-of-the-art fitness center, and unobstructed views of the Boston Habor. We look forward to continuing our partnership and maintaining an exceptional workplace that continues to meet their evolving needs.”
FTI Consulting is a market-leading global consulting firm with more than 8,000 employees in offices across 33 countries in the Americas, Asia, Europe, Africa and the Middle East. From acting as a trusted advisor in recent landmark celebrity legal cases to disputed presidential elections, their global teams provide expert assistance across a wide range of business and economic issues.
200 State St. is a 16-story, LEED Gold office building located on the Greenway adjacent to Faneuil Hall Marketplace. The building is suited for a variety of customer layouts with structural columns concentrated at its perimeter allowing for column-free interior; nine-foot finished ceiling heights and flexible floorplates averaging 20,000 s/f. The building offers views of Boston Harbor and access to public transit.
Recently, Carr delivered an extensive building renovation which included a full upgrade of the main lobby, an addition of a large fitness center with locker and shower facilities, and the installation of a café lobby kiosk offering food and beverage service from For Five Coffee Roasters.
In addition to 200 State St., Carr’s local portfolio includes One Congress, a downtown tower totaling one million s/f. One Congress is 100% leased and serves as the global headquarters of State Street Bank and InterSystems, and other leading companies.
FTI Consulting was represented by Connor Faught of Colliers in the lease transaction. Carr Properties was represented by Tim Bianchi, Deb Gould, and Bill Anderson of Newmark.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.