CitiBank, represented by Meredith & Grew, leases 5,787 s/f of retail space
Citibank, a division of Citigroup, Inc., the global financial services company, has leased 5,787 s/f of premier street-level retail space at 99 High St., a 730,000 s/f signature first class office and retail building in the city's Financial District. The space is on the corner of High and Congress St. and serves as the 11th Citibank retail branch to open in Greater Boston area.
Meredith & Grew senior vice president Ted Chryssicas and associate Jon Martin represented the tenant. Jones Lang LaSalle managing director Bill Barrack and vice president Ben Heller represented the landlord, TIAA-CREF, in the transaction.
An extensive capital improvements program at the building is now underway. The upgrades a new monumental portal entrance, granite facade on the lower levels, awnings and planters at street level, lobby lighting, and system updates. The new 99 High rises above the Rose Kennedy Greenway. Distinctive features include: panoramic water and skyline views; a flexible office layout; efficient floor plates of 25,000 s/f; telephone and data capabilities; enhanced electrical; and parking within the building.
Jones Lang LaSalle has completed over 320,000 s/f of leasing in the building over the last five years. Current tenants include Adams Harkness, NASD, KPMG and AON. The management team is comprised of senior vice president Dan Ozelius and vice president Bruce Clifford. Jones Lang LaSalle managing director Mark David oversees all construction activities. Elkus/Manfredi Architects is designing the renovations.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
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