News: Front Section
Posted: April 13, 2018
NKF completes 53,912 s/f lease at 101 Federal St.
Boston, MA According to Newmark Knight Frank, executive managing director David Martel, senior managing director Tim Bianchi and managing director Alison Cavanaugh completed a 53,912 s/f lease to Salsify, Inc. at 101 Federal St. on behalf of the owner, 75-101 Fed Owner, L.L.C. Salsify, Inc. is relocating to 101 Federal St. from 3 Center Plaza, where the firm currently leases 30,000 s/f.
Originally built in 1988, 101 Federal St. is a 561,542 s/f, 31-story, class A office tower offering views of Boston Harbor and Back Bay. The building is part of 75-101 Federal St., an 826,338 s/f office complex consisting of two buildings interconnected by a shared, lobby: 75 Federal St. and 101 Federal St. Located in downtown one block west of Congress St., the complex is in close proximity to Post Office Sq. and South Station and is surrounded by retail and restaurants. 75-101 Federal features modern on-site amenities such as a cycling studio, café, large floor plates, flexible workspace, a 10,000 s/f tenant-only fitness center, a newsstand/sundry shop and a 196-space below-grade valet parking garage.
Martel, Bianchi and Cavanaugh represented ownership in the lease negotiations and will continue to market the remaining availability. Charles Kavoogian of CBRE-NE represented Salsify, Inc.
“We are pleased to have represented Ownership in this significant lease transaction,” said Bianchi. “Salsify, Inc. is a dynamic and growing firm, which is the perfect fit for 101 Federal St. The building’s premiere location and modern amenities make it ideal for companies like this- on the rise.”
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