Tishman Speyer secures 106,000 s/f lease to the Commonwealth of Massachusetts at One Federal St.

Boston, MA Tishman Speyer has secured a 106,000 s/f lease with the Commonwealth of Massachusetts through the Division of Capital Asset Management and Maintenance (DCAMM) at One Federal St., its 38-story tower in the Financial District. 

DCAMM is responsible for facilities management and real estate services for the Commonwealth of Massachusetts. Under the 10-year lease, the Commonwealth will bring together employees from six state agencies into two full floors at One Federal St. by early 2025. The agencies, which will relocate their offices from 1000 Washington St. and 501 Boylston St., are the central administrative executive offices for the office of consumer affairs and business regulation; division of banks; department of telecommunications and cable; division of standards; division of licensing; and division of insurance.

“One Federal’s efficient and sustainable design, robust amenities, and premier location create the ideal environment for these Commonwealth agencies to come together,” said Tishman Speyer managing director Jessica Hughes. “The tower is an important driver of the Commonwealth of Massachusetts and city of Boston’s regional economy and we are thrilled to welcome DCAMM to our thriving community.”

These groups will come together in new offices by utilizing existing buildouts from previous customers of One Federal St. The plan aligns with both DCAMM’s and Tishman Speyer’s sustainability initiatives and provided significant financial benefit and efficiency for the Commonwealth’s agencies.

Occupants of the 1.11 million s/f tower have access to an amenity program including on-site retail and restaurants (Eastern Bank, Everybody Fights, Luma’s, Potbelly, Josie’s Green) concierge service, and a covered parking lot. Located on the ninth floor is 90FS, a premier venue for private events that boasts city views and an unrivaled indoor-outdoor experience with an open-air terrace with rooftop garden. Customers also have access to ZO, Tishman Speyer’s global amenities network. 

Tishman Speyer was represented in-house by Jeffrey Moore and Victoria Robinson.

One Federal St. is located at the center of the Financial District with excellent access to public transportation including the Red, Green, and Orange MBTA lines. It is also in close proximity to South Station’s MBTA Commuter Rail and Amtrak services, Post Office Square, Downtown Crossing, and Faneuil Hall.