BOSTON - Cassidy Turley FHO, a leader in the commercial real estate services field with extensive experience in the greater Boston office market, today announced that Spear Street Capital has selected the firm as its exclusive leasing agent for nearly 260,000-square-feet of office and retail space at 281 Summer Street and 321 Summer Street in the Fort Point Channel neighborhood of Boston’s Seaport District. The historic office buildings were constructed in 1910 (281 Summer Street) and 1911 (321 Summer Street) and have undergone significant renovations in recent years. Spear Street Capital will invest significant additional capital into the properties, including lobby enhancements and upgrades to the base building systems.
281 Summer Street is an eight-story, 165,000-square-foot building and 321 Summer Street is a nine-story, 95,000-square-foot building. Both facilities are perfectly situated minutes from public transportation and major highways, and steps from excellent dining and retail options. Thirty-four percent of the office space in 281 Summer Street is currently available for companies looking to relocate to one of Boston’s most exciting neighborhoods.
“We are excited to be part of the team for these buildings. Having available space in the Innovation District creates a great opportunity to add exciting, dynamic companies to our buildings,” said Glenn Verrette, Senior Managing Director, Principal at Cassidy Turley FHO. “The Seaport District is one of the hottest real estate submarkets in the country, and we are confident both buildings will be highly attractive destinations for tenants, especially due to the unparalleled location, amenities and access that the dynamic environment the Innovation District provides.”
NELSON a global architectural with offices in Downtown Boston, has been selected by Spear Street Capital to provide architectural and design services. Stacy Chambers, Managing Director, will lead the NELSON team.
“We are very excited about this opportunity to partner with Cassidy Turley and Spear Street Capital by providing design and planning services to their current and future tenants,” said Chambers. “Our three firms share an uncommon commitment to building and maintaining relationships with our clients and service partners, which makes Cassidy Turley the perfect addition to the team.”
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Spear Street Capital is a real estate investment company based in San Francisco, with properties located throughout the US. The company focuses on office assets and portfolios greater than $25 million. Spear Street Capital has bought, sold, developed or competed as buyers in every major office market across the nation and has creatively structured acquisitions to meet the needs of diverse sellers, including corporations, lenders, and domestic institutions. Please visit www.spearstreetcapital.com for more information.
NELSON is an integrated architecture, design, engineering and planning firm that offers single-source solutions for clients with facility-oriented needs. Founded in 1977, the firm performs work worldwide through an established network of national and international locations. Interior Design magazine ranks NELSON as #3 nationally among firms that specialize in corporate/office interiors. For more information, please visit www.nelsononline.com.
Linda M. McDonough