Normandy Real Estate Partners and Five Mile Capital Partners have executed a lease for Bain Capital to relocate its Boston offices to the John Hancock Tower.
Bain Capital, a private investment firm, has signed a 15 year lease spanning at least seven contiguous floors of Boston’s tallest office tower.
It initially comprises 208,000 square feet, with the option to expand to up to 270,000 square feet prior to occupancy.
Bain Capital anticipates occupying its new offices beginning in the autumn of 2011.
The new lease will bring the total occupancy at the John Hancock Tower to approximately 95 per cent.
"We are honoured to welcome Bain Capital, one of Boston’s most prominent and respected companies, to the first class roster of firms that call the John Hancock Tower home," says Jeffrey Gronning, managing principal, Normandy Real Estate Partners. "We are currently investing significant capital and resources to renew the building’s environment and amenities, which along with our high quality tenant base firmly establishes the John Hancock Tower as Boston’s premier business address."
"We are excited to be moving our Boston offices to the John Hancock Tower," adds Sean Doherty (pictured), a managing director at Bain Capital. "The John Hancock Tower is an enduring symbol of Boston and represents our city’s standing as one of America’s leading business centres. It’s a terrific building, which will be a great platform for our business and its employees for the next 15 years."
The John Hancock Tower is located at 200 Clarendon Street in Boston’s Back Bay District. It is comprised of almost 1.8 million square feet and at 62-stories is the tallest building in New England.
