Commercial and residential real estate news briefs from the most active U.S. markets
John Hancock Tower
From the June issue: Bain Capital, a private equity firm based in Boston, has signed a 15-year lease for 208,000 square feet of office space in Beantown’s tallest building, the John Hancock Tower, according to GlobeSt. The Hancock Tower contains 1.8 million square feet, spread out over 62 stories, and Bain’s lease brings the building, considered by many to be Boston’s most iconic tower, to 95 percent capacity. Cushman & Wakefield represented both tenant and landlord — a partnership between Normandy Real Estate Partners and Five Mile Capital — in the transaction. While the cost of the lease was not immediately clear, an anonymous source told the Boston Globe that Bain is likely to pay in the “low-$50s-per-square-foot range.” Click here for more real estate news from around the country. Compiled by Amy Tennery
