{"id":1004057214,"date":"2013-01-04T10:49:09","date_gmt":"2013-01-04T18:49:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=92461"},"modified":"2020-04-15T21:20:12","modified_gmt":"2020-04-16T05:20:12","slug":"converse-to-relocate-hqs-on-bostons-lovejoy-wharf","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\/","title":{"rendered":"Converse to Relocate HQs on Boston\u2019s Lovejoy Wharf"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

\"\"<\/a>North Andover, MA-based sneaker giant Converse wrapped up 2012 with a deal for 186,525 square feet of space in the Hoffman Building, one of the structures on Boston\u2019s Lovejoy Wharf.<\/p>\n

The Nike subsidiary has officially closed the transaction less than a month since developers Beal Cos. and Real Cos. unveiled plans<\/a><\/strong> to redevelop the area along the Charlestown Bridge in the city\u2019s historic Bullfinch Triangle. As previously reported here, the development team will upgrade and expand the existing 11-story Hoffman Building located at 160 North Washington Street into a 241,000-square-foot office structure. A second facility located at 131 Beverly Street will also be redeveloped into a 14-story residential building with 104 condo units.<\/p>\n

Converse will occupy all but one floor in the Hoffman Building but, according to the Boston Herald<\/a>,<\/em> the deal comes with a restriction that bans more than 45 shoe and clothing brands, such as Nike\u2019s direct competitors Adidas, Reebok and New Balance, from opening stores in Lovejoy Wharf\u2019s retail spaces.<\/p>\n

Robert Sheehan, research vice president at commercial real estate firm KeyPoint Partners of Burlington, told the Herald<\/em> that while it is very unusual that an office lease has an exclusion including retail space, the restriction can easily be explained by the fact that Converse is a retail company and the measure is only meant to protect its territory.<\/p>\n

Click here<\/strong><\/a> for more market data from Boston.<\/p>\n","protected":false},"excerpt":{"rendered":"

North Andover, MA-based sneaker giant Converse wrapped 2012 up with a deal for 186,525 square feet of space in the Hoffman Building, one of the structures on Boston’s Lovejoy Wharf.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[1815],"class_list":["post-1004057214","post","type-post","status-publish","format-standard","hentry","category-boston","category-latest","tag-national"],"acf":[],"yoast_head":"\nConverse to Relocate HQs on Boston\u2019s Lovejoy Wharf - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Converse to Relocate HQs on Boston\u2019s Lovejoy Wharf\" \/>\n<meta property=\"og:description\" content=\"North Andover, MA-based sneaker giant Converse wrapped 2012 up with a deal for 186,525 square feet of space in the Hoffman Building, one of the structures on Boston’s Lovejoy Wharf.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-04T18:49:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-16T05:20:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Converse-Logo-Red.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Converse to Relocate HQs on Boston\u2019s Lovejoy Wharf\",\"datePublished\":\"2013-01-04T18:49:09+00:00\",\"dateModified\":\"2020-04-16T05:20:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/01\\\/Converse-Logo-Red.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Boston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/converse-to-relocate-hqs-on-bostons-lovejoy-wharf\\\/\",\"name\":\"Converse to Relocate HQs on Boston\u2019s Lovejoy Wharf - 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