{"id":1004321063,"date":"2019-05-02T22:15:54","date_gmt":"2019-05-03T06:15:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004321063"},"modified":"2019-05-03T03:13:49","modified_gmt":"2019-05-03T11:13:49","slug":"bank-of-america-renews-545-ksf-lease-at-boston-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/","title":{"rendered":"Bank of America Renews 545 KSF Lease at Boston Tower"},"content":{"rendered":"<div id=\"attachment_1004321069\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004321069\" data-attachment-id=\"1004321069\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/100-federal-street_featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"100 Federal Street_featured\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;100 Federal Street. &lt;i&gt;Image courtesy of John Phelan on Wikimedia Commons&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg?w=800\" class=\"wp-image-1004321069 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004321069\" class=\"wp-caption-text\">100 Federal Street. <i>Image courtesy of John Phelan on Wikimedia Commons<\/i><\/p><\/div>\n<p>Bank of America will be keeping its flagship Boston location at 100 Federal Street, having extended its lease through a 15-year contract for 545,000 square feet at the Class A office tower. The early renewal of the lease that was set to expire in 2022 comes after Boston Properties, which <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-properties-sells-interest-in-office-buildings-to-norges-bank-for-1-5b\/\">owns a majority stake in the tower<\/a>, completed The Exchange, a steel-and-glass pavilion that serves as an adjacent retail and event space, last year.<\/p>\n<p>The 37-floor Art Moderne tower, which is one of the tallest in Boston, occupies an entire city block bounded by Federal, Franklin, Congress and Matthews streets in the city\u2019s financial district, overlooking Post Office Square Park.&nbsp;Built in 1971, the 1.2 million-square-foot property is 99 percent leased.<\/p>\n<p>NYSE-listed REIT Boston Properties bought the property from an affiliate of Bank of America for $610 million in 2012. The REIT sold a 45 percent interest in the asset to Norwegian sovereign wealth fund Norges Bank Investment Management in 2014. The deal for the property, together with a 45 percent interest in&nbsp;Manhattan\u2019s 601 Lexington Avenue, totaled $1.5 billion.<\/p>\n<p>The new glass atrium designed by Perkins+Will includes 8,500 square feet of retail space and 500 square feet of kiosk space, along with a year-round, 8,990-square-foot garden.&nbsp;<em>\u201cThe Exchange at 100 Federal has become a popular and vibrant new gathering space at the base of the tower and created new opportunities to enhance our customers\u2019 experience,\u201d<\/em> commented&nbsp;Bryan Koop, executive vice president for the Boston Region at Boston Properties, in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Properties inked a 15-year agreement at 100 Federal Street in the city&#8217;s financial district. The tenant&#8217;s contract was scheduled to expire in 2022.<\/p>\n","protected":false},"author":744,"featured_media":1004321069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,21743,21808,21742,10,21747],"tags":[33250,32843,45452,34606],"class_list":["post-1004321063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-deals","category-featured","category-latest","category-northeast","category-office","tag-bank-of-america","tag-boston-properties-inc","tag-norges-bank-investment-management","tag-perkins-will-architects"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of America Renews 545 KSF Lease at Boston Tower - 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\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of America Renews 545 KSF Lease at Boston Tower\" \/>\n<meta property=\"og:description\" content=\"Boston Properties inked a 15-year agreement at 100 Federal Street in the city&#039;s financial district. The tenant&#039;s contract was scheduled to expire in 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/\" \/>\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=\"2019-05-03T06:15:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-03T11:13:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/\",\"name\":\"Bank of America Renews 545 KSF Lease at Boston Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\",\"datePublished\":\"2019-05-03T06:15:54+00:00\",\"dateModified\":\"2019-05-03T11:13:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bank-of-america-renews-545-ksf-lease-at-boston-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/100-Federal-Street_featured.jpg\",\"width\":800,\"height\":620,\"caption\":\"100 Federal Street. 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