{"id":1004727897,"date":"2024-09-05T02:52:54","date_gmt":"2024-09-05T10:52:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004727897"},"modified":"2024-09-05T22:38:26","modified_gmt":"2024-09-06T06:38:26","slug":"carr-properties-inks-22-ksf-lease-renewal-in-boston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/carr-properties-inks-22-ksf-lease-renewal-in-boston\/","title":{"rendered":"Carr Properties Lands 22 KSF Renewal in Boston"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004727898\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/carr-properties-inks-22-ksf-lease-renewal-in-boston\/200-state-st-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"200 state st\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;200 State Street. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg\" alt=\"200 State Street is an office building in Boston that rises 16 stories and is totaling 320,000 square feet.\" class=\"wp-image-1004727898\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">200 State St. is a 320,000-square-foot Class A office property completed in 1984. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>FTI Consulting has renewed its 21,910-square-foot office lease at 200 State St. The tenant will continue to occupy space on the ninth floor of the Class A office asset.<\/p>\n\n\n\n<p>Carr Properties owns the 320,000-square-foot office building in Boston\u2019s Financial District. The company <a href=\"https:\/\/www.commercialsearch.com\/news\/carr-properties-acquires-boston-office-asset\/\">picked-up the mid-rise building<\/a> in 2018, when it purchased an 81.2 percent interest in the asset for $222 million, from seller GLL Real Estate Partners, according to CommercialEdge data.<\/p>\n\n\n\n<p>Executive Vice President Connor Faught with Colliers negotiated on behalf of the tenant, while Executive Managing Directors Tim Bianchi, Debra Gould and Bill Anderson of Newmark represented the landlord.<\/p>\n\n\n\n<p>The property is currently 94 percent occupied. Notable tenants include Rose Park Advisors, TD Wealth, Fisher Phillips, Beacon Capital Partners, Avison Young and Centrexion Therapeutics, the same source shows.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/sizing-up-the-prime-office-building-landscape\/\">Sizing Up the Prime Office Building Landscape<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The LEED Gold certified office property rises 16 stories and features seven passenger elevators, floorplates ranging between 3,702 and 34,096 square feet and 120 vehicle parking spots across two levels.<\/p>\n\n\n\n<p>Completed in 1984, the property recently went through a substantial improvement program bringing a fully upgraded main lobby, the addition of a fitness center with locker rooms and shower facilities, as well as a new cafe kiosk. Other amenities include several rooftop decks, common and meeting spaces and EV charging stations.<\/p>\n\n\n\n<p>Located across Faneuil Hall, 200 State Street is 3 miles from Boston Logan International Airport.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-office-deals-in-boston\">Recent office deals in Boston<\/h2>\n\n\n\n<p>Boston&#8217;s office market, still driven by its consistent life science sector, recorded one of the lowest office vacancy rates among peer markets as of July, standing at 12.8 percent, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/expanding-office-to-housing-conversion-potential\/\" target=\"_blank\" rel=\"noreferrer noopener\">CommercialEdge office report <\/a>shows. The figure is below the national average of 18.1 percent, but still showed a 280-basis-point increase over 12 months.<\/p>\n\n\n\n<p>Last month, BXP closed on a significantly <a href=\"https:\/\/www.commercialsearch.com\/news\/bain-inks-378-ksf-office-renewal-and-expansion-in-boston\/\">large office lease<\/a> at 200 Clarendon St., a 1.7 million-square-foot office tower in Boston&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/uli-special-report-the-past-present-future-of-cbds\/\" target=\"_blank\" rel=\"noreferrer noopener\">central business district<\/a>. Investment firm Bain Capital signed the renewal and expansion deal for 378,000 square feet, maintaining its headquarters at the property for the next 15 years. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-signs-106-ksf-tenant-in-boston\/\">Tishman Speyer signed<\/a> a 106,000-square-foot deal at One Federal Street with the Commonwealth of Massachusetts, through the Division of Capital Asset Management and Maintenance. The tenants are six government agencies that will occupy two full floors at the 1.1 million-square-foot office tower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newmark brokered the deal for the landlord.<\/p>\n","protected":false},"author":2991,"featured_media":1004727898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,21742,10,21747],"tags":[33447,35498,50999],"class_list":["post-1004727897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-latest","category-northeast","category-office","tag-carr-properties","tag-colliers","tag-newmark"],"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>Carr Properties Lands 22 KSF Renewal in Boston - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"FTI Consulting has renewed its 21,910-square-foot lease at 200 State St., an office building in Boston&#039;s Financial District.\" \/>\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\/carr-properties-inks-22-ksf-lease-renewal-in-boston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carr Properties Lands 22 KSF Renewal in Boston\" \/>\n<meta property=\"og:description\" content=\"FTI Consulting has renewed its 21,910-square-foot lease at 200 State St., an office building in Boston&#039;s Financial District.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/carr-properties-inks-22-ksf-lease-renewal-in-boston\/\" \/>\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=\"2024-09-05T10:52:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-06T06:38:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/200-state-st-e1725527095731.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/carr-properties-inks-22-ksf-lease-renewal-in-boston\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/carr-properties-inks-22-ksf-lease-renewal-in-boston\/\",\"name\":\"Carr Properties Lands 22 KSF Renewal in Boston - 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