{"id":1004791904,"date":"2026-03-18T04:21:04","date_gmt":"2026-03-18T12:21:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004791904"},"modified":"2026-03-18T04:29:46","modified_gmt":"2026-03-18T12:29:46","slug":"hines-signs-jpmorgan-chase-at-boston-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-signs-jpmorgan-chase-at-boston-tower\/","title":{"rendered":"Hines Signs JP Morgan Chase at Boston Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<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\/2026\/03\/image_ba8509.png\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"595\" data-attachment-id=\"1004791910\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-signs-jpmorgan-chase-at-boston-tower\/image-63\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/image_ba8509.png\" data-orig-size=\"768,595\" 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=\"Rendering of South Station Tower in Boston\" data-image-description=\"&lt;p&gt;Image courtesy of DBOX&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The high rise opened in the fall of 2025.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/image_ba8509.png?w=768\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/image_ba8509.png\" alt=\"Rendering of South Station Tower, a 1 million-square-foot property in Boston.\" class=\"wp-image-1004791910\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/image_ba8509.png 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/image_ba8509.png?resize=300,232 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/a><figcaption class=\"wp-element-caption\">The 51-story tower was developed above the original 1899-completed South Station Transportation Center. <br><em>Image courtesy of DBOX<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>JP Morgan Chase has leased 250,000 square feet at Hines\u2019 new South Station Tower in downtown Boston, marking one of the largest office leases in the city since the pandemic. The bank is scheduled to relocate in early 2028, <a href=\"https:\/\/www.bizjournals.com\/boston\/news\/2026\/03\/17\/jpmorgan-lease-gives-downtown-boston-a-boost.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>The Business Journal<\/em> reported<\/a>.<\/p>\n\n\n\n<p>In the post-pandemic office landscape, large leasing deals in Boston are few and far between. These transactions include marketing automation specialist Klaviyo&#8217;s renewal and expansion at 125 Summer St. to 257,000 square feet, as well as BNY&#8217;s 200,000-square-foot lease renewal at One Boston Place, both in 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-old-and-the-new-south-station-tower\">The old and the new South Station Tower<\/h2>\n\n\n\n<p>South Station Tower opened in the fall of 2025, at 750 Atlantic Ave. A joint venture between Boston Planning &amp; Development Agency, Hines and the Massachusetts Bay Transportation Authority developed the property. As one of the <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-lands-1st-tenant-at-boston-tower\/\">biggest construction projects in Boston<\/a>, it entailed the redevelopment and extension of the 1899-built South Station Transportation Center, as well as the construction of a 51-story, 1 million-square-foot tower above the original building. The high-rise features office space up to the 34th floor, and 166 Ritz-Carlton-branded luxury condos on the top 17 floors. Amenities include in-tower restaurants, a rooftop park and subterranean parking with 500 spaces.<\/p>\n\n\n\n<p>The roster features hedge fund Citadel, which occupies 11,000 square feet of office space and has already moved in at the property. Two other tenants are scheduled to take up space at South Station Tower, namely property insurer FM and law firm <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-lands-1st-tenant-at-boston-tower\/\">Jones Day\u2014the first company to ink a deal<\/a> at the high-rise. FM will occupy 50,000 square feet and Jones Day will take up 41,000 square feet. Following Hines\u2019 deal with JP Morgan, South Station Tower is 65 percent leased. The newest tenant&#8217;s office space stretches across eight and a half floors.<\/p>\n\n\n\n<p>The mixed-use building is just off the interchange between interstates 90 and 93, south of downtown and adjacent to Boston&#8217;s Chinatown neighborhood. The tower is also facing the United States Postal Service building and Fort Point Channel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-boston-office-landscape-stabilizes\">Boston office landscape stabilizes<\/h2>\n\n\n\n<p>January saw Boston&#8217;s average office listing rates drop 2.6 percent year-over-year to $45.87 per square foot, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-sales-momentum-extends-pipeline-contracts\/\">Yardi Matrix report<\/a>, yet still significantly higher than the national figure of $32.55 per square foot. The metro&#8217;s listing rate appeared to be in line with those registered by some of its peer markets, namely Los Angeles ($46.50 per square foot), San Diego ($45.18) and Austin ($46.04), but outpaced by Manhattan ($67.36) and the San Francisco Bay Area ($63.84).<\/p>\n\n\n\n<p>During the same month, Boston recorded an abrupt 230-basis-point drop in vacancy to 15.0 percent, ranking fifth nationwide, trailing behind Los Angeles (14.6 percent), Tampa, Fla. (14.2 percent), Miami (13.9 percent) and Manhattan (13.1 percent).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This deal marks one of the city\u2019s largest office leases since the pandemic.<\/p>\n","protected":false},"author":3619,"featured_media":1004791910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,21808,21742,10,21747],"tags":[38912,32797,35274],"class_list":["post-1004791904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-featured","category-latest","category-northeast","category-office","tag-boston-planning-development-agency","tag-hines","tag-jpmorgan-chase"],"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>Hines Signs JP Morgan Chase at Boston Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"JP Morgan Chase has leased 250,000 square feet at Hines\u2019 new South Station Tower in downtown Boston. Move-in is scheduled for early 2028.\" \/>\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\/hines-signs-jpmorgan-chase-at-boston-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Signs JP Morgan Chase at Boston Tower\" \/>\n<meta property=\"og:description\" content=\"JP Morgan Chase has leased 250,000 square feet at Hines\u2019 new South Station Tower in downtown Boston. 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