{"id":1004802371,"date":"2026-06-18T05:30:00","date_gmt":"2026-06-18T13:30:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004802371"},"modified":"2026-06-18T06:44:00","modified_gmt":"2026-06-18T14:44:00","slug":"tishman-speyer-takes-on-490-ksf-boston-lab-office-space","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-takes-on-490-ksf-boston-lab-office-space\/","title":{"rendered":"Tishman Speyer Takes On 490 KSF Boston Lab, Office Space"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3415143111e&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004802305\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/321-harrison-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/321-Harrison-Ave.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=\"321-Harrison-Ave\" data-image-description=\"&lt;p&gt;Image emailed to Briefs.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;321 Harrison Ave. is a 247,000-square-foot office and lab building serving life sciences tenants in Boston. Image courtesy of Tishman Speyer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/321-Harrison-Ave.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/321-Harrison-Ave.jpg\" alt=\"A photo of 321 Harrison Ave. in Boston.\" class=\"wp-image-1004802305\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/321-Harrison-Ave.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/321-Harrison-Ave.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/321-Harrison-Ave.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">321 Harrison Ave. is a 247,000-square-foot office and lab science building in Boston. <em>Image courtesy of Tishman Speyer<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The owner of a two-building, 490,000-square-foot office and lab campus in Boston\u2019s South End has selected Tishman Speyer to provide third-party management and leasing services at the properties.<\/p>\n\n\n\n<p>BioMed Realty owns the two assets at 1000 Washington St. and 321 Harrison Ave., Yardi Matrix shows.<\/p>\n\n\n\n<p>It is Tishman Speyer\u2019s first third-party assignment in Boston, expanding its growing Client Solutions platform. The global real estate firm will provide a suite of client solutions services including property management and leasing, combining analytics with the team\u2019s operational expertise and longstanding relationships in the <a href=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-signs-106-ksf-tenant-in-boston\/\">Boston market<\/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><strong>LISTEN TO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/sustainability-street-the-rise-of-intelligent-buildings\/\">The Rise of Intelligent Buildings<\/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>BioMed Realty, a Blackstone Real Estate Partners portfolio company, acquired 1000 Washington St. and 321 Harrison Ave. in April 2021 for an estimated $314.2 million from CIM Group and partner Nordblom Co., according to Yardi Matrix. After acquiring the properties in 2017, CIM Group and Nordblom repositioned the assets.<\/p>\n\n\n\n<p>1000 Washington St., an 11-story, 242,000-square-foot office building, was renovated into Class A office space. 321 Harrison Ave., an adjacent three-story parking garage, was redeveloped by <a href=\"https:\/\/www.commercialsearch.com\/news\/cim-group-tops-out-on-boston-office\/\">adding eight floors of office space<\/a> to create a new 11-story building. BioMed later added lab space to the 247,000-square-foot building. Both properties also have first-floor retail space.<\/p>\n\n\n\n<p>The buildings are connected by a central lobby and footbridge. Amenities at the properties include a fitness center, outdoor patio, amenity lounge, conference center and kitchenette. There is on-site parking with more than 500 spaces and bike storage for tenants as well.<\/p>\n\n\n\n<p>The South End neighborhood has walkable amenities including residential buildings, restaurants and cultural venues. The transit-oriented properties are located near two MBTA stations, including one right outside 1000 Washington St. Other transit hubs, including an Amtrak station, are roughly a mile away. The assets have access to the Mass Pike, also known as Interstate 90, and Logan International Airport is less than 6 miles away, or about 10 minutes by car.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tishman-speyer-portfolio-expansion\">Tishman Speyer portfolio expansion<\/h2>\n\n\n\n<p>Tishman Speyer\u2019s Client Solutions portfolio includes prominent properties in major U.S. cities, as well as JPMorgan and GIC\u2019s Opernturm in Frankfurt. The firm provides third-party management services to several assets in Manhattan, such as Hippodrome, 1407 Broadway, Cityspire and the Hearst Tower.<\/p>\n\n\n\n<p>Other properties in the third-party management portfolio include Credit Suisse\u2019s 1120 G St. in Washington, D.C., Crown Family Holdings\u2019 222 N. LaSalle St. and Deutsche Bank\u2019s 300 South Wacker Dr. in Chicago, and <a href=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-sells-beverly-hills-office-for-118m\/\">407 N. Maple Drive<\/a> in Beverly Hills, Calif., a four-story 175,000-square-foot office building that Tishman Speyer sold to Fashion Nova in August 2024 for $119.7 million.<\/p>\n\n\n\n<p>In May, Tishman Speyer <a href=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-lands-163-ksf-chicago-lease-extension\/\">signed law firm Vedder<\/a> to a 12-year lease extension for its global headquarters at 222 N. LaSalle St. The law firm, which has been at the 26-story building since 1988, will continue to occupy 163,000 square feet across five floors through at least 2041.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s the company\u2019s first such assignment in this market.<\/p>\n","protected":false},"author":1068,"featured_media":1004802305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742,10,21747,21785],"tags":[32854,46979,33224],"class_list":["post-1004802371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-latest","category-northeast","category-office","category-property-management","tag-biomed-realty","tag-blackstone-real-estate-partners-ix","tag-tishman-speyer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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