Private investment firm Bain Capital will relocate its Boston offices to the John Hancock Tower. The company has signed a 15-year lease spanning seven floors.
The company will initially occupy 208,000 square feet, and has the option to expand to up to 270,000 square feet prior to occupancy.
Bain Capital anticipates occupying its new offices beginning in the fall of 2011. The new lease will bring the total occupancy at the John Hancock Tower to approximately 95 percent, according to a statement.
"We are honored to welcome Bain Capital, one of Boston’s most prominent and respected companies, to the first-class roster of firms that call the John Hancock Tower home," said Jeffrey Gronning, managing principal at Normandy Real Estate Partners, owners of the Hancock building. "We are currently investing significant capital and resources to renew the building’s environment and amenities, which along with our high quality tenant base firmly establishes the John Hancock Tower as Boston’s premier business address."
"We are excited to be moving our Boston offices to the John Hancock Tower," said Sean Doherty, a managing director at Bain Capital. "The John Hancock Tower is an enduring symbol of Boston and represents our city’s standing as one of America’s leading business centers. It’s a terrific building, which will be a great platform for our business and its employees for the next 15 years."
Cushman & Wakefield represented both the tenant and landlord in this transaction. Gil Dailey, Dave Martel and Rob Griffin represented Bain Capital and Bill Anderson represented the landlord.
"It has been an incredible experience to play a role, along with numerous others, in bringing together Bain Capital and Boston’s iconic building, the John Hancock Tower," said Dailey, executive director of Cushman & Wakefield of Massachusetts.
Today’s announcement comes as the John Hancock Tower was awarded the Leadership in Energy and Environmental Design (LEED) Gold Existing Building certification, which makes it the largest "green" building in New England, according to a statement.
