Staff photo by Steve Adams

Wellington Management will retain its anchor tenant status at Atlantic Wharf in Boston after signing a 524,000-square-foot lease renewal and expansion.

The 10-year lease begins in 2026 and Wellington will expand by 66,000 square feet expansion beginning in 2022, Boston Properties said. The asset management firm has occupied the 31-story office tower at 280 Congress St. since its completion in 2011, and will occupy 22 floors.

Office market fundamentals in downtown Boston continue to reflect the disruption of the COVID-19 pandemic. Nearly 677,000 square feet of negative absorption was recorded during the first half of 2021, bringing the vacancy rate to 12.3 percent according to JLL research.

Tenant demand has started to rebound, however, with JLL tracking requirements for 7.3 million square feet of space, compared to 9.5 million square feet just before the onset of the pandemic in February 2020.

Wellington Management Reups at Atlantic Wharf Through 2036

by Steve Adams time to read: 1 min
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