Friday, August 19, 2011
FHO PARTNERS ANNOUNCES NEW BOSTON FUND 24,000-SQUARE-FOOT HEADQUARTERS RELOCATION TO 75 STATE STREET
BOSTON - August 10, 2011 - FHO Partners, a leader in the commercial real estate services field with extensive experience in the greater Boston office market, today announced a 24,233-square-foot lease to New Boston Fund, a private real estate investment, development and management firm.. The company will relocate its Boston office to 75 State Street from its current address at 60 State Street in late September.
Located in the heart of the Financial District, 75 State Street is home to many leading Boston-based companies, said Peter Farnum, partner at FHO Partners. We were pleased to help New Boston Fund secure an attractive lease agreement at this established and amenity-rich building, where they can continue to grow their business among the very best.
We are very excited about our upcoming move to 75 State Street which will provide our employees with a fantastic amenity base and continue the firm's commitment to Boston and the New England market, said Tim Medlock, President at New Boston Fund. We have capital available to invest in each of our target regions and from this strategic location we will continue to pursue new investment in the Boston market through projects such as Parcel 24, a high rise multi-family development on the edge of the Chinatown district.
Farnum, Partner Chuck O'Connor and Senior Vice President Alison Cavanaugh of FHO Partners represented New Boston Fund in the transaction. The landlord, Brookfield Properties 75 State LLC, was represented by Richards Barry Joyce & Partners. A 31-story, art deco office building with 700 underground parking spaces, 75 State Street recently achieved Leadership in Energy and Environmental Design (LEED) Existing Buildings: Operation & Maintenance Gold designation.
FHO Partners is a commercial real estate firm offering a full range of brokerage, consulting, strategic planning, research, lease administration, marketing, lease auditing, lease portfolio and transaction management services for corporate and institutional clients alike. The senior partners of the firm have worked together for over 20 years providing customized advisory consulting and brokerage services to an extensive range of corporate and institutional clients, both locally and on a national and international basis. For more information, visit www.fhopartners.com or call 617-279-4555.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns.
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