Bain Capital Signs 378,000 Square Foot Renewal & Expansion at BXP’s 200 Clarendon Street in Boston
BXP (NYSE: BXP), the largest publicly traded developer and owner of premier workplaces in the US, has announced a significant lease renewal and expansion with Bain Capital at 200 Clarendon Street in Boston. The deal covers approximately 378,000 square feet in New England's tallest building. The 1.7 million square foot landmark tower, located in Boston's Back Bay, offers panoramic views and will soon feature the exclusive 200 Club, opening in 2025. This new amenity will provide clients with premium hospitality and wellness facilities, including fitness, conference, and lounge options. BXP's portfolio, as of June 30, 2024, comprises 53.5 million square feet across 186 properties in six major US markets, with ten properties under construction or redevelopment.
BXP (NYSE: BXP), il maggiore sviluppatore e proprietario pubblico di spazi lavorativi di alta qualità negli Stati Uniti, ha annunciato un importante rinnovo di contratto e una espansione con Bain Capital presso 200 Clarendon Street a Boston. L'accordo copre circa 378.000 piedi quadrati nel grattacielo più alto del New England. Questo iconico torre di 1,7 milioni di piedi quadrati, situata nel Back Bay di Boston, offre viste panoramiche e avrà presto il 200 Club, in apertura nel 2025. Questa nuova struttura fornirà ai clienti servizi di ospitalità e benessere premium, comprese opzioni per fitness, conferenze e lounge. Il portafoglio di BXP, al 30 giugno 2024, comprende 53,5 milioni di piedi quadrati distribuiti su 186 proprietà in sei importanti mercati statunitensi, con dieci proprietà in costruzione o riqualificazione.
BXP (NYSE: BXP), el mayor desarrollador y propietario público de lugares de trabajo de primera en EE.UU., ha anunciado una importante renovación y expansión de contrato con Bain Capital en 200 Clarendon Street en Boston. El acuerdo abarca aproximadamente 378,000 pies cuadrados en el edificio más alto de Nueva Inglaterra. Este emblemático torre de 1.7 millones de pies cuadrados, ubicado en el Back Bay de Boston, ofrece vistas panorámicas y pronto contará con el exclusivo 200 Club, que abrirá en 2025. Esta nueva instalación proporcionará a los clientes servicios premium de hospitalidad y bienestar, incluyendo opciones de fitness, conferencias y lounge. La cartera de BXP, a partir del 30 de junio de 2024, comprende 53.5 millones de pies cuadrados en 186 propiedades en seis importantes mercados de EE.UU., con diez propiedades en construcción o renovación.
BXP (NYSE: BXP)는 미국 내 최고의 근무 공간을 개발하고 소유하는 가장 큰 상장 회사로, Bain Capital와 함께 보스턴의 200 Clarendon Street에서 임대 계약 갱신 및 확장을 발표했습니다. 이 계약은 뉴잉글랜드에서 가장 높은 건물에 약 378,000 평방 피트를 포함합니다. 1.7백만 평방 피트 규모의 이 랜드마크 타워는 보스턴의 백베이에 위치하며, 탁 트인 경관을 제공합니다. 이 타워는 2025년에 개장할 예정인 독점적인 200 클럽을 곧 선보일 예정입니다. 이 새로운 편의시설은 고객에게 피트니스, 회의 및 라운지 옵션을 포함한 프리미엄 환대 및 웰니스 시설을 제공합니다. 2024년 6월 30일 기준으로 BXP의 포트폴리오는 미국의 6개 주요 시장에 186개 자산으로 총 53.5백만 평방 피트를 포함하고 있으며, 10개 자산이 건설 또는 재개발 중입니다.
BXP (NYSE: BXP), le plus grand développeur et propriétaire coté en bourse d'espaces de travail de premier plan aux États-Unis, a annoncé un important renouvellement et une expansion de bail avec Bain Capital à 200 Clarendon Street à Boston. L'accord porte sur environ 378 000 pieds carrés dans le plus haut bâtiment de Nouvelle-Angleterre. Cette tour emblématique de 1,7 million de pieds carrés, située dans le quartier de Back Bay à Boston, offre des vues panoramiques et accueillera bientôt le 200 Club, dont l'ouverture est prévue en 2025. Cette nouvelle prestation offrira aux clients des installations de réception et de bien-être de qualité supérieure, y compris des options de fitness, de conférence et de salon. Le portefeuille de BXP, au 30 juin 2024, comprend 53,5 millions de pieds carrés répartis sur 186 propriétés dans six grands marchés américains, avec dix propriétés en construction ou en réhabilitation.
BXP (NYSE: BXP), der größte börsennotierte Entwickler und Eigentümer von hochwertigen Arbeitsplätzen in den USA, hat eine bedeutende Mietvertragsverlängerung und -erweiterung mit Bain Capital in der 200 Clarendon Street in Boston bekannt gegeben. Der Vertrag umfasst ungefähr 378.000 Quadratfuß im höchsten Gebäude Neuenglands. Der 1,7 Millionen Quadratfuß große Wahrzeichen-Turm, der im Back Bay von Boston liegt, bietet Panoramablicke und wird bald den exklusiven 200 Club eröffnen, der 2025 eröffnet wird. Diese neue Annehmlichkeit wird den Kunden erstklassige Gastfreundschafts- und Wellness-Einrichtungen bieten, einschließlich Fitness, Konferenz- und Lounge-Optionen. Das Portfolio von BXP umfasst zum 30. Juni 2024 53,5 Millionen Quadratfuß über 186 Immobilien in sechs wichtigen US-Märkten, wobei zehn Immobilien im Bau oder in der Umgestaltung sind.
- Secured a large 378,000 square foot lease renewal and expansion with Bain Capital
- Introducing the exclusive 200 Club amenity in 2025, potentially increasing property value and tenant satisfaction
- BXP's extensive portfolio of 53.5 million square feet across 186 properties indicates strong market presence
- None.
Insights
The 378,000 square foot lease renewal and expansion by Bain Capital at BXP's 200 Clarendon Street is a significant win for BXP in the Boston office market. This deal demonstrates strong tenant retention and potential for growth in prime locations, despite broader concerns about office space demand. The renewal secures a long-term, high-profile tenant for BXP, likely providing stable cash flow and reducing vacancy risk in a key asset.
The planned 200 Club amenity space opening in 2025 reflects the ongoing trend of landlords investing in premium features to attract and retain tenants. This strategy could help BXP maintain a competitive edge in the evolving office market landscape, potentially justifying higher rents and improving the building's overall value proposition.
While specific financial terms aren't disclosed, this lease renewal and expansion is likely to have a positive impact on BXP's revenue and occupancy rates. Given Bain Capital's prominence and the size of the lease (approximately 22% of 200 Clarendon Street's total square footage), this deal could significantly contribute to BXP's Boston portfolio performance.
Investors should note that as of June 30, 2024, BXP's portfolio included 53.5 million square feet across 186 properties. This renewal helps secure a substantial portion of one of their flagship assets. The company's focus on premier workplaces in gateway markets like Boston positions it well to capture demand from high-quality tenants, potentially supporting long-term growth and stability in its core business.
200 Clarendon Street, located in the heart of Boston’s Back Bay, is New England’s tallest building. The 1.7 million square foot landmark premier workplace tower offers 360° views of
About BXP
BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in
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BXP
Rebecca Stoddard
Vice President, Marketing
rstoddard@bxp.com
Laura Sesody
Senior Vice President, Corporate Marketing & Communications
lsesody@bxp.com
Source: BXP
FAQ
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