BOSTON—Private equity giant Bain Capital has decided to keep its headquarters at 200 Clarendon in Back Bay, signing one of the largest office leases in Greater Boston since the pandemic, Boston Business Journal reported.
Bain has agreed to take 378,000 square feet at what was long known as the Hancock tower, an even larger space than it has now at the property, Boston Business Journal reported, quoting an announcement from the building’s landlord, BXP. A Bain spokesperson declined to comment on the deal, BBJ said.
“The agreement is a major win for the real estate firm (NYSE: BXP). Since it began its search well over a year ago, Bain has been the biggest fish, by far, in the Boston office market. A departure would have forced BXP to backfill nearly a fifth of the space in the city’s tallest building, at a time when many employers are looking to cut back on their footprint,” Boston Business Journal said. “As of the end of last year, Bain leased 316,000 square feet at 200 Clarendon, according to the real estate firm’s most recent annual report. Bain has about 1,000 employees based out of Boston.”
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