BOSTON – Columbia Property Trust, Inc. has signed approximately 30,000 square feet of leases since quarter end at 116 Huntington, the company’s 272,000-square-foot, Class-A office property in the Back Bay submarket of Boston, bringing the building to 100 percent leased.
The recent leasing activity included a 26,000-square foot lease with Silversmith Capital Partners, a Boston-based growth equity firm that partners with entrepreneurs in growing, profitable technology and healthcare businesses.
Beginning this December, Silversmith will occupy the building’s 14th and 15th floors, which Columbia connected to create a spacious, light-filled space atop the building, complete with direct access to multiple new private terraces.
Columbia has completed other significant enhancements to 116 Huntington since it acquired the building in 2015. These included modern upgrades to the main entrance and lobby, the elevators and other common areas, as well as improvement of the onsite retail, culminating in the addition of local favorite Jaho Coffee. Since the beginning of 2017, when many of these renovations were delivered, Columbia has completed approximately 100,000 square feet of leasing at 116 Huntington, at starting face rates 25% to 30% greater than the building had previously achieved. Other notable tenants include American Tower, GE Healthcare, and Brigham and Women’s Hospital.
“We have worked diligently to cultivate the right mix of tenants and amenities for 116 Huntington, to capitalize on its exceptional Back Bay location,” said Nelson Mills, Chief Executive Officer of Columbia. “We are very pleased to see that effort rewarded with strong leasing rates and full occupancy, and are excited to welcome Silversmith to their new home.”
Columbia Property Trust owns, operates and develops Class-A office buildings in high-barrier U.S. office markets, primarily New York, San Francisco, and Washington D.C. It has 18 properties that contain over eight million rentable square feet, as well as one property under development. Columbia has investment-grade ratings from both Moody’s and Standard & Poor’s.