BOSTON, MA— In a strategic move that reflects evolving workplace trends and a focus on long-term flexibility, Coverys, a leading provider of medical professional liability insurance, has restructured its lease at One Financial Center in Boston’s Financial District.
The deal was brokered by Freudenheim Partners, with Ellie Cullinan and Chris Rogers representing Coverys. Bryan Sparkes of JLL represented the landlord.
The lease restructuring encompasses 56,936 square feet across the 13th and 14th floors and follows an extensive evaluation process that included analyzing options such as subleasing, relocating, or reconfiguring space within the current location. Ultimately, Coverys opted to stay at One Financial Center under a restructured lease that delivers significant cost savings and enhanced operational flexibility.
“We were proud to work with Coverys on a creative solution that balances flexibility, efficiency, and long-term value,” said Ellie Cullinan, Executive Vice President at Freudenheim Partners. “The process underscores the importance of analyzing every option in today’s dynamic office market.”
“Our role is to help clients make the best real estate decisions for their business,” added Chris Rogers, also an Executive Vice President. “By presenting multiple scenarios and leveraging negotiation strategies, we were able to secure a result that positions Coverys for continued success.”
A Thoughtful Approach to the Evolving Office Landscape
Like many companies adjusting to hybrid work models and changing space utilization, Coverys approached the decision with a strategic lens. The final lease terms allow the company to maintain a modern and efficient workplace that reflects how their teams work today — and how they may evolve in the future.
“We are grateful to the Freudenheim Partners team for helping us thoughtfully assess our office space needs and opportunities,” said Joseph Murphy, President and CEO of Coverys. “Their guidance enabled us to align our space with how our teams work today—and how they will continue to evolve. We’re thrilled to remain in our home at One Financial—a location that reflects both our pride in the city of Boston and our commitment to our people.”
