Boston, MA — A new chapter begins for one of Boston’s most recognizable office towers. DivcoWest, in partnership with BDT & MSD Partners and a global institutional investor, has officially acquired One Lincoln Street, a 1.1 million square foot commercial property located in the heart of Boston’s Financial District.
“DivcoWest is thrilled to join BDT & MSD and a global institutional investor as the new ownership group of One Lincoln, a true icon in the Downtown Boston skyline,” said Mike Falvey, Head of Boston Acquisitions at DivcoWest.
With the transition, DivcoWest has assumed all operational responsibilities for the property, including management, leasing, construction, and asset oversight. The firm succeeds Synergy, which had been retained two years ago and played a critical role in the building’s repositioning.
“We thank Synergy for their leadership, vision, and commitment to quality at One Lincoln,” added Mark Roopenian, Managing Director at DivcoWest. “Our team is excited to complete the transformation of One Lincoln into an unmatched workday experience that we believe will exceed the expectations of today’s discerning tenants.”
The new ownership group is investing heavily in the building’s future, with renovations set to be unveiled in Summer 2025. The upgrades are designed to reflect evolving workplace trends, offering tenants a blend of wellness, flexibility, and community-driven design.
Falvey emphasized the strategic vision behind the improvements, stating, “Our seasoned ownership team brings unparalleled experience and robust financial backing, positioning us to not only continue the reimagination of the workplace but also elevate this building to its rightful stature, maximizing occupancy and enhancing long-term value.”
The renovation project will introduce a host of amenities, including a rooftop deck featuring pickleball and basketball courts, a walking path, a state-of-the-art fitness center, yoga studios, and treatment rooms. A vibrant ground floor will offer diverse culinary experiences and convenient grab-and-go options.
Future tenants will also benefit from collaborative workspaces, event and banquet facilities, and social areas designed to encourage innovation and connectivity.
Newmark, which has been working with the building under previous ownership, will remain the exclusive leasing agent. Executive Managing Directors Gilbert Dailey and David Martel will continue to lead the leasing strategy to attract premier tenants.
Positioned at the crossroads of I-93 and the Massachusetts Turnpike and just steps from South Station, One Lincoln offers unmatched accessibility, with connections to Amtrak, MBTA subway and commuter rail lines, and Boston Logan International Airport.
The acquisition signals continued momentum in Boston’s commercial real estate market, especially for properties that prioritize next-generation amenities and modern workplace expectations.
