Boston— Newmark Knight Frank (NKF) announced that the firm recently completed a 53,912-square-foot lease to Salsify, Inc. at 101 Federal Street in Boston on behalf of the owner, 75-101 Fed Owner, L.L.C (“Ownership”).
Salsify, Inc. is relocating to 101 Federal Street from 3 Center Plaza, where the firm currently leases 30,000 square feet.
Brokers involved in the transaction included NKF’s Executive Managing Director David Martel, Senior Managing Director Tim Bianchi and Managing Director Alison Cavanaugh.
Originally built in 1988, 101 Federal Street is a 561,542-square-foot, 31-story, Class A office tower offering stunning views of Boston Harbor and Back Bay. The building is part of 75-101 Federal Street (“75-101”), a premier, 826,338-square-foot office complex consisting of two buildings interconnected by a shared, lobby: 75 Federal Street and 101 Federal Street.
Located in Boston’s dynamic downtown district one block west of Congress Street, the complex is in close proximity to Post Office Square and South Station and is surrounded by retail and restaurants. 75-101 features modern on-site amenities such as a cycling studio, café, large floor plates, flexible workspace, a state-of-the-art, 10,000 square-foot, tenant-only fitness center, a newsstand/sundry shop and a 196-space below-grade valet parking garage.
The most recent 53,912-square-foot lease at 101 Federal Street was signed by Salsify, Inc., a Boston start-up which aims to make e-commerce sites easier to manage. Due to the company’s growth and need for additional space, Salsify, Inc. chose to relocate to 101 Federal Street from 3 Center Plaza, where it will nearly double its square footage. Martel, Bianchi and Cavanaugh represented Ownership in the lease negotiations and will continue to market the remaining availability. Charles Kavoogian of CBRE-NE represented Salsify, Inc.
“We are pleased to have represented Ownership in this significant lease transaction,” said Bianchi. “Salsify, Inc. is a dynamic and growing firm, which is the perfect fit for 101 Federal Street. The building’s premiere location and modern amenities make it ideal for companies like this- on the rise.”