Newmark Grubb Knight Frank (NGKF) is pleased to announce that the firm has been appointed as the exclusive leasing agent for 262 Washington Street and 85 Devonshire Street, a 96,160-square-foot two-building complex in Boston. The property, owned and managed by KS Partners, is newly renovated with significant capital improvements.
Situated in downtown Boston’s Financial District, the complex is conveniently located within minutes of Boston Common, Rose Kennedy Greenway, Post Office Square and Downtown Crossing. It also offers easy access to public transportation and parking across the street at Pi Alley Garage. Built in 1908, the building complex was renovated in 2014 and features flexible floor plans with a newly renovated lobby, common areas, façade and base building improvements.
“We are thrilled to be working with KS Partners on these two interconnecting buildings,” said Jason Cameron, senior managing director in NGKF’s Boston office. “Having strong ownership and on-site management along with being conveniently located in an up-and-coming neighborhood, makes this an outstanding opportunity for area businesses, particularly for the many tech firms we’re observing moving to the downtown crossing area.”
Cameron will lead the brokerage team along with Ellen Fantini Cullinan, also a senior managing director in NGKF’s Boston office. The property is currently 85% leased and is home to high-quality tenants including Commonwealth Resources, Autism Speaks, and Albert, Righter & Tittman.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.