Davis: New Lease Agreements in Boston with Steppingstone and SageView
Deal News | Nov 12, 2024 | Davis Cos/The
The Davis Companies has announced two new lease agreements at 200 High Street, Boston, MA, effectively filling the entire property. The Steppingstone Foundation, Inc., has signed a 10-year lease for 11,425 square feet, moving its headquarters to this location, while SageView Advisory Group has signed a seven-year lease for 2,502 square feet. This transaction comes despite regional trends indicating challenges in office leasing, highlighting the building's desirable location and amenities within the Financial District. Steppingstone, an educational nonprofit, is moving from the South End and is revitalizing its relationship with Davis for tailored space solutions. SageView, offering wealth management services, aims to strengthen its Boston presence. The agreements were facilitated by Colliers, JLL, and Newmark as leasing representatives, affirming the property's appeal to a diverse tenant base.
Sectors
- Real Estate
- Nonprofit Organizations
- Financial Services
Geography
- United States – The article is based in Boston, MA, a major city in the United States.
- Boston, Massachusetts – Boston is the specific city where the office leasing activity and the headquarters of the involved parties are located.
Industry
- Real Estate – The article discusses new lease agreements and full occupancy of an office building, key aspects of the real estate industry.
- Nonprofit Organizations – Steppingstone Foundation, a nonprofit, is one of the key tenants involved in the leasing agreement.
- Financial Services – SageView Advisory Group, a financial services firm, is involved in the leasing of office space at 200 High Street.
Financials
- 11,425 SF – Size of the office space leased by Steppingstone Foundation at 200 High Street.
- 2,502 SF – Size of the office space leased by SageView Advisory Group at 200 High Street.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Davis Companies | Landlord | Company | A real estate investment firm involved in the leasing agreements for 200 High Street. |
| Steppingstone Foundation, Inc. | Tenant | Nonprofit | An educational nonprofit preparing students from marginalized communities, relocating its headquarters to 200 High Street. |
| SageView Advisory Group | Tenant | Company | A registered investment advisor providing consulting services, leasing office space at 200 High Street. |
| Colliers | Leasing Representative | Company | Represented Steppingstone in the leasing agreement. |
| JLL | Leasing Representative | Company | Represented SageView Advisory Group in the leasing agreement. |
| Newmark | Leasing Representative | Company | Represented the landlord in the leasing agreements. |