Synergy Acquires 179 Lincoln Avenue in Downtown Boston

BOSTON – Synergy introduced that it has acquired 179 Lincoln Avenue, a newly repositioned, 221,474-square-foot workplace constructing in Downtown Boston.

The five-story, 82% leased, LEED Silver-certified asset includes a complete metropolis block alongside The Rose Fitzgerald Kennedy Greenway (The Greenway), steps from South Station and straight throughout from on/off ramps for Interstates 90 and 93.

The deal was brokered by Newmark, led by Robert Griffin, co-head of US Capital Markets, Edward Maher, Government Vice Chairman, Matthew Pullen, Vice Chairman, James Tribble, Government Managing Director, Samatha Hallowell, Managing Director and William Sleeper, Senior Monetary Analyst.

179 Lincoln Avenue’s first-class repositioning represents a merging of the asset’s historic Beaux-Arts exterior and brick-and-beam inside with totally modernized tenant areas, widespread areas, and on-site facilities. The award-winning constructing (recipient of the Boston Preservation Alliance’s 2009 Achievement Award) affords tenants a inventive workplace profile that’s just about unmatched amongst Downtown Boston’s already-limited brick-and-beam sector—and precisely the kind of constructing that corporations are utilizing as “forex” to entice their workers again to the workplace.

David Greaney, CEO of Synergy, commented, “179 Lincoln Avenue affords a strategic location, mixed with its wealthy historical past and fashionable facilities, making it an distinctive asset concerning the tenant expertise. As we proceed to increase our Boston portfolio, we look ahead to persevering with to ship excellent worth to our tenants and stakeholders by way of this acquisition.”

179 Lincoln Avenue, located in Boston’s South Station submarket, options massive, versatile flooring plates spanning roughly 43,000 sq. ft, with ceiling heights reaching as much as 14’9” to the underside of the deck. The property strategically accommodates a various tenant roster, together with respected corporations similar to Smartsheet, Wooden Mackenzie, XPO Logistics and Mad*Pow.

Accomplished in early 2023, 179 Lincoln Avenue’s repositioning reworked its foyer and central core plus the widespread areas on every of its 5 flooring into light-filled, welcoming public areas and practical collaboration areas for a variety of group sizes and work types. The roughly $3 million challenge additionally unearthed 179 Lincoln Avenue’s wealthy historical past as a shoe manufacturing facility and uncovered a few of its earliest design parts, together with its authentic terra cotta flooring.

179 Lincoln Avenue’s architect and inside designer was Atelier Cho Thompson, an award-winning women-and-minority-owned agency that oversaw the reimagining of 8,000 sq. ft of shared areas. The property has been awarded a collection of accolades, together with the 2023 Inside Design Better of Yr Award, AIA Connecticut’s Design Award, Dezeen’s 2023 longlist for finest workplace areas the world over, and was acknowledged with the distinguished Finest in Present on the 2023 IIDA New England Design Awards.

Synergy has a profitable historical past of envisioning and repositioning properties within the New England area. At the moment, Synergy is redeveloping the most important office-to-residential conversion in Massachusetts at Chestnut Place in downtown Worcester, MA. The 2-building property is about to deliver 198 new market-rate flats and 22 reasonably priced flats to the area.

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