Real Estate

Avison Young awarded contract at South Station bus terminal in Boston

Boston – Avison Young has been selected by the Massachusetts Bay Transportation Authority (MBTA) to manage the 312,000-square-foot (sf) South Station bus terminal. The Avison Young team will be led by Steve Prozinski, Avison Young Principal and Director of Property Management in the New England region.

“The South Station bus terminal is an important Boston transportation center,” comments Prozinski. “We are thrilled to be working with the MBTA and look forward to continuing our longstanding relationship not only with the MBTA, but also with the tenants and employees who keep the station running.”

In February 2014, Avison Young began providing property management services for the bus terminal. These services include building-maintenance and repairs, construction supervision, tenant request services, management and administration of vendor contracts, preparation of annual operating plans and budgets, tenant relations, cash-flow management, facilities management and cost savings.

Located at 700 Atlantic Avenue, in the Chinatown/Leather District neighborhoods, the South Station bus terminal serves as the main gateway for inter-city buses in and out of Boston. More than 12,000 passengers pass through the bus terminal each day from the 10 inter-city bus companies that operate out of South Station. The five-story building is a mixture of glass and metallic exterior, with mainly a red-granite stone and metallic surfaced interior. The station contains a variety of amenities for passengers, including a newsstand and snack bar; three fast-food outlets: Honey Dew Donuts, D’Angelos and McDonalds; and a 220-car public parkade on the roof.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, the company comprises more than 1,500 real estate professionals in 57 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties