Boston, MA — Avison Young has successfully brokered a 6,176-square-foot office lease in Boston, MA. The property is located at 266 Summer Street in the Seaport district – an area now commonly referred to as the Innovation district.
Avison Young’s Justin Dziama, a Vice-President in Avison Young’s Boston office, represented the tenant, Halloran Consulting Group, Inc. Roger Breslin of Colliers International represented the landlord, 262 Summer Street Nominee Trust.
“Avison Young worked tirelessly with us over many months to ensure we found exactly what we were looking for,” comments Halloran CEO, Laurie Halloran. ”Justin identified an ideal location in the Innovation district, which was our top choice for proximity to neighbors in life science. A move of this magnitude is never easy, and with Justin’s help, the process was virtually seamless.”
Halloran Consulting Group is a management consulting firm for the life sciences industry, partnering with companies to accelerate their product development. Halloran provides clinical, quality, and regulatory guidance for life science organizations of all types and in all stages of development, including pharmaceuticals, biotech, medical device, and service providers. Currently, the firm is located in Waltham, MA and will be relocating to its new office in late August 2014.
“With the resurgence of the Seaport district, we’ve seen more and more tech startup, pharmaceutical, and life science tenants migrating to the area,” states Dziama. “Halloran’s move to Boston’s Seaport district is strategic for the company, allowing it greater accessibility to clients and business partners.”
Located along the Fort Point Channel, Boston’s Seaport district is currently undergoing an unprecedented transformation. The Seaport district office submarket posted a 9.3% vacancy rate during the fourth quarter of 2013 with asking rents hovering around $52 per square foot. Numerous office buildings, condominiums, retail stores and restaurants are currently under construction, offering tenants a multitude of nearby amenities. Easy access to Interstate 93, the MassPike, public transportation and Logan Airport has made the Seaport district a prime area for growth.