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Boston's Russia Wharf Attracts New Development

Posted by: Mike Lydon

30 September 2007 - 9:00am

The construction of a new office tower on Russia Wharf exemplifies an improving commercial real estate market in Boston.

"Investment giant Wellington Management is working toward an agreement to lease the 31-story office tower being built by Boston Properties Inc. on Russia Wharf in downtown Boston, according to several real estate executives who have been briefed on the negotiations.

Landing Boston-based Wellington, which manages $550 billion in investments, would be a major coup for Boston Properties and would virtually assure a successful redevelopment of the historic complex, which also fronts the new Rose Fitzgerald Kennedy Greenway.

The investment firm has been a much-sought tenant by Boston landlords who will have a large enough space to accommodate the bulk of Wellington's operations when its current leases expire in the next few years.

The planned Russia Wharf tower will have about 550,000 square feet of space."

Full Story: Firm in talks for Russia Wharf tower
Source: The Boston Globe, September 28, 2007
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