Cushman & Wakefield announced that it has represented the ownership of 53 State Street in four separate transactions. Press Ganey Associates, Aon, Institute for Healthcare Improvement and Experian Information Solutions will all relocate to 53 State Street in Boston and occupy a total of 103,562 square feet. These transactions represent the most new leasing in any Financial District property during the third quarter of 2017.
Standing 40 stories tall in Downtown Boston, 53 State Street is one of the city’s most recognizable properties. The building includes over 1.1 million square feet of office space, which is leased to some of the city’s most prominent businesses such as Hill Holliday, Boston Globe Media, SAP, Marcum and Morgan Stanley. Located in the hub of Downtown Boston, 53 State Street offers tenants an abundance of amenities including a newly constructed conference center, roof deck with sweeping views of the city, a fitness center and Squeeze Café. 53 State Street offers unparalleled access to Interstate 93, Logan Airport, the Mass Pike and Storrow Drive. Additionally, all four of the MBTA subway lines are within a short walking distance from the building. Not only is 53 State Street one of the most ideal locations for tenants, equidistant between North and South Station, but is also recognized for being one of the most energy efficient buildings in the city as evidenced by its LEED Platinum designation.
“These four leases demonstrate a strong commitment from the tenant community. It’s no secret that 53 State Street’s on-site amenities, led by its spectacular new 8,000 square foot roof deck, adjacent conference center and tenant-only fitness center, has created a buzz, making it one of the city’s most desired locations,” said Glenn Verrette, Cushman & Wakefield’s Executive Director.
Press Ganey Associates, whose work focuses on supporting health care providers in understanding and improving the patient experience, leased 10,401 square feet of office space at 53 State Street, while Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions leased 39,229 square feet. The Institute for Healthcare Improvements, a healthcare improvement company, will relocate from Cambridge and occupy 26,962 square feet of office space and Dublin-based global information services group, Experian Information Solutions, has leased 26,970 square feet.
Press Ganey Associates was represented by Brian Hines, Vice Chairman, and Malcolm See, Senior Associate, of Cushman & Wakefield. John Nugent, Vice Chairman, Dave Fitzgerald, Executive Vice President/Partner and Tim Howe, Senior Vice President of CB Richard Ellis/New England represented Aon. Molly Heath, Executive Vice President and Neil Ross, Managing Director of JLL represented Institute for Healthcare Improvement, while Ronda Clark, Managing Director and Ted Wheatley, Executive Vice President of JLL represented Experian Information Solutions.
Cushman & Wakefield’s Executive Director Glenn Verrette and Senior Director John McHugh represented the ownership of 53 State Street in all four leasing transactions. Since working with the ownership and property team, Cushman & Wakefield has completed 31 transactions totaling over 659,000 square feet.
Cushman & Wakefield’s Boston office provides a complete suite of commercial real estate services for the entire lifecycle of properties and portfolios.
About Press Ganey Associates
Press Ganey is a leading provider of patient experience measurement, performance analytics and strategic advisory solutions for health care organizations across the continuum of care. Press Ganey is recognized as a pioneer and thought leader in patient experience measurement and performance improvement solutions. The company’s mission is to help health care organizations reduce patient suffering and enhance caregiver resilience to improve the safety, quality and experience of care.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. For further information on our capabilities and to learn how we empower results for clients, please visit http://aon.mediaroom.com.
About the Institute for Healthcare Improvement (IHI)
IHI is a leader in health and health care improvement worldwide. For more than 25 years, IHI has partnered with visionaries, leaders, and frontline practitioners around the globe to spark bold, inventive ways to improve the health of individuals and populations. Recognized as an innovator, convener, trustworthy partner, and driver of results, IHI is the first place to turn for expertise, help, and encouragement for anyone, anywhere who wants to change health and health care profoundly for the better. Learn more at ihi.org.
About Experian Information Solutions
Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime. We have 16,000 people operating across 37 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.