NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) has signed approximately 30,000 square feet of leases since quarter end at 116 Huntington, the company’s 272,000-square-foot, Class-A office property in the Back Bay submarket of Boston, bringing the building to 100 percent leased. The recent leasing activity included a 26,000-square foot lease with Silversmith Capital Partners, a Boston-based growth equity firm that partners with entrepreneurs in growing, profitable technology and healthcare businesses.
Beginning this December, Silversmith will occupy the building’s 14th and 15th floors, which Columbia connected to create a spacious, light-filled space atop the building, complete with direct access to multiple new private terraces.
Columbia has completed other significant enhancements to 116 Huntington since it acquired the building in 2015. These included modern upgrades to the main entrance and lobby, the elevators and other common areas, as well as improvement of the onsite retail, culminating in the addition of local favorite Jaho Coffee. Since the beginning of 2017, when many of these renovations were delivered, Columbia has completed approximately 100,000 square feet of leasing at 116 Huntington, at starting face rates 25% to 30% greater than the building had previously achieved. Other notable tenants include American Tower, GE Healthcare, and Brigham and Women’s Hospital.
“We have worked diligently to cultivate the right mix of tenants and amenities for 116 Huntington, to capitalize on its exceptional Back Bay location,” said Nelson Mills, Chief Executive Officer of Columbia. “We are very pleased to see that effort rewarded with strong leasing rates and full occupancy, and are excited to welcome Silversmith to their new home.”
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) creates value through owning, operating and developing Class-A office buildings in high-barrier U.S. office markets, primarily New York, San Francisco, and Washington D.C. Columbia is deeply experienced in transactions, asset management and repositioning, leasing, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 18 properties that contain over eight million rentable square feet, as well as one property under development. Columbia has investment-grade ratings from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.
Certain statements in this press release, including statements regarding future business operations, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to uncertainty and risks. Our actual results may differ materially from projections. See Item 1A in the Company's most recently filed Annual Report on Form 10-K for the year ended December 31, 2018, for a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements. Such forward-looking statements are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.