A few days ago, national real estate developer Fortis Property Group completed a $1 billion-plus refinancing of One Lincoln, an office tower located in Boston’s Financial District. The refinancing proceeds will be used to repay existing debt and provide more than $200 million in capital upgrades geared toward wellness and lifestyle amenities, as well as future leasing costs.
Furthermore, an office lease was signed with HarbourVest Partners, a leading global private markets firm and the new anchor tenant at the building. The Boston-based private equity firm has signed a long-term lease for over 250,000 square feet of office space spread across 11 floors in the building. In 2025, HarbourVest will move its Boston headquarters and all Boston-based employees to One Lincoln. As part of the lease agreement, the firm will replace State Street Corp as the building’s namesake. HarbourVest has over 650 employees in Boston and over 1,000 employees in 12 global offices.
Originally built in 2003, One Lincoln offers over 1,114,000 square feet of premium commercial office space and 900 parking spaces. The building’s lobby, food services and amenity center will be renovated. In addition to reconfigured floorplates, the spaces will be complemented by a wide array of indoor and outdoor amenities. A first of its kind in Boston, the building will feature an array of dining experiences, including an artisanal market, biergarten, al fresco seating and dining space, as well as health and wellness spaces consisting of rooftop tennis and basketball courts, boxing ring, state-of-the-art fitness center, and 1/8-mile outdoor walking trail. It will also include flexible spaces with stadium seating that can be used for exhibitions, speaking events or private gatherings.
