Colliers International is pleased to offer for sale 125 Tremont Street in Boston, Massachusetts (the “Property”). This offering represents a rare opportunity to control one of the last potential development sites surrounding the Boston Common. Comprised of 15,185 rentable square feet over 3-stories, the existing Class B building is 100% occupied by quality office and retail tenants on short-term below market leases. The weighted average remaining lease term of the existing tenancy is 1.5 years. The Property is ideally positioned for the incoming owner to execute a value-add repositioning of the existing building or a full-scale redevelopment of the underbuilt 8,015 square foot site. Given its premium location and the attractive underlying zoning, the Property offers multiple compelling potential future use and development scenarios.
ZONING (AS OF RIGHT)
MIDTOWN CULTURAL DISTRICT
Residential, Office, Hotel, Retail, Institutional
*Far increases to 10 with Large Project Review
125 Tremont is located directly across the street from Boston Common and is central to Boston’s top employment districts, tourist attractions, restaurants and shops in the Financial District, Theater District, Downtown Crossing and Back Bay. Access to 125 Tremont makes it one of the most strategic and desirable locations within the city. The Park Street MBTA station (Green Line and Red Line) is located steps from the building while Downtown Crossing (Orange Line) is less than a five-minute walk away.
125 Tremont is available on an “as-is” and contingent basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials.
125 Tremont is fully leased to quality tenants on below market leases through 2022. The Property is ideally positioned offering flexibility, in-place income and runway for the incoming owner to pursue a repositioning or development strategy in a super-premium location in the heart of Boston.
Downtown Crossing has experienced a surge in development with many recent and upcoming largescale projects across all sectors including office, retail, and academic uses. Notable developments include Millennium Tower, One Post Office Square, and Winthrop Center.
Existing zoning provides a by-right FAR of 8.0 (64,120 SF) and, with Large Project Review, the FAR can be increased to 10.0 (80,150 SF). There is substantial unused FAR today on the 14,181 SF building and 8,015 SF lot (FAR: 1.8).
Boasting a 97 Walk Score, 125 Tremont is perfectly situated on the corner of Tremont and Hamilton Pl, steps away from the Park Street MBTA station and a short walk from Downtown Crossing, providing seamless transit access to every employment center in Boston, Cambridge and beyond. The Property is ideally positioned between major employers and easily walkable to the surrounding parks, restaurants, shops, and theaters that the Financial District, Downtown Crossing, and Back Bay have to offer.
Net Rentable Area:
125 Tremont St & 11-12 Hamilton Pl, Boston, MA 02108
125 Tremont: 4,925 SF
Hamilton Pl: 3,090 SF
Total Land Area: 8,015 SF
3 plus basement
7-Eleven, FedEx, T-Mobile, ELS Educational Services
Directly Across Street