Loomis, Sayles & Company signs 232,000-square foot lease extension and restructuring at One Financial Center in Boston

Boston – In the largest office lease transaction in the Boston market since mid-2019, global investment management firm Loomis, Sayles & Company has signed a long-term 232,000 square-foot lease extension and restructuring that runs through mid-2037 at One Financial Center, one of the most recognized office buildings in downtown Boston.

“Staying at One Financial Center with a ‘right-sized' long-term lease extension made the most sense for our business operation and employees,” said Kevin Charleston, Chairman & CEO of Loomis Sayles.

Loomis, Sayles has a 35-year relationship with Avison Young, which began in 1985 when Loomis, Sayles first occupied its original space at One Financial Center. The Avison Young team in Boston comprised of Ron Perry, Larry Epstein and Matt Perry represented the tenant in the transaction. The building’s owner, a joint venture between MetLife Investment Management and Norges Bank Investment Management, was represented by Bill Anderson, Dave Martel, and Allison Cavanaugh of Newmark. MetLife Investment Management’s interest in One Financial Center dates back to its construction in 1984.

“Loomis Sayles was looking for the best combination of location, value, and flexibility in its new lease as well as a strategy that created the least disruption to its operations,” said Perry. “We were able to structure a transaction that allowed them to stay at their current headquarters on a long-term basis to meet the needs of their employees now and for the future.”  

 “The Avison Young team’s familiarity with the needs of Loomis Sayles, along with the decisive and opportunistic decision making of our client, served us well in getting this transaction finalized before year-end,” added Epstein.