THE LAB

Curtis R. Kemeny

| Sep 14, 2016

Boston Urban Partners delivered above and beyond on its commitments by achieving a starting rent of $50/sf with Sotheby’s, a credible retail tenant, which equates to a +/-142% premium over market rent in the district.  BosUrban were able to lease the space in 3 months, up to 9 months faster than the typical lease up time.  As a result of these gains, ownership here will net an additional $257,000 in rent over the term of the lease.