News

Bose Follows The Bruins With Major Office Deal At Boston Landing

Photo credit: Courtesy of NB Development Group
80 Guest St. At Boston Landing

Framingham-based Bose Corp. is the latest firm to look to the urban core for office expansion.

The speaker and audio giant will lease 98K SF at Boston Landing’s 80 Guest St. beginning in summer 2018, it announced Monday. The news came the same day CNET reported the company’s CEO, Bob Maresca, will retire at the end of the year and be succeeded by current Bose President Phil Hess. Maresca has been with the company 31 years and will remain as chairman of the board and a trustee of the company.

Bose’s Boston office will be in the same building as the Boston Bruins' practice facility at Warrior Ice Arena. The company will maintain its headquarters in Framingham.

“The Bose transaction brings our 80 Guest Street property to near 100% leased and puts its imprint on the transformative nature and innovative spirit that is Boston Landing as the western gateway into Boston,” NB Development Group Managing Director Jim Halliday said in a prepared statement.

NB Development announced in September it had signed deals with life science companies Proteostasis Therapeutics and Swiss drug manufacturer Roche Diagnostics Operations for 30K SF spreads at 80 Guest St.

McCall & Almy represented Bose in the transaction, while Transwestern’s Steve Purpura and Perry Beal worked with the NB Development Group team of Jim Halliday, Bob Graham, Erin Harvey and Keith Craig.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

How A New Financing Model Helps Spur More Mixed-Income Housing

Law Firm Relocating To South Station Tower: The Boston Deal Sheet