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Rating:A Boston Asset Manager Puts Office Space on the Market Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 18, 2009

A Boston Asset Manager Puts Office Space on the Market

by: Meredith Mazzilli

Wellington Management has reportedly put 134,000 square feet of prime office space in Boston's financial district on the sublease market. That's the first major block of sublease office space to come on the downtown market this year, reported the Boston Business Journal.

Wellington, whose headquarters are on 75 State Street, has listed office space at 100 Federal Street for sublease, according to the report, citing unnamed real estate executives. The investment manager reportedly listed the space, on the 20th through 22th floors of the building, for about a month now.

Wellington spokesperson Lisa Finkle declined to comment to The MFWire on the reason behind the listing.

Word of the listing comes on the heels of reports at the start of the month that the Massachusetts Pension Reserve Investment Management board ended its contract with Wellington, which had managed a $163 million REIT.

Last December, Wellington laid off an undisclosed number of employees amid the market downturn (see The MFWire, 12/03/08).  

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