729 Boylston Street
Boston, MA

On November 17th 2007, an affiliate of Meritage Properties purchased a condominium interest in 729 Boylston Street, consisting of 17,000 square feet of office space on the second through fourth floors of the building. The property is a boutique office/retail building in the heart of Boston’s Back Bay neighborhood. The building operates as a condominium, which consists of the acquired unit as well as a first floor retail space which is owned and occupied by Uno’s Chicago Grill, with this being the first location outside of Chicago.  Meritage’s unit is currently 100% leased to office tenants with nearly 50% of the space being occupied by The Olin Center, a foreign language school who has an existing lease through 2013.

Boylston Street is one of the premier addresses in Boston.  Located in the Back Bay sub-market, this exceptional property is a block from the finish line of the Boston Marathon and within blocks of the Prudential Tower, Copley Place, the John Hancock Tower, Newbury Street and Commonwealth Avenue placing it in the center of both the business community and the high end residential area of Boston. The building is ideally positioned as a lower cost, Class B small tenant alternative to its neighboring prime office towers.  Our hands-on management style will allow Meritage the opportunity to reposition 729 Boylston by taking advantage of continued market strength and re-leasing the space, a large portion of which is currently leased at rental rates meaningfully below today’s market rate.

For Further Information Contact:

Meritage Properties - Ownership
(Owner) (914) 723-3533

Lincoln Property Company
Sarah Barber – Property Management
(617) 542-6818

To visit the property please go to:
www.729boylstonst.com