Global Asset Manager to Relocate U.S. Corporate HQ to Boston Properties' New 888 Boylston Office Development
Paris-based Natixis Global Asset Management made its plans to relocate its U.S. corporate headquarters from 399 Boylston St. to the proposed 888 Boylston St. development in Boston's Back Bay official this week.
After signing a letter of intent earlier this year, the mutual fund management firm signed off on its 128,000-square-foot lease with Boston Properties to serve as the anchor tenant of the 425,000-square-foot, 17-story development. The lease encompasses five floors with an option to expand into a sixth. Construction on Natixis' space is slated to wrap up in fall 2017.
Boston Properties is developing the new tower as part of its Prudential Center complex between the recently completed Mandarin Oriental Boston and the Hynes Convention Center. It is the first office tower constructed in the Back Bay submarket in more than a decade.
Natixis has acquired more than 15 investment management firms over the last 15 years and today employs 3,400 professionals worldwide, 1,400 of which are located in Boston.
John Barry and Michael Joyce of Transwestern | RBJ brokered the transaction on behalf of Natixis.
According to Boston Properties, 888 Boylston Street is designed to be Boston’s most sustainable office building, incorporating such sustainable features as a chilled beam HVAC system, on-site rooftop wind power generation that will power all exterior building and plaza lighting, and a rain harvesting and reuse system. The project is being constructed to LEED Platinum specifications and will reportedly use 45 percent less energy and 37 percent less potable water than an average office building.