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National law firm McCarter & English has committed to a long-term relocation of its Boston office, signing an 11-year lease for 47,466 square feet at One International Place. The firm will move from its current address at 265 Franklin St. to International Place, with the relocation scheduled for May 2027.
The new lease coincides with a significant capital investment at International Place. The property is in the midst of a $100-million makeover that is intended to reposition the complex within Boston’s office market. While specific scope details were not disclosed, ownership has framed the initiative as a comprehensive reinvestment in the asset.
Donald Chiofaro Jr., vice president of The Chiofaro Company, characterized McCarter & English’s lease as an endorsement of the property’s transformation. He noted that as the project nears completion, the team is seeing leading firms opt for International Place based not only on its location but also on the amenity-rich environment being created to align with current workplace expectations.
The leasing transaction was brokered by Debra Gould and Alison Cavanaugh of Newmark. On the tenant side, McCarter & English partner Cynthia Keliher managed lease negotiations on behalf of the firm. Geoffrey Howell of DLA Piper handled negotiations on behalf of The Chiofaro Company, which is involved in the redevelopment and repositioning of International Place in partnership with PGIM Real Estate.
McCarter & English’s move underscores ongoing tenant activity among professional services firms seeking modernized office space in established business districts. By committing to a multi-year term at a property undergoing a substantial reinvestment program, the firm is aligning its Boston workplace with evolving standards for office environments and amenities while remaining in the city’s core.
The post McCarter & English Inks 11-Year, 47K-SF Lease at Boston’s One International Place appeared first on CRE Market Beat.
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