Millers and Moore of Lincoln Property Co. Boston sign 120,500 s/f lease renewal to KPMG at Two Financial Center

Boston, MA According to Lincoln Property Co. Boston (LPC), leading audit, tax and advisory firm KPMG LLP has signed a long-term renewal to maintain its 120,500 s/f footprint at Two Financial Center, a class A mid-rise tower in downtown. 

LPC’s Jeffrey Moore along with John Miller and Brendan Miller represented the landlord, ASB Real Estate Investments (ASB), in the lease negotiations. Cushman & Wakefield’s Jay Driscoll, Barry Hynes, Mike Joyce and Pat Murphy represented the tenant. 

 

 

 

Brodie Ruland, Northeast region head and senior vice president at ASB, said, “We are excited about continuing ASB and LPC’s longstanding relationship with KPMG.  As part of the deal, we are adding a high-end roof top amenity space and renovating the lobby.  Combined with KPMG’s credit, these upgrades will help solidify Two Financial as one of the premier boutique assets in the market.” 

“ASB and LPC are pleased to have extended what we view as our partnership with KPMG as anchor tenant at Two Financial Center. Ten years ago, when we began construction and signed the original lease with KPMG, this commitment to a longer term is what we had envisioned and hoped for,” said Moore, senior vice president at LPC. 

Located at the intersection of Essex and South Sts., Two Financial Center straddles the Leather District and Financial District providing access to South Station, the Mass Pike and I-93. The 220,000 s/f building offers floor-to-ceiling windows and on-site valet parking with an upcoming multi-million dollar capital improvement plan that includes the addition of a rooftop deck for tenants and lobby upgrades. The new roof deck will feature outdoor dining areas, casual seating complete with fire pit and trellises, urban landscape design, and views of downtown, Back Bay and South End. The lobby renovations will introduce soft seating areas and incorporate hospitality-like amenities to engage both tenants and visitors. 

Ownership hopes to secure a coffee/juice bar with grab-and-go food items and create tenant collaboration spaces.

“At KPMG, innovation and collaboration are critical to sustaining our firm’s growth – both in how we continue to attract and retain our professionals as well as how we serve our clients,” said KPMG’s Boston office managing principal, Darren Donovan. “By doubling down on our investment in Boston and enhancing the utility of our workspace, conference facility, and innovation space, we are further extending our ability to provide our current and future clients with the critical thinking, solutions and advanced technology they need to compete and lead in their markets.”

 ASB’s ownership investment in Two Financial Center is made on behalf of its Allegiance Real Estate Fund, a core investment vehicle.