Carr Properties completes new leases totaling 41,617 s/f
Boston, MA Carr Properties (Carr), a leading owner, operator, and developer of office and residential properties, has completed a series of new leases totaling 41,617 s/f at 200 State St., the firm’s Class A LEED Gold-certified office tower in the city’s Financial District. The transactions include LPL Financial, Shepley Bulfinch, Cozen O’Connor, Invisors, LLC, and Catholic Investment Services – five organizations representing both new and expanding relationships with Carr. The new commitments, which span legal, design, investment management, financial services, and consulting sectors, bring the Class A office building to 92% leased.
LPL Financial has committed to 16,075 s/f, long-term lease on the 11th floor. Serving more than 32,000 advisors, LPL Financial is a major financial services firm that supports a network of investors and wealth managers nationwide. The firm’s long-term lease at 200 State underscores its continued growth and reinforces the office’s appeal among established financial organizations seeking a location in downtown.
Shepley Bulfinch has signed a lease for 11,553 s/f on the 8th floor. The firm, which has been designing transformative spaces across sectors, will relocate its local office to 200 State. The move reflects Shepley Bulfinch’s commitment to providing its employees and clients with a collaborative, design-forward environment that aligns with its practice philosophy.
National law firm Cozen O’Connor has expanded its footprint by an additional 6,332 s/f on the 11th floor. Ranked among the top 100 law firms in the country, Cozen O’Connor is experiencing strong growth in the city and will use the expanded space to support its attorneys across a range of practice areas, from litigation to corporate law.
Invisors, LLC, a specialized Workday consulting firm, has committed to 5,105 s/f on the 4th floor. Founded in 2016, Invisors helps clients maximize their workday investments through implementation, optimization, and analytics services.
Catholic Investment Services, a nonprofit investment firm dedicated to managing Catholic institutions’ long-term investment portfolios, signed a lease for 2,552 s/f on the 13th floor. The firm, known for its value-driven approach to investing, will continue to provide endowments and foundations with mission-aligned portfolio solutions in a space that reflects its growth and ongoing commitment to serving faith-based institutions.
Carr’s investment in customer-focused amenities is also a major driver of leasing activity at 200 State, most notably the debut of a brand-new 4,837 s/f 6th floor conference center designed by Visnick & Caulfield Associates. The hospitality-inspired facility blends elegance with functionality, offering customers a 107-seat auditorium, a 20-person boardroom, and a café lounge framed by an illuminated stone feature wall and rich wood finishes. Multiple seating typologies and acoustically treated interiors create flexibility for everything from town halls to board meetings, while a sophisticated material palette of natural oak, veined stone, and bronze accents evokes the warmth of a high-end hospitality environment.
200 State is a 304,000-s/f Class-A office building in the heart of Boston’s Financial District. The building features panoramic waterfront views and upgraded comprehensive renovation features, including a full lobby, a state-of-the-art fitness center with locker and shower facilities, and a retail kiosk offering food and beverage service from For Five Coffee Roasters. Centrally located near Faneuil Hall Marketplace and the Rose Kennedy Greenway, other notable customers include Morgan, Brown & Joy LLP, and Carelon Behavioral Health.
Tim Bianchi, Deb Gould, and Bill Anderson of Newmark represented the landlord in all five transactions. Whilst Tim Bianchi of Newmark represented the tenant in the transaction of Shepley Bulfinch, Matt Davis of Colliers represented Cozen O’Connor, Peter Evans of Hunneman represented Invisors, LLC, Charlie Jennings and Christian Vallis of CBRE represented Catholic Investment Services, and Patrick Cavanaugh and Suzanne Brown of CBRE represented LPL Financial.
“200 State continues to attract exceptional organizations that are shaping Boston’s business community,” said Ryan Lopez, senior director, leasing at Carr Properties. “From panoramic harbor views to Carr’s investment in top-tier amenities like our newly completed conference center, 200 State reflects our commitment to creating workplace environments that inspire innovation, collaboration, and long-term customer success.”
“We’re excited for the opportunities presented by the new space at 200 State St.,” says Angela Watson, FAIA, President and CEO at Shepley Bulfinch. “It’s a good opportunity to define the design studio of the future in support of our unique, hybrid-forward work culture and our commitment to the well-being of all Bulfinches, while engaging with the Boston community.”