Aptiv leases 62,000 square feet at 100 Northern Avenue in Seaport District
British autonomous car and vehicle safety company Aptiv has leased 62,000 square feet across several floors at 100 Northern Avenue, a recently constructed 17-story, 534,000-square-foot office building located in Boston’s Seaport District. Aptiv’s space will house about 300 employees and open in mid-2018, joining anchor tenant law firm Goodwin, who leases 375,000 square feet across the seventh through 17 floors and a portion of the sixth floor.
Aptiv’s space will include the headquarters of nuTonomy, the autonomous car startup that has partnered with rideshare provider Lyft to test autonomous cars throughout the Seaport District. Aptiv, formerly known as Delphi, acquired nuTonomy for $450 million in October 2017. nuTonomy will relocate from its’ current office at the Seaport District’s Innovation and Design Building.
With Aptiv’s lease, about 79,000 square feet of office space remain for lease at 100 Northern Avenue. The building’s ground floor contains 18,000 square feet of retail home to a Sorelle cafe and a Wagamama restaurant. 100 Northern Avenue is located on the edge of Boston Harbor, with sweeping views of the water and the Boston skyline. The building was completed in Summer 2016 by The Fallon Company, and sold to Deutsche Bank of Germany for $447 million in March 2017.
100 Northern Avenue Class A office building in Seaport District trades for $447 million
RREEF Property Trust, a division of Deutsche Bank of Germany, has acquired the recently opened, 515,000 square foot 100 Northern Avenue Class A office building in the Seaport District from developer The Fallon Company for $447 million. The sale amounts to about $868 per square foot. 100 Northern Avenue was developed for $300 million and opened in July 2016. The building is 75% occupied by lead tenant Goodwin LLP, with Sorelle Bakery & Cafe now open on 100 Northern Avenue's ground floor.
Goodwin installs sign at new Seaport headquarters
Law firm Goodwin has installed a new sign at the summit of its’ newly opened headquarters at 100 Northern Avenue in the Seaport District. The sign is a fixture of the Boston skyline prominently visible from Boston Harbor. The newly built 17-story 100 Northern Avenue opened this past summer and features Class A office space with sweeping views of Boston Harbor and the Boston skyline. Goodwin Procter occupies 75% of the building. A Sorelle cafe will soon open on 100 Northern Avenue’s ground floor. The following is a photograph of the new Goodwin sign at 100 Northern Avenue:
100 Northern Avenue listed for sale, could fetch $515 million
100 Northern Avenue, a 17-story, 515,000 square foot Seaport District office building open since last summer, has been listed for sale through HFF. 100 Northern Avenue is expected to draw bids of about $515 million, or $1,000 per square foot, according to a Real Estate Alert report. 100 Northern Avenue cost $300 million to develop and is 75% occupied by law firm Goodwin Procter.