Amazon leasing over 150,000 square feet at 253 Summer Street in Fort Point, Lolita Cocina opening on ground floor by end of year

Amazon will lease over 150,000 square feet at Synergy Investments’ 201,481-square-foot 253 Summer Street office building in Fort Point overlooking Fort Point Channel. Amazon’s new office will be located next to General Electric’s upcoming $200 million Innovation Point headquarters campus, creating a new center of innovation for Boston. 250 Summer Street, a 104,728-square-foot office building located across from 253 Summer Street, sold last week to Morgan Stanley for $62.5 million ($596.78 per square foot), speaking to the growing desirability of the Fort Point neighborhood for technology movers and shakers of various stages. Additionally, Lolita Cocina & Tequila Bar will open on 253 Summer Street's ground floor by the end of this year and is currently aiming for a soft opening later this Summer, joining Fort Point's growing dining scene.

Amazon will occupy nearly 75% of 253 Summer Street, which has been largely vacant since former anchor tenant Partners Healthcare’s move last year to Partners’ newly built headquarters at Assembly Row in Somerville. Per The Real Reporter, Amazon will enter a deal lasting as much as 10 years, paying primary upwards of $50 per square foot with rates escalating annually “from the high $40’s to low $50’s at the outset”; Amazon may also retain expansion rights for the remainder of 253 Summer Street as space becomes available. Synergy acquired 253 Summer Street for $40 million ($198.53 per square foot) in December 2010.

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