401 Park Update 05/09/23

Toast to Vacate Fenway HQ

Restaurant tech company Toast has announced plans to vacate their office space at 401 Park Drive. The firm is planning to leave the 8th-floor space by Jun. 30 and will then vacate the 5th-floor at the end of 2024. The lease for the roughly 133,000 square feet of space was set to expire in 2029. Toast will pay $16M to Alexandria for the early termination.

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