Global commercial real estate advisor Avison Young has successfully arranged a 6,885-square-foot sublease for Lazarus, a cutting-edge enterprise-grade foundation model company, at the prestigious 33 Arch Street Boston Ma. This move, from a flexible office space in Kendall Square, marks a significant step for Lazarus as they establish their first dedicated headquarters within the Class A office building. The sublease agreement, facilitated by Avison Young, is with sublandlord Evoke Mind + Matter.
Kirk Weller, Senior Vice President at Avison Young’s Boston office, represented Lazarus in the transaction. JLL’s Katie Bailey and Will Foley acted on behalf of the sublandlord, Evoke Mind + Matter. This strategic move to 33 Arch Street Boston MA underscores the continued demand for high-quality, move-in ready office spaces in Boston, particularly within the attractive sublease market.
Weller highlighted the dynamics of the Boston commercial real estate market, stating, “Over half a million square feet of sublease space has been absorbed in Boston during the first half of 2024. Tenants and subtenants are consistently drawn to premium properties, especially those available on the sublease market. These spaces typically offer the advantage of being immediately occupiable and economically favorable.” He further emphasized that “Lazarus’s relocation to 33 Arch Street Boston MA will consolidate their team into a central hub, providing substantial space for growth and enhanced collaboration as they expand to meet the needs of their growing client base.”
33 Arch Street Boston MA: A Premier Financial District Address
The building located at 33 Arch Street Boston MA is a distinguished 33-story, Class A office tower encompassing 603,290 square feet in Boston’s thriving Financial District. This prime location offers tenants exceptional accessibility to all major rail and subway lines, making it a highly desirable address for businesses and commuters alike.
Beyond its strategic location, 33 Arch Street Boston MA boasts an array of top-tier tenant amenities designed to enhance the workday experience. These include a state-of-the-art fitness center, secure bicycle storage, modern conference facilities, a convenient on-site restaurant, and on-site parking. Lazarus will benefit from a newly built-out and fully furnished office space within this premier building, ensuring a seamless transition and immediate operational readiness.
Charlotte Reid, Chief Operating Officer of Lazarus, expressed enthusiasm about the new headquarters at 33 Arch Street Boston MA, “The new office has been a significant positive change for our team. The space is ideally suited to our requirements, fostering more effective collaboration as we propel Lazarus forward to its next phase of development. The Avison Young team demonstrated a clear understanding of our needs and ensured a smoothly managed process from start to finish.”
Avison Young’s role in securing this sublease at 33 Arch Street Boston MA for Lazarus exemplifies their commitment to creating real economic, social, and environmental value for their clients. As a global real estate advisor, Avison Young leverages its expertise and market insights to empower businesses like Lazarus to achieve their strategic objectives through optimal real estate solutions. Their recognition as a 2024 winner of Canada’s Best Managed Companies Platinum Club designation for 13 consecutive years further underscores their industry leadership and dedication to client success.
