Boston, Massachusetts – A large Lease is being handled in the John Hancock Tower. Bain Capital is moving to the John Hancock Tower, securing a 208,000 square foot, 15-year lease in this Class A Property. The Investment Property Owners who will lease to Bain Capital are Normandy Real Estate Partners and Five Mile Capital Partners.
This new lease deal covers seven contiguous floors and includes an option to expand. Apparently Bain Capital will move in the fall of 2011, so at that point, the John Hancock Tower’s occupancy will reach 95 percent.
Bain Capital, is one of America’s most prominent and respected companies. Some recent news other than this net lease for Bain Capital is their involvement with Hospital operator HCA Inc. Hospital operator HCA Inc.is the largest in the U.S., has filed for an initial public offering (IPO). The proceeds gained from the IPO will be used to pay down the $26.86 billion in debt that the company carried as of the end of March.
The IPO comes four years after HCA was taken private for $21 billion a 2006 leveraged buyout with private-equity firms KKR and Bain Capital Partners.
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