Newmark is pleased to announce that its Boston office has been selected by Ashkenazy Acquisition Corp. to lead the office positioning and leasing responsibilities for the historic Faneuil Hall Marketplace.
Senior managing directors Jim Griffin and Peter Bean will head the assignment.
The storied property, often referred to as the “Cradle of Liberty,” sits on 6.5 acres in the heart of Beantown and its revitalized waterfront. It spans 350,000 square feet, including 155,000 square feet of office space, and features three renovated 19th Century buildings surrounding a cobblestone promenade. The remaining space is dedicated to retail and restaurants.
Faneuil Hall’s fabled life began in 1742, when the city’s wealthiest merchant, Peter Faneuil, built the hall as a gift to Boston. Its prominence in American history did not stop there. It is where colonists first protested the Sugar Act in 1764 and established the “no taxation without representation” doctrine. Samuel Adams called for independence at the great hall, while George Washington toasted the nation’s first birthday there.
Now the vibrant marketplace welcomes more than 18 million visitors each year with 49 boutiques, 44 pushcarts, 34 fast serve food tenants, two specialty food purveyors and 10 full-service restaurants. Fanueil Hall also offers outdoor entertainment including jugglers, acrobats, magicians and musicians.
For potential office tenants, the marketplace is conveniently located near the financial district, Boston’s North End and the government center.
“The marketplace is considered one of the most successful examples of urban revitalization in the country,” says Griffin. “Under the stewardship of Ashkenazy Acquisitions, it is poised to expand and improve on its status as one of Boston’s most iconic landmarks.”
Newmark is one of the largest real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.