Bain Capital Boston Office Expansion and Headquarters Growth

Bain Capital's Boston office has been expanding rapidly, with a significant increase in headquarters growth. The company has been actively acquiring new properties to accommodate its growing workforce.

Located in the heart of Boston, the office has been renovated to provide a more modern and collaborative work environment. This expansion has allowed the company to bring more employees under one roof.

The Boston office is now home to over 1,000 employees, with plans to continue growing in the coming years. This increase in staff has also led to an expansion of the company's philanthropic efforts in the local community.

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Bain Capital has signed a 378,000-square-foot lease renewal and expansion for its headquarters at BXP's 200 Clarendon St.

The expansion brings Bain's footprint to 378,000 square feet, up from approximately 315,000 square feet of office space the investment firm currently occupies in the building.

Bain Capital will grow its footprint significantly at New England's tallest building, 200 Clarendon St.

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The 62-story tower features 50,000-square-foot floorplates and an adjacent eight-story parking garage with 2,013 spots.

200 Clarendon St. is New England's tallest building and one of Boston's landmarks, rising 790 feet.

BXP purchased the tower for $930 million from a joint venture between Normandy Real Estate Partners and Five Mile Capital Partners in 2010.

The high-rise was 95.2 percent leased as of June 2024, according to BXP's supplement for 2024's second quarter.

The developer implemented an energy conservation measure to reduce the building's environmental impact, reducing electricity consumption by upward of 27 percent.

Bain Capital took charge of improving its headquarters, tapping Commodore Builders and CBT Architects for a multi-level renovation effort targeting floors 38, 43, and 44.

The project focused on mechanical, electrical, and plumbing reworks, as well as the installation of a decorative stair, among others.

BXP has leased roughly 2.2 million square feet of office space since the start of the year, with most of the activity concentrated in the Boston, New York, and Washington, D.C. regions.

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Bain Capital has been a long-time resident of the Back Bay, occupying 200 Clarendon St. since 2011.

The company's main global headquarters is housed in the 62-story glass-paned skyscraper, which is commonly referred to as the "new" John Hancock Tower.

Bain's footprint in the building will expand to 378,000 square feet, up from approximately 315,000 square feet of office space they currently occupy.

The lease expansion is a significant deal, marking one of the largest office space deals since the pandemic.

BXP, the landlord and owner of the building, acquired the tower in 2010 for $930M.

As of 2021, Bain occupied roughly 270,000 square feet in the building and reportedly started shopping for as much as 400,000 square feet last year.

The 200 Clarendon building is the tallest office building in New England, featuring 1.7 million square feet across 62 stories.

BXP has leased roughly 2.2 million square feet of office space since the start of the year, with most of the activity concentrated in the Boston, New York, and Washington, D.C. regions.

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