Hancock tower back bayJHT (John Hancock Tower) is no longer home to only large law firms and large financial services firms.  Today JHT is chasing tech tenants that want Class A infrastructure and amenities with large floor plates. The low rise floors fit the bill and can be a great value play for both tenant and landlord.  Boston Properties purchased the tower on 12/29/2010  for $930 million from Normandy Real Estate Partners.Some of the tenants include:
  • Bain Capital
  • CRA International
  • Oliver Wyman
  • Carat International
  • TA Associates
  • Berkshire Partners
  • Arclight Capital

From the Boston Globe:

“Frankly, the tech guys, where most of the demand in the market is, are not necessarily looking to go into a building that’s very corporate feeling,” Martel said. “These technology firms didn’t really care as much about the views. They liked the value, good clear [ceiling] heights, and efficiency.”