Boston’s South Station tower has landed an anchor tenant and a company name to emblazon across its facade.
JPMorganChase & Co. has finalized plans to lease 246,000 square feet across eight and a half floors at the newly finished South Station Tower, and is working with the city to secure rights to put a sign bearing its name atop the 51-story building, company leadership said Monday. It would be among the tallest signs on the downtown skyline and highly visible from the Southeast Expressway. “The way we designed South Station Tower was with a tenant like JPMorgan in mind,” said Sarah Hawkins, the head of the US East market for Houston development giant Hines, which built the project.
The Globe first reported last year that JPMorgan was considering consolidating some local offices into South Station Tower. The closed deal represents one of the largest direct leases in downtown in years and follows furniture e-retailer Wayfair and law firm WilmerHale renewing their Back Bay and downtown leases. The deal also comes as toymaker Hasbro Inc. prepares to relocate its headquarters from Rhode Island to the Seaport, in a 265,000-square-foot sublease at 400 Summer St.
About 700 JPMorgan employees will move into South Station from other local offices starting in 2028, and the bank expects its headcount here to grow to 1,000 by 2029.