New York-based private equity and investment giant KKR is leasing 132,529 square feet of office space in downtown Boston, in what amounts to among the city’s largest leases of the year.
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The firm has outgrown the former Global Atlantic digs at the Boston Landing complex in Brighton and needed to expand, said Burke Malek, the head of KKR’s local operations.
“This strategic move downtown positions us to invest in local talent and expand our operating platform to support our US and global operations,” Malek said in a statement.
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The lease is among Boston’s largest of the year, and a win for to International Place, a 1.8 million-square-foot office complex developed and still owned by by The Chiofaro Co. The company in 2023
launched a $100 million reinvestment in the two-tower complex, including upgraded lobby space in both buildings and a 25,000-square-foot amenities center dubbed the Aries Club.