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Portfolio Client

Expansion of Boston Portfolio

Client
  • Aptiv
Space
  • 175,912 sq. ft.
Industry
Locations
  • Multiple Locations

client objectives and results

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Client Objectives

  • Engaged Cresa to support the expansion of their Boston portfolio.
  • Required manufacturing and development space as well as corporate office space, and strongly preferred to have all of their operations concentrated in Boston’s Seaport District.

Results

  • Cresa secured an off-market space in the Seaport District that meets Aptiv’s development and testing requirements (loading docks, drive-in capability, high clear height, etc.) within the City of Boston’s Autonomous Vehicles Zone.
  • On behalf of Aptiv, Cresa structured the lease to include tenant improvement funds and additional parking usage.
  • Cresa also secured the second floor of 100 Northern Avenue with phased occupancy and maximal flexibility for Aptiv’s corporate office requirements.
  • When Aptiv required additional space, Cresa identified Class A options within the Seaport neighborhood, ultimately selecting 55,000 SF of expansion space within one block of Aptiv’s existing corporate offices. Through multiple rounds of negotiations, Cresa secured a 10-year direct lease with ownership inclusive of above-market tenant improvements.
  • Aptiv now occupies nearly 150,000 SF of Class A space across two locations in the Seaport, establishing their presence as a leading technology brand in one of Boston’s most vibrant markets.