Home > Press Releases > RBJ represents landlord in lease with TripAdvisor at 226 Causeway St., Boston

RBJ represents landlord in lease with TripAdvisor at 226 Causeway St., Boston

September 19, 2013 Leave a comment Go to comments

BOSTON – September 19, 2013 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it represented the landlord in a 72,000-square-foot office lease with TripAdvisor at 226 Causeway St. in Boston’s North Station.

Lobby at 226 Causeway St., Boston

Lobby at 226 Causeway St., Boston

Two subsidiaries of TripAdvisor – SmarterTravel and FlipKey – will occupy space on the building’s second, third and sixth floors. The groups will relocate from Charlestown and Boston, respectively, with move-in anticipated to begin in the last quarter of 2013. The lease brings 226 Causeway St. to 90 percent occupancy with the majority of the vacancy in the building’s retail area. Approximately 6,000 square feet of office space remains available on the sixth floor.

226 Causeway St. is a 193,000-square-foot, mixed-use development located adjacent to the TD Garden in an area known as the “Gateway to Downtown Boston.” The historic brick-and-beam building was originally built in 1906 and received extensive renovations in 2002, ranging from cosmetic upgrades to full internal systems overhauls. A lobby renovation completed earlier this year created a modern feel with updated lighting, lobby seating, a shared conference center and improved acoustics.

In addition to Class A office space, 226 Causeway St. also has six floors of residential units, known as Strada 234. The building offers easy access to Interstate 93 and Logan International Airport, as well as Downtown Boston, the North End, Charlestown and East Cambridge. The neighboring North Station provides public transportation via the Commuter Rail as well as MBTA Orange/Green Line stations and one of the largest Hubway public bike-share stations in Boston. The area is rich in amenities including fine dining, numerous lunch spots, fitness centers, day care, boutique shopping and business services.

“226 Causeway is an excellent location for any company, particularly a creative technology company such as TripAdvisor,” said Michael Joyce, managing partner, Richards Barry Joyce & Partners. “Additionally, North Station is one of the most active areas in Boston, with more than $1.2 billion in development underway.”

226 Causeway St., Boston

226 Causeway St., Boston

Joyce, along with RBJ&P’s Thomas Ashe and Patrick Buckley represented the landlord in the transaction.  The firm is the exclusive commercial leasing agent for 226 Causeway St.  TripAdvisor was represented by Mark Roth of Cushman & Wakefield and Anne Columbia of Columbia Group Realty Advisors Inc.

About the Market – Boston’s North Station
According to research by RBJ&P, Boston’s North Station submarket consists of 2,189,000 square feet of office space and was 6.7 percent vacant as of the quarter ended June 30, 2013. (Source: Richards Barry Joyce & Partners’ “officeSTATus – Summer 2013.”)

About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com. Follow us on Twitter at @RBJ_Partners.

Editor’s Note:  On September 9, 2013, Houston-based Transwestern announced the acquisition of Richards Barry Joyce & Partners.  Richards Barry Joyce & Partners will begin operating as Transwestern RBJ on November 1, 2013.

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