Mixed-Use Project at the Russia Wharf

Written by Boston Business Journal

Wellington Management Co. LLP has inked a deal to occupy 450,000 square feet of space at Russia Wharf, capping one of Boston's largest lease deals in recent months.

Boston Properties Inc. (NYSE: BXP), which is building a 552,000-square-foot office tower at the site, quietly highlighted the lease deal in its fiscal 2008 first-quarter earnings announced on Wednesday.

Wellington spokeswoman Lisa Finkel declined to comment, other than saying that the news in Boston Properties' financial statement was correct.

Boston Properties said Wellington signed a 15-year lease agreement on April 22. The lease is scheduled to begin in spring 2011.

Wellington has taken steps in recent months to ensure a smooth transition from three other properties it leases. Owners have listed space Wellington currently leases at 75 and 28 State St. as available for lease.

Wellington earlier this year was also reportedly negotiating a two-year interim lease at its third location at 200 State St. until Russia Wharf is ready.

Wellington will stay at 200,000 square feet of space it leases at 100 Federal St.

Russia Wharf will include a 31-story office building, and also residential space to be build into the shell of three brick buildings remaining at the site.

Wellington's lease represents 82 percent of the total, 815,000 square-foot mixed-use project.