Represented LEGO Group in the Closing of a Commercial Lease Agreement for New Headquarters
Represented Danish toymaker, LEGO Group, in the closing of a commercial lease agreement for the new American headquarters located in Boston, Massachusetts. The lease of 130,000 square feet of office space at Samuels & Associates' P12 development is an under-construction, air-rights project that will bridge the Back Bay and Fenway neighborhoods in Boston. Negotiating the terms of the lease presented several challenges in the current commercial office market. However, in a post-pandemic commercial office space, where creditworthy tenants are increasingly hard to find, LEGO and Shipman were able to negotiate significant benefits for LEGO.