40 Court St. is located in downtown Boston’s Central Business District, immediately adjacent to Government Center. The property offers tenants renovated office spaces, a soon-to-open premiere full-service restaurant on the ground level, and ample natural light. Further, the building has excellent access via the subways lines and other transportation options that ring the building. The building continues to attract top tenants and retain many of them beyond their original lease terms. Some of the high quality tenants include Suffolk University, Trinity Financial, and Oceanaire Seafood Room.

40 Court St., the former United States Trust Company Building, is centrally located in Downtown Boston, situated next to both the Government Center and Historic Faneuil Hall Marketplace. With several transportation, shopping, and restaurant options within short walking distance of the building, 40 Court St. has attracted and retained a strong, diverse group of tenants. 40 Court St.’s retail space soon will have an upscale restaurant, Oceanaire Seafood Room, that will not only transform the current space with several million dollars worth of improvements, but change the local neighborhood by bringing in a high-end, destination restaurant to a recently underserved neighborhood. The flexible floor plates, the recent renovations, and the tightening supply in the market, have allowed Brickman to increase rents, expand existing tenants, and fully lease up this prestigious boutique office building.

Brickman believes the current tenants will continue to seek lease extensions as the availability for comparable boutique office space in downtown Boston becomes increasingly limited. Recognizing the lack of office supply in the near future, Brickman will increase the building’s below-market rents, like they did with the signing of Suffolk University to a long-term lease and an above-market rate.