DivcoWest Unveils $100M of Upgrades at Downtown Boston’s One Lincoln

Seven months after acquiring One Lincoln out of foreclosure, DivcoWest has unveiled $100 million of upgrades to the 1.1-million-square-foot downtown Boston office tower. They range from a fitness and wellness center to a tenants-only whiskey bar and lounge.

“Everywhere you look, no corners have been cut,” Mark Roopenian, a managing director for leasing and marketing at DivcoWest, told the Boston Business Journal. The amenities are part of a bid to attract tenants and fill as much as 730,000 square feet of vacant space, according to published reports.

DivcoWest, which owns other Boston-area office properties, joins other prominent downtown landlords such as Tishman Speyer and Oxford Properties in upgrading their office towers to compete with newly delivered product. The San Francisco-based owner/operator paid $400 million for One Lincoln this past spring, just three years after the circa-2003 property was refinanced at a $1.1-billion valuation.

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Inside The Story

DivcoWest's Roopenian

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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