CAMBRIDGE, MA – April 30, 2025 – DivcoWest, a DivCore Capital company and a vertically-integrated commercial real estate investment firm, in partnership with BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors, and a global institutional investor, today announced that they have acquired One Lincoln Street, a prominent 1.1 million square foot commercial building located in the Financial District of Boston. This acquisition by the three-firm ownership group marks a new chapter for One Lincoln, as extensive upgrades are set to unveil a suite of amenities and workspaces in Summer 2025.
“DivcoWest is thrilled to join BDT & MSD and a global institutional investor as the new ownership group of One Lincoln, a true icon in the Downtown Boston skyline,” stated Mike Falvey, Head of Boston Acquisitions at DivcoWest. “Our seasoned ownership team brings unparalleled experience and robust financial backing, positioning us to not only continue the reimagination of the workplace but also elevate this building to its rightful stature, maximizing occupancy and enhancing long-term value.”
Falvey further underscored the group’s commitment to One Lincoln’s future which, he said, includes significant ongoing investment in the property, ensuring it meets evolving market demands and thrives in Boston’s competitive real estate landscape.
Once complete, the ownership group believes the current renovation project will redefine the tenant experience, incorporating cutting-edge hospitality-driven amenities to both office and shared spaces. Future tenants will have access to wellness-focused features including a rooftop deck equipped with pickleball and basketball courts centered within a walking path, a state-of-the-art fitness complex, and dedicated yoga studios and treatment rooms. A vibrant ground floor experience will include diverse culinary offerings and convenient grab-and-go options, creating a vibrant atmosphere throughout the workday into the evening.
One Lincoln will also offer an array of flexible workspaces designed to foster collaboration and innovation. Tenants will have access to event spaces, banquet facilities, and social areas that encourage connection and creativity.
DivcoWest has officially assumed all operational responsibilities for the partnership, including property management, leasing, construction & asset management, succeeding Synergy, which was retained two years ago and has played a key role in the building’s repositioning.
“We thank Synergy for their leadership, vision, and commitment to quality at One Lincoln,” said Mark Roopenian, Managing Director at DivcoWest. “Our team is excited to transform One Lincoln into an unmatched workday experience that we believe will exceed the expectations of today’s discerning tenants.”
Additionally, Newmark will continue its partnership with ownership, playing a key role in the leasing strategy to attract top-tier tenants to One Lincoln. Newmark Executive Managing Directors Gilbert Dailey and David Martel will be the exclusive leasing agents for the property under DivcoWest.
Strategically located at the intersection of I-93 and the Massachusetts Turnpike, One Lincoln offers exceptional accessibility, just a short walk from the South Station transportation hub where Amtrak, the MBTA subway and commuter rail, and the bus terminal connect, as well as being within five miles of Boston Logan International Airport.
To discover more about leasing opportunities and to stay updated on the transformation at One Lincoln, please visit www.onelincolnboston.com.