Aspen Insurance Takes Space in Financial District for US HQ

BOSTON-Aspen Specialty Insurance signed a lease for 15,050 sf on the 32nd floor at 99 High St. in the heart of the city’s financial district. The firm, a multi-national insurer specializing in secondary market insurance, will use the space for its US headquarters. Lease rates for this deal were not available, but the asking rent for this type of space is about $45 per sf.

Robert B. Cleary, Jr., SIOR, president/co-managing partner, Richard L. Peterson, vice president, and Thomas J. Robinson, all of the Codman Co. Inc./TCN represented Aspen in the transaction while property owner, WW High Street LLC, was represented by William P. Barrack of Spaulding & Slye Colliers.

The 731,204-sf, 32-story building underwent a substantial renovation eight years ago. It has about 140,000 sf of direct space available. Among its current office tenants are American International Group, KPMG Peat Marwick LLP, Hancock Natural Resource Group, Stoneman Chandler & Miller LLP, Middleton & Co., Aon Risk Services, HSBC Securities Inc., PNC Advisors, Murtha Cullina Roche, Carens & DeGiacomo, CC Growth Investments, Spear Leeds & Kellog and Merganser Capital Management. It features ground floor retail and 180 indoor parking spaces.