State Street built 1 Lincoln center downtown Boston. Then sold it after tax credits were used. Then they rent it. Lease ends around 2022. So they have to down size
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Check the change in square footage. SFC (1,000,000 sq ft) + 100 Summer Street (200,00 sq ft) both expiring in 2022. New space at 1 Congress will only be 500,000 sq ft. Reduction of Boston space of 700,000 sq ft in 3 years. You do the math.