Carr Properties Announces Five New Leases at 200 State

A combined 41,617 square feet of new and expanded leases further exemplifies the demand for premium office space in Boston’s Financial District

Carr Properties (“Carr”), a leading owner, operator, and developer of premium office and residential properties, today announced a series of new leases totaling 41,617 square feet at 200 State, the firm’s Class A LEED Gold-certified office tower in Boston’s Financial District. The transactions include LPL Financial, Shepley Bulfinch, Cozen O’Connor, Invisors, LLC, and Catholic Investment Services — five organizations representing both new and expanding relationships with Carr. The new commitments, which span legal, design, investment management, financial services, and consulting sectors, bring the Class A office building to 92% leased.

“200 State continues to attract exceptional organizations that are shaping Boston’s business community,” said Ryan Lopez, Senior Director, Leasing at Carr Properties. “From panoramic harbor views to Carr’s investment in top-tier amenities like our newly completed conference center, 200 State reflects our commitment to creating workplace environments that inspire innovation, collaboration, and long-term customer success.”

LPL Financial, the largest independent broker-dealer in the U.S., has committed to 16,075 square foot, long-term lease on the 11th floor. Serving more than 32,000 advisors, LPL Financial is a major financial services firm that supports a network of investors and wealth managers nationwide. The firm’s long-term lease at 200 State underscores its continued growth and reinforces the office’s appeal among established financial organizations seeking a premier location in downtown Boston.

Shepley Bulfinch, a nationally recognized architecture, planning, and interior design firm, has signed a lease for 11,553 square feet on the 8th floor. The firm, which has been designing transformative spaces across sectors, including healthcare, higher education, and civic institutions for over 150 years, will relocate its Boston office to 200 State. The move reflects Shepley Bulfinch’s commitment to providing its employees and clients with a collaborative, design-forward environment that aligns with its practice philosophy.

“We’re excited for the opportunities presented by the new space at 200 State Street,” says Angela Watson, FAIA, President and CEO at Shepley Bulfinch. “It’s a good opportunity to define the design studio of the future in support of our unique, hybrid-forward work culture and our commitment to the well-being of all Bulfinches, while engaging with the Boston community.”

National law firm Cozen O’Connor has expanded its footprint by an additional 6,332 square feet on the 11th floor at 200 State. Ranked among the top 100 law firms in the country, Cozen O’Connor is experiencing strong growth in Boston and will use the expanded space to support its attorneys across a range of practice areas, from litigation to corporate law. The firm’s expansion reflects the continued appeal of 200 State for professional services firms looking for highly efficient space in a prime location.

Invisors, LLC, a specialized Workday consulting firm, has committed to 5,105 square feet on the 4th floor. Founded in 2016, Invisors helps clients maximize their Workday investments through implementation, optimization, and analytics services. The firm’s Boston office reinforces its position as a trusted partner for enterprises navigating digital transformation and HR technology innovation.

Catholic Investment Services, a nonprofit investment firm dedicated to managing Catholic institutions’ long-term investment portfolios, signed a lease for 2,552 square feet on the 13th floor. The Boston-based firm, known for its value-driven approach to investing, will continue to provide endowments and foundations with mission-aligned portfolio solutions in a space that reflects its growth and ongoing commitment to serving faith-based institutions.

Carr’s investment in customer-focused amenities is also a major driver of leasing activity at 200 State, most notably the debut of a brand-new 4,837 square feet 6th floor conference center designed by Visnick & Caulfield Associates. The hospitality-inspired facility blends elegance with functionality, offering customers a 107-seat auditorium, a 20-person boardroom, and a café lounge framed by an illuminated stone feature wall and rich wood finishes. Multiple seating typologies and acoustically treated interiors create flexibility for everything from town halls to board meetings, while a sophisticated material palette of natural oak, veined stone, and bronze accents evokes the warmth of a high-end hospitality environment.

200 State is a 304,000-square-foot Class-A office building in the heart of Boston’s Financial District. The building features panoramic waterfront views and upgraded comprehensive renovation features, including a full lobby, a state-of-the-art fitness center with locker and shower facilities, and a retail kiosk offering food and beverage service from For Five Coffee Roasters. Centrally located near Faneuil Hall Marketplace and the Rose Kennedy Greenway, other notable customers include Morgan, Brown & Joy LLP, and Carelon Behavioral Health.

Tim Bianchi, Deb Gould, and Bill Anderson of Newmark represented the landlord in all five transactions. Whilst Tim Bianchi of Newmark represented the tenant in the transaction of Shepley Bulfinch, Matt Davis of Colliers represented Cozen O’Connor, Peter Evans of Hunneman represented Invisors, LLC, Charlie Jennings and Christian Vallis of CBRE represented Catholic Investment Services, and Patrick Cavanaugh and Suzanne Brown of CBRE represented LPL Financial.