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ivcoWest, in partnership with BDT & MSD Partners and a global institutional investor, has acquired One Lincoln Street, a 1.1 million square foot commercial property in Boston's Financial District. The new ownership group assumes operational responsibilities for the building, including management, leasing, construction, and asset oversight.

    "We're thrilled to join this iconic building as part of our portfolio," said Mike Falvey, Head of Boston Acquisitions at DivcoWest. "Our team is committed to transforming One Lincoln into an unparalleled workday experience that meets the evolving needs of today's tenants."

    The new ownership group is investing heavily in renovations set to be unveiled in Summer 2025. The upgrades will feature a rooftop deck with pickleball and basketball courts, a state-of-the-art fitness center, yoga studios, treatment rooms, and diverse culinary experiences on the ground floor.

    Future tenants can expect collaborative workspaces, event facilities, social areas, and convenient grab-and-go options. Newmark will remain the exclusive leasing agent, led by Executive Managing Directors Gilbert Dailey and David Martel.

    One Lincoln's prime location at the crossroads of I-93 and the Massachusetts Turnpike offers unmatched accessibility to Amtrak, MBTA subway and commuter rail lines, and Boston Logan International Airport. The acquisition signals continued momentum in Boston's commercial real estate market, with a focus on next-generation amenities and modern workplace expectations.