Murphy PC represented the landlord in negotiating a commercial lease with a fitness studio tenant for ground-floor retail space in a Fort Point building undergoing conversion from office to residential use.
The lease was structured with three overlapping regulatory regimes affecting the property. The firm advised on compliance with the City of Boston’s office-to-residential conversion program, the federal and state historic rehabilitation tax credit requirements governing permissible alterations to the certified historic structure, and Chapter 91 licensing obligations under the Commonwealth’s waterfront statute. The firm aligned the tenant’s build-out and use provisions with each regime and allocated compliance responsibilities among the parties through tailored lease covenants.
The matter reflects the firm’s focus on sophisticated commercial real estate, leasing, and adaptive reuse transactions in Greater Boston.
Murphy PC is a Boston-based law firm focusing on real estate and business transactions. The firm counsels developers, sponsors, owners, investors, lenders, tenants, nonprofits, and partnerships in joint ventures, project development, acquisitions and dispositions, financing, leasing, and construction across all property types.