Symetra Life Insurance

Client Situation

Symetra Life Insurance Co., subsidiary of Symetra Financial, providing life insurance through a national network of benefit consultants, required a new headquarter office space that supported their expected growth in the coming years. Ultimately, Symetra Life Insurance Co. was looking for a larger space with a more functional floor plan to accommodate additional headcount and provide sustainable amenities, which aligned with the values of the company and employees alike.

Consideration Analysis

To address Symetra’s top priorities, Savills Studley identified a building that would support Symetra’s heavy staffing density. In addition, Savills Studley acquired a building that was not a significant capital expenditure in this critical growth stage for Symetra.

Result

Through Savills Studley’s assessment of the market and expert counsel, Symetra Life Insurance Co. relocated to the first two floors of Waltham Place, 275 Second Ave. – a four-story office building in a highly visible, prime suburban location, comprised of 105,000 square feet of space. This newly redeveloped Class-A building features great accessibility and excellent amenities, including an adjacent five-story covered parking structure, a fitness center, café, and HVAC system to support Symetra’s growing business along the East Coast. This new location is perfectly aligned with both the needs of Symetra’s existing client base and their strategic initiatives, recruitment, and growth. To facilitate the opening of this new 41,000 square foot office, Symetra has taken two short-term sublet spaces to provide some initial room for its early hiring efforts ahead of the opening in Q4 2015.

Summary Information

  • Property: 275 Second Ave. , Boston, MA
  • Transaction Size: 41,000 s/f
  • Transaction Type: Lease Relocation
  • Service Line: Office

Meet the Team

Stewart, Mark

Stewart, Mark

Senior Vice President, Branch Manager
617.925.6311

Woodworth, Steve

Woodworth, Steve

Managing Director
617.925.6310