Word: leasee
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“What we’ve seen time and time again is [banks] lease [buildings] to large national companies, and [the companies] don’t make money,” he said. “People know what they want when they come to Harvard Square, and...
Over the last month, the Fly entertained offers to sell the space to the Bee, the Chabad House at Harvard, and the Hasty Pudding Club, and hired Boston real estate management firm Colliers Meredith & Grew to help consider the bids. But in the end, the Fly decided to lease the...
Powers, who is also a former Crimson sports editor, characterized the lease as one that is mutually beneficial for both clubs.
“We realized we could get what we needed without having to sell, and the Bee could get what it needed with a long-term lease,” he said.
The Fly Club began considering offers to sell the building after the Bee served a notice of termination on their lease to the Fly, effective June 1.