Gale International's signature role in Boston's downtown revival began in 1999 when John B. Hynes, III, an executive with extensive experience and success in the Greater Boston commercial real estate community, joined the company. In his first year with Gale International, Hynes was responsible for the assemblage, permitting, financing and leasing of One Lincoln Street, a 36-story, $350 million, 1.1 million square foot speculative office tower in Boston's Financial District.

 

One Lincoln Street broke ground in April 2000 and was the first speculative office building to be constructed in the nation since 1992. One year after groundbreaking, One Lincoln was leased to State Street Corporation in the largest lease transaction in Boston history.In 2004 One Lincoln Street was sold to American Financial Realty Trust for $705 million and a record price per square foot - the most valuable commercial real estate deal in the history of Boston.

 

South Boston Seaport:  In September 2006, together with Morgan Stanley Real Estate, Gale International acquired 23 acres of waterfront in South Boston for $203.75 million from News Corporation. As the largest undeveloped site adjacent to Boston's central business district, the property represents "probably the most exciting opportunity in Boston in a generation," according to Morgan Stanley executives. It is central to key transportation, including the Moakley Bridge, the South Boston Interchange, and the MBTA Silver Line. The two companies plan to build a dynamic mixed-use community.

 

Filene's Complex:   Gale International and Vornado Realty Trust are planning a $600 million redevelopment of the historic Filene's complex in downtown Boston, The Filene's redevelopment is part of a city plan to revitalize the Downtown Crossing area, which sits between the financial district and Boston Common. The developers envision a 38-story tower at the four building site that would include retail, luxury condominiums, a 250-room hotel and 600,000 square feet of offices. Construction will begin June, 2007.