The Chiofaro Company, together with partner PGIM Real Estate, has secured a new long-term lease with TD Bank U.S. at Two International Place in Boston. The bank has committed to a multi-floor, 10-year agreement totaling 38,000 square feet, according to reporting referenced from the Boston Business Journal. The lease coincides with the completion of a $100 million renovation program at the two-building International Place office complex.
Under the new lease, TD Bank will consolidate its Boston and suburban corporate offices into International Place, creating a single location for its regional corporate operations. The move will roughly double the bank’s existing footprint within the property, signaling a deeper operational commitment to the complex and to the city. By centralizing teams in one location, TD is restructuring its local office strategy around a unified hub rather than a dispersed network of workplaces.
TD executives framed the consolidation as a way to enhance collaboration and connectivity across the bank’s regional staff. Sheryl McQuade, regional president for Metro New England at TD, said the relocation is focused on creating a more connected experience for teams and supporting closer working relationships. She noted that bringing colleagues together at International Place is intended to strengthen collaboration while continuing to support Boston as a base for both the bank’s people and its business.
Ownership handled leasing negotiations internally, with representation provided in-house by Donald Chiofaro Jr., Ryan Barrett and Katherine Shields. Their role in the transaction underscores that the landlord did not rely on an outside brokerage firm for this deal, instead using internal resources to complete the transaction. Details on lease economics, including rental rate and tenant improvement allowances, were not disclosed in the source material.
The lease highlights International Place’s position as a regional hub for corporate users as it emerges from a significant capital improvement program. While the article does not specify the scope of the renovation work beyond the headline cost, the timing suggests the upgraded complex is playing a role in attracting or retaining major office tenants. As TD Bank moves to consolidate and expand its presence there, International Place strengthens its role as a central workplace for a major financial institution in Boston.
