Thursday, February 16, 2006
RMV to move headquarters to Quincy
Boston Business Journal
The state's Registry of Motor Vehicles will be moving its headquarters from
Boston 's
Copley Place to
Quincy, the Patriot Ledger reported.
Registry officials told the newspaper that the agency will save millions on the move to
25 Newport Avenue
Extension in North Quincy, partly because it will be cutting its rent from $57 per square foot to $28 per square foot. The registry also is moving about 140 employees to a state building at
Park Place in
Boston, so it will be taking a 60,000-square-foot space in Quincy
- about half the size of its current location.
The registry currently pays about $6 million a year at
Copley Place, according to the newspaper. Its new rent will be about $1.7 million a year.
The registry will occupy about three-quarters of the four-story building in
Quincy, which was formerly used by Blue Cross/Blue Shield. It's owned by Taurus Investment Holdings in
Boston and Green Street Capital in
New York.
Parking at the new site will be free, in contrast to the $28 it costs to park at the
Copley Place site.
Copyright ©2006 American City Business Journals Inc. All rights reserved.
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