General Electric nails down first lease in Fort Point Channel

General Electric Head_DiNa

You might soon bump into Jeff Immelt while waiting in line for a croissant at Flour Bakery.

General Electric has signed its first lease in Boston as part of relocating its corporate headquarters to the city’s waterfront Innovation District, at 33-41 Farnsworth Street, a half-block down from the popular bakery.

GE spokesman Seth Martin confirmed the lease and said that the Farnsworth Street real estate would be temporary digs — not GE’s permanent Boston headquarters — but wouldn’t disclose other details on how the space will be used or by whom.

bullhorn-jam-roomGE is taking over space being vacated by several tenants, including Bullhorn, a software-as-a-service company that is moving to 100 Summer Street. The office includes a “jam room” that Bullhorn execs built to play music together.

“We’ve had six years of amazing growth in this building, and a decade in the Innovation District,” says Bullhorn CEO Art Papas. “I really hope GE experiences the same sort of momentum. It will be great for Boston if they do.”

Several real estate sources tell me that GE may still be in the hunt for more temporary space, and that the company hasn’t yet made a decision about whether to rent, rehab, or build a permanent home in Boston. Real estate firm CBRE is repping GE.

Scott Kirsner writes the Innovation Economy column every Sunday in the Boston Globe, in which he tracks entrepreneurship, investment, and big company activities around New England.
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