On Thursday, the private equity firm KKR announced that it is expanding its Boston presence with its first downtown office at Two International Place, marking a significant milestone for Boston’s office market.

According to a release, KKR signed a 15-year lease for 132,529 square feet. The global investment firm will relocate to the new office space to accommodate its growth in Boston.

Around 300 KKR employees are already based in the Boston area, primarily serving the firm’s insurance business.

“As we’ve outgrown our existing space, this strategic move downtown positions us to invest in local talent and expand our operating platform to support our U.S. and global operations,” Burke Malek, head of KKR’s Boston office, said in a statement.

He continued, “The combination of a top-tier of

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