MC Real Estate Partners (MCRE) and a private capital partner have acquired a 76,000-square-foot building in downtown Boston, located at 110 Chauncy Street.

This is MCRE’s third property in Boston.

MCRE has also completed a long-term lease agreement with global design firm Sasaki for the majority of the building’s office space. The two companies are planning to renovate the building’s interiors in the second quarter of 2021. Improvements include enhanced HVAC systems, the addition of bicycle storage and showers in the basement. MCRE also plans to lease up office space vacancies on the first and basement floors.

Sasaki has signed a 16-year lease and will be the primary occupant of the eight-story building, which will house more than 250 employees and the Sasaki Foundation in the top seven floors. Sasaki will lead the design and build-out of its new office interiors and private roof deck, in addition to working with MCRE to redesign other elements of the building, including the lobby, retail space and entrance.

“We believe in workplaces as fundamental to seeding collaboration and innovation — the lifeblood of a creative firm like Sasaki,” said Liz von Goeler, chair of external relations and workplace design principal at Sasaki. “We jumped at the chance to partner with MCRE on pioneering a sensitive, sustainable and flexible recasting of historic 110 Chauncy as a model for the future of workplace design in Boston and beyond.”