Downtown deals raise hope in leasing market. (Boston, Massachusetts)

Much like the Massachusetts Legislature, the legacy of 1992 continued into 1993 for the Boston commercial leasing market last week, as two major downtown deals in the works for much of last year finally came to completion.

Following the anticipated announcement by Telesector Resources Group (TRG) that it would rent more than 300,000 square feet at 125 High St., Recoll Management Corp. confirmed it has signed a 3.5-year lease at 245 Summer Street. The deal for Fleet Bank's "bad bank" is for 190,000 square feet on three floors, which will house about 800 employees.

Though he would not disclose the rent levels, Recoll president and CEO Thomas Lucey said 245 Summer St.--commonly referred to as the Stone & Webster building--was selected from about 10 other possibilities due to a combination of its central location and …