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News release

BOSTON, MA

Sentient Jet Leases 20,783 Square Feet at Braintree Executive Park

Owners Grossman Cos. and Dinosaur Capital, Leasing Agent Jones Lang LaSalle Execute Transaction


BOSTON, March 16, 2012 — The Grossman Companies, Inc. and Dinosaur Capital Partners, with leasing agent Jones Lang LaSalle, announce that Sentient Jet has signed a long-term lease for 20,783 square feet of first class office space at recently renovated Braintree Executive Park (BEP) in Braintree, MA. Sentient will occupy the entire fourth floor of 100 Grossman Drive to serve as its world headquarters. Tom Kent and Sean Lynch of Jones Lang LaSalle negotiated the transaction.

“The location of the building, easy access to public transportation, superb building renovations, building efficiencies and strong ownership are specific reasons why we chose 100 Grossman Drive as our new home. The Grossman Companies and Dinosaur Capital were excellent to work with during this transaction, and our entire company is very excited for this summertime move,” said Sentient CEO Marty Guinoo.

According to David Grossman, Principal at The Grossman Companies, Inc.: “We recently completed the capital improvements at 100 Grossman Drive and are excited to welcome Sentient Jet to the Park. The renovations, combined with our location within walking distance of the Braintree MBTA stop, offer an exceptional value, and we are looking forward to having more tenants like Sentient Jet move to BEP. We are now commencing the renovations at 150 Grossman Drive and expect to be completed by mid-summer.”

Scott Oran, Managing Director of Dinosaur Capital Partners LLC, added: “Sentient’s move affirms Braintree Executive Park’s dominance as the first choice for economically savvy South Shore businesses. Its location, amenities, and easy access to Route 3 and the T, combined with cost competitiveness and efficiency, make it hard to beat.”

The $1.0 million improvement plan at the well-appointed two building 125,641-square-foot first class office complex features: a completely renovated lobby with all new fixtures and finishes, common area and exterior upgrades, refreshed elevator interiors, park signage and landscaping, energy efficient lighting, remodeled bathrooms, and contemporary artwork. Braintree Executive Park has approximately 27,000 square feet of available office space.

Originally built in 1987 by The Grossman Companies, Inc., 100 and 200 Grossman Drive have distinctive glass atriums, first class amenities, and covered garage parking. The park is located at the Union Street exit off of Route 3, adjacent to the Braintree MBTA Station. Other tenants in the Park include: Bank of America, Rockland Trust, the American Red Cross, Safety Insurance, Tremont Credit Union, Systems and Methods, and Harvard Vanguard. The Grossman Companies, Inc. also provides on-site property management.

Sentient is moving from 97 Libbey Parkway in Weymouth, MA. Occupancy is scheduled for July 1, 2012.

About Sentient Jet
Founded in 1999, Sentient Jet is one of the leading private aviation companies in the country.  Sentient’s Jet Card and 25-Hour Jet Card offer industry-leading value for private jet travel and protection from the risk of depreciating assets associated with fractional jet ownership.  Sentient has established a strong reputation for outstanding service and a commitment to leading safety programs, guided by the industry’s first and only Independent Safety Advisory Board.  Sentient’s extensive network of certified operators ensures that clients will always have access to executive aircraft that meet Sentient’s rigorous standards for safety and quality.  For on-demand, individual itineraries, the company also offers the Sentient Jet Charter program as well as the online private jet charter marketplace, www.privatejets.com.
 
About The Grossman Companies, Inc.
Formed in 1980 and with New England roots dating back over 100 years, The Grossman Companies, Inc. is a full-service commercial real estate investment, management, and development firm that owns and manages an approximate two million square foot portfolio that is diversified by product type but geographically concentrated in New England.  For more information about The Grossman Companies, Inc., please visit www.grossmanco.com.
 
About Dinosaur Capital Partners
Dinosaur Capital Partners LLC is a Boston-based real estate firm that invests, advises, and develops the old-fashioned way. Dinosaur believes real estate, like the oft-maligned dinosaur, is frequently misunderstood.  For more information about Dinosaur, please visit www.dinosaurcap.com.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.