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News release

BOSTON, MA

Shorenstein Properties Appoints Jones Lang LaSalle Leasing Agent for Seaport Center in Boston


BOSTON, June 4, 2012 — The new owner of Seaport Center, Shorenstein Properties, announces that it has appointed Jones Lang LaSalle as the exclusive leasing agent for Seaport Center, a 465,000-square-foot first class office center in the South Boston Seaport District. Located at 70 Fargo Street, Seaport Center is 94% leased.

“We are very excited to partner with Jones Lang LaSalle on this project,” Senior Vice President of Shorenstein Properties Ronnie Ragoff said. “We believe strongly in the Seaport District, and feel that the distinctive and functional floor plates in this building provide an attractive option for a variety of tenants.”

Seaport Center is in the city’s growing Innovation District, directly across from the Westin Hotel and the Boston Convention Center one block from the waterfront with direct access to the Ted Williams Tunnel. The nine-story mid-rise has recently undergone a capital improvements program. The building saw upgrades to the landscaping, on-site parking areas, two-story atrium lobby, entrance and systems. Seaport Center features flexible and expansive 54,000-square-foot floor plates for users from 5,000 square feet, a modern main lobby, new elevators, heavy floor load capacity, enhanced public transportation via the MBTA’s Silver Line, and dedicated shuttle bus service to South Station. Tenants include: Herald Media, Monster.com, Verizon, Altran Solutions, Interaction Associates, JPMorgan Chase & Co. Inc., Boston Coach, Aberdeen Group, Tivoli Audio, RDK Engineers, Digital Realty Trust, Total Office Interiors, and Marine Systems Corp.

With views of the Boston Harbor, Seaport Center is a block from water shuttles, the Seaport Hotel, World Trade Center, the Institute of Contemporary Art, Bank of America Pavilion, Louie’s Boston, Fan Pier, and bus service to downtown. It is five minutes from Logan Airport, and South Station’s MBTA and commuter rail lines serving the south markets with AMTRAK connections to New York and Washington, DC. At rush hour a dedicated shuttle for tenants serves South Station every 20 minutes. For more information about Seaport Center visit www.seaportcenterboston.com.

“We’re excited to continue working on this well positioned asset in a dynamic sector of Boston,” stated Jones Lang LaSalle Managing Director Benjamin Heller.” As the Seaport and Innovation District has evolved, Seaport Center has established itself as an outstanding opportunity for traditional as well as emerging companies in the technology and life-science fields. With best in class infrastructure, Seaport Center continues to attract world-class companies.”

Currently there are 28,991 square feet of LEED Silver space available on floor 8. Joining Ben on the leasing and marketing is Managing Director Bill Barrack, Associate Benjamin Hux, Senior Vice President Steve Steinberg, and Assistant Vice President Tina Snyder.

About Shorenstein Properties LLC
San Francisco-based Shorenstein Properties LLC (www.shorenstein.com) is one of the oldest and most successful private real estate investment companies active throughout the United States in the acquisition, development, ownership and management of office and mixed-use properties. Since it’s beginning in 1924, the company has evolved from a regional real estate operating company to an active national investor and manager of commingled institutional capital. Shorenstein provides asset management, leasing, property management and construction services to the properties in its portfolio through its wholly owned property services affiliate, Shorenstein Realty Services.

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 $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.