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News release

BOSTON, MA

AREA Property Partners Appoints Jones Lang LaSalle Leasing Agent at One Cabot Road


BOSTON, June 17, 2012 — AREA Property Partners, a leading international real estate fund manager, has named Jones Lang LaSalle leasing agent at One Cabot Road in Medford, MA. The high profile 300,000-square-foot first class business campus is situated directly on Route 16 in Medford, MA.
 

The well-appointed, fully landscaped office complex includes: a two-story atrium lobby, an expansive outdoor terrace, cafeteria, fitness center, 1,046 interior and exterior parking spaces, ATM, state of the art security and life safety systems. Located less than 1-2-mile from Route 93 near the Wellington MBTA Station, One Cabot Road is 77% occupied by tenants The First Marblehead Corporation (NYSE: FMD), and The Cross Country Group. There are 70,284 square feet available.

According to Peter Bekarian, Executive Vice President of Jones Lang LaSalle: “One Cabot Road  provides tenants with great on-site amenities as well as excellent access to public transportation and primary roads. It’s a headquarters location offering a beautiful campus-like setting. The ownership will capitalize on the park’s tremendous upside potential.”
 
Jones Lang LaSalle’s leasing team consists of Peter, Vice President Daniel Kollar, and Vice President Tyler Spring. The property manager is Winthrop Management, LP.
 
About AREA Property Partners
AREA Property Partners, formerly known as Apollo Real Estate Advisors, is a leading international real estate investor and fund manager on behalf of prominent government and corporate pension funds, sovereign wealth funds, insurance companies, foundations, endowments, and high net worth individuals. Since the firm’s founding in 1993, AREA Property Partners has overseen the establishment of multiple real estate funds and joint ventures totaling $13 billion in equity commitments for investments in the United States, Europe and Asia. Its funds have collectively invested in over 570 transactions with an aggregated value in excess of $65 billion. Headquartered in New York, the firm has offices in Atlanta, Los Angeles, San Francisco, London, Paris, Luxembourg and Mumbai. AREA’s funds target a broad range of opportunistic, value-added and debt investments in real estate assets and portfolios throughout North America, Europe, and India. For more information, visit the firm’s website at www.areapropertypartners.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 $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.