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News release

BOSTON, MA

Beal Cos. and Boston Andes Appoint Jones Lang LaSalle at Presidents Place


BOSTON, May 22, 2013 — The Beal Companies LLP and Boston Andes Capital, LLC have named Jones Lang LaSalle leasing agent at Presidents Place in Quincy, MA. The 349,085-square-foot mixed-use office, institutional/educational, and retail center is in the heart of downtown Quincy directly across from the Quincy MBTA Station facing the future Adams Green. The eight-story complex at 1250 Hancock Street is undergoing a renovation of the lobby, entries, modernization of elevators, and restoration of the attached parking garage.

The property features a distinctive galleria with food court, a three level glass atrium, a variety of services, retail shops and eateries. Tenants include: Harvard Vanguard, Quincy College, National Park Services, Wessling Architects, IHS Dialysis, Dubin Chiropractic, and others. The garage has 1,100 spaces. There are currently 40,000 square feet available on multiple floors.

According to Tom Kent, Executive Vice President of Jones Lang LaSalle: “Jones Lang LaSalle is excited to be partnering with the visionary team of Beal Companies and Boston Andes on this high profile asset. The sponsorship’s long experience in developing and managing large scale properties throughout Greater Boston, positions Presidents Place for a bright and successful future in a revitalized 24-hour city.”

Joining Tom on the Jones Lang LaSalle office and retail leasing and marketing team is Vice President Sean Lynch, Assistant Vice President Marc McLean, and Senior Vice President Stephen Steinberg. The architect for the renovations is Wessling Architects.

About The Beal Companies                                      
The Beal Companies is a closely held firm actively pursuing investment opportunities in all segments of the real estate industry. Since 1888 the Beal family has built a full service Real Estate firm with an enviable reputation. The Beal Companies' projects and advisory services have been focused not only in the greater Boston area but also throughout the United States.

About Boston Andes Capital, LLC
Boston Andes Capital is a real estate investment, management, consulting, and development firm focused on certain Latin American countries (including Argentina, Chile and Colombia) and the New England area of the United States.  The firm is dedicated to finding attractive equity opportunities in these regions for real estate investment projects. BAC has offices in Boston, Massachusetts; Buenos Aires, Argentina; and Bogota, Colombia.

Since 2003 Boston Andes has developed and acquired real estate projects in Argentina and Colombia with equity capital sourced from the USA and has completed advisory work Latin America. Since 2011, Boston Andes has participated in several acquisition and development projects in the Boston area with equity capital from individual investment groups in various countries of Latin America. Boston Andes was pleased to join forces with the Beal Companies to acquire Presidents Place in Quincy in December of 2012.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.