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News release

BOSTON, MA

VFA, AKF Group, and TALK School of Languages Lease Total of 51,000 SF at 99 Bedford Street Boston

Jones Lang LaSalle Executes Transactions


BOSTON, November 20, 2013 — VFA, Inc., AKF Group, and TALK School of Languages have signed leases totalling 51,000 square feet of first class office space at 99 Bedford Street at 99 Bedford Street in downtown Boston. VFA will occupy 27,000 square feet on the lower level and floors 3 and 4 as their new headquarters. AKF has leased 15,000 square feet on the second floor. TALK School of Languages/TALK Boston secured a 9,000 square foot suite on the first floor of the building. Jones Lang LaSalle is the exclusive leasing agent representing owner 99 Bedford Corporation. The building is currently 97% leased.

VFA, the leading provider of end-to-end solutions for facilities capital planning and asset management, will relocate from 266 Summer Street Boston. Consulting engineering firm AKF doubles its office space moving from Boston’s 41 Farnsworth Street. This will be a new location for TALK Boston.

Jones Lang LaSalle Executive Vice President Ted Wheatley, Senior Vice President Brad McGill, and Assistant Vice President Dan Cavanaugh negotiated these transactions representing the landlord. McCall & Almy Executive Vice President and Principal Neil Schneider, and Vice President Garrett Larivee negotiated on behalf of VFA.  Principal Richard Lowe and Vice President Brandon Leitner of Cresa Boston represented AKF, and TALK Boston was represented by Cresa Principal Matt Harvey and Associate Elizabeth Geary. JLL is also the property manager for 99 Bedford Street.

Also known as The Bedford Building, 99 Bedford is a five-story 83,741-square-foot Victorian-era office building. Constructed in 1875, it was designed in the Venetian Gothic style by Charles Cummings and William Sears. It was added to the National Historic Register in 1979. Features include high ceilings, exposed brick and beam, modern finishes throughout, and parking next door.

“VFA was fortunate to find a new location for our corporate headquarters with such unique space character, along with having the ability to create collaborative work spaces. We are pleased to have a great team comprised of McCall and Almy and Visnick Caulfield Associates,” said VFA Chief Financial Officer Jeff Summers.

According to JLL’s McGill: “We’re pleased to announce these three transactions. The building’s location in the heart of downtown two blocks from the MBTA and commuter rail were pivotal factors in the moves. 99 Bedford Corporation has done a great job creating a classic, multi-tenant building with a creative work environment amidst every downtown amenity.”

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 $46.7 billion of real estate assets under management. For further information, visit www.jll.com.