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News release

BOSTON, MA

Vestmark Leases 44,219 SF at 100 Quannapowitt

JLL and Newmark Grubb Knight Frank negotiate the renewal and expansion


BOSTON, 9 March, 2015 – JLL announces that Vestmark, a leading provider of wealth management technology and managed account solutions, has signed a lease renewal and expansion totalling 44,219 square feet of first class office space which includes an expansion of 10,353 square feet in 100 Quannapowitt Parkway in Wakefield, MA. The first and second floor space serves as the company’s US headquarters.

JLL Managing Director Tamie Thompson and Senior Vice President Peter Richardson negotiated the lease representing the property’s former owner Digital Realty. Newmark Grubb Knight Frank Senior Managing Director Christopher Curley represented the tenant. The 168,000-square-foot first class office building was recently sold by Digital Realty to RJ Kelly. JLL represented Digital Realty in the transaction.

“As Vestmark continues to see tremendous market demand for our technology and services, we are pleased to maintain our corporate headquarters here. This is an environment that has served us extremely well. The location, layout, surrounding resources and facilities have clearly been a great benefit to our employees, and will benefit Vestmark as we grow,” said Vestmark CFO Christine Bodoin.

Site of the former American Mutual Insurance Company, 100 & 200 Quannapowitt Parkway is a 387,000 square foot first class office and technology center directly on Route 128 overlooking Lake Quannapowitt. It combines modern, efficient flex space with maximum corporate exposure and direct access to Route 128. The two buildings offer spectacular views of the lake, mature woodlands, jogging trails, a cafeteria operated by Nexdine, fitness center, men’s and women’s locker rooms and showers for employees. There is structured and surface parking on-site for 672 vehicles with a high ratio of 4 spaces per 1,000 square feet. The park is located within minutes of Route 93. Both the North Avenue and Route 129 entrances to the park have direct access to Route 128.

Building 100, built in 1999, is a four-story 168,000 square foot  first class office building in a richly landscaped setting featuring a modern glass and precast Efis façade, quality finishes, and an atrium lobby with seating area. Building 200 was initially built as a landmark building with high corporate standards for American Mutual. It was repositioned and leased to Comverse when Building 100 was constructed. Today Building 200 is a high performance 2-story 219,000 square foot facility being completely updated and repositioned as a state of the art data center and office building which houses the US headquarters for Comverse Technology, Inc.

According to Tamie Thompson: “Strength of ownership, and the quality construction, architecture, location, views and amenities of 100 Quannapowitt Parkway make Building 100 the perfect headquarters location. Working with Vestmark has always been a pleasure. We are thrilled to retain them.” 

About Vestmark                                
Vestmark is a leading wealth management technology provider headquartered north of Boston in Wakefield, MA. Since 2001, Vestmark has provided VestmarkONE, a comprehensive, real-time technology platform that enables broker dealers, investment managers, RIAs, bank trusts, and other financial firms to deliver holistic wealth management and a full range of advisory solutions.  VestmarkONE supports a range of advisory solutions, including institutional and private client Separately Managed Accounts (SMA), Advisor-as-Manager, Unified Managed Accounts (UMA), and Unified Managed Households (UMH), in a number of different business model configurations.

About JLL
JLL (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 fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.