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News release

BOSTON, MA

Jamestown Selects JLL to Lead Next Phase of Leasing at the Innovation and Design Building


BOSTON, June 11, 2015 – JLL (www.jll.com/boston) announced today that it has been selected by Jamestown as the exclusive leasing agent for the Innovation and Design Building (IDB), a 1.4 million SF, mixed-use complex within Boston’s Innovation District. JLL will work closely with Jamestown to market its ambitious redevelopment plan for the complex which includes over $100 million in upgrades to the City-owned facility. The IDB is located at 21-25 Drydock Avenue & 1 Design Center Place in the Marine Industrial Park in South Boston and has a diverse tenant roster that includes MassChallenge, Elkus Manfredi Architects, Design Communications Ltd., BOC International, Oasys Water, FastCAP Systems, Boston Beer, a “Makers’ Guild” floor, and over 70 Boston Design Center home furnishings showrooms. In addition, the center will soon be home to Autodesk’s East Coast flagship which will feature its cutting-edge Building Innovation Laboratory and Design Space.

“As we work to foster a 24-hour urban innovation and manufacturing center in Boston, we are excited to partner with JLL,” says Michael Phillips. “We look forward to working with JLL to build a community of traditional manufacturing and innovation economy tenants working side by side in the IDB. New tenants will join the existing mix of manufacturing, technology, research, design, and communications companies that already call this building home.”

Jamestown is a leading real estate investment and management firm who continues to grow its sponsorship in the Boston market. Enhancements to the IDB will showcase Jamestown’s expertise in adaptive reuse and creating innovative, amenity-rich projects such as Chelsea Market in New York City and Ponce City Market in Atlanta, as well as its thoughtful approach to the revitalization of industrial properties, as evidenced by its redevelopment of the 6 million square foot Industry City campus in Brooklyn, New York. In addition to the IDB, Jamestown’s Boston portfolio also includes the Davenport Building and 245 First Street in Cambridge,  and the Newbury Collection portfolio in Boston. “We are thrilled to have been selected to represent Jamestown on this assignment,” says William Barrack, managing director of JLL’s Boston leasing team. “Jamestown’s vision for the property is bold and exciting and speaks to what tenants’ needs to leverage their space for recruiting and retaining top talent. Jamestown is successfully creating hubs for innovative companies and  makers in New York, Atlanta and elsewhere, and we look forward to helping the firm make the IDB a center of the creative, urban manufacturing, and entrepreneurial communities in Boston.”

The IDB features expansive floor plates, high ceilings, and floor-to-ceiling windows that flood the building with natural light. Tenants can take advantage of the IDB’s interconnected nature by spanning across multiple building addresses, accessing multiple entrances and elevator banks and creating spaces upwards of 100,000 square feet on one floor. Innovation workers find it easy to get to the IDB due to the wealth of transportation options including direct MBTA Silver Line access; dedicated shuttles to both North and South Stations; easy highway access to Routes 90 and 93; Hubway bike share stations; and accommodations for bikers including extensive storage. Tenants also relish the on-site amenities, such as the food trucks and the soon-to-open shipping container kiosks along IDB’s outdoor promenade. Frequent programming such as the IDB “Ideas” series fosters an exchange of ideas and provides a platform for new business relationships. Overlooking the harbor and the Boston skyline, the IDB’s open footprint and impressive size allow tenants to design collaborative spaces in which their businesses can thrive and grow in place.

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 $55.3 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.

About Jamestown
Jamestown was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 32 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $8.2 billion of assets under management. Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management. Jamestown employs more than 230 professionals in the United States, with offices in Atlanta, GA, Boston, MA, New York, NY, Washington, DC, and San Francisco, CA. For more information, visit www.jamestownlp.com.