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News release

BOSTON, MA

Hackman Capital Partners Appoints JLL as Exclusive Leasing Agent for Riverview Business Park

130-acre Billerica campus boasts exceptional access, flexible floor plates, and recent capital improvements


BOSTON, MA – April 4, 2016 – Hackman Capital Partners, LLC and Calare Properties, Inc. have appointed JLL as the exclusive leasing agent for Riverview Business Park, a 130-acre business campus located at 495/515 Woburn Street in Billerica, MA.

Conveniently situated less than one mile off I-495, minutes from Route 3, and just 30 minutes north of Boston and Cambridge, Riverview Business Park provides direct access to key New England markets and a highly educated workforce at a more cost-effective rate than other nearby urban facilities. Its strategic location in Billerica, a Massachusetts Economic Target Area, also offers tenants the potential for significant economic incentives.

Formerly home to Raytheon, the Park recently underwent a multi-million-dollar transformation focused on the site’s largest facility, a 563,322-square-foot building at 495 Woburn Street. Phase I of the transformation included: a contemporary front entrance lobby featuring an exposed steel roof; floor to ceiling glass and river rock details and seating area; dynamic, ultra modern facade with a cantilevered backlit glass curtain wall, canopy, and frosted glass; lush landscape improvements with an outdoor courtyard; a new parking lot adjacent to the front entrance, and more. Future plans include a fitness center, cafeteria, and interior courtyard.

“We are eager to work with JLL to promote our world-class business campus,” said Michael Hackman, Founder and CEO of Hackman Capital Partners. “Their proven experience and expertise in this market, combined with their national and global reach and industry-leading research and marketing teams will allow us to showcase the recently completed and future improvements at Riverview Business Park. We look forward to this next phase of the Park’s growth.”

According to JLL Managing Director Chris Lawrence: “We are excited to partner with Hackman Capital Partners to market one of the North suburban market’s premier business parks. Uniquely positioned just minutes from the Boston metropolitan area’s second largest city, the property offers a wealth of nearby amenities desired by today’s tenants. Combined with its exceptional access, flexible floor plates, and recent enhancements, Riverview Business Park presents an excellent opportunity for R&D, manufacturing and corporate office users looking for quality, large-scale space in this market. We’re looking forward to the next phase of the park’s growth.”

Lawrence, along with JLL Senior Vice President Brian Tisbert, will lead the leasing team on the Park, which is part of a more than 10 million-square-foot portfolio owned by a joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust. The majority of that portfolio is in New England.

About Hackman Capital Partners, LLC
Founded in 1986 and headquartered in Los Angeles, Hackman Capital Partners is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm currently owns, through its affiliated entities, more than 200 properties throughout the United States, totaling approximately 25 million square feet and representing more than $1 billion in assets. With more than 30 years of experience in acquisition, redevelopment and asset management, Hackman Capital Partners is known across marketplaces for its ability to successfully navigate complex transactions and financial restructurings involving real estate and equipment. For more information, visit hackmancapital.com.

About Calare Properties
Calare Properties is a private real estate manager and operator focused on acquiring warehouse, manufacturing, research and flex/office commercial real estate for the economic benefit of our investors and strategic partners. Since the firm’s inception in 2003, Calare has led the acquisition of over 15 million square feet of properties representing $650 million in transactions through funds, direct deals and a multi-asset portfolio. Further information is available at www.calare.com.

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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.