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News release

Boston, MA

Perkins Eastman, Beacon Hill Staffing, Seed Global Health, and Wegowise Lease Total of 32,000 SF at 20 Ashburton Place

Owner Faros Properties and leasing agent JLL execute transactions bringing building to 90% leased


BOSTON, MA, June 27, 2016 – JLL along with Faros Properties announce that Perkins Eastman, Beacon Hill Staffing, Seed Global Health, and Wegowise have signed long-term leases totalling just under 32,000 square feet at 20 Ashburton Place in Downtown Boston, MA. Perkins Eastman leased 13,300 square feet, Beacon Hill Staffing leased 8,103 square feet, Seed Global Health leased 6,200 square feet, and Wegowise secured 4,200 square feet. With the addition of these new tenants, the building is now 90% leased.

“We are thrilled to welcome these four companies to 20 Ashburton,” said Alexander Leventhal, Managing Partner of Faros Properties. “The property is highly competitive in the Boston market and we have effectively positioned 20 Asburton as an ideal home for major corporations.”

20 Ashburton Place is a 55,388-square-foot distinct mid-rise in Boston’s Beacon Hill neighborhood. The boutique office building recently underwent a major transformation including a new main lobby with an enhanced canopy entrance and a modernization of all common areas and bathrooms. The renovations reflect luxurious comfort showcasing tailored finishes that highlight existing classic architectural elements while adding a modern aesthetic. 20 Ashburton offers highly efficient floor plates, generous ceiling heights, and an abundance of natural light.

 

20 Ashburton Place - Boston

JLL Managing Directors Ben Heller and Tom O’Regan and Senior Vice President Kelly Lockberg represented the building’s owner Faros Properties in the lease transactions. Heller and Associate Bobby Jangro also negotiated on behalf of Perkins Eastman, an international planning, design, and consulting firm.

According to Heller: “With recent renovations to the lobby and common areas, 20 Ashburton Place has truly been transformed. Surrounded by some of the area’s major institutions and across from the State House, the property is uniquely positioned in one of Boston’s most historic yet rapidly changing neighborhoods, and offers unparalleled access to all major MBTA lines.”

20 Ashburton Place, which is also home to the building’s owner, Faros Properties, currently has 5,300 square feet available on the building’s first floor. Perfect for retail use, or even for an office tenant, the space offers high-profile visibility with opportunity for signage and branding, as well as its own off-street entrance. The property also has 5,000 square feet of space available below grade with elevator access. 

About Faros Properties LLC

Faros Properties is a real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.

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 280 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 $58.3 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.