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News release

BOSTON, MA

MassDevelopment taps JLL to market land for sale in Devens, MA

Former military base growing into popular place to live, work, and play


BOSTON, MA, SEPTEMBER 6, 2016MassDevelopment, the state's finance and development authority, has hired JLL's Public Institutions team to market several parcels of land for sale in Devens, MA. Conveniently located close to Route 2, Interstate 495, and the MBTA commuter rail, Devens is just 40 miles west of Boston and 30 miles from Worcester. 

Devens has 14 parcels for custom development opportunities designed to meet the needs of companies of all types and sizes, from two acres for a 10,000-square-foot laboratory to 80 acres for a 1,200,000-square-foot state-of-the-art research and development campus. The parcels are ideally suited for bio-pharmaceutical, bio-technology, laboratory, and research and development, and both back office or a corporate headquarters.  

"We're pleased to work with JLL to market these parcels in Devens," said MassDevelopment President and CEO Marty Jones. "With nearly 5,000 employees and a contribution of $2.5 billion to the Massachusetts economy, the Devens business community serves as a major driver for the region and the Commonwealth." 

Located in central Massachusetts, Devens is a 4,400-acre mixed-use community and an award-winning model for military base reuse. After serving as the U.S. Army's New England headquarters for 79 years, Fort Devens was closed in 1996. MassDevelopment purchased the property and, with financial support from the Commonwealth, is redeveloping Devens into a sustainable and diverse mixed-use community.  

"MassDevelopment has created an incredible asset for the state of Massachusetts and the businesses, employees and residents of Devens," said John Karnath, Public Institutions Manager at JLL. "The utility infrastructure and amenities are unmatched throughout New England in quantity, quality and diversity. The utility costs year-after-year are among the lowest in Massachusetts. Whether a company is building its first laboratory, research and development facility, or office, or expanding its global brand, Devens is a great location to consider."  

Today, Devens features more than 100 businesses and organizations that collectively employ nearly 5,000 workers. With nearly 2,100 acres of open space and recreation land, Devens offers unique opportunities for active and passive recreation. Carefully planned progress and a multitude of first-class amenities have made Devens a popular place to live, work, and play. 

Visit www.DevensBusiness.com for more information.

About MassDevelopment
MassDevelopment, the state's finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2015, MassDevelopment financed or managed 294 projects generating investment of more than $2.5 billion in the Massachusetts economy. These projects are projected to create about 6,100 jobs and build or rehabilitate about 2,000 residential units. 

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 $59.1 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.