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News release

BOSTON

Magnitude Expands Into New Space at The District Burlington

Technology company to relocate regional offices from 1 Wall Street, Burlington


BOSTON, MA, December 13, 2016 National Development and JLL today announced that Magnitude Software has signed a lease for a new office space in Building 2400 at The District Burlington. Magnitude will relocate its regional offices to The District from nearby 1 Wall Street in Burlington early in 2017. Austin-Texas based Magnitude Software is a leader in enabling business insights by way of award-winning corporate performance management (CPM), master data management (MDM) and data connectivity software solutions.  

"We're excited to welcome Magnitude to The District Burlington," said Andrew Gallinaro, SVP at National Development. "They join the growing list of technology and innovation companies who've found that The District's dynamic, amenity-rich environment is the perfect place to work, play, stay and grow." 

"We are thrilled to move into a beautiful and collaborative space at The District," said Chris Ney, Chairman and CEO of Magnitude Software. "With Magnitude's expansion and innovation roadmap it was critical to find modern office space like The District in Burlington, providing access to a hot bed for talent that will help fuel future growth." 

The District Burlington is a 1.3 million-square-foot business environment that meets the needs of today's innovative work force. Surrounded by renowned retail and restaurants, the campus' amenities, which include a new green roof deck with fire pit and bar, are unmatched by aging office parks and rented co-working spaces. In addition to open outdoor space that includes nature trails and pocket parks, The District offers tenants access to a bike sharing program and boasts a top-of-the-line cycling studio, fitness studio, and newly opened OmmmSpace for yoga & meditation. Immediately accessible from I-95 and close to I-93 and I-90, the campus also offers regular shuttle service to the nearby Alewife MBTA station.  

"In addition to the strong roster of like-minded technology firms here, Magnitude was attracted to the full suite of tenant offerings at The District, like the numerous walkable amenities including restaurants Island Creek Oyster Bar and Pressed Cafe" said JLL Managing Director Matt Daniels. "Because the campus caters to the needs of companies both large and small, it is an ideal destination for those seeking access and amenities at an affordable rate."

JLL's leasing team is comprised of Daniels with Managing Director Christopher Lawrence and Senior Vice Presidents Chris Decembrele and Andrew Whipple. 

Learn more at www.thedistrictburlington.com and @thedistict_b on Twitter.

About The District Burlington
The District Burlington is a 1.3 million-square-foot business environment that meets the needs of today's innovative work force.  Surrounded by renowned retail and restaurants, the campus' amenities, which include a new green roof deck with fire pit and bar, are unmatched by aging office parks and rented co-working spaces. In addition to open outdoor space that includes nature trails and pocket parks, the District Burlington offers tenants access to a bike sharing program and boasts a top-of-the-line cycling studio, fitness studio, and newly opened OmmmSpace for yoga & meditation. Immediately accessible from I-95 and close to I-93 and I-90, the campus also offers regular shuttle service to the nearby Alewife MBTA Red Line station in Cambridge.

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.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 60,000.  On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.