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News release

BOSTON

Babcock Power Leases 46,061 SF at Lake Williams Center


BOSTON, March 14, 2017JLL has completed a 46,061-square-foot lease to long-standing Worcester company Babcock Power Sales Inc. at Lake Williams Center, 26 Forest Street in Marlborough, MA. The space will serve as a new location for the firm's Power Services and Power Environmental business units. JLL negotiated the transaction on behalf of property owner Great Point Investors, investment manager for its client the New England carpenters combined benefit funds. Babcock Power was represented by Kelleher & Sadowsky Associates.

Babcock Power, a world leader in delivering single-source solutions to power producers and utilities, will be relocating from 5 Neponset Street in Worcester, MA. Occupancy is scheduled for May 2017.

Lake Williams Center is a 210,000-square-foot first class corporate office campus.

"We are excited to move to this new location," states Earl Mason, Business Segment CFO of Babcock Power.

"This move will enable us to accommodate our customers effectively and efficiently, and provide our staff with a state-of-the-art working environment."

JLL Managing Director Phil DeSimone and Assistant Vice President Rob Mahoney represented Great Point Investors in the lease negotiations. Principals Don Mancini, Jim Umphrey and Vice President Drew Higgins of Kelleher & Sadowsky represented Babcock Power.

"We're thrilled to welcome global firm Babcock Power to Lake Williams Center" said JLL's Rob Mahoney.  "They are a dynamic company with a long and respected heritage here in New England and throughout the world. The space, which spans the entire third floor and boasts an impressive atrium, first class amenity package and expansive views, is the perfect fit for their new headquarters location. Adding to this, Marlborough's strong employment demographics, vibrant business community, and ample nearby amenities will be a great benefit in the recruitment and retention of their employees."

Built in 2001, Lake Williams Center is a premier, Class A campus with impeccably maintained office space easily accessible from I-495 and the Mass Pike/I-90 in Marlborough. This modern campus provides flexible office space perfect for a wide range of user types including software and high-tech, healthcare/medical, financial services, professional services, and business services. It offers all of the amenities today's workforce demands: a full-service, on-site cafeteria; an on-site fitness center with showers and lockers; a lounge and conference facility; large, bright window lines, outdoor patio spaces with seating; newly renovated lobbies, and excellent connectivity certified by WiredScore.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.