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News release

Boston, MA

Andover MCB and Eastport Select JLL as Exclusive Leasing Agent for New England Business Center

Amenity rich campus now undergoing a major transformation


BOSTON, April 4, 2018 – Andover MCB, LLC and Eastport Real Estate Services have appointed JLL as the exclusive leasing agent for New England Business Center, a premier four-building 237,000-square-foot master planned office park at the junction of I-93 and River Road in Andover, MA. The 42-acre business campus with views of the Merrimack River is undergoing an extensive program adding a modern 18,000 sf on-site Amenity Center which delivers in Q4 2018 complete with a full service cafeteria, and state-of-the-art fitness center to its natural wooded Class A work environment. The Amenity Center is centrally located to service the entire park, and is situated immediately adjacent to a 60,000-80,000 sf build to suit site which ownership is targeting for healthcare, life science, or office needs.

New England Business Center is minutes from I-495 and Route 128. It offers proximity to both southern New Hampshire and Boston. Conveniently located directly on the River Road interchange, the park is home to such companies as: Physical Sciences, Inc., New York Life, and Engility. There is a day care center on site. Some of the major corporations on the interchange are: Putnam Investments, MKS Instruments, Schneider Electric, Vicor, Smith & Nephew, and Straumann.

"We are excited to work with JLL to promote our dynamic world class corporate setting," said Bob Bowen, President of Eastport Real Estate Services. "Their proven track record, seasoned leasing team, and suburban market insight will add value and showcase the exciting changes that are coming here. We look forward to this next phase of the park's growth."

According to JLL Executive Vice President Jamey Lipscomb: "Eastport and Andover MCB have a laser focus on sustainability at NEBC which results in a significant cost savings for tenants. Their vision for the campus, long term investment philosophy, and hands-on approach to property and asset management resonates with innovative companies across Greater Boston."

Lipscomb, along with JLL Executive Director Brian Tisbert, will lead the leasing team on the asset with support from their strong bench of market experts. In addition to the build to suit opportunity there is currently over 30,000 sf of space available within 10 NEBC which can accommodate tenants from 2,000 to 18,000 sf.

Eastport Real Estate Services is a property management and consulting firm with a singular intent: to create, enhance and preserve value for its clients. Eastport manages a wide range of property types including: commercial, retail, medical, and medical/office condominiums throughout New England. In addition to third party management services, Eastport also offers: brokerage coordination, development and acquisition, accounting, construction, capital coordination, and asset management services. Founded in 1995, Eastport Real Estate Services is located at 107 Auburn Road, 2-301, Wakefield, MA 01880.

 

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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 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.