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News release

Boston

Jones Lang LaSalle Named Leasing and Property Management Agent for 150 Second Street Cambridge


BOSTON, November 24, 2010 — Jones Lang LaSalle has been appointed as exclusive leasing and property management agent by Skanska USA Commercial Development on the development of 150 Second Street, Cambridge, a new 120,000-square-foot lab/research and development building in the heart of Kendall Square. Skanska purchased the development rights from Bent Street Land Company LLC, an investment entity sponsored by Spaulding & Slye Investments. Jones Lang LaSalle secured all permits and site plan approvals.
 
The design for 150 Second Street (www.150second.com), a 3-story LEED Certified Gold project designed by Elkus Manfredi Architects, is conceived with environmental and energy efficiency in mind. The mechanical systems, large floor plates, and abundant daylight from large windows create a flexible building for varied research and development uses. The exterior material palette will create a contemporary technology building with a human scale that compliments the neighborhood. There will be underground parking on site.
 
“We are excited to be working with such a globally respected company as Skanska, a company that consistently demonstrates its commitment to sustainable development,” said Jones Lang LaSalle’s Senior Vice President Peter Bekarian. “This project will reflect the quality of Skanska’s reputation, as well as the innovation and excitement that make Cambridge one of the premier life sciences clusters in the world.”
 
Joining Peter on the leasing team is Jones Lang LaSalle’s Senior Vice President John Osten. Skanska’s development team includes Elkus Manfredi Architects, WSP Flack & Kurtz, McNamara Salvia, Nitsch Engineering, The Green Engineer, and Copley Wolff Design Group.
 
About Skanska

Skanska USA Commercial Development is focused on the development of Class A commercial projects and is committed to delivering sustainable buildings with a minimum LEED Gold certification. Skanska has commercial development groups in Boston, Washington D.C. and Houston. Skanska USA Commercial Development recently broke ground in Washington, D.C. on a 180,000 square foot, office building located at 733 10th Street, plans to begin construction on an office building in Arlington, Virginia and recently purchased a site in Houston for a 300,000 square foot office building.
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $38 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.