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News release

Boston, MA

Pembroke Real Estate and Jones Lang LaSalle Extend Leasing Agreements at Seaport West


BOSTON, December 9, 2010 – Pembroke Real Estate and Jones Lang LaSalle today announced that Foley Hoag LLP and Nutter McClennen & Fish LLP have renewed their leases totaling 328,000 square feet, through 2021 and 2022 respectively, at Seaport West.  Managing Director William Barrack and Assistant Vice President Patrick Nugent of Jones Lang LaSalle represented Pembroke in both transactions. Charles O’Connor and Will Foley of FHO Partners represented Foley Hoag and Michael Joyce, John Barry and Thomas Ashe of Richards Barry Joyce & Partners LLC represented Nutter McClennen & Fish.
 
Foley Hoag and Nutter McClennen & Fish are both significant Boston-area law firms that have been Seaport West tenants since the building’s opening in 2002.
 
“Foley Hoag and Nutter McClennen & Fish’s decisions to renew at Seaport West show  that Seaport Place has become an established location for prominent Boston companies to conduct business in a unique waterfront setting, said Edward C. Johnson IV, senior vice president for Pembroke Real Estate. “As the neighborhood’s pioneer development, Seaport Place is now at the center of the thriving Seaport District, a continually evolving downtown community.”
 
Seaport West is a 575,000 square foot, 17-story, LEED® Silver certified office tower and includes the adjacent three-story podium building and elevated Westport Park, the recipient of the Green Roof Award of Excellence from Green Roofs for Healthy Cities. 
 
Seaport West is part of Seaport Place, Boston’s only modern waterfront business center, which also includes Seaport East, the Seaport Hotel, Seaport World Trade Center, retail shops and two parks.
 
Seaport Place is home to more than 5,000 workers and a variety of retail including Morton’s The Steakhouse, Aura, Tamo, Sebastians, Fresh City, Dunkin Donuts, 7-Eleven, Wave Health & Fitness Center, Boston Private Bank, Sovereign Bank, Royal White Laundry and Dry Cleaning, and Stapleton Floral. The integration of Seaport Place’s offices, hotel, meeting space and retail creates a unique experience for tenants who have access to full concierge services, a premium fitness center, additional meeting space, a 24-hour cab stand, complimentary shuttle services and multiple on-site parks. Surrounded by Boston’s newest museums and galleries, residential developments, restaurants, hotels and nightspots, Seaport Place is ideally located within a well-designed transportation hub with the MBTA’s Silver Line stop on-site, the adjacent I-90 and I-93 entrances and direct access to Logan International Airport via subway, water taxi or car.
 
“Seaport East and Seaport West are attractive to businesses looking for world-class offices in a downtown waterfront location,” said Jones Lang LaSalle’s William Barrack, “Pembroke’s vision for the Seaport District has become a reality with Seaport Place at the heart of a successful growing urban neighborhood.”
 
The Jones Lang LaSalle team of William Barrack, Rick Fahey, and Patrick Nugent represents Pembroke Real Estate in all leasing activities at Seaport Place.
 
About Pembroke Real Estate

Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke invests FMR LLC’s (Fidelity Investments) and FIL Limited’s (Fidelity Investment Managers) private capital into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 6.4 million sf / 600,000 square meters in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 50 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.

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.