40 Warren Street topping off ceremony signals next step for the new Class A office space
DLJ selects JLL as the exclusive office broker for Charlestown redevelopment delivering in Fall 2019
BOSTON, March 20, 2019 – DLJ Real Estate Capital Partners of Boston today announced that it has selected JLL as the exclusive office leasing agent for 40 Warren Street, a completely redeveloped 53,000 square foot mixed-use building currently under construction in Charlestown. JLL will be marketing 39,900 square-feet of first-class office space spanning the upper three floors that are set to deliver later this year. The topping off ceremony for this exciting project was completed earlier this week.
“We are very excited to reintroduce 40 Warren Street to Charlestown,” said Toby Banta of DLJ. “With a complete overhaul of this property, 40 Warren will provide nearly 40,000 square feet of Class A office space, along with onsite amenities and a ground floor retail experience that will benefit tenants and the greater Charlestown community alike. Featuring excellent ceiling heights, oversized windows with harbor views, open floor plates for single or multi-tenant users and proximity to a variety of MBTA lines; 40 Warren offers a first-class experience for tenants looking to be a part of the Greater Boston market.”
The all-new 40 Warren is ideally located in Charlestown’s highly desirable City Square which offers direct access to I-93 and Route 1. Within a 12-minute walk of the MBTA Commuter Rail, Green and Orange Line at North Station, 40 Warren provides a convenient connection point for talent in both Downtown Boston, Cambridge, and in-demand suburbs just north of the City.
“With tenants facing supply constraints in Downtown Boston and Cambridge, 40 Warren Street provides the perfect opportunity for companies looking to locate in an emerging submarket within prime access to talent, transit and amenities,” said JLL Managing Director Bryan Sparkes. “DLJ’s rehab of 40 Warren Street will deliver the type of first class, creative office product that the market desperately needs.”
The JLL team on the assignment is comprised of Managing Director Bryan Sparkes, Managing Director Molly Heath, Executive Vice President Chris Decembrele, and Vice President Brian Flaherty.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About DLJ RECP
DLJ Real Estate Capital Partners is an independent, vertically-integrated real estate investment management firm targeting investment and development opportunities in dynamic neighborhoods of major US cities. Established in 1995 as the real estate private equity platform of Donaldson, Lufkin & Jenrette, Inc., DLJ RECP became an independent company in 2010. Across the firm’s 20+ year history, DLJ RECP has built a strong track record of success through ground-up development and intensive redevelopment projects. DLJ RECP has offices in New York, Boston, Los Angeles, and Hong Kong. For more information, visit http://www.dljrecp.com/