Berkeley Investments selects JLL as the exclusive office broker for Exchange 200
Reimagined creative office space minutes from Boston
BOSTON, March 11, 2019 – Boston-based developer Berkeley Investments today announced that it has selected JLL as the exclusive office leasing agent for Exchange 200, which will be a completely reimagined 300,000-square-foot project consisting of new creative office space, a data center and ground floor retail and restaurants. JLL is also the exclusive data center broker for the property.
“Minutes from Boston, the landscape of Malden Center has changed dramatically in recent years, and Exchange 200 is located in the heart of this desirable hotspot,” said Carolyn Zern, Vice President of Development at Berkeley. “With our extensive redevelopment of this project, Exchange 200 provides over 200,000 square-feet of innovative office space as well as a host of first-class amenities. With large, flexible floor plates and dynamic new design features, Exchange 200 can accommodate a variety of users including medical, R&D, flex and traditional office tenants. The property’s combination of features, from high ceilings and redundant power to significant loading capacity, makes it a truly unique property in the Boston market and we are excited to show tenants all that this opportunity can offer.”
The all new Exchange 200 is ideally located directly across from the Malden Center T-Station and offers immediate access to the MBTA Orange Line and Commuter Rail, providing a direct connection point for qualified talent in both Downtown Boston and in-demand suburbs just north of the city. With Malden Center also emerging as a nexus for new restaurants and breweries, Exchange 200’s location places it in the center of a dynamic, amenity rich environment.
“With large blocks of space hard to come by in Boston and Cambridge, Exchange 200 offers a special chance for companies looking to locate just outside the city, at much lower cost, while maintaining premier access to talent, transit and amenities,” said JLL Managing Director Molly Heath. “We’re excited to expand our partnership with Berkeley Investments to find the perfect tenant or tenants for this unique space.”
The JLL team on the assignment is comprised of Managing Director Molly Heath, Managing Director Pete Bekarian, Executive Vice President Kelly Lockberg, and Executive Vice President Chris Decembrele. JLL Managing Director Gabe Cole is the Data Center broker on the project.
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 Berkeley Investments
Berkeley Investments, Inc. is a Boston-based full service real estate investment and development company with a focus on urban residential, commercial and mixed-use properties. Founded in 1991, Berkeley has established a track record of successful investment management and value creation through a diverse award-winning, commercial and residential portfolio which includes properties in Massachusetts and Rhode Island. For more information, visit www.berkeleyinvestments.com.