Hobbs Brook Management selects JLL as the exclusive leasing agent for new 500,000+ SF Waltham life science and office complex
225 Wyman Street construction to start Q2 2019 and be ready for occupants Q1 2021
Waltham, March 5, 2019 – Hobbs Brook Management LLC, a commercial property management and development firm specializing in leasing, construction and development of Class A office space, announced today that it has selected JLL as the exclusive broker for 225 Wyman Street, a 500,000+ square foot new office and lab development on their Waltham campus. When complete, the new building will be the largest contiguous Class A office building constructed along the Route 128 “technology belt” in Massachusetts. Hobbs Brooks Management plans to begin construction in Q2 2019 with the building ready for interior fit-out by the end of 2020.
“We are pleased to be adding JLL to our project team for this exciting new addition to our Waltham campus,” said Ziad Alex S. Tadmoury, interim president and chief executive officer of Hobbs Brook Management LLC. “JLL’s life sciences and office leasing groups, combined with their national and international platform, will give Hobbs Brook maximum exposure for 225 Wyman to leading office and lab tenants.”
The new five-story building is being designed by Gensler to meet LEED Silver certification and be lab capable to satisfy both laboratory/research and development and traditional office needs. The site’s landscape plan, designed by OJB Landscape Architecture, will include both paved and permeable walkways, seating areas and walking trails in the beautifully landscaped Western Courtyard as well as an arrival courtyard at the entrance to the building. The project will also include a new parking garage within the Hobbs Brook Office Park to accommodate parking needs for this complex. Hobbs Brook Management will oversee the construction and manage the facility once complete.
“JLL is excited for the opportunity to work with Hobbs Brook Management again,” said JLL Managing Director Alex Dauria. “We successfully worked with Hobbs Brook on the 312,000 square foot lease of 175 and 185 Wyman Street which was delivered to the market on a speculative basis. It’s our hope to repeat this success with 225 Wyman, also being delivered to the market on a speculative basis.” Joining Dauria on the JLL leasing team will be Managing Directors Jason Fivek and Don Domoretsky and Senior Vice President Brendan Cohn.
For more information, visit www.225wyman.com.
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 Hobbs Brook Management LLC
Because the most valuable thing they develop is a relationship, Hobbs Brook Management focuses its efforts on satisfying the individual needs of customers that lease within their parks. A service-oriented provider of Class A business solutions to companies large and small, Hobbs Brook builds sustainably, maintains an on-site facilities management staff, and develops or renovates projects for energy efficiency, LEED certification, and the preservation of the local environment. With portfolios in Massachusetts, Rhode Island, Georgia, Illinois and Singapore, Hobbs Brook offers competitive amenities, on-site catering and dining facilities, fitness centers, and a full-service conference center available to tenants and the public. Hobbs Brook enjoys a steady occupancy rate in the 90th percentile. For leasing options or additional information, please visit www.hobbsbrook.com.