JLL completes 110 High Street lobby at 50 Post Office Square and leases 117,000 sf to Medidata
BOSTON, February 15, 2019 – On behalf of LaSalle Investment Management (“LaSalle”), JLL’s Project & Development Services team announces the completion of the new 110 High Street Lobby project within 50 Post Office Square (50 PO), an iconic Class A office tower located in Boston’s Financial District.
JLL provided project management services on behalf of LaSalle, who purchased 50 PO in 2015, and embarked on a multi-faceted capital enhancement plan that delivered: a dynamic new lobby and High Street entrance designed by Elkus Manfredi Architects. The lobby features a first-of-its-kind 100-foot digital Boston Media Band Experience that is programmed with three digital art modes that react to traffic in the lobby in a variety of fun and interactive ways. Created by ESI Design, the media band is designed to extend the experience of the building into the street, while simultaneously brining the energy of the city inside.
At 110 High Street, LaSalle recently signed a 117,000-square-foot lease with Medidata Solutions (NASDAQ:MDSO), a global life science technology company. JLL Managing Director Lisa Kiell and Executive Vice President Kelly Lockberg represented the tenant for the lease agreement. Dave Martel and Gil Dailey negotiated on behalf of LaSalle.
Members of Medidata’s SHYFT Analytics division will immediately occupy the space. SHYFT Analytics is the leading platform for commercial and real world data analytics. Medidata and SHYFT have plans to continue to grow in Boston. The building’s occupancy now stands at 100%.
Kristy Heuberger, Head of U.S. Asset Management at LaSalle commented: “We are very pleased that our 50 Post Office Square/110 High Street building has been able to capture both Boston’s rich history and bright future through its diverse tenant base and unique designs. We are equally excited to welcome our new tenant Medidata and SHYFT to 110 High Street, as they will bring a vibrant presence and energy that will complement the building’s marquee location in the Financial District.”
Originally built in 1947, the building’s high-quality, Art Deco design had great bones and structure to pursue an innovative renovation that would attract large tenants in today’s evolving business landscape. LaSalle crated and embarked on an renovation plan with a vision to create a building within a building. The new entrance would have its own identity and offer access on the High Street side of this highly recognized building.
LaSalle and JLL partnered with best-in-class vendors to execute the re-imagined 110 High Street Lobby, including:
- Elkus Manfredi Architects
- Turner Construction
Boston Media Band Experience
- ESI Design
- Dimensional Communications, Inc.
- Arbitrarily Good Productions
- Halvorson Design Partnership
- McNamara / Salvia, Inc.
- C3 – Commercial Construction Consulting, Inc.
- Van Deusen Associates (VDA)
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 LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle and its investment advisory affiliates manages over $65 billion of assets under management in private and public real estate property and debt investments, as of Q4 2018. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit http://www.lasalle.com, and on LinkedIn.