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CONTACT: Pembroke Real Estate Media
Relations (617) 563-
7377 mediarelations@pembrokere.com
Pembroke Real Estate & JLL Extend WTC East Leasing Agreements
BOSTON, December 16, 2008 -- Pembroke Real Estate, the real estate investment and development advisor for Fidelity Investments (FMR LLC) and developer of the Seaport World Trade Center Complex, and Jones Lang LaSalle, Pembroke’s leasing agent, today announced that tenants AEW Capital Management, LP and Seyfarth Shaw LLP have renewed their leases totaling 150,000 square feet through 2020 and 2021, respectively, at World Trade Center East in Boston’s Seaport District. Jones Lang LaSalle Managing Directors William Barrack and Bill Collins represented Pembroke in the negotiations.
AEW, an international real estate investment advisory firm, and Seyfarth Shaw, a major national law firm, have been tenants in the 16-story building since its opening. World Trade Center East is currently 100 percent leased.
“The decision for AEW and Seyfarth to renew at World Trade Center East is a reflection of the development, as well as the success of the expanding neighborhood,” said Edward C. Johnson IV, senior vice president, North America for Pembroke Real Estate. “The World Trade Center Complex is a long-term core investment for Pembroke and has been a cornerstone in the transformation of Boston’s Seaport District -- now a thriving commercial and residential waterfront community and home to hundreds of small and large businesses.”
“Boston’s Seaport District continues to be one of the city’s emerging hotspots for commercial and residential growth,” said William Barrack, Managing Director for Jones Lang LaSalle. “With an expanded infrastructure and transportation network, this area has truly become an extension of downtown Boston and a thriving mixed-use neighborhood -- one that has been a catalyst for other commercial ventures.”
World Trade Center East is a 504,000 square foot mid-rise, Class A office tower and the first office building in Boston’s Seaport District. The building is part of the Seaport World Trade Center Complex, a unique 2.26 million square foot mixed-use development that also includes World Trade Center West, the World Trade Center Boston and Seaport Hotel.
World Trade Center West, which is 95 percent leased, consists of 586,000 square feet and has been recognized for a variety of architectural awards, including the 2003 Associated General Contractors of America (AGC) Honor Award and the 2004 New England Sectional IESNA (International Illumination Design) Award. Combined, World Trade Center East and West have more than 68,000 square feet of retail space. Retail tenants include Morton’s The Steakhouse, Sebastians Café and Interactive Kitchen, Fresh City, and the child care, early education provider Bright Horizons Family Solutions. Tenants also have access to a wide variety of amenities, including on-site concierge services, dry cleaning and laundry services, a unique, open atrium seating area, and the Eastport and Westport Parks.
The Seaport World Trade Center Complex is home to more than 6,000 workers and attracts another one million people per year through over 1,500 conferences and events. The buildings are ideally situated adjacent to the entrance to the Ted Williams Tunnel, which provides direct access to Logan International Airport and the Massachusetts Turnpike extension, offering commuters from south and west of Boston direct connections to the Seaport District.
In addition to Pembroke’s properties, the Seaport District is currently home to the Boston Convention & Exhibition Center, the Institute of Contemporary Art, more than 30 restaurants, two additional hotels, hundreds of other small and large businesses, and nearly 1,000 residential units.
Pembroke Real Estate currently manages more than 5.4 million square feet of commercial and residential space worldwide, including more than 2.4 million square feet in the U.S. Pembroke’s Boston portfolio includes more than 1.7 million square feet of commercial and residential space.
Jones Lang LaSalle represents Pembroke Real Estate in all leasing activities at World Trade Center East and West.
About Pembroke Real Estate
Pembroke Real Estate is the real estate investment and development advisor for Fidelity Investments (FMR
LLC) and FIL Limited. Investing these organizations’ private capital into superior, long-term opportunities,
Pembroke and its affiliates acquire, design, develop and manage signature properties in major metropolitan
areas worldwide. Pembroke currently manages more than 5.4 million square feet (500,000 square meters) of
commercial and residential space in Boston, Brussels, Helsinki, London, Oslo, Paris, Stockholm, Tokyo and
Washington, D.C. Pembroke seeks high-quality, well-located acquisition and development opportunities in the
office, residential and multi-use sectors. For more information, visit the company’s Web site at
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 2007 global revenue of $2.7 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 1.2
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 more than $53 billion of assets under
management. For further information, please visit our Web site,
www.joneslanglasalle.com.
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