Boston, MA – June 1, 2007 – The Beal Companies LLP, a closely held firm actively pursuing investment opportunities in all segments of the real estate industry, and Rockpoint Group LLC have executed a 10-year lease for 29,800 square feet at Seaport Center with Boston Coach, a premier worldwide provider of executive sedan, limousine and event transportation services.
Jones Lang LaSalle Managing Director Bill Barrack, Senior Vice President Bill Collins, and Vice President Ben Heller served as brokers representing the landlord. FHO Partners LLC represented the tenant. Jones Lang LaSalle is the exclusive leasing agent for Seaport Center.
Seaport Center is a nine-story, 465,000-square-foot first class office building located at 70 Fargo Street across from the new Westin Hotel and the Boston Convention and Exhibition Center and one block from the waterfront in the South Boston Seaport District.
The Boston Coach space is on the eighth floor of Seaport Center and will become the firm’s new corporate headquarters. Boston Coach is a wholly owned subsidiary of Fidelity Investments. Occupancy is scheduled for December 1, 2007.
“We’re thrilled to have a company like Boston Coach at Seaport Center,” said Stephen N. Faber, Vice President, Asset Management for The Beal Companies. “This lease is another example of the exciting changes in the Seaport neighborhood attracting a quality organization to what is a fantastic work environment at Seaport Center.”
Seaport Center, purchased last year by The Beal Companies LLP and Rockpoint Group LLC, has recently undergone a capital improvements program with significant upgrades to the landscaping, on site parking areas, two-story atrium lobby, entrance and systems. A health club for tenant use is also being added. Current tenants include Tivoli Audio, RDK Engineers, Marine Systems Corp., and Altran.
With views of the Boston Harbor, Seaport Center is a block from water shuttles, the Seaport Hotel, World Trade Center, the new Institute of Contemporary Art, Fan Pier, and bus service to downtown. It is five minutes from Logan Airport, and South Station’s MBTA and commuter rail lines serving the south markets with AMTRAK connections to New York and Washington, DC. At rush hour, a dedicated shuttle for tenants serves South Station every 20 minutes. For more information about the Seaport Center please visit www.seaportcenterboston.com
About The Beal Companies
The Beal Companies is a closely held firm actively pursuing investment opportunities in all segments of the real estate industry. Since 1888, the Beal family has built a full service Real Estate firm with an enviable reputation. The Beal Companies’ projects and advisory services have been focused not only in Boston also throughout the United States. Activities include the Acquisition and Development of Commercial, Historic and Residential Properties, Asset Management Brokerage and Consulting. For more information on The Beal Companies, visit www.bealco.com.
About Rockpoint Group, LLC
Rockpoint Group LLC is a global real estate investment management firm with offices in Boston, Dallas, San Francisco, Frankfurt, London and Tokyo.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to FORTUNE magazine’s “100 Best Companies to Work For” and Forbes magazine’s “400 Best Big Companies,” has approximately 160 offices worldwide and operates in more than 450 cities in over 50 countries. With 2006 revenue of over $2.0 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of over 1.0 billion square feet worldwide. In 2006, the firm completed Capital Market sales and acquisitions, debt financing, and equity placements on assets and portfolios valued at $70.9 billion. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse real estate money management firms, with approximately $44.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.