S&W Renews Lease for 115,265 Square Feet at One Post Office Square, Boston
CB Richard Ellis, Jones Lang LaSalle facilitate transaction
Boston, MA, September 9, 2009 — Sullivan & Worcester LLP, a leading full-service law firm headquartered in Boston, today announced that it has committed to a 115,265 square foot lease extension at One Post Office Square in Boston’s Financial District. The law firm, which has maintained offices at One Post Office Square since 1982, will remain on floors 21 through 25 of the building, a 41-story Class A office tower owned by Equity Office Properties. CB Richard Ellis represented Sullivan & Worcester in the transaction; Equity Office Properties and Morgan Stanley were represented by Jones Lang LaSalle. Beginning in January 2010, the firm looks forward to updating its space and undertaking increased investments in technology to enhance and streamline its services to clients.
“We are very pleased to continue our tenancy here at One Post Office Square,” said Joel Carpenter, co-managing partner of Sullivan & Worcester. “The building provides us with an excellent location, top tenant amenities and a dynamic environment in the heart of the Financial District.”
Founded in 1941, Sullivan & Worcester provides counsel to domestic and international clients ranging from Fortune 500 companies to emerging businesses. The firm maintains strategic locations in Boston, New York and Washington, D.C. and international alliances in Europe, Asia and the Middle East.
“The ownership is pleased that a tenant the caliber of Sullivan & Worcester will continue their tenancy at One Post Office Square. We look forward to working with the firm and the renovation of their space without disruption,” said Andrew Maher, Managing Director at Equity Office Properties.
The CBRE team of Andrew Hoar, President/Co-managing Partner, David Fitzgerald, Executive Vice President/Partner, Bill Crean, Senior Vice President/Partner, Tim Lyne, Executive Vice President/Partner, and Jessica Berkey, Associate, represented Sullivan & Worcester in the transaction. Jones Lang LaSalle’s Bill Barrack, Managing Director, and Katharine Small, Assistant Vice President, represented Equity Office Properties.
One Post Office Square is a signature 41-story, 830,000 square foot office tower overlooking Post Office Square. The building features an elegant new lobby and entrance and an enhanced façade. Floor plates, which serve a bank of 17 elevators, are 12,000 to 25,000 square feet and offer sweeping views of the Charles River, Boston Harbor and Boston skyline. A recently completed expansion has enhanced the building’s exterior glass walls, improved traffic flow and added approximately 2,000 square feet of modern retail space to its three-story lobby. The building, which connects to the Langham Hotel, is also home to Putnam Investments, Acadian Asset Management, Jones Lang LaSalle and Lahive & Cockfield.
About Sullivan & Worcester
Sullivan & Worcester LLP is a leading full-service law firm providing counsel to domestic and international clients ranging from Fortune 500 companies to emerging businesses. With more than 185 lawyers in Boston, New York and Washington, D.C., the firm offers services in a wide range of areas, including corporate finance, securities, litigation, mergers and acquisitions, tax, real estate, private equity and venture capital, bankruptcy, regulatory law, and employment and benefits. Sullivan & Worcester is also recognized for its representation of REITs and its deep expertise in mutual fund law. For more information please visit www.sandw.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 2008 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 1.4 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 $36 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). CB Richard Ellis is the only commercial real estate services company named one of the 50 “best in class” companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune.
CB Richard Ellis’s New England practice has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. The firm serves real estate owners, investors and occupiers by offering strategic advice and execution for: property leasing and sales, property, facilities and project management, corporate services, debt and equity financing, investment management, valuation and appraisal, research and investment strategy, and consulting. Please visit our Web site at www.cbre.com.