Invesco Real Estate signs six leases at 179 Lincoln totaling 70,000 s/f - Lyne and Howe of CBRE/New England represent the landlord June 30, 2017 - Front Section 179 Lincoln Street - Boston, MA
Boston, MA Invesco Real Estate, a global real estate investment manager, and CBRE/New England completed six leases totaling 70,884 s/f at 179 Lincoln on the Greenway in downtown. The leases included the following: Power Advocate, 22,710 s/f renewal; Smartsheet,19,283 s/f new lease; XPO Logistics, 13,470 s/f new lease; OUTFRONT Media, 7,184 s/f new lease; E.M. Duggan, 5,550 s/f expansion; and AMCS Group, 2,687 s/f new lease. Tim Lyne, CBRE
Tim Howe, CBRE CBRE/NE s Tim Lyne and Tim Howe represented the landlord in all the transactions. JLL s Ben Heller and Patrick Nugent represented Power Advocate, a market-leading energy intelligence company, in a long-term renewal that extends their presence at the property since its inception in 2008. Avison Young s Larry Epstein and the Broderick Group s Jim Kinerk represented Smartsheet, a growing tech firm out of Bellevue, WA. Cresa s John Coakley and Paul Delaney represented XPO Logistics, one of the world s top providers of transportation and logistics services, in their relocation from West Cambridge. CBRE/NE s John Butterworth and Nick Amarante represented OUTFRONT Media, one of the largest out-of-home media companies in North America, in their relocation from Norwell. E.M. Duggan, a provider of full-range pre-construction services, expanded their current footprint. JLL s Tom O Regan represented AMCS Group, a leading supplier of integrated software and vehicle technology for the waste, recycling and material resources industries. Located in downtown overlooking the Rose Fitzgerald Kennedy Greenway, 179 Lincoln
provides visibility, vehicular access in all directions including access to Logan International Airport, and is within walking distance to South Station. The 2016 Energy Star-awarded building recently underwent a transformation and is now equipped with modern interiors, upgraded building systems, a new entrance and lobby, fitness and below-ground parking. In addition to having been awarded the LEED Core & Shell Silver certification by USGBC, 179 Lincoln St. has been honored with the Preservation Achievement Award for the Best Adaptive Use of Historic Industrial Space by the Boston Preservation Alliance. Initially constructed at the end of the 19th century, 179 Lincoln Street is among the first LEED-certified historic renovations in Boston. The property has also been recognized for a BOMA (Building Owners and Managers Association) Boston TOBY (The Building of the Year) award in 2014. CB Richard Ellis N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Invesco Real Estate is a global leader in the real estate investment management business with $66 billion in real estate assets under management, 451 employees and 21 regional offices across the U.S., Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc. which is an indirect, wholly owned subsidiary of Invesco Ltd., one of the largest investment management firms in the world with $834.8 billion in assets under management and on-the-ground presence in 29 cities
worldwide. New England Real Estate Journal - 17 Accord Park Drive #207, Norwell MA 02061 - (781) 878-4540