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Farley White Signs Leases Totaling 95,000 S.F. at Ames Pond in Tewksbury Printer Friendly Version
 
Ames Pond Corporate Center

TEWKSBURY, MA, June 16, 2008 – Jones Lang LaSalle, the world’s leading real estate services firm, has completed five lease transactions over the last eight months for a combined 95,916 square feet of first class office space at Ames Pond Corporate Center in Tewksbury, MA on behalf of Boston-based owner, Farley White Interests. The leases signed at 200 Ames Pond are: Old Mother Hubbard for 22,433 square feet, Starent Networks for 16,402 square feet, and X-Rite for 16,649 square feet. Both Cambridge Heart and Getronics have signed leases at 100 Ames Pond for 20,432 square feet and 20,000 square feet respectively.

Jones Lang LaSalle Managing Director Tamie Thompson, Vice President Flory McCarthy, and Assistant Vice President Dan Kollar negotiated on behalf of the owner in all five transactions. The following firms represented the new tenants: Old Mother Hubbard and Cambridge Heart by Mark Mulvey of DTZ/FHO Partners, Starent Networks by John Wilson and Jamey Lipscomb of Richards Barry Joyce & Partners, X-Rite by Matt Adams of Cushman & Wakefield, and Getronics by Bill Goade, Joy Doyle, and Liz Ford of Cresa Partners.

Ames Pond Corporate Center consists of two existing buildings totaling approximately 152,000 square feet at the I-495 and Route 133 interchange. The park is permitted for a third building, 300 Ames Pond Drive, consisting of 180,000 square feet on three floors.

Ames Pond offers an unparalleled, bucolic setting with dramatic views of Ames Pond and convenient access to I-495 and Route 3. Amenities on site include jogging trails, and men’s and women’s locker rooms with showers. In addition, as a result of the recent leasing success, Farley White has committed to bringing on-site food service to the park. Design plans and construction are underway for a new café that is scheduled to open in the summer of 2008.

“Ames Pond Corporate Center complements Farley White’s corporate strategy of acquiring and improving extremely well located office properties,” said Farley White principal Sam Altreuter. “The building’s offer an ideal work environment for the very high quality corporate occupants which have chosen to relocate here. We couldn’t be more pleased."

According to Daniel Kollar of Jones Lang LaSalle: “Jones Lang LaSalle and Farley White Interests thank the cooperating brokers for their efforts in helping to facilitate these transactions. We are confident that their clients will benefit from a professional and first class tenant experience at the park.

“Given the current availability rate of approximately 26-percent, coupled with sporadic leasing velocity over the last twelve months, the recent success at Ames Pond Corporate Center further underscores the ownership’s commitment to working with prospective tenants to design creative deal structures and create a foundation for long-term business relationships.”

About Farley White
Farley White Interests is a Boston-based owner of commercial real estate, with a portfolio of 2.5 million square feet of office and industrial property extending from Hartford to Boston to southern New Hampshire, over half of which was acquired in the past four years.  Farley White Management Company and its staff of over forty professionals endeavor to go beyond the expected, delivering superior service to its tenant and investor customers.

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 has approximately 170 offices worldwide and operates in more than 700 cities in 60 countries. The firm is an industry leader in property and corporate facility management services, with a global portfolio of approximately 1.2 billion square feet. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $50 billion of assets under management. For further information, please visit our web site www.joneslanglasalle.com.





Contact:  Steve Steinberg
Phone:  +1 617 531 4122
Email:  stephen.steinberg@am.jll.com
 
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