Properties Earn Top BOMA Honors in the Historical Building and Renovated Building Categories
BOSTON, MASSACHUSETTS, May 8, 2008 – Jones Lang LaSalle, the world’s leading financial and professional services firm specializing in real estate, won two Mid-Atlantic TOBY (The Office Building of the Year) Awards in a ceremony held by the Building Owners and Managers Association (BOMA) last week. The top honors were awarded to Jones Lang LaSalle-managed properties in Cambridge, MA: 250 Massachusetts Avenue in the Historical Building Category, and 100/200 Technology Square in the Renovated Building Category.
Formerly a NECCO candy factory and now owned by Novartis, 250 Massachusetts Avenue is comprised 472,000 square feet of office and lab space. Senior Manager David Fuller, this year’s winner of BOMA Boston Property Manager of the year, has managed the property for four years. 100/200 Technology Square, owned by ARE-Tech Square and managed by Senior Manager Kristina Descoteaux, recently completed its fourth renovation involving conversion from office to laboratory space. The property is comprised of 1,130,000 square feet of office and lab space.
“These two properties competed against an impressive roster of buildings both at the local and regional levels,” said Dan Ozelius, Senior Vice President at Jones Lang LaSalle. “Our commitment to best practices and exemplary tenant relations will set them apart at the international competition in June.”
BOMA recognizes excellence in property management through its TOBY program and has membership of over 100,000,000 square feet of commercial real estate space in Boston. Of the three Mid-Atlantic TOBYs awarded this year, two went to Jones Lang LaSalle-managed properties.
Jones Lang LaSalle's Property Management Group manages over 13 million square feet of commercial property throughout New England including 12 ENERGY STAR rated properties. As the largest property manager in the world, Jones Lang LaSalle manages an extensive range of assets for investors and owners on a global basis. The firm’s management assignments include third-party office buildings, research laboratory space, retail shopping centers, owner-occupied buildings and industrial facilities.
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 $49.7 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.