Pembroke Real Estate today announced the signing of three new leases for a total of 29,668 square feet at Seaport West. Jones Lang LaSalle represented Pembroke Real Estate in the transactions. Seaport West is a 575,000 square foot, 17-story, LEED^® Silver certified office tower located at the heart of the Seaport District and Boston’s evolving Innovation District.

The companies who will become Seaport West tenants are:

• Crimson Hexagon, a social media monitoring and analysis provider leasing 10,731 square feet. Crimson Hexagon was represented by Larry Epstein of Colliers International.
• KHJ Brand Activation, a brand activation and marketing communications firm leasing 12,803 square feet. KHJ was represented by Roger Breslin and Jeff Gates of Colliers International.
• Walsh, Jastrem & Browne, LLP, a certified public accounting firm leasing 6,134 square feet. Walsh Jastrem Browne was represented by Bill Crean of CB Richard Ellis.

“We are excited to welcome these new companies and further diversify the tenant base of Seaport Place,” said David Lucey, vice president, Pembroke Real Estate. “This diversity reflects the complex’s ability to accommodate a variety of occupier needs and highlights the broad appeal of Seaport Place and the Seaport area as a business center.”

In addition to the 17-story Class A office tower, Seaport West includes the adjacent three-story podium building, Sebastians, Action Kitchen, and elevated Westport Park, a recipient of the Green Roof Award of Excellence from Green Roofs for Healthy Cities.

Developed by Pembroke Real Estate, Seaport West opened in 2002 and is part of Seaport Place, Boston’s only modern waterfront business center, which also includes Seaport East, the Seaport Hotel, Seaport World Trade Center, retail shops and two parks.

Seaport Place is home to more than 5,000 workers, as well as Morton’s, Aura, Tamo, Dunkin Donuts, Fresh City, 7-Eleven, Wave Health & Fitness Center, Boston Private Bank, Sovereign Bank, and Stapleton Floral. The integration of Seaport Place’s offices, hotel, meeting space and retail creates a unique experience for tenants who have access to full concierge services, a premium fitness center, additional meeting space, a 24-hour cab stand, complimentary shuttle services and on-site parks. Surrounded by Boston’s newest museums and galleries, residential developments, restaurants, hotels and nightspots, Seaport Place is ideally located within a well-designed transportation hub with the MBTA’s Silver Line stop on-site, the adjacent I-90 and I-93 entrances and direct access to Logan International Airport via subway, water taxi or car.

William Barrack, managing director, and Patrick Nugent, assistant vice president, of Jones Lang LaSalle represented Pembroke Real Estate.

About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke facilitates the investment of private capital of FMR LLC (Fidelity Investments) and its shareholders and FIL Limited (Fidelity International) into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 635,000 sqm/6.8 million sf in key markets in Europe, North America, Asia and Australia. Strongly committed to the environment through property operations and development, more than 65 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.
 

Pembroke Real Estate and Colliers International today announced the signing of Rosa Mexicano as a new tenant at Seaport West leasing 8,000 square feet of commercial space for 15 years on the corner of Seaport Boulevard and B Street. Rosa Mexicano was represented by Corporate Realty Advisors. Colliers International’s Retail Services group represented Pembroke Real Estate. Seaport West is a 575,000 square foot, 17-story, LEED® Silver certified office tower located at the heart of the Seaport District and Boston’s evolving Innovation District.

“We are excited to welcome Rosa Mexicano not only to our building and the Seaport, but to the city of Boston,” said David Lucey, vice president, Pembroke Real Estate. “Rosa Mexicano is a high quality operation that will attract a great lunch and dinner crowd to the area, as well as enhance and diversify the amenities available to our tenants and guests.”

With thirteen locations across the country, Rosa Mexicano offers authentic Mexican cuisine in a festive, contemporary atmosphere. The upscale restaurant incorporates regional accents to create award-winning dishes and acclaimed cocktails. Opening in 2012, the Boston location will include an outdoor patio overlooking Boston Harbor and the Financial District.

In addition to the 17-story office tower, Seaport West includes the adjacent three-story podium building, Sebastians, Action Kitchen, and elevated Westport Park, a recipient of the Green Roof Award of Excellence from Green Roofs for Healthy Cities.

Developed by Pembroke Real Estate, Seaport West opened in 2002 and is part of Seaport Place, Boston’s only modern waterfront business center, which also includes Seaport East, the Seaport Hotel, Seaport World Trade Center, retail shops and two parks.

Seaport Place is home to more than 5,000 workers, as well as Morton’s, Aura, Tamo, Dunkin Donuts, Fresh City, 7-Eleven, Wave Health & Fitness Center, Boston Private Bank, Sovereign Bank, and Stapleton Floral. The integration of Seaport Place’s offices, hotel, meeting space and retail creates a unique experience for tenants who have access to full concierge services, a premium fitness center, additional meeting space, a 24-hour cab stand, complimentary shuttle services and on-site parks. Surrounded by Boston’s newest museums and galleries, residential developments, restaurants, hotels and nightspots, Seaport Place is ideally located within a well-designed transportation hub with the MBTA’s Silver Line stop on-site, the adjacent I-90 and I-93 entrances and direct access to Logan International Airport via subway, water taxi or car.

“With a diverse mix of retailers and amenities, Pembroke has made Seaport Place a destination for people to entertain, dine and conduct business,” said Jonathan Martin, assistant vice president with Colliers International’s Retail Services group.  “Rosa Mexicano will be a strong addition to the Seaport and will further enhance the area as a dining and nightlife destination. After looking at many locations in the city, the fact that Rosa Mexicano decided to open its first Boston restaurant in the Seaport is a testament to the area’s strong reputation.”

The Retail Services group at Colliers International’s Boston office provides tenant and investor/owner services to local and multi-market retail clients. The team offers 50 years of combined experience and expertise in identifying and evaluating new sites, as well as in the disposition of excess locations. Martin, along with restaurant consultant Marty Bloom, has brokered several high-profile restaurant deals since the launch of the retail team’s restaurant specialty practice in January 2011.

About Pembroke Real Estate

Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke facilitates the investment of private capital of FMR LLC (Fidelity Investments) and its shareholders and FIL Limited (Fidelity International) into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 635,000 sqm/6.8 million sf in key markets in Europe, North America, Asia and Australia. Strongly committed to the environment through property operations and development, more than 65 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.

Colliers International’s Boston office has been providing its clients with innovative real estate solutions for over 130 years. In addition to its full platform of integrated services, it is one of 21 owner/members of Strategic Alliance Mortgage (SAM). SAM’s goal is to combine local entrepreneurial expertise with a nationwide network to deliver the very best capital markets execution and alternatives to its clients.

Pembroke Real Estate today announced that 1201 New York Avenue has been awarded LEED® (Leadership in Energy and Environmental Design) Gold certification for Existing Buildings: Operations & Maintenance (LEED EB O&M) from the U.S. Green Building Council (USGBC). Located at the intersection of New York Avenue, 12th Street and I Street, 1201 New York Avenue is among a limited number of existing buildings to receive Gold certification in the Washington, D.C. commercial real estate market. The 13-story, 413,000 square foot, Class A office building has views of nearby monuments and is part of Pembroke Real Estate’s Washington, D.C. portfolio.
 
“Pembroke is committed to operating our properties in a sustainable and environmentally conscious manner,” said David Lucey, Vice President, Pembroke Real Estate. “We are extremely pleased to receive recognition from USGBC for our ongoing sustainability and efficiency efforts.”
 
Pembroke Real Estate engaged the CB Richard Ellis Sustainability Programs Group and the on-site property management team to increase operating efficiencies, lower operating costs and improve the sustainability of operations. As part of this effort, the team implemented energy efficient best practices, sustainable cleaning products and materials and a building exterior and hardscape management plan, installed lighting with lower mercury levels and occupancy sensors, and reduced overall water consumption.
 
Acquired by Pembroke Real Estate in 2006, 1201 New York Avenue was planned as a single unified project, but built as two separate buildings, 1201 and 1225 New York Avenue, completed in 1989 and 1993 respectively. The property is 100 percent leased. Surrounded by restaurants, hotels and retail and only two blocks from Metro Center, 1201 New York Avenue features a large atrium lobby, state-of-the-art fitness center, conference center, on-site property management and a large parking garage.
 
About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke invests FMR LLC’s (Fidelity Investments) and FIL Limited’s (Fidelity Investment Managers) private capital into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 6.8 million sf / 635,000 sqm in key markets in Europe, North America, Asia and Australia. Strongly committed to the environment through property operations and development, more than 65 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.

Pembroke Real Estate and Jones Lang LaSalle today announced the signing of Allen & Gerritsen as a new tenant at Seaport East. Allen & Gerritsen will lease 33,209 square feet of commercial space for 10 years beginning September 2012. Jones Lang LaSalle represented Pembroke Real Estate and CB Richard Ellis/New England represented Allen & Gerritsen in the transaction. Seaport East is a 502,000 square foot, 16-story, LEED® Silver certified office tower located at the heart of the Seaport District.
 
“We are excited to welcome one of Boston’s prominent advertising agencies to Seaport East,” said David Lucey, vice president, Pembroke Real Estate. “Seaport Place and the greater Seaport District have become established locations for companies looking for unique waterfront offices in downtown Boston.”
 
Seaport East is an Energy Star labeled property with Boston Harbor views that includes Morton’s The Steakhouse, Fresh City and the glass-enclosed Wintergarden atrium. The office tower also features Eastport Park, a 1.6 acre sculpture park with sea-themed artwork overlooking Boston Harbor. Developed by Pembroke Real Estate, Seaport East opened in 2000.
 
Seaport East is part of Seaport Place, Boston’s only modern waterfront business center, which also includes Seaport West, the Seaport Hotel, Seaport World Trade Center, retail shops and two parks. Seaport Place is home to more than 5,000 workers as well as Aura, Tamo, Sebastians, Dunkin Donuts, 7-Eleven, Wave Health & Fitness Center, Boston Private Bank, Sovereign Bank, and Stapleton Floral. The integration of Seaport Place’s offices, hotel, meeting space and retail creates a unique experience for tenants who have access to full concierge services, a premium fitness center, additional meeting space, a 24-hour cab stand, complimentary shuttle services and on-site parks. Surrounded by Boston’s newest museums and galleries, residential developments, restaurants, hotels and nightspots, Seaport Place is ideally located within a well-designed transportation hub with the MBTA’s Silver Line stop on-site, the adjacent I-90 and I-93 entrances and direct access to Logan International Airport via subway, water taxi or car.
 
“In addition to a downtown waterfront location, Seaport East and Seaport West offer businesses a unique combination of amenities with unmatched accessibility to the greater Boston area,” said Jones Lang LaSalle’s William Barrack, “Originally the Seaport District’s pioneer development, Pembroke’s Seaport Place is now at the heart of a thriving urban neighborhood.”
 
Allen & Gerritsen (a&g) is a 25-year-old advertising agency that ranks as the number one Best Place to Work in the US by Advertising Age. The agency was also named a Best Place to Work by the Boston Business Journal earlier this year. Its clients range from Boston brands such as the Boston Celtics, Ninety Nine Restaurants and Bright Horizons Family Solutions to global businesses such as life sciences giant Waters Corporation, financial services company MFS and Toyota Industries’ Raymond Corporation.
 
“Creativity, technology and curiosity are at the heart of Allen & Gerritsen's core,” said Andrew Graff, CEO, Allen & Gerritsen. "That's why the Innovation District will be the perfect home for our agency."
 
William Barrack, managing director, and Patrick Nugent, assistant vice president, of Jones Lang LaSalle represented Pembroke Real Estate. Allen & Gerritsen was represented by John Butterworth, senior vice president/partner, CB Richard Ellis/New England.
 
About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke facilitates the investment of private capital of FMR LLC (Fidelity Investments) and its shareholders and FIL Limited (Fidelity International) into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 635,000 sqm/6.7 million sf in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 65 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.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 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.

 

Pembroke Real Estate today announced the acquisition of Altstadt Palais, an office building with 9,584 sqm/103,000 sf of net rentable office area, located in Munich’s prime business district on Karl-Scharnagl-Ring. This is the second Munich acquisition facilitated by Pembroke on behalf of its investors, following the acquisition of the Lorenzistock building this past January.

Altstadt Palais is situated in the heart of Munich’s Central Business District in a highly sought after location occupied by renowned consulting and law firms and luxury retailers on neighbouring Maximilianstraße. The immediate area is populated with prestigious historical buildings and government institutions, including the Bavarian State Chancellery and Bavarian State Opera, and nearby English Gardens. Furthermore, the property’s prominent position on the Karl-Scharnagl-Ring provides excellent access to public transportation, as well as to major highways and Munich Airport.

Designed by architects Auer + Weber and developed by Accumulata Immobilien Development GmbH, Altstadt Palais was completed in September 2008 and built to international standards in terms of high quality finishes, modern and energy-efficient building systems, and a sound-insulated façade. Fully occupied, the property features Grade A office accommodation on six upper levels, as well as a roof terrace, 81 parking spaces and four levels of basement storage. The asset is one of only a handful of modern office buildings in the city centre that provides large, efficient floor plates. 

“Fully leased with long-term tenants, Altstadt Palais presents a prime asset in an excellent central Munich location,” said Johannes Haug, Senior Vice President and Managing Director for Europe at Pembroke Real Estate. “Munich’s diverse industry base, coupled with the CBD’s constrained supply and low vacancy rate, offers excellent long-term investment potential and we look forward to continuing to seek high quality, core office assets in the city.”

Pembroke acted as advisor to the purchasers in the acquisition, which was structured as an acquisition of the shares of the company owning Altstadt Palais. Law firm Sammler Usinger advised Pembroke during the transaction.

About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke facilitates the investment of private capital of FMR LLC (Fidelity Investments) and its shareholders and FIL Limited (Fidelity International) into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 635,000 sqm/6.7 million sf in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 65 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.
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On April 1, 2011, the Massachusetts Department of Transportation (MassDOT) recognized Pembroke Real Estate for Leadership Excellence at the first annual Massachusetts Excellence in Commuter Options (ECO) Awards.

The ECO Awards recognize employers in their efforts to reduce greenhouse gas emissions through decreased drive-alone trips by encouraging employees to travel to work by transit, carpools, vanpools, by bicycling or walking, or through support of telework programs.  The awards celebrate businesses’ exemplary contributions in the field of commuter options, which help create a more sustainable and healthier state. 

Pembroke received the Leadership Excellence level for offering transportation benefits such as on-site bicycle parking, flexible work schedules, commuter information and transit schedules in a centralized location, commuter tax benefits, on-site amenities, as well as showers and lockers for employees.

For more information on the ECO Awards, visit www.commute.com/employers/ecoawards.
 

Pembroke Real Estate today announced the acquisition of the Lorenzistock building from the German developer and asset manager Bayerische Hausbau. The Lorenzistock is located in Munich’s old city and is characterised by its prime location between Maximilianstraße and Marienplatz, prominent tenants and its architecture, which is harmoniously integrated into the cityscape. This is the first acquisition in Germany for Pembroke and its affiliates.

The Lorenzistock is part of the former imperial residence Alter Hof and is located in the historic city centre between Dienerstraße and the Hofgraben, directly adjacent to the Dallmayr-Haus. The five-storey building was extensively restored and extended by Bayerische Hausbau from April 2004 to September 2006. The entire usable space totals 7,973 m2. “In Munich there are still prime locations which really deserve this designation. At locations like these, living, working and shopping will always be something special. We have recognised the Lorenzistock’s potential and brought new life to the building through our extensive restoration,” explained Kai-Uwe Ludwig, Managing Director of Investment/Asset Management at Bayerische Hausbau.

Bayerische Hausbau held the real estate on a heritable building right through Lorenzistock GmbH. Estate agents CB Richard Ellis advised the vendors. Sammler Usinger provided legal and tax counsel to Pembroke. The Lorenzistock property will be held by one of Pembroke’s affiliates Pembroke Alter Hof LLC. Pembroke acted as advisor to the affiliate in the acquisition. Both Pembroke and Bayerische Hausbau have agreed confidentiality on the purchase price.

“Lorenzistock’s outstanding location combined with its innovative and high quality architecture provides us with an ideal initial long-term investment in the Munich market,” said Johannes Haug, Senior Vice President and Managing Director for Europe at Pembroke Real Estate. “As Germany’s largest office and retail market, Munich has tremendous long-term investment potential and we look forward to being a part of the Munich business community.”

“We are delighted to have found a reliable partner in the purchaser of the Lorenzistock. Pembroke Real Estate, which will maintain the quality of this property,” commented Dr. Jürgen Büllesbach, Managing Director of Bayerische Hausbau.

From imperial residence to a modern commercial ensemble
The historic ensemble Alter Hof, with a total area of around 20,000 m2, comprises the Lorenzistock, the Pfisterstock, the Brunnenstock, the Burgstock and the Zwingerstock. From the thirteenth to the fifteenth centuries, the Alter Hof was the royal residence of the Wittelsbach family. The Lorenzistock itself was built between 1816 and 1819 as the directorate general of customs to replace the St. Lorenz chapel dating from 1224. The building suffered serious war damage in the Second World War and in 2006, under the supervision of Cologne architect Professor Peter Kulka, a new design revitalized the historic nature of the building. The design emphasised a clear distinction between the old and the new parts of the building: the existing cross-vault was, for example, exposed and a generous two-storey entrance area was created. The result is an attractive office and commercial building which has established itself as a landmark building in Munich since completion in 2006.

Division of space and micro-location
The usable space of the Lorenzistock, totaling  7,973 m2, can be flexibly partitioned and comprises 47 percent office, 34 percent medical practice, 17 percent retail and two percent storage space. A total of 20 parking spaces are available in the underground car park of the neighbouring Brunnenstock.

The location at the heart of Munich with the surrounding retail streets Maximilianstraße, Theatinerstraße, Dienerstraße, Weinstraße, Kaufingerstraße and Neuhauser Straße guarantees numerous shopping opportunities and high pedestrian traffic. The purchasing power of this microlocation is one of the highest in Europe. The property is also located in the catchment area of the UBahn and S-Bahn station Marienplatz, the U-Bahn station Odeonsplatz and tramline 19. Sufficient public parking is available in the parking garage at the opera with 427 parking spaces and the parking garage at the Hofbräuhaus with 270 parking spaces.

About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke invests FMR LLC’s (Fidelity Investments) and FIL Limited’s (Fidelity Investment Managers) private capital into superior, long term opportunities. Established in 1997, Pembroke currently manages more than 634,585 m2 / 6.7 million sf in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 50 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.

About Bayerische Hausbau
Bayerische Hausbau is one of the largest integrated real estate enterprises in Germany. With a real estate portfolio valued at around € 2.1 billion, it has a leading position, not least in its home market in Munich. Around 600 staff contribute to this success. Bayerische Hausbau combines the construction and real estate activities of the Schörghuber group. The scope of services encompasses the three business divisions project development, real estate and real estate management. This includes classical building developers’ activities, professional asset and portfolio management as well as property management. The subsidiary Hanse Haus, with its prefabricated houses, rounds off the extensive construction and real estate competence. Bayerische Hausbau is part of the Schörghuber group, which is active not only in the construction and real estate business, but also in the beverages and hotel sectors. www.hausbau.de.
 

Pembroke Real Estate and Jones Lang LaSalle today announced that Foley Hoag LLP and Nutter McClennen & Fish LLP have renewed their leases totaling 328,000 square feet, through 2021 and 2022 respectively, at Seaport West.  Managing Director William Barrack and Assistant Vice President Patrick Nugent of Jones Lang LaSalle represented Pembroke in both transactions. Charles O’Connor and Will Foley of FHO Partners represented Foley Hoag and Michael Joyce, John Barry and Thomas Ashe of Richards Barry Joyce & Partners LLC represented Nutter McClennen & Fish.

Foley Hoag and Nutter McClennen & Fish are both significant Boston-area law firms that have been Seaport West tenants since the building’s opening in 2002.

“Foley Hoag and Nutter McClennen & Fish’s decisions to renew at Seaport West show  that Seaport Place has become an established location for prominent Boston companies to conduct business in a unique waterfront setting, said Edward C. Johnson IV, senior vice president for Pembroke Real Estate. “As the neighborhood’s pioneer development, Seaport Place is now at the center of the thriving Seaport District, a continually evolving downtown community.”

Seaport West is a 575,000 square foot, 17-story, LEED® Silver certified office tower and includes the adjacent three-story podium building and elevated Westport Park, the recipient of the Green Roof Award of Excellence from Green Roofs for Healthy Cities. 

Seaport West is part of Seaport Place, Boston’s only modern waterfront business center, which also includes Seaport East, the Seaport Hotel, Seaport World Trade Center, retail shops and two parks.

Seaport Place is home to more than 5,000 workers and a variety of retail including Morton’s The Steakhouse, Aura, Tamo, Sebastians, Fresh City, Dunkin Donuts, 7-Eleven, Wave Health & Fitness Center, Boston Private Bank, Sovereign Bank, Royal White Laundry and Dry Cleaning, and Stapleton Floral. The integration of Seaport Place’s offices, hotel, meeting space and retail creates a unique experience for tenants who have access to full concierge services, a premium fitness center, additional meeting space, a 24-hour cab stand, complimentary shuttle services and multiple on-site parks. Surrounded by Boston’s newest museums and galleries, residential developments, restaurants, hotels and nightspots, Seaport Place is ideally located within a well-designed transportation hub with the MBTA’s Silver Line stop on-site, the adjacent I-90 and I-93 entrances and direct access to Logan International Airport via subway, water taxi or car.

“Seaport East and Seaport West are attractive to businesses looking for world-class offices in a downtown waterfront location,” said Jones Lang LaSalle’s William Barrack, “Pembroke’s vision for the Seaport District has become a reality with Seaport Place at the heart of a successful growing urban neighborhood.”

The Jones Lang LaSalle team of William Barrack, Rick Fahey, and Patrick Nugent represents Pembroke Real Estate in all leasing activities at Seaport Place.

About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke invests FMR LLC’s (Fidelity Investments) and FIL Limited’s (Fidelity Investment Managers) private capital into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 6.4 million sf / 600,000 square meters in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 50 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.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 2009 global revenue of $2.5 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 1.6 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 approximately $38 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.

Pembroke Real Estate, on behalf of its investors, acquired 41 Lothbury, a 156,000 sf, nine-story freehold office property in London.

Adjacent to the Bank of England, 41 Lothbury maintains a prime City of London location. The property was originally developed in 1926 as the headquarters for NatWest, was fully redeveloped in 2004 and features grade A, high quality specification. The building is comprised of office premises and a ground floor restaurant and is occupied by seven tenants. A Grade II listed building, 41 Lothbury has an historically protected façade and a portion floors 1–3 is preserved as period space. 

Pembroke Real Estate and Cushman & Wakefield of Massachusetts, Inc. today announced the signing of five new leases at 255 State Street in Boston. Representing a combined square footage of approximately 82,600 square feet, the five new tenants reflect the Class A building’s ability to accommodate a variety of occupier needs and uses. The Boston office of Cushman & Wakefield represented Pembroke Real Estate as the leasing agent for 255 State Street.

The companies who will become 255 State Street tenants are:

• Catuogno Court Reporting, a dictation and transcription services provider leasing 3,959 square feet. Catuogno Court Reporting was represented by Lauria Brennan of FHO Partners.
• PAN Communications, a public relations agency focused on technology, consumer and professional services that will lease 15,181 square feet. PAN Communications was represented by Rick Lowe, Joe Doyle and Joe Sciolla at Cresa Partners.
• Ruberto, Israel & Weiner, a business law firm leasing 15,646 square feet. RIW was represented by Matt Godoff and Karyn McFarland at Grubb & Ellis Company.
• Sappi Fine Paper North America, a producer of coated fine paper used in premium publications such as magazines, books, catalogues and high-end advertising that will lease 31,905 square feet. Debra Gould and William Anderson of Cushman & Wakefield represented Sappi Fine Paper.
• Silver Bridge Advisors, a financial advisor firm leasing 15,981 square feet. Silver Bridge was represented by John Barry at Richards Barry Joyce & Partners.

“The diversity of these new tenants highlights the broad appeal of 255 State Street,” said Edward C. Johnson IV, senior vice president for Pembroke Real Estate. “Home to Pembroke’s Boston office, 255 State Street is an ideal business location with a Financial District address, waterfront views, and easy access to highways and public transportation, surrounded by numerous retail and dining options.”

A signature Class A office building, 255 State Street uniquely connects Boston’s waterfront, the Rose Kennedy Greenway and the Financial District. In addition to being a prime downtown location, the building provides tenants with sophisticated operating systems, finishes, and unobstructed water and skyline views. 255 State Street was recognized with The Office Building of the Year (TOBY) award for 2008 in the 100,000 – 249,000 square foot category by the Building Owners and Managers Association (BOMA).

“A landmark waterfront property with high performance features, 255 State Street has generated a great deal of interest among businesses looking to move their offices within Boston,” said Debra Gould, Executive Director at Cushman & Wakefield. “With unique space available at the top of the building that features unmatched views and a rare roof deck overlooking Boston Harbor, we expect that interest to continue.”

About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke invests FMR LLC (Fidelity Investments) and FIL Limited’s (Fidelity Investment Managers) private capital into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 6.4 million sf / 600,000 square meters in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 50 percent of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.

About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 230 offices in 60 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

Pembroke Real Estate today announced it is exploring a redevelopment of properties within its Stockholm portfolio in collaboration with its tenant Nordea Bank. The properties, Hästen 22, part of Hästen 23, and Hästen 24, are located on Mäster Samuelsgatan in the CBD of Stockholm. In 2008, Pembroke acquired a portfolio of properties let to Nordea Bank on long-term leases in Stockholm, Oslo and Helsinki.

The proposed new building will be designed to meet Nordea's business requirements and improve operational efficiency, flexibility and integration with Nordea’s surrounding properties. To meet these goals, the project will replace three existing buildings with a single building comprising an estimated 34,500 square meters of usable area.

The project also seeks to include a highly sustainable design that will allow Nordea to improve the environmental performance of its operations. Pembroke and Nordea will aim to have the project recognized as the first office building in the CBD of Stockholm to achieve LEED® for New Construction 3.0 certification. Pembroke and Nordea have global experience implementing LEED, an internationally recognised green building certification system that provides building owners and operators with a concise framework for identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions. The project's city centre location and proximity to public transportation is an important component of LEED and sustainable development.

The new project also proposes a building design which intends to improve the pedestrian environment on Mäster Samuelsgatan. Pembroke anticipates coordinating with surrounding property owners to upgrade Mäster Samuelsgatan and improve its connectivity with surrounding streets.

"With our long-term ownership philosophy, we seek to work closely with our tenants on long leases and enhance the communities in which we own properties. We appreciate the opportunity to work with Nordea to investigate a project that proposes to deliver a world-class, modern and efficient working environment, improve the local streetscape, and offer leadership in sustainable design in the centre of Stockholm," stated Johannes Haug, Pembroke's senior vice president and managing director for Europe.

Tengbom is the architect on the project. “In the Stockholm CBD, there is a limited supply of integrated, environmentally-efficient buildings that are able to accommodate growing, international companies. We are pleased to work with the City of Stockholm on a project that aims to set new standards for the integration of functional efficiency and sustainable design,” said Stellan Fryxell, partner at Tengbom.

In the months ahead, Pembroke and Tengbom intend to coordinate with the City of Stockholm and other key stakeholders to determine the feasibility of the proposed project. If approved, the development project is expected to begin in 2011.

About Pembroke Real Estate Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services to our investors. Pembroke invests FMR LLC (Fidelity Investments) and FIL Limited’s (Fidelity Investment Managers) private capital into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 6.4 million sf / 600,000 square meters in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 50% of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, the firm’s dedicated team of real estate experts is committed to delivering the highest-performing, quality product in every aspect of the business. For more information, visit the company’s website: www.pembrokere.com.

Pembroke Real Estate today announced that its new Azabu Gardens development, which comprises seventeen luxury apartments, has been awarded the prestigious Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council (USGBC). Azabu Gardens becomes the first property in Japan to acquire LEED for New Construction certification, an internationally recognized standard that identifies high performance in energy and water efficiency, emissions reduction, environmental quality and resource management.

From design through the entire life cycle of the property, Azabu Gardens has been sustainably designed. Energy conservation features include high-efficiency heating and air conditioning systems, LED lighting, a green roof and double-glazed windows with Low-E glass. The property also makes use of sustainable and regionally sourced materials including bamboo and tamo wood (Japanese ash) and is landscaped with more than eighty varieties of native plants and flowers, achieving LEED credits with the application of unique Japanese materials and resources. Situated in Moto Azabu, a prime residential neighborhood in central Tokyo, Azabu Gardens is close to the business and retail districts of Roppongi, Azabu Juban, Akasaka and Kamiyacho, and within walking distance of a number of train lines, international schools and parks.

Mark Takeuchi, Senior Vice President and Managing Director of Pembroke’s Tokyo office, said, “We are delighted that Azabu Gardens has been awarded LEED certification, in recognition of the property’s energy efficient and innovative design. Achieving this award demonstrates that even in the heart of a city as densely populated as Tokyo’s, it is still possible to develop living space that adopts green features and is luxurious.” USGBC’s Senior Vice President of LEED Scot Horst added, “We are very proud to see Azabu Gardens succeeding with LEED for New Construction certification and that Pembroke is picking up the challenge of developing residential properties in Japan that are green and sustainable. It is very encouraging that acceptance of LEED’s strict green building standards continues to expand globally, and to see growing recognition in Japan of the benefits of leadership in environmental design.” Situated on a south-facing hilltop, Azabu Gardens’ innovative design maximizes natural lighting and creates other ecological benefits, such as reduced water run-off and erosion from impermeable surfaces. In addition, more than fifty percent of the site is vegetated open space, offering both private and public green spaces, which contributes to a reduction in the heat-island effect, promotes biodiversity, and improves insulation. Takeuchi added, “Azabu Gardens reflects Pembroke Real Estate’s ongoing commitment to properties with meticulous standards of design and comfort, while at the same time maintaining an environmentally sound and sustainable approach. Our unique long-term investment strategy allows us to create superior properties that not only earn competitive returns, but also increase the value of the site, enhance the community as well as our residents’ experiences.”

# ENDS #

About Azabu Gardens
Comprising 17 new luxury apartments situated on a south-hilltop, Azabu Gardens offers superbly designed rental residences with extraordinary views, expansive green spaces and extensive amenities – right in the heart of Moto Azabu, central Tokyo’s most desirable residential neighborhood. The property boasts a multitude of features and services—from a bilingual concierge and 24-hour fitness center, to gourmet kitchens and private landscaped gardens— to enhance residents’ daily life. In addition to LEED certification, the project has received equal recognition to an “A” CASBEE rating, which is the sustainable construction system in Japan. Completed in February 2010, Azabu Gardens is close full occupancy, although a small number of units remain available. For further information, please visit: www.azabugardens.com

About Pembroke Real Estate
Pembroke Real Estate is an international real estate advisor that provides investment, asset management and development services, investing private capital into superior, long-term opportunities. Established in 1997, Pembroke currently manages more than 6.4 million sf / 600,000 sqm in key markets in Europe, North America and Asia. Strongly committed to the environment through property operations and development, more than 50% of Pembroke’s portfolio is sustainably certified, or in the process of becoming certified. Pembroke acquires, develops and manages well-located assets and development opportunities in the office, residential and mixed-use sectors. Located in Boston, London, Stockholm and Tokyo, our dedicated team of real estate experts located is committed to delivering the highest-performing, quality product in every aspect of our practice. For further information, please visit: www.pembrokere.com.

About LEED
LEED is an internationally recognized green building certification system, providing third-party verification that a building or community was designed and built using strategies aimed at improving performance across the metrics that matter most: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts. Developed by the US Green Building Council (USGBC), LEED provides building owners and operators a concise framework for identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions.

Pembroke Real has established an affiliate office in Stockholm. The creation of the Stockholm office further reinforces Pembroke’s commitment to the Nordic region and our strategic objective of building and managing a pan-European portfolio. This new office will be led by Erik Gustafson, who has relocated from Pembroke’s London office to Stockholm.

Pembroke managed its first investment into the Nordics in 2008 and now oversees a 190,000 sqm / 2,000,000 sf Nordic portfolio of 13 office/retail buildings located in Stockholm, Oslo and Helsinki.

Gordon Hatton has joined the Pembroke Tokyo office as Vice President, responsible for all of the firm's developments and capital projects in Japan. Gordon is specifically focused on the Roppongi 7 Land Parcel Acquisition.

A US Green Building Council LEED Accredited Professional, 1st Class Licensed Architect in Japan and a Registered Architect in Ontario, Gordon has had exposure to a variety of projects throughout his career in Japan as well as internationally. Gordon brings 26 years of development and design experience to Pembroke, and has a solid understanding of the Japanese development market, strong local knowledge and in-depth experience delivering complex projects.

Prior to Pembroke, Gordon spent 10 years at Bovis Lend Lease Japan, during which he worked with Pembroke on our Azabu Gardens and Hikawa Gardens projects, among a variety of other award-winning projects. Gordon has also worked at Takenaka Corporation and Shimizu Corporation in Tokyo, as well as Reich & Petch Architects; Colborne Architectural Group; and Stone, Kohn, McQuire, Vogt Architects in Toronto.

Born in Canada and a permanent resident of Japan, Gordon speaks both English and Japanese fluently. In 1984, Gordon received his Master of Architecture from the University of Manitoba in Winnipeg, Canada, and his Bachelor of Environmental Studies also at the University of Manitoba in 1981. Additionally, he completed study of the Advanced Management Development Program in Real Estate at Harvard University’s Graduate School of Design in 2007. He is actively involved in the American Chamber of Commerce Japan, as Vice-Chair for the Architecture, Construction, & Engineering committee, and the Urban Land Institute.

The Bike Friendly Awards are part of Mayor Thomas Menino’s initiative to make Boston a world-class cycling city. The awards aim to provide recognition, motivation and inspiration to local businesses.

Pembroke was chosen as a bronze-level award winner for meeting a number of criteria. These include providing outdoor bike racks, making showers available on-site for cycling employees, offering bike commuter information support in the form of bicycle route maps and bike security information, bike training sessions and a Guaranteed Ride Home program with free taxi rides for cyclists in the event of an emergency, illness, unexpected overtime or extreme weather.

A number of Pembroke’s employees either walk, use public transportation or cycle to commute to work. Pembroke has created a “bike-friendly” environment for those employees who choose to cycle to work.

More than 100 employees of Seaport Place, Pembroke’s property in the Seaport District, are bike commuters and regularly participate in Seaport TMA’s cycling events, meetings and programs.

Akira Shimizu has joined Pembroke as a project manager, focusing on the firm's developments in Tokyo.

Akira brings more than 12 years of real estate investment and development experience—including investor reporting, property management and tenant leasing—to Pembroke. Prior to his current role at Pembroke, Akira was employed by GE Real Estate as a senior associate focused on acquisition and disposition. Akira also worked as a risk manager at GE Real Estate conducting investment analysis and due diligence on wide variety of asset types. Previous to GE, Akira held a number of positions at Space Design Inc. in Tokyo ranging from internal design team to development project manager. The majority of these projects were residential, and Akira was responsible for not only the actual development but also for starting up property operations on the completed assets.

Akira received his Bachelor of Architecture from Carnegie Mellon University in the United States. He is a licensed real estate broker (Takuchi Tatemono Torihiki Shunisha) as well as a Certified Master of the Association of Real Estate Securitization.