Cushman & Wakefield to provide management services for Skanska's 121 Seaport

January 05, 2018 - Owners Developers & Managers

Boston, MA According to Cushman & Wakefield, Skanska has chosen its asset services team to provide property management and engineering operations for 121 Seaport, a class-A office and retail building.

“This accomplishment is a testament to the power of teamwork, preparation, local experience and our national platform,” said Carolyn Sidor, managing principal. “We send a powerful message to the Boston market that Cushman & Wakefield provides a complete suite of services for the entire lifecycle of properties.”

The 17-story, 400,000 s/f building is scheduled to be completed in April and is targeting LEED Platinum certification. The building’s design includes smart, flexible office floor plates and two floors of retail. In September, according to Skanska, the office space was fully leased to PTC and Alexion Pharmaceuticals.

121 Seaport is within the city’s Seaport District, on one of the city’s most sustainable blocks, which is home to Skanska’s 101 Seaport and Watermark Seaport developments. 

The building’s distinctive elliptical design features sweeping views of Boston Harbor, and will enhance the area’s architectural landscape, maximize the skyline visible from Seaport Square Green, and reduce solar heat gain when completed. 121 Seaport is also highly commuter friendly, adjacent to the MBTA’s Silver Line, a block away from I-93 and I-90 access ramps, and within walking distance from South Station. It offers direct access to countless neighborhood amenities such as public parks and various retail offerings, and features indoor bicycle parking as well as underground, secured parking spaces.

“We are excited to partner with Cushman & Wakefield as we near the completion of 121 Seaport and prepare to welcome our first tenants to the building. We are confident they will help deliver our vision for the project as a symbol of innovation and sustainability, by providing exceptional, thoughtful service to our tenants as they make this state-of-the art office their new home,” said Skanska Executive Vice President Charley Leatherbee.

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Their 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 

Skanska USA is one of the largest, most financially sound construction and development companies in the U.S., serving a broad range of clients including those in transportation, power, industrial, water/wastewater, healthcare, education, sports, data centers, government, aviation and commercial. Headquartered in New York with offices in 31 metro areas, we have more than 10,000 employees committed to being leaders in safety, project execution, sustainability, ethics and people development. In 2016, their work in building construction, civil and power/industrial construction, commercial development and infrastructure development (public-private partnerships) generated $6.8 billion in revenue.

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