The Parthenon Group has signed a 46,000 s/f lease at 50 Rowes Wharf. The firm will occupy the first class office
space on floors five and six in the building owned by Equity Office Properties. Rowes Wharf, offers 345,000 s/f of
first class office space with views of Boston Harbor.
Jones Lang LaSalle (JLL) managing directors Bill Barrack and Ben Heller
represented the tenant.
"Rowes Wharf reflects our corporate culture and quality image," said
The Parthenon Group's chairman and managing partner Bill Achtmeyer.
"Jones Lang LaSalle was armed with superior market information and
analysis enabling us to make the right decision for our future."
The Parthenon Group is moving from its current 200 State St.
location where it has been since 1994. Their occupancy at Rowes Wharf
is scheduled to begin in early 2013.
Rowes Wharf is one
of the city's iconic properties with 345,000 s/f of first class
office space, 230-room four-star hotel, 100 luxury condominiums, and
world class marine facilities overlooking both Boston Harbor and the
Rose Kennedy Greenway. Known for its unique archways, copper dome
observatory, and classic brick and granite façade, the five-acre site
also features extensive open space and an attractive brick and granite
plaza.
"We are thrilled that The Parthenon Group has chosen Rowes Wharf to
house their business for years to come," said Andrew Maher, managing
director of leasing at Equity Office. The Parthenon Group will be
joining companies such as GMO,
Goulston & Storrs, JP Morgan, Tudor Investments and Rubin & Rudman LLP.
"After carefully examining the factors that were important to
Parthenon, Rowes Wharf met all of their objectives," said BenHeller,
managing director of JLL. "The property has an upscale
image, the solid ownership of Equity Office Properties, every amenity
for their clients and employees, efficient and high functioning
offices, unique outdoor space, and the best views of the harbor and
skyline."
About The Parthenon Group
The Parthenon Group is a
leading advisory firm focused on strategy consulting with offices in
Boston, London, Mumbai, and San Francisco. Since its inception in
1991, the firm has embraced a unique approach to strategic advisory
services built on long-term client relationships, a willingness to
share risk, an entrepreneurial spirit, and customized insights. This
unique approach has established the firm as the strategic advisor of
choice for CEOs and business leaders of Global 1000 companies,
high-potential growth companies, private equity firms, educational
institutions, and healthcare organizations.

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About Equity Office

Equity Office owns and operates a national portfolio of premier office
buildings in major metropolitan markets across the country. The
company is owned by an affiliate of The Blackstone Group, a preeminent
global private equity firm. Equity Office was acquired in 2007,
bringing Equity Office's portfolio together with other Blackstone
office asset holdings, primarily from its acquisitions of CarrAmerica
Properties and Trizec Properties. Integrating these predominantly
Class A properties under one name - Equity Office - provides
Blackstone with an unparalleled real estate platform for future office
investments. Our goal is to leverage our national platform to
facilitate the seamless acquisition and transition of properties into
and out of the portfolio, in support of Blackstone's real estate
investments philosophy. We actively manage our assets to ensure not
only the best possible customer experience, but also gainful returns
for Blackstone's investors. Equity Office is headquartered in
Chicago, IL, and has approximately 750 employees.
www.equityoffice.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 $47.9 billion
of assets under management. For further information, please visit our
website, www.joneslanglasalle.com.