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December 24, 2008 -
Front Section
According to Pembroke Real Estate, the real estate investment and development advisor for Fidelity Investments (FMR LLC) and developer of the Seaport World Trade Center Complex, and Jones Lang LaSalle, Pembroke's leasing agent, tenants AEW Capital Management, LP and Seyfarth Shaw LLP have renewed their leases totaling 150,000 s/f through 2020 and 2021, respectively, at World Trade Center East in Boston's Seaport District. JLL managing directors William Barrack and Bill Collins represented Pembroke.
AEW, an international real estate investment advisory firm, and Seyfarth Shaw, a national law firm, have been tenants in the 16-story building since its opening. World Trade Center East is 100 % leased.
"The decision for AEW and Seyfarth to renew at World Trade Center East is a reflection of the development, as well as the success of the expanding neighborhood," said Edward Johnson, senior vice president, North America for Pembroke Real Estate.
Pembroke Real Estate & JLL extend WTC East leasing./WTC East is a 504,000 s/f mid-rise, class A office tower and the first office building in Boston's Seaport District. The building is part of the Seaport World Trade Center Complex, a 2.26 million s/f mixed-use development that also includes World Trade Center West, the World Trade Center Boston and Seaport Hotel.
World Trade Center West consists of 586,000 s/f and has been recognized for a variety of architectural awards, including the 2003 Associated General Contractors of America (AGC) Honor Award and the 2004 New England Sectional IESNA (International Illumination Design) Award. Combined, World Trade Center East and West have more than 68,000 square feet of retail space. Retail tenants include Morton's The Steakhouse, Sebastians Café and Interactive Kitchen, Fresh City, and the child care, early education provider Bright Horizons Family Solutions. Tenants also have access to a wide variety of amenities, including on-site concierge services, dry cleaning and laundry services, a unique, open atrium seating area, and the Eastport and Westport Parks.
The Seaport World Trade Center Complex is home to more than 6,000 workers and attracts another one million people per year through over 1,500 conferences and events. The buildings are ideally situated adjacent to the entrance to the Ted Williams Tunnel, which provides direct access to Logan International Airport and the Massachusetts Turnpike extension, offering commuters from south and west
of Boston direct connections to the Seaport District. In addition to Pembroke's properties, the Seaport District is currently home to the Boston Convention & Exhibition Center, the Institute of Contemporary Art, more than 30 restaurants, two additional hotels, hundreds of other small and large businesses, and nearly 1,000 residential units.
Pembroke Real Estate currently manages more than 5.4 million square feet of commercial and residential space worldwide, including more than 2.4 million square feet in the U.S. Pembroke's Boston portfolio includes more than 1.7 million square feet of commercial and residential space.
Jones Lang LaSalle represents Pembroke Real Estate in all leasing activities at World Trade Center East and West.