Invesco Real Estate Secures Six Leases Totaling 70,000 SF in Downtown Boston

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Boston – Invesco Real Estate, a global real estate investment manager, and CBRE/New England today announce the completion of six leases totaling ±70,000 SF at 179 Lincoln on the Greenway in downtown Boston. Power Advocate (22,710 SF, renewal), Smartsheet (19,283 SF, new), XPO Logistics (13,470 SF, new), OUTFRONT Media (7,184 SF, new), E.M. Duggan (5,550 SF, expansion) and AMCS Group (2,687 SF, new) all signed at the building.

“We are pleased with the recent leasing success at 179 Lincoln Street,” added John Kiernan, Asset Management Director for Invesco Real Estate. “The building’s location, full complement of amenities and highly efficient floor plates make it an outstanding opportunity for today’s tenants.”

CBRE/NE’s Tim Lyne and Tim Howe represented the landlord in all the transactions. JLL’s Ben Heller and Patrick Nugent represented Power Advocate, a market-leading energy intelligence company, in a long-term renewal that extends their presence at the property since its inception in 2008. Avison Young’s Larry Epstein and the Broderick Group’s Jim Kinerk represented Smartsheet, a growing tech firm out of Bellevue, WA. Cresa’s John Coakley and Paul Delaney represented XPO Logistics, one of the world’s top providers of transportation and logistics services, in their relocation from West Cambridge.

CBRE/NE’s John Butterworth and Nick Amarante represented OUTFRONT Media, one of the largest out-of-home media companies in North America, in their relocation from Norwell. E.M. Duggan, a provider of full-range pre-construction services, expanded their current footprint. JLL’s Tom O’Regan represented AMCS Group, a leading supplier of integrated software and vehicle technology for the waste, recycling and material resources industries.

Located in the heart of a vibrant 24-hour neighborhood overlooking the Rose Fitzgerald Kennedy Greenway, 179 Lincoln provides outstanding visibility, superior vehicular access in all directions including access to Boston’s Logan International Airport, and is within easy walking distance to South Station. The 2016 ENERGY STAR-awarded building recently underwent a dramatic transformation and is now equipped with modern interiors, upgraded building systems, a new entrance and lobby, fitness and below-ground parking. In addition to having been awarded the LEED Core & Shell Silver certification by the United States Green Building Council (USGBC), 179 Lincoln Street has been honored with the Preservation Achievement Award for the Best Adaptive Use of Historic Industrial Space by the Boston Preservation Alliance. Initially constructed at the end of the 19th century, 179 Lincoln Street is among the first LEED-certified historic renovations in Boston. The property has also been recognized for a BOMA (Building Owners and Managers Association) Boston TOBY (The Building of the Year) award in 2014.

 

Invesco Real Estate is a global leader in the real estate investment management business with $66 billion in real estate assets under management, 451 employees and 21 regional offices across the U.S., Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc. which is an indirect, wholly owned  subsidiary of Invesco Ltd., (NYSE: IVZ), one of the largest investment management firms in the world with $834.8 billion in assets under management and on-the-ground presence in 29 cities worldwide. Information as of March 31, 2017.

 

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