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New Phase for N. Andover Industrial/Flex Bldg //Bay State Water Works Keeps It In the Family //PSI Buys Cohasset Parcel for Self-Storage //Ferncroft CC in Middleton Has New Owner //Fig City Parcels to Become Mixed-Income Apts // New Phase for N. Andover Industrial/Flex Bldg //Bay State Water Works Keeps It In the Family //PSI Buys Cohasset Parcel for Self-Storage //Ferncroft CC in Middleton Has New Owner //Fig City Parcels to Become Mixed-Income Apts // New Phase for N. Andover Industrial/Flex Bldg //Bay State Water Works Keeps It In the Family //PSI Buys Cohasset Parcel for Self-Storage //Ferncroft CC in Middleton Has New Owner //Fig City Parcels to Become Mixed-Income Apts //

Cresa, Jones, Lange Lasalle Broker 15,000SF Hub Lease

October 28, 2010

BOSTON — Close proximity to the lush Rose Fitzgerald Kennedy Greenway is among several tenant benefits stemming from a new seven-year lease by The Nature Conservancy at 99 Bedford St. Consolidating its Massachusetts operations from two other Hub locales, the organization will relocate to Plymouth Rock Assurance’s five-story property in early 2011, conveys Ted Wheatley of Jones Lang LaSalle,
exclusive leasing agents for the historic structure that dates to 1899. “It’s nice and very unique space,” JLL’s senior vice president says of the full-floor availability on 99 Bedford St.’s top level, the only block remaining in the structure and a layout that “fit hand in glove” with tenant specifications, he says. SVP Brad McGill joined Wheatley in negotiating for Plymouth Rock.

CresaPartners principal James M. Topper and AVP Brandon Leitner were agents for The Nature Conservancy, whose Bay State offices are
split between 11Avenue deLafayette a few blocks away, and also at 205 Portland St. in North Station. Depression of the Central Artery viaduct
has brought the greenway nearly to 99 Bedford St.’s door step, and veteran broker Wheatley concurs that the area has improved dramatically in recent years from a livability standpoint. That healthier atmosphere fits in with the conservancy’s mission “to lower (its) carbon footprint and create a greener workplace,” according to Associated Director of Operations Megan Connerton. Founded in 1951, the
entity touts itself as the leading worldwide onservation organization. Advocates of transitoriented development would be hard-pressed to find a better venue.

The property is across the street from South Station in one direction and an entrance to the Green, Orange and Red Lines at Downtown
Crossing a few blocks west. “Access was very important,” says Wheatley of the tenant mandates in finding a new home. Whatever the recipe, 99 Bedford St. is now 100 percent occupied, reports Wheatley. JLL also represents Plymouth Rock on its 695 Atlantic Ave. headquarters around the corner in the Leather District.

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