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Office Space Tied Up at Cresset’s Liberty Wharf

February 17, 2012

BOSTON — Much like the diners streaming from its four full-service eateries, Liberty Wharf’s office space is full. The new mixed-use project built at the home of former Boston Harbor landmark Jimmy’s Harborside Restaurant has executed a trio of leases to plug the remaining 7,300 sf of first class office product, landlord Cresset Development announced this week in a press release that even includes accolades from Boston Mayor Thomas M. Menino.

“Liberty Wharf has grown to become one of the most popular destinations in Boston,” the Mayor declares in a prepared statement that also touts the administration’s Innovation District concept for the 1,000-acre Seaport submarket. Liberty Wharf firms “join more than 100 companies and 3,000 jobs that have moved to the area since 2010,” relays Menino, whose biggest coup to date has been the relocation of Vertex Pharmaceuticals to nearby Fan Pier.

Assisted by exclusive leasing agent Jones Lang LaSalle, Cresset secured an expansion of 3,200-sf by existing denizen famaPR, whereas RStudio took 2,200 sf and Hayes Bostock and Cronin LLC in a 2,000-sf commitment, opening a Boston branch to their law firm that is presently in Andover. JLL Managing Director Bill Motley teamed with VP Katharine Small and Associate Ben Hux in negotiating the Liberty Wharf deals for Cresset. RStudio was represented by Richards Barry Joyce & Partners VP Patrick Buckley, whereas Newmark Knight Frank Senior Managing Director James Griffin advised Hayes Bostock and Cronin.

Occupancy for all three tenants is slated for early Q2. “I am pleased that the final pieces are in place for this remarkable project,” offers Motley of a 73,000-sf structure that features 28,000-sf of boutique office space overlooking Boston Harbor. Lease terms were not divulged for the Liberty Wharf signings.

By whatever measure or milestone, “Liberty Wharf turned out just as we intended,” Cresset President Edward G. Nardi remarks in the release celebrating the 100 percent accomplishment. Acknowledging that the firm took a risk in replacing “a Boston institution,” Nardi says he believes the robust results on both the offices and 45,000-sf of eternally bustling restaurant space shows the concept “has become a vision realized.”

Designed to be LEED-certified, Liberty Wharf was created by David Manfredi of Elkus/Manfredi Architects and includes a combination of glass and Angelique, a sustainable, teak-like wood from South America. It is set entirely over the water on pilings, notes the press release that also highlights a 570-foot long addition to the Boston HarborWalk. Restaurants that have been a particular hit include Remy’s, Temazcal, Del Frisco’s and Legal Harborside, a flagship Legal Sea Foods eatery on three levels and sporting an outdoor space.

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