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A Compendium of Property & Capital News
Jan 18
A Compendium of Property & Capital News

Award-Winning Building Gains New Tenant Line-Up; Invesco and CBRE/NE Complete 6 Leases

June 26, 2017 - By The Real Reporter
179 Lincoln Street, Boston MA

BOSTON—Invesco Real Estate and CBRE/New England recently completed six leases totaling 70,000 SF at 179 Lincoln on the Greenway in downtown Boston. The new tenants include 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).

CBRE/NE’s Tim Lyne and Tim Howe represented the landlord in all the transactions. Meanwhile, JLL’s Ben Heller and Patrick Nugent represented Power Advocate, a market-leading energy intelligence company, in a long-term renewal that extends the firm’s presence at the property since its establishment in 2008. E.M. Duggan, a provider of full-range pre-construction services, also continued its lease but decided to expand its current space.

Unlike Power Advocate’s and E.M. Duggan’s long history with the building, Smartsheet, a growing tech firm out of Bellevue, WA, gains a new home with the help of Avison Young’s Larry Epstein and the Broderick Group’s Jim Kinerk. Similarly, Cresa’s John Coakley and Paul Delaney represented XPO Logistics, a provider of transportation and logistics services, in its relocation from West Cambridge. OUTFRONT Media, one of the largest out-of-home media companies in North America, also relocated from its nearby office in Norwell with the representation of CBRE/NE’s John Butterworth and Nick Amarante. Finally, adding another tech firm to the mix, 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.

Invesco’s leadership team took pride in the deals, knowing that the building’s strategic location and amenities would make it desirable. “We are pleased with the recent leasing success at 179 Lincoln Street,” commented John Kiernan, Asset Management Director for Invesco Real Estate. “The building’s location, a full complement of amenities and highly efficient floor plates make it an outstanding opportunity for today’s tenants.”

The building has also been honored with many awards in recent years. In addition to receiving the LEED Core & Shell Silver certification by the United States Green Building Council (USGBC), 179 Lincoln Street has been awarded 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, it is among the first LEED-certified historic renovations in Boston. The property was also recognized for a BOMA (Building Owners and Managers Association) Boston TOBY (The Building of the Year) award in 2014.

Tim Howe Tim Lyne Jim Kinerk Larry Epstein