Boston Properties Announces Renewal and Expansion of 10-Year Lease with Wellington Management at Atlantic Wharf | Business
BOSTON – (BUSINESS WIRE) – September 29, 2021–
Boston Properties, Inc. (NYSE: BXP), the largest developer, owner and manager of Class A office buildings in the United States, and its partner Norges Bank Investment Management announced today that Wellington Management has signed a long-term lease renewal contract at Atlantic Wharf located at 280 Congress Street, Boston, Massachusetts. The 524,000 square foot 10 year lease will begin in 2026 and include a 66,000 square foot extension to the building that will begin in 2022. Wellington, one of the world’s largest independent asset managers, has its has been headquartered at Atlantic Wharf since the building opened. in 2011, and will occupy 22 floors of the 31-story building.
Atlantic Wharf, designed as Boston’s “first green skyscraper”, is in line with Wellington’s long-standing commitment to investment and sustainable practices. LEED “double platinum” certified for building design and construction as well as for operation and maintenance by the US Green Building Council, the building has a rain collection system designed to save over $ 12, 5 million gallons of water per year and a green roof. which houses four beehives that produce honey which is offered to building occupants and to the community. The building was ENERGY STAR certified in 2020 and received the 2012 ULI Global Awards for Excellence. In addition, Wellington’s office space has received LEED “Gold” certification for interior design and construction.
Atlantic Wharf includes AquaFence portable storm barriers, which the company purchased in 2018 to protect the property from the risk of flooding caused by storms on the Boston waterfront. BXP was one of the first developers to activate AquaFence and Wellington’s support was essential in securing City approvals for this climate resilient technology. Today, at least a dozen Boston Waterfront properties have added AquaFence to their emergency management plans.
Atlantic Wharf is known for its diverse community programming and hosts over 100 public events per year, including community gatherings, fitness classes and children’s festivals, many of which are in partnership with local organizations such as Boston Harbor Now , “E” inc., InnerCity Weightlifting, Ohana New England, Save the Harbor Save the Bay, Brown Box Theater Project and BSA Space. Atlantic Wharf has been recognized by several neighborhood associations as an example of successful and cohesive community programming and received the 2017 Onboard Award from Boston Harbor Now.
“From day one, Wellington has been an extraordinary partner and supporter in our commitment to sustainable innovation and providing diverse public programming and waterfront access,” said Bryan Koop, Executive Vice President, Region of Boston, BXP. “Wellington’s long-term commitment to Atlantic Wharf, Fort Point Channel and the city of Boston is extremely important, and we look forward to another ten years of successful innovation and community outreach. “
Located on Boston’s waterfront, Atlantic Wharf is just steps from the Rose Kennedy Greenway and Boston Harbor. The property includes a 790,000 square foot office tower, creative office space, residential units, underground parking, a waterfront plaza and on-site retail businesses including restaurants Nebo, Sorelle, Smith & Wollensky and Trade. Atlantic Wharf is easily accessible from I-90 and I-93 and is located less than two blocks from South Station, one of Boston’s largest bus and subway stations, Amtrak and MBTA.
About Boston Properties
Boston Properties (NYSE: BXP) is the largest developer, owner and manager of Class A office buildings in the United States, focused in six markets – Boston, Los Angeles, New York, San Francisco, Seattle and Washington, DC . The Company is a fully integrated real estate company, organized as a Real Estate Investment Trust (REIT), which develops, manages, operates, acquires and owns a diversified portfolio of primarily Class A offices. Including properties held by non-joint ventures. consolidated, as of June 30, 2021, the Company’s portfolio totaled 51.5 million square feet and 197 properties, including nine properties under construction / redevelopment. For more information on Boston Properties, please visit our website at www.bxp.com or follow us on LinkedIn or Instagram.
About Norges Bank Investment Management
Norges Bank Investment Management is the asset management division of Norges Bank, the Norwegian central bank. As the manager of the Government Pension Fund Global, his mission is to safeguard and create a financial wealth for future generations in Norway.
The fund is invested globally in equities, fixed income securities, real estate and renewable energy infrastructure. It had investments worth 11,673 billion crowns, or $ 1,350 billion, as of June 30, 2021.
The fund holds approximately $ 32 billion in direct real estate investments, totaling nearly 800 assets in 13 countries. In the United States, the fund has direct real estate investments in 22 million square feet of office and retail buildings in New York, Boston, Washington DC and San Francisco.
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted advisor to over 3,200 clients in over 60 countries. The company manages over US $ 1 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers and other clients. As a private partnership whose sole activity is investment management, the company is able to align its long-term views and interests with those of its clients. The company offers comprehensive investment management capabilities that cover almost all segments of the global financial markets, including equity, fixed income, multi-asset and alternative strategies. For more information, please visit wellington.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210929005995/en/
CONTACT: To the company: Laura Sesody
Vice-President, Corporate Marketing and Communication
Rebecca Stoddard
Marketing Director, Boston Area
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL AND REAL ESTATE BUILDING CONSTRUCTION AND PROPERTY PROFESSIONAL SERVICES FINANCE
SOURCE: Boston Properties, Inc.
Copyright Business Wire 2021.
PUB: 09/29/2021 6:37 PM / DISC: 09/29/2021 6:38 PM
http://www.businesswire.com/news/home/20210929005995/en
