Invest in real estate Go beyond cost and risk mitigation. Heller and associate Bobby Jangro also negotiated on behalf of Perkins Eastman, an international planning, design, and consulting firm.Heller said, “With recent renovations to the lobby and common areas, 20 Ashburton Place has truly been transformed. Surrounded by some of the area’s major institutions and across from the State House, the property is uniquely positioned in one of Boston’s most historic yet rapidly changing neighborhoods, and offers unparalleled access to all major MBTA lines.”Faros Properties is a real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Manage property & portfolio PATRICK NUGENT +1 617 531 4151 Patrick.Nugent@am.jll.com Faros primarily targets core investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to family-owned operations. Mr. Benjamin Heller joined JLL as a real estate broker in 1998 and is the Director of the Downtown Boston Team. See why Boston is leading the charge on a national stage. JLL managing directors Ben Heller and Tom O’Regan and senior vice president Kelly Lockberg represented the building’s owner Faros Properties in the lease transactions. The renovations reflect luxurious comfort showcasing tailored finishes that highlight existing classic architectural elements while adding a modern aesthetic. With the addition of these new tenants, the building is now 90% leased.“We are thrilled to welcome these four companies to 20 Ashburton,” said Alexander Leventhal, managing partner of Faros Properties. Perkins Eastman leased 13,300 s/f, Beacon Hill Staffing leased 8,103 s/f, Seed Global Health leased 6,200 s/f, and Wegowise secured 4,200 s/f. It has seen 24 percent job growth over the last three decades.Innovative companies like Wayfair are scooping up space amidst intense competition.Wayfair, which is headquartered in Boston, grew from less than 100,000 square feet to over 1,000,000 square feet in just five years.Boston’s office market is also more diversified than many other cities. Heller and associate Bobby Jangro also negotiated on behalf of Perkins Eastman, an … Being less reliant on one sole industry leaves the city potentially less exposed to any future downturn.“Other cities across the country are thriving too, but most of them are dominated by a single industry,” says Frank Petz, who leads a Capital Markets team in Boston for JLL. 451 D Street offers a brand-new 3,000 SF Wi-Fi-enabled tenant amenity center featuring lounge areas, kitchen, games and conference center. Ben concentrates his efforts on representing landlords and tenants in the Downtown Boston market. Faros and its predecessor companies trace their roots to family-owned operations. United States Office Outlook – Q2 2020
Low vacancy and a limited pipeline coupled with one of the most diversified workforces in America makes Boston’s central business district office market unique among its peers, and well placed to see out the end of the current cycle.Boston’s CBD is sitting at just 6.8 percent vacancy as of the fourth quarter of 2018. Ben Hellers Motherwell, Rothko and Tomlin. The renovations reflect luxurious comfort showcasing tailored finishes that highlight existing classic architectural elements while adding a modern aesthetic.
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