Businesses continue to invest in and return to prime office space in downtown Boston
News release
26 July 2022
Eleven new leases signed at One Marina in Boston
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BOSTON, July 27, 2022 – JLL and Clarion Partners announced today that eleven new leases, totaling over 333,000 square feet, have been signed at One Marina Park Drive in the last 12 months. The nearly 500,000 square foot multi-tenant Class A office tower, owned by a commingled fund managed by Clarion Partners, is located in the heart of Boston’s Seaport District with direct access to the waterfront and Fan Pier Park. The tenants represent a variety of different industries, including finance, technology, legal and real estate.
Select leases include:
Fish & Richardson leased approximately 57,000 square feet
Akebia leased approximately 28,000 square feet
Gunderson Dettmer leased approximately 62,000 square feet
Northeast Bank leased approximately 22,000 square feet
Compass Group leased approximately 14,000 square feet
Noble Supply & Logistics leased approximately 13,000 square feet
Analog Photonics leased approximately 12,000 square feet
Constructed in 2010, One Marina offers modern, open floor plans and floor to ceiling windows that allow tenants to enjoy sweeping city and harbor views. The location of the building is highly sought after as the Seaport District continues to grow, adding more office, lab, residential units, and hotels to an already robust array of entertainment amenities.
“One Marina is an incredible asset and checks all of the boxes for what employers and employees want with respect to on-site amenities, a healthy work environment with an emphasis on sustainability, as well as the most exciting ecosystem in all of Boston” said Bryan Sparkes, Managing Director at JLL. “Employers have a lot to consider in today’s market but we’re believers that the trend of top caliber companies striving to deliver the best possible work environment for their employees is an enduring by-product of the last two years.”
The Seaport office market has been thriving so far in 2022. According to JLL research, occupied office space in the Seaport District has increased by more than half a million square feet year to date, a number that is three times higher than any other market in the city.
“One Marina sits at the heart of the action in the Seaport,” said Brian Collins, SVP at Clarion Partners. “The accessibility to amenities, various transit options, and the variety in offerings of entertainment venues make the building a fantastic place for tenants to enjoy the work-play-live lifestyle of this district.”
The JLL agency leasing team representing One Marina Park Drive is comprised of Managing Directors Bryan Sparkes, Patrick Nugent and Ben Heller.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Clarion Partners
Clarion Partners, LLC has been a leading real estate investment manager for 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $75.9 billion in total real estate equity and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. More information about the firm is available at www.clarionpartners.com.