News: Owners Developers & Managers

CBRE/New England earns three Mid-Atlantic BOMA TOBY awards for 501 Boylston St., 177 Huntington Ave. and ONE Marina Park Dr.

Boston, MA According to CBRE/New England, 501 Boylston St., 177 Huntington Ave. and ONE Marina Park Dr., won Mid-Atlantic BOMA TOBY awards in their respective categories.

The Office Building of the Year award (TOBY) is bestowed upon buildings on a local, regional and international basis and the Building Owners and Managers Association (BOMA) considers these winners to be the “best of the best” in property management, building operations and service in the real estate industry in several categories. BOMA Boston award winners moved onto the regional competition, which took place on April 6-7 in Hershey, Penn. These buildings will advance to the BOMA International TOBY Awards on June 27 in Nashville.

501 Boylston St., regional winner in the Historical Building category, serves as a connector between Boylston and Newbury Sts. The former MIT building site, comprising of nearly an entire city block, has served as the home to major financial institutions such as New England Mutual Life Financial, Met Life and currently serves as home to one of the world’s largest learning companies, Pearson Education. Recently, TH Real Estate has transformed the identity of the formerly Met Life occupancy, into a reenergized and elegant structure, providing a location for companies seeking amenities and accessibility. Located in the city’s premier retail and business destination, 501 Boylston St. marks the crossroad for commerce and convenience. CBRE/NE’s Nick Trocki, William Wrang, Gus Galotti, Joe Bassick, Will Carruthers, John Thompson, Peter Smith and Dimitri Ross comprise the 501 Boylston St. asset services team.

177 Huntington Ave. was a regional winner in the Renovated Building category. Renovations for the 28-story building began in 2012, after the building was acquired by the current ownership, Beacon Capital Partners. With $20 million in capital improvement costs, projects included a new lobby, main entrance, a café, a utility separation from the church’s campus including a new chilled water plant, satellite dish removal and the construction of a tenant amenity center that includes a fitness center, locker rooms and a conference room. Life safety capital improvements covered a full elevator and escalator modernization, a full façade project, a new emergency generator, a new steam service along with garage entry improvements. CBRE/NE’s Harrison Smith, Steve Verity, Jeronimo Madrid and Faith Farnham comprise the 177 Huntington Ave.  asset services team.

ONE Marina Park Dr. took home the regional award for the 250,000-499,900 s/f Building category. Rising along the waterfront, the 18-story property owned in a joint venture by The Fallon Co. and Barings Real Estate Advisers, was the first building of its kind developed at Fan Pier, an eight-parcel waterfront site located in the Seaport District. The property separates itself from its competition by its modern design, two LEED certifications, waterfront access and open public green spaces. In addition, the building offers a tenant fitness center, outdoor and lobby Wi-Fi connectivity, a Hubway bike station and shower stalls on every floor plate to encourage exercise and alternative commuting. CBRE/NE’s Shawn Carroll, Gillian Dudeck, Andrew Blouin, Dave Martin, Ryan Donoghue, Tony Schiavone and John Taylor comprise the ONE Marina Park Dr. asset services team.

CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

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