JLL tapped to lead leasing efforts for Riverworks
Paradigm hires new leasing team for Watertown Class A asset
BOSTON, Jan.10, 2023 – JLL announces today that it has been awarded the leasing of Paradigm and an institutional investor’s premier asset. Renovated to accommodate innovative companies, Riverworks is comprised of three interconnected buildings totalling 202,000 SF of brick and beam Class A space that is flexible for a variety of users.
“Riverworks is an incredible and valuable opportunity for companies to have a first-class workspace that brings modern amenities into a historic building,” said Chris Decembrele, Managing Director at JLL. “With expansive window lines, high ceilings, substantial power and a collaborative environment, Riverworks is a unique and creative workspace for companies looking to execute on their cutting-edge ideas and solve real challenges.”
Uniquely positioned, Riverworks is currently the only Class A office space available in Watertown and features a picturesque and accessible location along the banks of the Charles River. The historic former mill complex has hosted some of New England’s most legendary manufacturing companies and now presents opportunity for the makers and tough-tech tenants of today’s market. Riverworks pairs a robust infrastructure with modernized building systems to meet the needs of the most forward-thinking Office and R&D companies. Recently renovated onsite amenities include a full-service cafeteria, fitness center, interior courtyard, and ample parking.
The property is well located to various transit options, including the Mass Pike, and a short drive into downtown Boston and the neighbouring towns of Cambridge and Somerville. Tenants will also have access to the MBTA, with a bus stop in front of the building.
The JLL agency leasing team representing Riverworks is comprised of Managing Director Chris Decembrele, Senior Managing Director Ben Coffin, Vice President Rob Mahoney, and Associate Hannah Kiernan.
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 $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Paradigm
Formed in 1997 to acquire, develop, and manage commercial real estate assets, Paradigm Properties specializes in providing strategic solutions to unique real estate challenges and in capitalizing on investment opportunities. For over 23 years, Paradigm has successfully provided singularly client-focused investment and management services for our investors, our partners, and our clients.
As a company, Paradigm takes an innovative approach to meeting the real estate needs of clients who range from institutional investors and private equity groups to non-profit organizations and academic institutions. At present, Paradigm owns and manages for third parties 4.3 million square feet of Office and Industrial properties in the North East and Upper Mid-West, with a focus on assets in urban and urban in-fill markets.
Paradigm operates from our headquarters in Boston, MA, with regional offices in Columbus, OH, and Hartford, CT.
Contact: Chris Decembrele
Phone: + 1 617 316 6452
Email: Christopher.Decembrele@JLL.com