WS Development and PSP investments announce major office lease with Amazon in Boston Seaport

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May 1, 2018 -- Boston, MA

WS Development, in partnership with PSP Investments, today

joined Amazon, Boston Mayor Martin J. Walsh, and Massachusetts Governor Charlie Baker in

announcing that a lease for 430,000 square feet of office space at the company’s 23-acre Boston

Seaport development has been signed with Amazon.

 

“We are proud to welcome Amazon to Boston’s Seaport, a neighborhood that has grown to serve

forward-thinking employers, residents, and retailers and which has now become a global hub of innovation and talent” said Jeremy Sclar, President of WS Development.

 

“PSP Investments is pleased to join our partner WS Development in welcoming Amazon to

Boston’s Seaport. Amazon’s presence will further strengthen the innovation ecosystem and

creative economy in this burgeoning technology cluster” said Kristopher Wojtecki, Managing

Director, Real Estate for PSP Investments.

 

Amazon will occupy all of the office space in the building to be constructed on Block L4 of the

Boston Seaport development, a 17-story mixed-use building designed by a collaboration of

Gensler’s San Francisco and Boston offices (rendering attached). The building will house

approximately 2,000 Amazon employees once completed.

 

The 525,000-square foot building will also contain two levels of retail and will front on Harbor

Square park, a 1.5-acre signature park designed by James Corner Field Operations, the landscape

architect behind New York’s High Line.

 

WS Development expects the project to start construction later this year and be completed in 2021.

 

The development of the building housing Amazon’s new offices will also result in the construction

of numerous district-wide transportation improvements, including new protected bicycle

infrastructure, a new MBTA Silver Line headhouse at Courthouse Station, and numerous

streetscape improvements throughout the Seaport that will significantly improve district-wide

mobility and the quality of the public realm in the Seaport neighborhood. The project will also

fund approximately $4.4 million dedicated to the creation of affordable housing in Boston, as well

as $875,000 of funding for job training in the City of Boston, providing opportunities for Amazon

to work with the city’s Workforce Development team to prepare local residents for jobs in the

technology industry.

 

About Boston Seaport

Culture, industry, and community converge making Boston’s Seaport district a dynamic and

vibrant area that is quickly emerging as one of the most exciting neighborhoods and destinations

in the country. Currently Boston’s single largest development project under construction, the

Boston Seaport development is transforming 23 acres of land with a carefully selected mix of 7.6

million square feet of residential, hotel, office, retail, entertainment, civic and cultural uses, as well

as signature public open spaces. The Boston Seaport development is already home to dozens of

new retailers such as L.L. Bean, Bonobos, Warby Parker, Lululemon, Outdoor Voices, Filson,

Peter Millar, and pop-up collective For Now, as well as a thriving culinary and entertainment

culture.

Combining the best of historic and modern-day Boston, Seaport is rapidly becoming the national

destination for technology and life sciences employers, fashion, culture, dining and entertainment,

the arts, and innovation, expanding Boston’s position as one of the top cities in the world. For

more information visit www.bostonseaport.xyz, follow Boston Seaport on Facebook, and

@SeaportBos on Instagram and Twitter.

 

About WS Development

WS Development is a Massachusetts-based property developer and owner dedicated to the creation

of places where people want to be. With more than 20 million square feet of existing space and

an additional five million square feet under development, it is one of the largest privately-owned

development firms in the country. In business since 1990, WS is a vertically-integrated company

that develops, owns, operates, and leases over 90 properties, including urban buildings, lifestyle

centers, community centers, and mixed-use developments. Its goal is to be a contributing member

of each community it serves. For more information, visit www.wsdevelopment.com or follow WS

Development on LinkedIn.

 

About PSP Investments

The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension

investment managers. It manages a diversified global portfolio composed of investments in public

financial markets, private equity, real estate, infrastructure, natural resources and private debt.

Established in 1999, PSP Investmentsmanages net contributions to the pension funds of the federal

Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force.

Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices

in New York and London. For more information, visit www.investpsp.com or follow us on Twitter

@InvestPSP.

 

# # #

 

Attachment: Rendering of Amazon’s new office building in WS Development’s Boston Seaport

development (Courtesy WS Development)

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Media Contacts

Yanni Tsipis

Phone: 617-646-3180

Email: Yanni.tsipis@wsdevelopment.com

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