Boston - Jul. 24, 2009 — On behalf of Normandy Real Estate Partners, a leading real estate private equity firm, CB Richard Ellis/New England today announced that it has brokered three recent deals totaling more than 21,000 square feet at 99 Summer Street in Boston’s Financial District. Joining the building will be the Comptroller of the Currency, which will occupy approximately 13,000 square feet on the building’s 14^th floor, and StatPro—a leading supplier of solutions for the investment industry—which will occupy approximately 4,500 square feet on the building’s 16^th floor. Investment management firm Westwood Global Investments, which occupies space on the building’s 11^th floor, will also expand and extend its lease at the property.

 

“We’re very pleased to announce the addition of two new tenants and the expansion of an existing tenant at 99 Summer Street,” said Bill O’Keefe, Vice President at Normandy Real Estate Partners. “99 Summer Street offers superior access to transportation and top tenant amenities and we believe all of our tenants find it an excellent place to call home.”

 

Bill Crean, Senior Vice President/Partner at CB Richard Ellis, represented Normandy Real Estate Partners in all three transactions. StatPro was represented by Thomas Robinson of GVA Williams.

 

“CB Richard Ellis is pleased to have assisted Normandy Real Estate partners in these transactions,” said Crean. “These deals are a true testament to the quality of the asset and its excellent ownership.” 

 

99 Summer Street is situated in the heart of the Financial District with excellent access to public transportation and a variety of major highways. The 20-story tower offers over 273,000 square feet of Class A office space and features flexible floor plates, high ceilings and oversized windows. Additional features include newly modernized passenger elevators, 24-hour security, on-site management and valet garage parking. 99 Summer Street was acquired by Normandy Real Estate Partners in 2006. The building received a total lobby renovation in 2008.

 

Normandy Real Estate Partners is a vertically-integrated real estate private equity fund manager headquartered in Morristown, NJ with offices in Boston, New York City, and Washington DC. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.0 billion of equity commitments. Normandy’s existing portfolio includes 14 million square feet of commercial assets, four hotels and numerous land development sites. Normandy targets value added real estate investments primarily in the Northeast and Mid-Atlantic markets of Boston, Metro New York City, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital improvements. For more information visit www.normandyrealty.com

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and Fortune 100 fastest growing company two years in a row.

CB Richard Ellis’s New England practice has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. The firm serves real estate owners, investors and occupiers by offering strategic advice and execution for: property leasing and sales, property facilities and project management, corporate services, debt and equity financing, investment management, valuation and appraisal, research and investment strategy, and consulting.