Boston Office Tower Achieves LEED® Gold Certification | Announcements | Tishman Speyer


Boston Office Tower Achieves LEED® Gold Certification

Boston, MA October 27, 2010

Major Tenant Inks Lease Extension

Tishman Speyer announced today that its 125 High Street property in downtown Boston has received the LEED-EB:OM Gold certification from the U.S. Green Building Council. The firm also announced that Verizon New England has signed a long-term, 211,000-square-foot lease renewal at the property, extending the telecommunications giant’s presence through August 2020.

LEED-EB:OM (Leadership in Energy and Environmental Design—Existing Buildings: Operation & Maintenance) recognizes maximized operational efficiency with minimized environmental impact. It addresses cleaning and maintenance issues—including chemical use—recycling programs, exterior maintenance programs and systems upgrades.

To qualify for the high-level certification, Tishman Speyer:

• reduced electricity consumption by nearly 292,000 kWh per year;
• reduced annual water consumption by 2.78 million gallons;
• adopted an expanded recycling program that encompassed not only office paper and waste, but batteries, electronic waste and construction debris; and
• implemented a building-wide “green cleaning” policy focusing on improving air quality and ensuring the purchase of sustainable cleaning and janitorial paper supplies.

The lease extension announced today retains one of the property’s original tenants—and one of Boston’s and New England’s major corporate entities. Verizon New England provides telecommunications services for customers in Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. A subsidiary of New York City–based incumbent carrier Verizon Communications, it comprises the parent company’s operations in southern New England. The company provides local exchange access, long-distance, wireless and Internet services to residential and business customers. Other services for businesses include data hosting and systems integration.

Tishman Speyer Managing Director Brian Chaisson commented, “Today’s announcements represent a double dose of great news for us. We’re extremely pleased that Verizon New England, one of the region’s most prominent companies, has chosen to extend its presence at 125 High Street for another decade. Verizon’s decision reinforces the property’s standing as one of Boston’s best office locations, while at the same time the LEED® certification dramatically illustrates Tishman Speyer’s leadership in providing sustainable environments for our tenants.”

Located just a block away from the heart of Boston’s Financial District, the 125 High Street property includes two office towers and a renovated 19th-century building, all connected by an 11-story glass atrium. The Oliver Street Tower is comprised of approximately 505,361 square feet distributed on 21 floors, while the High Street Tower rises 30 floors for a total of 927,157 square feet. The complex is further complemented by 131 Oliver Street, a six-story, 44,756-square-foot building. The property, which totals approximately 1.5 million square feet, encompasses a full city block bounded by High, Oliver, Purchase and Pearl Streets and offers fantastic views of downtown and the harbor. Its proximity to Interstate 93, the Massachusetts Turnpike and South Station make it one of the most desirable buildings in the area.

Andy Hoar and David Wright of CBRE represented Verizon New England in the lease transaction. Property ownership was represented by Brian Chaisson.

About Tishman Speyer (

Tishman Speyer is one of the leading owners, developers, operators and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York’s Rockefeller Center and Chrysler Center, Berlin’s Sony Center, and Torre Norte in São Paulo, Brazil.