Friday, April 25, 2008

Jones Lang LaSalle to Develop Postal Annex Site

Developer picked for 16 acres at Fort Point
Postal Service moves plan to redevelop annex site forward
By Thomas C. Palmer Jr., Globe Staff | April 25, 2008

The Postal Service has named the big real estate firm Jones Lang LaSalle to develop the annex site it will vacate, 16 acres on Fort Point Channel in a rapidly developing section of downtown near South Station.

Jones Lang LaSalle beat out a team made up of the Beal Cos. of Boston and the Related Cos. of New York, as well as three other companies in earlier bidding, for the right to turn the property into a bustling mixed-use urban development.

Last year, the Postal Service said it would sell the site and move farther down Summer Street, next to the Reserved Channel on the South Boston Waterfront.

The selection of a developer begins a long process. Permitting for the annex's redevelopment and construction of a new Postal Service facility could take five years or more, officials said.

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