SOURCE: The Boston Consulting Group

The Boston Consulting Group

June 27, 2016 00:01 ET

The Boston Consulting Group Announces Move to Tishman Speyer's Pier 4 Development

BCG, One of the World's Premier Management Consulting Firms, Will Combine Two Boston Offices and Relocate to the Exciting New Development on Boston's Harbor

BOSTON, MA--(Marketwired - Jun 27, 2016) - The Boston Consulting Group (BCG), one of the world's leading management consulting firms, today announced plans to combine and relocate two Boston offices to Pier 4 in Boston's Seaport. By June 2018, BCG will move 700 employees into 202,000 square feet of space, approximately 7 floors, in the 13-story building being developed by Tishman Speyer.

BCG is the anchor tenant of the development, occupying more than half of the office space. Located at 200 Pier 4 Boulevard, near Northern Avenue, the Pier 4 office building will total 370,000 square feet. Neighbors in the Seaport district include GE, Fidelity Investments, PwC, and Goodwin Procter.

"We are excited to join our two offices in Boston as we move into the new Pier 4 location," said Simon Bartletta, a BCG senior partner and the managing director of the office at Exchange Place. "We see this new development as a great choice to support our dynamic organization and to position us for the future. With its sweeping views of the harbor and modern, new workspaces, this is a destination for attracting and developing our firm's most valuable asset: its people. We are thrilled to have the opportunity to design the space from scratch and encourage new ways of teaming to deliver the most value for our clients."

The building, by Elkus Manfredi Architects of Boston, will be built for LEED Gold certification. It will stand 13 stories high and offer commercial offices, on-site retail space, an expansive rooftop garden, a state-of-the-art fitness center, bicycle storage, and three levels of parking. Located a short distance from the Financial District, Pier 4 is surrounded by water on three sides and is served by multiple public transportation options including ferry and bus lines, with nearby access to I-93 and I-90.

"We search the globe for great locations in the best cities to develop new homes for world-class companies," said Rob Speyer, CEO of Tishman Speyer. "In the case of our Pier 4 development, we challenged ourselves to create an outstanding live-work-shop environment that would truly stand out within the exciting new community that is taking shape in the Boston Seaport district. We're very pleased that BCG shares our excitement for this very special place." 

Currently, BCG occupies 146,000 square feet of space at its two downtown office locations: Exchange Place and One Beacon. BCG has been a tenant at Exchange Place for 31 years and at One Beacon for 8 years. At Pier 4, BCG will occupy seven floors, 7 through 13.

"Our work processes have changed dramatically in recent years. Disruptive technologies have brought new opportunities for both virtual and physical collaboration, and an increasingly diverse workforce with new expectations is challenging us to continually innovate in our workplaces," said Kathryn Bell, a BCG partner and the managing director of the One Beacon office, who also is the partner responsible for BCG's global real estate.

 "Pier 4 gives us a unique opportunity to bring our workplace strategy to life, giving our people choice from among a rich variety of workspaces, and innovative technology to support productivity and simplify the work process. The ultimate goal is to shape a vibrant, enjoyable workplace experience, inspiring people to build relationships and share insights to deliver outstanding client value," Bell continued. 

Bartletta added, "We want this to be a place where employees want to spend time. It will be designed to enable and accelerate the development of innovative solutions and direct engagement with our clients, our nonprofit partners, our alumni, and the wider Boston community."

Employees will have access to the on-site fitness center and will be encouraged to enjoy the nearby public spaces, including a one-acre waterfront park and the Boston Harbor Walk, which is being extended onto the property by Tishman Speyer. Pier 4 will also be home to a nine-story, 100-unit luxury residential building next door, designed by internationally prominent SHoP Architects in collaboration with local Boston firm CBT. Each of the buildings will feature 17,000 square feet of ground floor retail space.

"The Boston Consulting Group is one of our leading businesses in the city, and I'm pleased that they have decided to continue to invest in their Boston presence," said Mayor Martin J. Walsh. "BCG's move to the Seaport district highlights the expansive and exciting growth Boston is undergoing, and I am excited to see BCG add to the thriving business environment in the Seaport."

In the lease transaction, Michael Joyce and John Barry of Transwestern RBJ represented BCG and Tishman Speyer's Sam Schaefer and Brooks Brown represented ownership. 

For more information on BCG's plans, please contact Alexandra Corriveau at corriveau.alexandra@bcg.com or 212-446-3261.

For more information on Pier 4, please contact Rick Matthews of Rubenstein Communications at rmatthews@rubenstein.com or 212-843-8267.

About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 85 offices in 48 countries. For more information, please visit bcg.com.

About Tishman Speyer
Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate around the world. Founded in 1978, Tishman Speyer is active across the United States, Europe, Latin America and Asia, building and managing premier office, residential and retail space in key global markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio approximately 140.1 million square feet with a total value of approximately US$76.1 billion spread over 276 investments involving 380 properties. Signature assets include New York City's Rockefeller Center and Chrysler Center, São Paulo's Torre Norte, The Springs in Shanghai and OpernTurm in Frankfurt. Tishman Speyer currently has projects at different stages of development in Atlanta, Boston, Brasília, Chengdu, Frankfurt, Gurgaon, Hyderabad, Los Angeles, New York City, Paris, Rio de Janeiro, San Francisco, São Paulo, Shanghai, Suzhou and Washington, DC.

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