WALTHAM, Massachusetts – February 20, 2008 --- Hobbs Brook Management, a pioneer in the development of office space in the Boston suburbs, has selected Columbia Construction Company as the construction manager for a new 330,000 square foot office campus to be located at 175 Wyman Street in Waltham, Massachusetts.

Located directly adjacent to Hobbs Brook Office Park, which consists of nine buildings totaling over 1.2 million square feet, the addition of two buildings at 175 Wyman Street to the area allows Hobbs Brook Management to offer some of the most convenient and dynamic office space available along Route 128. The total office park will now be over 1.5 million square feet.

“Meeting the sustainability demands of our tenants was a primary objective of this project. Choosing a construction manager who is not only knowledgeable about green building standards, but who can implement them as well was critical,” said Donald Oldmixon, vice president and manager of real estate, construction and leasing for Hobbs Brook Management. “Columbia impressed us with their expertise and experience with LEED® certification, their advanced technical abilities and their comprehensive approach to both preconstruction and construction.”

The entire new 175 Wyman Street complex will be designed to meet green building standards. With a goal of LEED Silver, Columbia and the project team have taken significant measures to adhere to LEED requirements. The existing 330,000 square foot building will be demolished and 90% of the steel, concrete and masonry will be recycled. The two new buildings will utilize an existing underground water storage tank to capture storm water runoff for irrigation purposes. In addition, the project includes implementation of a green housekeeping program and construction of new roofs with a high reflection rating to reduce the heat island effect. Green practices extend to include preferred parking for hybrid vehicles and car poolers, as well as making shower facilities available to encourage the use of bicycles as transportation. In addition, Hobbs Brook Management is considering purchasing green power carbon offsets. The company’s goal is to appeal to potential tenants that are in the market for green office space, with the expectations of achieving longer tenancy agreements.

“We are delighted to be working with Hobbs Brook Management again, and we appreciate the confidence they continue to have in Columbia,” said Jim Marsh, senior vice president and principal-in-charge for Columbia. “This project is ideally suited to utilize our technical experience with Building Information Modeling (BIM), on-screen takeoffs and our proprietary web-based project management system. It is a rare strategy for a for-profit developer to see LEED Certification and our past experience with LEED projects will add significant value as we partner with the project team to deliver a successful and sustainable project together.”

Construction is currently scheduled to begin in the spring of 2008 with completion expected in the fall of 2009. Members of the project team include Margulies & Associates, architects and interior designers; AHA Consulting Engineers, mechanical, electrical and plumbing engineering; and, John G. Crowe Associates, Inc., landscape architecture, site planning, environmental permitting, and civil engineering.

With a long history of delivering comprehensive real estate services to Hobbs Brook Management, Wyman Street Advisors is the exclusive leasing agent for 175 Wyman Street. For more information, please contact Chip Batchelder at (781) 684-1200.

About Hobbs Brook Management

As both owner and operator, Hobbs Brook Management is committed to providing its tenants and their employees with a reliable and fully functional business environment. For leasing information, please visit www.hobbsbrook.com.

About Columbia Construction

Drawing on nearly 85 years of experience, Columbia Construction Company provides construction management services throughout New England. Its primary goal is to serve as a construction partner to their clients and to provide them with innovative solutions. Columbia’s work is focused within the Life Sciences, Academic, Corporate, Healthcare, Housing/Hospitality, and Senior Living market sectors. For more information, please visit www.columbiacc.com.

Media Contact:
Susan Shelby, CPSM
Rhino Public Relations
(978) 468-1528
susan@rhinopr.com

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