The 157,585-sf building is located here in the heart of thefinancial district and is fully leased. According to DavidFinnegan, director of corporate communications for Lend Lease'sBoston office, this is the Trust's first purchase in the area."They were looking to enter the Boston market," Finnegan The company views this investment as a long-termhold.

In a released statement, Dennis Walsh, a principal in LendLease's Boston office, which will undertake the asset management ofthe property, states, "1 Liberty Square is located in one of thestrongest office markets in the United States. Boston's strongmarket fundamentals coupled with the building's excellent location,and strong tenant roster make this an ideal investment for theTrust Group."

Managed by Lend Lease Real Estate Investments, Lend Lease USOffice Trust, the owner of Lend Lease US Office Inc. is the firstlisted Australian property trust to specialize in office realestate assets in the US.

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