GlobeSt.com UPDATE: Fan Pier Developer Names CBRE Exclusive Agent

BOSTON-Joseph Fallon, whose firm, the Fallon Co. now owns Fan Pier, has hired Steven Lynch with CB Richard Ellis’ Boston office to handle lease up of the office component as the $1.2-billion project along the waterfront site moves toward development. The firm replaces Spaulding & Slye, which had served as development manager under the previous ownership. Lynch says the site “is recognized as one of the premier new development opportunities in the country.”

William Barrack, a principal with Spaulding & Slye, tells GlobeSt.com that the real estate firm remains supportive of the waterfront project. “It is arguably the best development site in North America and will give the market some needed product in 2009 and 2010.

Barrack says news of the firm’s termination was not unexpected. “It was no surprise that the new owner would want to put a new team together,” says Barrack. Fallon could not be reached for comment at deadline.