Featured Properties

Riverworks

480 Pleasant Street

Watertown, MA

Acquired: October 16, 2018

Building Information: Three story brick and beam environment containing 204,059 square feet.

Investment Rationale:

• Authentic brick and beam design with large windows and high ceilings will always attract high end demand.
• Three interconnected buildings varying from one to four stories presenting a wide range of floor configurations able to suit many potential clients.
• Watertown will continue to improve as an office and high end R&D location.

111 Speen Street
Framingham, MA

Acquired: March 23, 2022

Building Information: Five story office building containing 119,000 square feet in the Framingham/Natick market.

Investment Rationale:

• Reposition the iconic 37-year-old office building through renovations and service
  enhancements, providing clients with a redesigned and modernized building experience.
• Immediate access to I-90 and a 5-minute commute to over 45 amenities including restaurants, coffee shops, fitness centers will enable the redesign to capture an outsized share of the demand in the west market.

Middlesex Green
Concord, MA

Acquired: July 17, 2014

Building Information: The office park consists of five buildings that total roughly 300,000 square feet on 30.4 acres of land.  Middlesex Green is located right off Route 128/I-95 between Burlington and Waltham.

Investment Rationale:

• Middlesex Green will offer companies functional space in a beautiful, natural setting with close access to Route 128/I-95.
• The park will undergo major physical and amenities updating to appeal to companies that seek a strong value for their rent expenditure yet desire an office environment that meets the demands of a changing workforce.
• The size and layout of the buildings provides the flexibility required to appeal to both large and small tenants.
• The park provides companies in need of 50,000 square feet or more with the opportunity to lease or own their own building.
• Paradigm will significantly improve the common facilities in the park, including the restaurant and fitness area, and upgrade the lobbies and atrium spaces.
• The natural appeal of the site will be enhanced through the introduction of a range of outdoor amenities.

52-56 Roland Street

(RS56)

Charlestown, MA

Acquired: December 12, 2013

Building Information: Three building, multi-tenant Class B office/flex property containing approximately 151,474 square feet of net rentable area on a 4.476 acre parcel of land.

Investment Rationale:

• Reposition the buildings into attractive Class B “character” space and re-introduce them to the market.
• Lease the vacant space at rates substantially below similar space in the adjacent submarkets.