The 3.93-acre property, located along the East Boston Waterfront on Boston Inner Harbor, is near East Boston’s Maverick Square and the MBTA Blue Line Transit Station. This site has historically been used for industrial purposes. From the early 1900’s to the 1950’s, the site was used for storage. After that period, confectionery companies occupied the buildings until […]
Cresset Lexington, LLC has acquired 475 Bedford Street (Route 225) in Lexington, MA. The asset is a 71,000 sf building on 9 acres net leased to Boston Sports Club, which is part of Town Sports International (TSI), which operates 139 clubs in Boston, New York, Washington DC and Philadelphia. In Greater Boston the Lexington club […]
Formerly the Allied Bolt & Screw building, Cresset is converted the 90,000 sf of space into 60 residential loft units with 25,000 sf of commercial/retail on the first and ground floors. When fully completed, the development will include a second phase consisting of one new residential building with parking on the 33,000 sf parcel.
Cresset […]
Cresset acquired the existing warehouse and adjoining land in 2008 in partnership with a well-known regional retail operator after the building use had been limited due to inferior access with acquisition of the build subject to controlling the adjoining parcel. The second parcel was acquired to provide direct access to Arsenal Street and thereby increased […]
Office Development Project- Boston
100,000 sf Office Development Project This property was acquired as a six-story building, approved for expansion to nine floors, with a credit lease in place for a large office tenant. New leasing and expansion of an existing retail tenant also increased the size and value of the property. Three full and […]
Office Building – Boston
130,000 sf Office Building This building was acquired for the potential to significantly increase the value through upgrading and re-tenanting the building. New building systems were installed including HVAC, electrical vault, emergency generators, switch gear and distribution. All windows were replaced, the basement through second floors were gutted for a solid credit anchor […]
Office/Industrial – North Reading
443,000 sf Office/Industrial Building The initial acquisition of 350,000 sf of office and industrial space was on 34 acres with an option on an additional 41 acres. The land option was exercised and the development of a 93,000 sf build-to-suit was completed along with obtaining approvals for the future development of […]
