Previous Asset Repositioning Experience

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 tenant. The building upgrades were completed while tenants maintained occupancy.  Additional high-credit tenants entered into leases within the building.

Mixed-Use Building – Boston

130,000 sf Mixed-Use Building
This building offered significant potential to create value through renovation of the exterior, build-out of the interior, and long-term leasing. Development activity in the area surrounding the site strengthens future development potential of the property through the ability to expand the building by constructing additional floors or permitting for ground-up development.

Asset Repositioning – Boston

70,000 sf Asset Repositioning
The property was an office building with ground level retail use. Its downtown location, historic nature and presence in Boston made it an ideal site for a boutique style hotel.

The principals’ involvement with the projects depicted on these pages occurred prior to their current employment with Cresset and is presented for informational purposes only to illustrate the principals’ previous experience in real estate development. 

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