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Case Studies

Hopkinton, MA

35 Parkwood Drive

Investment Summary

Property

160,000 SF office/flex building

Pricing

Acquisition Cost – $3,650,000, $22.85PSF

Strategy

The ownership looked to create value by purchasing building at a low basis and quickly executing a cost-effective modernization plan with the goal of providing tenants a lower priced alternative in the market

Opportunity/Highlights

  • Purchased property at a fraction of the replacement cost and quickly executed a very cost effective modernization plan to the common areas and exterior of the building
  • Leasing activity achieved over 44% occupancy within 4 months of acquisition. 100% Leased within 14 months to 8 different tenants through aggressive marketing
  • Located in the Elmwood Business Park directly off I-495 and just one exit south of the Mass Pike

Other Case Studies

Charlotte, NC

Forest at Chasewood

BUILDING SIZE

220 units

ASSET TYPE

Multifamily

Milford, MA

Fortune Blvd & Quarry Drive

BUILDING SIZE

230,000 SF

ASSET TYPE

Office/R&D

Franklin, MA

440 East Central Street

BUILDING SIZE

16,200 SF

ASSET TYPE

Medical Office

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