
Assets In Depth



226 Causeway Street
Historic 193,000 sq. ft. asset located in Boston’s North Station area; bought after a maturity default on the property’s debt, during our ownership the property was redeveloped to appeal to tech and creative tenants including TripAdvisor, Stantec Engineering and the Boston Celtics, surrounding area improved with development of the Converse headquarters and creation of a waterfront promenade; the building was sold to a German pension fund.



The Watershed
Newly constructed 66,000 sq. ft. office property located on the waterfront in the Fremont neighborhood of Seattle, Washington; one of the few “Living Buildings” in the United States meaning the property attained uncommonly high levels of environmental conservation; leased at record rents for the submarket to four tenants including two prominent high net worth family offices; sold to an institutional foreign buyer in 2021.


The Block
A 475,000 sq. ft. state-of-the-art office complex located fifteen miles south of Boston and originally the headquarters for Reebok; purchased when newly vacated and in need of extensive work to attract new occupancy; the main campus consists of four interconnected buildings as well as two parking garages, an indoor basketball court, fitness area, day care center and outdoor dining and function areas; we sold a minority interest to a foreign buyer in 2019; project was sold in its entirety to a healthcare provider for its new headquarters in 2020.


7700 Parmer
Four building 902,000 sq. ft. office campus built as the home of Freescale Semiconductor; campus was built to a standard well beyond typical suburban properties, successful negotiations with Freescale provided control of property operations and allowed for the company’s staged departure from the campus; our completion of campus wide improvements made the property suitable for multi-tenanting and led to long-term leases with credit firms including Google, Oracle, Electronic Arts and PayPal; sold to a U.S.-based investment manager.


451 Phillip Street
Previously the main BlackBerry manufacturing plant; upon BlackBerry’s departure we closed the factory, removed the equipment and repurposed the 215,000 sq. ft. building for high end creative office use, which was new to Waterloo; we created a large landscaped courtyard in the center of the structure; the high ceilings and open plan layout allowed us to accommodate a variety of users at record rents for greater Waterloo; the asset was sold prior to completion with several major leases pending that would bring occupancy above 90%.



315 Park Avenue South
Prominent Midtown South property encompassing 325,000 sq. ft. bought through foreclosure process; the strategy for the asset centered on a complete reworking of the existing Credit Suisse lease covering most of the building; lease revisions provided operational and leasing control of the property while Credit Suisse paid rent; lobby, common areas and the building exterior were renovated; major tenants at the property upon sale included Credit Suisse, Oracle, Relativity Media and Staples; building was sold to a large domestic REIT.