Bulfinch Adds 50 Cabot Street To Its Portfolio
NEEDHAM, MA - August 28, 2012 — The Bulfinch Companies, Inc., a private Greater Boston real estate investment firm, today announced the acquisition of 50 Cabot Street in Needham, MA, a 41,185 s.f. two-story property that delivers excellent visibility and access to Route 128/95 and boasts a 100% occupancy level.
50 Cabot delivers easy access and high visibility to its tenants with its prime location directly off Route 95/128 in one of Greater Boston’s strongest sub-markets. Combine that with its centralized location to numerous amenities and tremendous signage opportunities, and 50 Cabot Street is an exceptional asset that delivers value to its long-standing tenants.
The property is an extremely stable asset that is complementary with Bulfinch’s existing portfolio. The acquisition represents Bulfinch’s eighth property in Needham which includes such properties as First Needham Place, Needham Executive Center, and Crawford Place, among others. Boston Realty Advisors was the broker on this off market acquisition and the property was purchased from One Needham Place Realty Trust.
“The property’s strong tenancy and the value add of an off market transaction made 50 Cabot Street an excellent investment and addition to our diversified portfolio of properties in and around Greater Boston.” says Eric Schlager, CEO of The Bulfinch Companies, “We are excited to bring our entrepreneurial spirit and commitment to a property that benefits from its strong tenancy, access, and visibility and we look forward to adding value to retain key tenants.”
About The Bulfinch Companies, Inc.
The Bulfinch Companies, Inc. is an entrepreneurial, value-added real estate investment firm specializing in the acquisition, development, management, and repositioning of commercial properties in Greater Boston. Since inception in 1936, Bulfinch, and its affiliates, have developed, acquired and repositioned over $1 Billion of commercial real estate. For more information, visit http://www.bulfinch.com