News

February 19, 2018
10 Cabot & 300 Granite Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of 10 Cabot Road (“10 Cabot”) and 300 Granite Street (“300 Granite”, and together with 10 Cabot, the “Properties”) in the Boston MSA. The Properties closed on February 15, 2018. 10 Cabot is an approximately 107,000 sf, 79% leased, Class A- office building located in Medford, Middlesex County, MA and is currently leased to nine tenants from diverse industries. 300 Granite is an approximately 89,500 sf, 89% leased, class B+ office building located in Braintree, Norfolk County, MA and is currently leased to nine tenants. The investment plan for both properties is to lease-up the remaining vacant space and further capture market rental rates, benefiting from the properties’ close proximity to Downtown Boston.

10 Cabot and 300 Granite are located approximately 3.5 miles north and 10 miles south, respectively, of Downtown Boston. 10 Cabot is in walking distance to the Massachusetts Bay Transit Authority’s (“MBTA”) Orange line. 300 Granite is adjacent to Simon Properties’ South Shore Plaza, the largest mall in New England, and is in close proximity to I-93.

Atlantic Creek, with offices in New York, NY and Palm Beach, FL, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.