Urban Strategy Fund : A new Boston Real Estate Fund
 

Property Type:

92,500 sq. ft. office/distribution facility

 

Investment Strategy:

Value Add

 

 

777 Brook.JPG

 

777 Brook Street

Rocky Hill, CT

 

777 Brook Street is located in Rocky Hill, CT, and enjoys excellent access to I-91 and many area amenities.  The property is adjacent to NBF's 115,000 SF office/flex park, I-91 Tech Center, and the 1 MSF Corporate Ridge Office Park, home to major corporate users including AT&T, Zurich Insurance, URS, United Healthcare, WFSB, and Henkel Corporation.

 

This former manufacturing building was purchased from Wiremold Corp., which vacated the facility in December 2005. The property was ideal for single-tenant industrial uses but also offered the flexibility of conversion to R&D or office use.

 

New Boston performed cosmetic upgrades to the site and launched a marketing campaign that culminated in the signing of a full-building, 15-year lease with the Connecticut Lottery Corporation.  The building has undergone a $7M renovation and has been transformed into a first-class office and distribution facility for the Lottery's headquarters.  Renovations included the conversion of 45,000 SF of the manufacturing facility into office space, an expansion of the parking lot, new exterior windows, and reconfiguration of the warehouse space. The lease commenced in April 2008, and the Lottery moved its 125 employees into the facility. 

 

 

  Current Investments
 

545 Long Wharf

 

777 Brook Street

 

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