NorthStar

Experience

A proven track record of creating value and opportunities.

Representative Projects

  • Ledgemont Center, Lexington, MA


    This 36 acre rural research campus was acquired in the early 1970’s and developed in phases. The original 170,000 square foot life science research facility, built by and for Kennecott Copper Corporation, was expanded by the development of Two Ledgemont Center, a 200,000 square foot executive office headquarters building with attached garage. Located adjacent to the intersection of Routes 2 and 128 and on the edge of a public 94-acre wooded conservation and wetlands preserve, Three Ledgemont Center has been approved for an additional 162,000 square foot Life Science and office building with underground parking by a favorable vote for rezoning by the 2009 Lexington Town Meeting.
  • Waltham Corporate Center, Waltham, MA


    A former industrial park parcel abutting Route 128, the 10-52 Second Avenue site in Waltham, MA was permitted and developed in two phases into a 295,000 square foot, three building, medical office and executive office facility, its largest tenants being KeySpan Energy and Massachusetts General Hospital. This high tech facility rests on a three acre parcel with structured parking underground for 1,000 cars. The potential remains for future development on the site.
  • Wakefield Office Park, Wakefield, MA


    Once the executive headquarters for American Mutual Insurance Company, this 40 acre site is bounded by Route 128 & 95, served by two exits, and sits along the edge of scenic Lake Quannapowitt, with full natural amenities of jogging trails, exercise stations, and attractive open spaces with scenic vistas. Redeveloped in multiple phases as first class office space, the new building of 168,000 square feet with structured parking at 100 Quannapowitt Parkway became the focal point for expansion of the corporate headquarters of Comverse, a high tech public company with ties to Israel, who continued to occupy the original 200 Quannapowitt Parkway building of 225,000 square feet. Recently, on this site approvals were obtained for a 125,000 square foot first class office building with structured parking, which remains available for development.
  • 300 Third Street, Cambridge, MA


    Located in the heart of East Cambridge, this speculative 130,000 square foot pharmaceutical research building over secured private parking was approved for development in the face of a neighborhood down-zoning initiative by the City of Cambridge. Capitalizing on the momentum from an intense design collaboration strategy with the Planning Board and a thorough grass roots campaign with the residents, this project became the only Special Permit issued during a 5 year period when the zoning freeze was in effect for the region. Predominantly leased to Alnylam, the development was later sold to Biomed, a pubic REIT, at a high water price for East Cambridge.
  • Clarendon, Back Bay, Boston, MA


    The Clarendon is a 33 story high rise residential tower located at the corner of Clarendon and Stuart Streets and adjacent to the mirrored glass John Hancock Tower, in Boston's Back Bay District. Developed on land acquired from the US Post Office and John Hancock Life Insurance Company, the final design of the building was subjected to thorough wind tunnel testing 6 times in response to neighborhood concern that environmental conditions would be worsened. Containing 282 luxury residential units, of which 104 are condominium-ownership and 178 are rental apartments.
  • Brighton Mills Center, Boston, MA


    Acting in the capacity of real estate advisor to Harvard University, the Principal of NorthStar Ally successfully redeveloped this 16 acre historic industrial and retail property into a new 250,000 square foot, multi-tenanted regional shopping center, providing badly needed, convenient shopping in an open air environment. Securing a quality grocery store anchor insured the viability of this festive retail mall that was designed around an ample central parking field.
  • Arsenal on the Charles, Watertown, MA


    Based on Harvard University’s vision of investment and reuse that spanned a 100 year planning horizon, the Principal of NorthStar counseled in the acquisition of this 30 acre historic site that had been redeveloped into a first class office and mixed use campus of over 700,000 square feet of commercial space. The course for this large and very complex transaction was set and maintained from deal structuring and lengthy negotiations, thorough physical, political, and financial due diligence, all the way through to a successful closing. Today, the property remains a high grade, institutional quality stable investment, with no vacancy.