A joint venture between KS Partners and Oaktree Capital Management acquired Brickstone Sq., a three-building, Class A office park located just off I-495.
CBRE/New England has been appointed exclusive leasing agent for the asset. Kerry Olson Hawkins, Jason Levendusky and Jake Borden will spearhead CBRE/NE's efforts.
"We're excited by the strength of the existing tenants at Brickstone Sq. and we see the potential for significant long-term value creation that proactive management of the property will bring,"said Kambiz Shahbazi, president and founder of KS Partners.
"Brickstone Sq. boasts an ideal location directly off I-495 in Boston's suburbs with an array of amenities in an office park environment," said CBRE/NE's Olson Hawkins. "We look forward to working with KS Partners and Oaktree Capital Management in helping to further enhance and add value to Brickstone Sq."
Originally constructed between 1919-1934 as the world headquarters of the American Woolen Company, Brickstone Square consists of three buildings (100, 200 & 300 Brickstone Sq.) on 53.1 acres. In 1986, the property was substantially renovated and converted to office space. The buildings offer over a million s/f of office space with some of the most stunning views available in Boston's suburbs. In addition to office space, Brickstone Square houses a full-service cafeteria, fitness center, on-site daycare center, convenience store and over 3,000 parking spaces. The park is also in proximity to numerous amenities and nearby restaurants.
KS Partners, LLC. is a real estate investment & development company which owns and operates four million square feet of commercial property located in the northeastern United States. With offices in New York and Mass., the KS Partners' approach is to utilize the vast real estate experience of its management team in developing, operating, and maintaining properties while leveraging local knowledge and relationships to help create value in all of their investments.
Oaktree's mission is to provide highly professional management with a primary emphasis on risk control in a limited number of sophisticated investment specialties. Oaktree specializes in less efficient markets and alternative investments, and has extensive experience, an enviable track record, broad product range and substantial assets under management. They are dedicated to the achievement of consistent and superior performance without high risk.