News: Owners Developers & Managers

KS Partners and Oaktree Capital Management acquire three-building office park, Brickstone Sq.

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.
MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and