We achieved growth in our company at a rate of about 50%, and more importantly, we did this while still maintaining the same family culture throughout our company. As a family business, we put the culture of our company forward as a priority whenever we’re looking for someone to join our team. This past year in particular, we’ve added several new employees, and I’m happy to say that they’ve all integrated beautifully into the Acella family. We know that the culture we build for our employees is crucial to our success, and we plan to maintain and enhance that culture as we continue to grow.
After 13 years of steering the commuter rail station project through state and federal regulatory hoops, on November 2nd, a ribbon cutting was held to break the ground of a new $50 million transit hub. The Pawtucket/Central Falls commuter rail station, with its dedicated platforms for northbound and southbound MBTA service, connected by a pedestrian bridge overpass, elevators, ramp
The most notable transaction for 2018 was assuming management of a portfolio of apartment buildings in proximity to our main office located in Porter Sq. The acquisition is an exciting addition to our portfolio of residential properties.
I have continued my leadership as regional director for KW Commercial in the northeast. I have increased the commercial agent membership to 18 in my home office of KW Leading Edge, 80 agents regionally and helped support 2,000 agents nationally.
Expanding my company’s resources by hiring more staff in leasing, marketing and administration, welcoming new board members, and moving to bigger office space. Bolstered by our strong balance sheet, we are poised to move nimbly and aggressively in 2019 to pursue opportunistic acquisitions in Eastern Mass.
2018 brought our downtown to nearly full capacity with a variety of specialty shops and restaurants. The year also saw the completion of 98 Adams St. and 108 Adams St., some of Leominster’s oldest mill buildings that were converted to 100 units of housing and 40,000 s/f of commercial and retail space.
We have been blessed to work on so many great projects this year I couldn’t pick just one. As we have been growing in the science & technology sector, 2018 brought some fantastic and challenging projects for clients that include Sarepta Therapeutics, Alexandria Real Estate, Sage Therapeutics, Instrumentation Laboratory and ClearMotion to name a few.
Keeping the line moving with new acquisitions, projects in progress, and teeing up new projects for 2019. Oh! And winning the World Series.
Being recognized on the ENR 400 for the first time at #375. This is a tremendous achievement for having been in business for only 20 years. With ENR as the primary publication for the construction industry, this designation shows our breadth and scope, and cohesiveness as a company, reinforcing NEI as an industry leader in both the Northeast and Southeast.
Our success is a testament to the hard work and collaborative effort of our employees.
I took a risk building Hancock Estates, a very high-end apartment complex in Chestnut Hill with finishes that are comparable to the highest end condos in downtown Boston. The building is geared to empty nesters selling their homes in the area, not wanting to leave their neighborhood.
The property offers multiple amenity spaces that gives them a more relaxed lifestyle in their worry free downsized new home. Interior amenities include concierge, café/community room, fitness center, business center/conference room, activity and gaming rooms, with three living rooms.
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