The completion of The Shoppes at 655 South Willow, Manchester. As of Q4, we have completed the finishing touches on 100,000 s/f of new-to-market retail space at this modern shopping center. Still in the pre-leasing stage with multiple tenants in place, we are looking forward to the first business openings in the spring of 2019.
We have accomplished so much in 2018 as we continue to grow and emerge within the greater Boston community as a best-in-class construction management firm. We have continued to add some amazing new talent to our team, expanded our client base with some of the most dynamic companies in the state, many themselves industry leaders. In doing so, as we prepare for the future, we launched a new rebrand and website to better showcase to the market our capabilities and position Timberline for continued growth while earning a reputation as a dynamic partner whom our clients can trust and depend on.
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.
