Dan DeMarcoThe sale of Heritage Landing (Heritage One & Heritage Two) was a huge success for the Campanelli team in 2016. When we purchased the properties in 2013 they had been 100% vacant for over five years. Campanelli reinvented the entire campus and transformed the North Quincy market, creating multi-tenant buildings with modernized common area amenities including café service from downtown eatery, Sebastians, a 24/7 grab-and-go food option and a massive fitness center. The combination of amenities and the location right on the Red Line T attracted over 80% of our tenants to move from their offices in Boston and experience great rent savings and value over the CBD.
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