Press Releases

CIM GROUP ADDS SOUTH END OFFICE BUILDING AND PARKING STRUCTURE TO BOSTON PORTFOLIO

Nordblom Maintains an Ownership Interest in Property
9/18/2017


BOSTON – September 18, 2017 -- CIM Group, in partnership with Nordblom Company, today announced that they have acquired 1000 Washington Street, an 11-story, 242,000-square foot office building, and the adjacent four-level, 309-stall parking garage at 321 Harrison Avenue in Boston’s South End.   

1000 Washington Street is centrally located in the South End of Boston, a transforming neighborhood that offers walkable amenities including restaurants and shops as well as many transportation options.  The buildings are located across the street from the Massachusetts Turnpike (Rt. I-90), and approximately 0.6 miles from the Back Bay Train Station and 0.8 miles from the South Station, both served by Amtrak.  The property is also served by the MBTA Silver Line with service to the Seaport and Boston Logan International Airport.

Since 2006, Nordblom has been an owner and operator of 1000 Washington Street and will continue to manage the property.

CIM identified the Boston area more than a decade ago as a community that possesses the attributes that fit its investment strategy.   1000 Washington Street and 321 Harrison Avenue add to CIM’s growing portfolio of investments in Boston that includes the June acquisition of six parcels totaling 2.16 acres in Boston’s Fenway neighborhood and the 200 Stuart Street Garage, Motor Mart Garage, and 95 Berkeley Street.

About CIM Group

Established in 1994, CIM is a leading partner for global institutional investors seeking to invest in real assets located in and serving urban communities with a principal focus on North America.  CIM is a real assets manager offering investment strategies in opportunistic, stabilized, and value-add real estate, real estate debt, and infrastructure.  CIM’s broad expertise includes in-house research, acquisition, investment, development, finance, leasing and property management capabilities.  Headquartered in Los Angeles, CIM maintains regional offices in New York City, Oakland, CA, Bethesda, MD, and Dallas. For more information, please visit www.cimgroup.com

 

About Nordblom Company

Nordblom Company is a real estate enterprise with a 90-year history of investing, managing and developing properties throughout the New England region and select markets across the country. The company currently owns office, commercial and multi-family properties in the New England and Carolina markets and is committed to creating dynamic work and living environments that further the quality of life for the people who occupy its properties. Headquartered in Burlington, Massachusetts with offices in Boston, Brookline, and Raleigh, North Carolina, Nordblom Company has over 90 properties and excess of $1 billion in assets under management.  For more information, visit www.nordblom.com

 

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Contact:

Karen Diehl

Diehl Communications

karen@diehlcommunications.com

310-741-9097

 

 



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