Equity Source: Whitehall Street Real Estate Fund

Archon opportunistic investments seek office and industrial acquisition opportunities where value can be increased through more efficient management, recapitalization, development, redevelopment and/or repositioning. Archon can work as a sole developer or in joint ventures. With full-service construction management capabilities, Archon delivers cost-effective, build-to-suit facilities and will consider speculative development in key markets.

Property Name Boston Wharf Portfolio City Boston State MA Size 1,200,000 SF Year Built Built in the early 1900's Click on Image

Boston Wharf Portfolio Details » Archon acquired 16 commercial buildings, totaling 1.2 million SF of office space, and a parking garage in the Fort Point Channel submarket in downtown Boston. » The seller was the original owner of the properties. Most were built in the late 1890s. » Acquisition strategy was to immediately renovate at least five buildings into office space, roll below market tenants to market rates, and sell. By year end 2008, Archon renovated, leased and sold three buildings to new owners, sold one building to a user to renovate and occupy, and sold two vacant buildings to a local developer. » Archon’s development team is working with the Boston Redevelopment Authority to permit the redevelopment of the seven remaining buildings into office or residential over time and as the market allows. » Archon role: Acquisition, Development, Construction Management, Oversight of External Leasing and Property Management, Disposition