Boston, MA - August 17, 2010 — Normandy Real Estate Partners, one of the largest real estate developers, owners and operators in the Boston to Washington, D.C. corridor, today announced that more than 56,800 sf have been leased at two prestigious locations in Boston – 281 and 321 Summer Street.
Details of the leases include:
281 Summer St
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DataXu, which offers brands and their agencies a transformative approach to media buying, has leased 16,000 sf
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Forest Capital Partners, an independent investment firm that acquires and manages large-scale, investment-grade forests across North America, leased 11,570 sf
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Papagayo Restaurant, which will offer freshly prepared regional Mexican cuisine, leased 7,478 sf
321 Summer St
- Extraprise, which provides data-driven services that make marketing insights actionable across all marketing, sales, and service channels, has renewed their 11,269 sf space
- Martin Dawes Systems, a provider of award-winning customer management solutions for communications providers, renewed and expanded their space which now totals 10,489 sf
“Leasing volume at Normandy properties continues to rise at a steady pace as companies are seeking the prime locations we offer,” said Ray Trevisan, principal, Normandy Real Estate Partners. “We have an obligation to our tenants to provide top-notch properties and a management style that will serve all of their needs to give them the best corporate or retail home possible – and both 281 and 321 Summer Street are a perfect example of how we live up to those responsibilities.”
281 and 321 Summer Street are two historic office buildings that have been beautifully restored in South Boston’s Fort Point Channel Seaport District. Dating back to 1910 and 1911 respectively, each building has recently undergone major renovations to update the lobbies and building systems, windows, roofs, sprinklers, and elevators, making the two buildings among the finest quality offerings in the submarket. Aside from being located in a very appealing and easily accessible neighborhood, the two structures’ distinctive floor plates offer a unique opportunity for both full-floor and multi-tenant businesses.
About Normandy Real Estate Partners
Normandy Real Estate Partners is a vertically-integrated real estate private equity fund manager headquartered in Morristown, NJ with offices in Boston, New York City, and Washington DC. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.0 billion of equity commitments. Normandy’s existing portfolio includes 14 million square feet of commercial assets, four hotels and numerous land development sites. Normandy targets value added real estate investments primarily in the Northeast and Mid-Atlantic markets of Boston, Metro New York City, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital improvements. For more information visit
www.normandyrealty.com.