By USGBC MA Communications
Nordblom Company and Rubenstein Partners to Build 235,000 SF
Class A Office Property on Prime Site in Boston’s South End
September 16, 2016 – Boston – Nordblom Company and Rubenstein Partners, L.P. are proceeding with development plans for 321 Harrison, an eight-story, approximately 230,000-square-foot, Class A office property, following last night’s vote by the Boston Redevelopment Authority (BRA) approving the project. Affiliates of Rubenstein and Nordblom acquired the 321 Harrison development site, and the adjacent existing office building at 1000 Washington Street, for $75 million in January 2015.
“We’re pleased to receive BRA approval for this exciting project,” said Ogden Hunnewell, Executive Vice President and Partner of Nordblom Company. “This is an opportunity to build a great building that will continue the strong momentum we are seeing in this up-and-coming mixed use area of Boston, adding high quality space into a submarket with limited supply.”
“321 Harrison is positioned in the midst of a transforming urban neighborhood that we believe is poised for further growth,” noted Deke Schultze, Senior Vice President of Rubenstein Partners, L.P., and director of the New England region. “We plan to create headquarters-quality corporate office space in this outstanding location and tap into the increased demand we are seeing here.”
The Rubenstein/Nordblom partnership was particularly drawn to the site’s strategic location in a rapidly improving section of the downtown South End/Back Bay office submarket. 321 Harrison and 1000 Washington, which together would comprise 466,000 square feet and are planned to be connected at the lobby level under the approved development plan, are centrally located near a wide array of amenities, including abundant retail and dining opportunities. Ease of access is provided by entrance ramps to the Massachusetts Turnpike, Southeast Expressway and I-93 just a short distance away. Logan International Airport is a seven-minute drive from the site, which is also served by the MBTA’s Silver Line and offers convenient shuttle service to South Station.
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