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Boston & New England  + Massachusetts  + Retail  | 

Rockpoint Buys Boston MXU for $107M

Rockpoint Group acquired 226 Causeway, a retail/office condominium in Boston, from Invesco for $107 million. Totaling 192,890 square feet, the property features a diverse tenant roster anchored by the corporate headquarters of two divisions of TripAdvisor, Oxfam America and the Boston Celtics, as well as a key regional office for Stantec. The street-level retail component includes Equal Exchange Café and Title Boxing Club.

NKF’s Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell oversaw the transaction.

“226 Causeway epitomizes the ‘cool core’ investment profile, offering stable cash flow and tangible upside potential,” said Maher. “The asset is the beneficiary of significant capital improvements, resulting in best-in-class physical infrastructure, highlighted by rare 35,000-square-foot floor plates and up to 13-foot 5-inch ceiling heights.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition