Needham, MA – Fulcrum Real Estate Partners, LLC of Needham, MA is happy to announce its purchase of two commercial properties in Marlborough, MA through a joint venture partnership with Framingham’s Atlantic Management Corporation. The new owner of 450 & 500 Donald J. Lynch Boulevard, is Atlantic – Fulcrum Realty, LLC. 450 & 500 Donald J. Lynch Boulevard, are part of the 50 acre office campus in Solomon Pond Park which is managed by the Nordblom Company, who, as part of the joint venture ownership of the campus, Pondview JV Owner LLC, was the seller in this transaction.
Both 450 & 500 Donald J. Lynch Boulevard, approximately 59,667 and 62,224 square feet respectively, are single-story, multi-tenanted, hi-tech flex properties currently 92% leased to quality, life science and tech-based tenants. With an average lease term of over 6 years remaining, the opportunity to purchase these assets which were not widely marketed and sourced by Fulcrum, provided a preferred investment scenario for both Fulcrum and Atlantic Management, as well as the chance for Atlantic Management, owner of Marlborough’s successful 109-acre master-planned mixed-use campus, Forest Park, to add to its Marlborough portfolio. The combination of quality real estate, preferred investment scenario, historical success in the 495 real estate submarket, and familiarity between the two firms set the stage for an easy decision to enter into a complementary joint venture ownership of the assets.
Fulcrum Real Estate Partners, LLC was formed in 2014 as a private equity commercial real estate investment firm offering a more affordable option for average investors to diversify their investment portfolios with ownership in “bricks and mortar” commercial real estate. Driven by its principals, Rick Putprush and Rob Kirschner, who have more than 50 years of cumulative commercial real estate experience, Fulcrum purchases office and industrial commercial assets located throughout New England. For more information on Fulcrum Real Estate Partners, LLC, please visit www.fulcrumrealestatepartners.com .
Atlantic Management Corporation was formed in 1972 to provide investors with long-term capital growth through conservatively structured real estate investments. Since its inception, Atlantic Management has remained committed to achieving this goal for its Partners. Such a commitment has required the company to evolve and adapt in order to capitalize on the ever changing real estate market conditions. This willingness to remain flexible but focused has resulted in the successful identification, acquisition and redevelopment of underperforming, mismanaged or value-added properties throughout New England – resulting in Atlantic Management currently owning and managing a portfolio of over 5 million square feet of property throughout New England. For more information on Atlantic Management Corporation, please visit www.atlanticmanagement.com.