press releases

Essex River Ventures acquires Inner Tech Park for $19.4 million

Essex River Ventures, LLC, a Boston-based real estate investment and asset management firm, announced today the acquisition of Inner Tech Park, a three building, 161,440-square-fooot office/lab/R&D complex at 52-56 Roland Street on the Charlestown/Somerville, Mass. line for $19.4 million.

Essex River Ventures acquires three-building portfolio in 128 North submarket for $28.4 million

Essex River Ventures, LLC, a Boston-based real estate investment and asset management firm, announced today the acquisition of a three-building, 313,000-square-fooot R&D portfolio at 299-301 Ballardvale Road in Wilmington and Andover, Mass. for $28.4 million.

Essex River Ventures and Praedium Group acquire Lexington Corporate Center for $35 million

The Praedium Group LLC, a New York City-based national real estate investment firm, and Essex River Ventures, LLC, a Boston-based real estate investment and asset management firm, announced today the acquisition of the Lexington Corporate Center, located at 10 Maguire Road in Lexington, Mass., for approximately $35 million.

Praedium Group and Essex River Ventures acquire two office properties in Boston for $20 million

The Praedium Group LLC, a New York City-based national real estate investment firm, and Essex River Ventures, LLC, a Boston-based real estate investment and asset management firm, announced today the acquisition of 186 Lincoln Street and 225 Friend Street in Boston for $19.6 million, or $154 per square foot. Occupancy at the time of sale was 89 percent.

Praedium Group, Essex River Ventures jointly acquire Great Woods Office Park for $5.4 Million

The Praedium Group LLC, a New York City-based national real estate investment firm, announced today a joint venture acquisition with Boston's Essex River Ventures, LLC of the Great Woods Office Park in Mansfield, Massachusetts for $5.4 million, or $94 per square foot. Built in 1981 and expanded in 1986, the property, located at 792 and 800 South Main Street, comprises two office buildings, one two-story and the other a three-story structure totaling 58,000 square feet.

Praedium Group, Essex River Ventures jointly acquire Manor Parkway property for $6.2 million

The Praedium Group LLC, a New York City-based national real estate investment firm, announced today a joint venture acquisition with Boston's Essex River Ventures, LLC of the Manor Parkway Business Park in Salem, New Hampshire. Built in 1983, the property, located at 10-12 Manor Parkway,comprises three single-story office/flex buildings totaling 122, 000 square feet.

Berkeley Investments Co-Founder Launches Real Estate Investment Firm

After 11 years at Berkeley, John Fenton forms Essex River Ventures LLC; focuses on value-based investments in the $5 million to $15 million range in the Northeast; target: office, R&D and industrial properties.