Re: Imperial Brewery (across from Margaritas)
Posted: Tue May 14, 2019 12:39 pm
Copaken Brooks and Dean Realty Co. announced a joint venture Monday on 1.6 million square feet of infill land in Downtown, including two business parks.
The portfolio includes Cambridge Business Park and Downtown Business Park, as well as Downtown Underground, a 700,000-square-foot underground warehouse beneath Downtown Business Park, according to a release from Copaken Brooks.
The 150-acre portfolio includes 29 buildings and 40 acres of vacant land that will be developed. Right now, it is occupied by a 110 tenants, according to the release. Copaken Brooks intends to develop mixed-used space at Cambridge Business Park. Burns & McDonnell will be the design-build firm for the venture.
“This is a once-in-a-lifetime large-scale property assemblage that’s right in the path of new growth and revitalization in the urban center,” Bucky Brooks, a principal with Copaken Brooks and the portfolio manager in the new ownership group, said in the release. “Copaken Brooks is proud to lead this joint venture on one of the area’s most significant property portfolios, and we’re even more excited to propel these assets to the next level.”