The Beal Companies, LLP

Services

Investment Management

The Beal Companies has had a history of providing Complete Investment and Asset Management Services for all types of Real Estate. As a Full Service Real Estate Operating Company, The Beal Companies has in-house:

  • Capital Resources for Investment & Acquisition
  • Brokerage & Leasing Expertise
  • Complete Property Management & Reporting Services
  • Construction Management
  • Legal Services

The Beal Companies has experienced and profited through several real estate downturns and contractions of the credit markets for over 120 years. During these periods, Beal has been willing to invest in and manage real estate where, due to various market forces and property conditions, the assets are not performing to full potential. Beal recognizes opportunities to add value to such properties, and the firm has the capacity to:

  • React quickly to such opportunities as they arise
  • Promptly assess problem areas, such as deferred maintenance or necessary capital improvements
  • Develop and implement marketing strategies in order to re-position an asset in the marketplace and to accelerate absorption of vacant space
  • Invest or co-invest with capital partners

The following properties are value-added transactions which Beal has recently acquired and successfully re-positioned with substantial value creation:

Arsenal on the Charles  – Managed Property for The President & Fellows of Harvard College
As advisor to The President & Fellows of Harvard College, Beal represented Harvard in the acquisition of this 750,000+ square foot office/research campus situated on the banks of the Charles River. At the time of purchase, The Arsenal on the Charles was one of the largest office redevelopments in the Greater Boston area and was nearly completely leased and occupied; however, shortly after closing, nearly one half of the complex (366,000 square feet) became available due to the corporate bankruptcy of the park’s largest tenant. Beal, as Exclusive Leasing & Managing Agent, acted quickly to establish a clear and aggressive marketing plan and was able to re-lease this space at market level rents within a 20-month timeframe. Beal continues to manage and lease this important asset for Harvard; the property remains 100% occupied.

Seaport Center (Former Fargo Building) – Owned & Managed Property by The Beal Companies & Rockpoint Group
In partnership with Rockpoint Group, Beal acquired this largely vacant 458,000 square foot building located in the heart of Boston’s emerging Seaport District in April, 2006. Through a succession of prior ownership groups, the property had fallen into financial distress. The Beal/Rockpoint team, sensing a change in the real estate market and capitalizing on the Seaport District’s emergence, purchased the property from a financial institution, immediately instituted a re-branding campaign and implemented an aggressive office leasing initiative. In the succeeding twenty-four month period, in excess of 225,000 square feet has been leased, bringing the occupancy rate from 30% to over 90%. Included in this absorption momentum is the recent 15-year lease signed with JP Morgan Chase for over 100,000 square feet, keeping this financial services leader in downtown Boston on a long-term basis, ending their contemplated relocation to a suburban office location.

One Kendall Square  – Owned & Managed Property by The Beal Companies & Rockwood Capital
In conjunction with their partner, Rockwood Capital, Beal recognized a clear “value-add” opportunity with the purchase of One Kendall Square, a 660,000 square foot mixed-use office, retail and laboratory project located on over 10 acres of land and situated in the heart of the life sciences cluster in East Cambridge. The partnership was able to acquire these assets at a price substantially below replacement cost. The project is currently undergoing a major capital improvement campaign, including all new common area hallways, lobbies and entrances, a complete restoration of the buildings’ exterior facades, all new landscaping and new way-finding signage. Additionally, the venture is in the process of evaluating the redevelopment of a portion of the site, currently occupied by older functionally obsolete structures, for more modern office and lab uses. Leasing activity for the existing office and lab space has been brisk, with rates exceeding ownership’s initial expectations.

The Clarendon  – Developed by The Beal Companies & The Related Companies
The Beal Companies, in partnership with The Related Companies, acquired an old post office and an adjacent parking lot and office building at the corner of Clarendon Street and Stuart Street in the Back Bay area of Boston. Construction is underway at the site on a Stern-designed, 33-story mixed-use project, which will include a blend of 178 rental apartments, 104 condominium residences, a 393-space underground parking garage, a new USPS Back Bay Post Office, retail shops and a restaurant. The two residential components will have separate entrances, and the project represents the first high-rise residential development in the Back Bay in over two decades. The existing 8-story office building is being completely renovated into 61,000 square feet of first-class offices with ground-level retail space.

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