201-207 South Street

Boston, MA

Project summary

Partner: Juster Properties

Boston, MA

Total SF: 74,000


Juster Properties


  • Office
  • 74,000 SF


February 2016 – Current


  • Off-market sale
  • 100% leased at time of purchase with in place rents 35% below market
  • Historic “loft-style” building in the burgeoning leather district
  • Outdated tenant build outs and building systems
  • Brick and timber interiors well suited for TAMI tenants
  • Located across from The Boston Redevelopment Authority’s 5.5 acre DOT redevelopment and close to South St. Station

Value Add / 

  • Received city approval to cut in windows on the south side of the building to bring in more light to previously dark suites
  • Created building wide pre-built program to be executed as space rolls to facilitate leasing and limit downtime
  • Additional planned capital improvements include: new elevators, a revamped lobby and a basement amenity space
  • Significant value increase due to improved market dynamics in the leather district
  • Long term hold