Boylston Props. to develop 160,000 s/f office building at 480 Arsenal St.; designed by Spagnolo, Gisness & Associates

According to Cassidy Turley, Boylston Properties is planning to renovate an existing warehouse building at 480 Arsenal St. into a new 160,000 s/f office building designed by Spagnolo, Gisness & Associates. Boylston Properties is a Boston-based real estate development firm that has developed office, retail, residential, and hotel properties. "The east end of Watertown is experiencing a renaissance, and the addition of this transformative work environment will add to the high level of energy and momentum generated by the commercial and residential development which is currently underway," said William McQuillan, president of Boylston Properties. "We look forward to the influx of young professional tenants that this revitalization will bring." Though construction of 480 Arsenal St. has yet to begin, the finished product will offer a unique and fresh work environment which fosters collaboration and encourages interaction. Presenting a fun and dramatic design aesthetic, this building truly offers a distinct alternative to traditional office space. Providing an abundance of natural light and connectivity to the site's many outdoor amenities, this space offers high ceilings and the flexibility to accommodate open office concepts. The site is rich with outdoor amenities, including multiple courtyards and an expansive green space focused on recreation, outdoor gathering and collaboration. Offering walkable access to the many restaurants and retail options offered at the adjacent Arsenal Project, the site also provides abundant parking and a direct connection to bicycle and pedestrian paths which will connect to the Minuteman Bikeway and the Charles River. The planned project at 480 Arsenal St. is one aspect of the larger redevelopment plan for Watertown that began in 2013 with the goal of transforming the area into a hub for technology-related companies and an emerging class of young professionals. Boylston Properties is a key player in this redevelopment, as it has already purchased the 225,000 s/f Arsenal Mall, with plans to renovate and redevelop the site. Additionally, Boylston is planning a 148 suite Marriott Residence Inn on Arsenal St., and hopes to be under construction in Q2, 2015. "As Watertown vies to strengthen its position as a hub for technology in the Boston area, this new, forward-looking office building is exactly what the city needs to reach that goal," said Duncan Gratton, executive managing director and principal at Cassidy Turley. "With such close proximity to Cambridge and Boston, Watertown is an ideal location for growing businesses." About Boylston Properties Boylston Properties is a 33‐year‐old Boston‐based developer of urban mixed‐use projects including retail, residential, office, and research buildings. The company draws upon urban and suburban development experience on its own or with partners in the Northeast U.S. markets, many in the Greater Boston area. www.boylstonproperties.com. About Cassidy Turley Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Please visit www.cassidyturley.com for more information. Cassidy Turley announced in a press release on September 22 that it has entered into an agreement with an affiliate of DTZ Investment Holdings, backed by TPG, PAG Asia Capital and Ontario Teachers' Pension Plan (the Consortium that agreed to acquire DTZ), to sell 100% of the equity interests of Cassidy Turley. The agreement is subject to customary closing conditions and is dependent on Cassidy Turley's combination with the operations of DTZ Group (DTZ) to create a global, full-service commercial real estate services company. The Consortium's acquisition of DTZ is currently scheduled to close in early November 2014. The acquisition of Cassidy Turley is expected to close on December 31, 2014. About Spagnolo Gisness & Associates Spagnolo Gisness & Associates, Inc. (SG&A) was founded in 1991 by Al Spagnolo, Bill Gisness and Jeff Tompkins. Our design aesthetic is simple: it's yours. As a full service architectural, interior design, planning and environmental graphics firm, SG&A is built around a strong design culture that is truly client inclusive. Our passion for great design derives from the successful integration of creative solutions with unique client needs. With 50 architects, interior designers, environmental graphic designers, project managers and support staff, our success is based upon our ability to manage complex design programs, budgets and schedules for a diverse range of project types. Please visit http://sga-arch.com/ to learn more.