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Page 1: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

84,868 SF AVAILABLE

Page 2: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

28 FITCHBURG STREET

SOMERVILLE MARKET OVERVIEWThe Property is located in the City of Somerville, the most densely populated community in New

England consisting of only 4.2 square miles and 78,901 residents. Known for its unique mix of

families, young professionals and students, Somerville has become a hotbed of innovation and

arts built upon its proximity to MIT, Harvard University and Tufts University, three well-respected

educational institutions.

Greentown Labs, the largest cleantech startup incubator in the U.S., relocated to Union Square

from Boston’s Seaport District, seeking to capitalize on Somerville’s emerging technology scene.

Additionally, the City’s growing selection of restaurants, bars and entertainment options in Davis

Square, Assembly Row and Union Square has invigorated the nightlife scene.

The $2.3 Billion Green Line Extension

Project will extend the subway from

a relocated Lechmere Station in

East Cambridge to Union Square in

Somerville and College Avenue in

Medford. The project was approved

in April 2017 by the Federal Transit

Authority with $1 Billion in federal

funding and is scheduled for

completion by 2021, with the first

station in Union Square opening that

summer.

28 Fitchburg Street will benefit from

the greatly improved local and regional

mobility, as trains will operate every

five to six minutes in peak rush-hour,

providing fast and efficient service

to and from downtown Boston. The

project, once completed, will feature

over 4 miles of light rail service and six

new MBTA stations.

GREEN LINE EXTENSION

Page 3: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

84,868 SF AVAILABLEUNION SQUARE REDEVELOPMENTUnion Square, located steps from 28 Fitchburg

Street, is the largest and most vibrant commercial

neighborhood in Somerville, hosting an eclectic mix

of artisanal foods, exercise outlets and exciting social

clubs. The area was recently approved for zoning

changes that will allow a mixed-use, transit-oriented

development to commence in 2018. Master developer

US2 will undertake the $1 Billion project as it is built out

in several phases over the next decade. At completion,

the project will total 950 residences, 1.38 Million SF of

office, lab, retail, hotel and arts space, all centered on

the future Union Square Green Line station.

The development is estimated to generate more than $10 Million in annual tax revenue and permitting fees for the City,

while creating over 5,000 new permanent jobs and 4,000 construction jobs.

NORTHPOINTLess than a mile from 28 Fitchburgh Street is the largest remaining master-

planned in-fill development site in the Boston metro area. NorthPoint spans

45-acres and is entitled for over 5 Million SF of development. Currently

under construction by DivcoWest, two residential and multifamily buildings

have already delivered, with the 17 remaining parcels consisting of 2.4

Million SF of residential and 2.1 Million SF of commercial space, in addition

to 11 acres of open area adjacent to the MBTA Green and Orange Lines.

NorthPoint is transforming the once forgotten former rail yard into a first-

class destination for tenants and residents alike.

ASSEMBLY SQUAREThe largest development to date to invigorate and

modernize the City of Somerville was Federal Realty’s

Assembly Row. Combined with the existing Assembly

Square marketplace, once completed the district

will include almost 1 Million SF of premium retail and

restaurant space, 3 Million SF of office, a 160-room hotel,

almost 2,000 state-of-the-art residences and a six-acre

waterfront park, altogether spanning 40 acres of land

that is easily accessible via the MBTA Orange Line and

right off Exit 28 of I-93. Partners Healthcare’s decision

in 2013 to move their headquarters into 825,000 SF at

Assembly Row was a major milestone for Somerville’s commercial real estate market.

About Federal Realty For twenty years, the Trust has been a leader in creating urban style projects with retail as the focal point of the neighborhood. High-density, mixed use projects are complex. To be success- ful it takes a hands-on manager who understands and prioritizes the needs of retail tenants. Federal Realty focuses on the details including access, signage, parking, merchandising mix, loading, visibility, storefront design standards, column spacing, ceiling heights, marketing and architecture. The Trust has all of this expertise in-house and can execute better than anyone in the industry. More importantly, it allows tenants to spend their valuable time focused on their business. A trusted partner, a good investment.

19

“It was not whether we were going to help

with this project, it was how. This is the

poster child for what we should be doing

across the Commonwealth.”

- Jay Gonzalez, secretary of administration and �nance for Governor Deval Patrick

14

Full Build with Marketplace:

| 972,000 SF Retail

|

| 1,700 Apartments

| 122 Condos

| 160-Key Independent Hotel

| 11,900 Parking Spaces

| Assembly Row T Station

| 6 Acre Waterfront Baxter Park

1218

Page 4: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

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WALKABLE & BIKEABLE AMENITIES: Within a 5-minute walking radius, there are numerous retail, dining, residential and hotel offerings including both eclectic, local options in Union Square and Inman Square, as well as convenient mass retail at nearby Twin City Plaza and a Super Target.

Page 5: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

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Twin City PlazaCambridgeSide GalleriaSuper TargetAssembly Row

Cambridge Street RestaurantsKendall SquareUnion SquareInman Square

Lechmere T Stop Kendall Square T StopFuture Union Square T StopFuture Washington St T StopSullivan T Stop

Twenty |20 ApartmentsZinc ApartmentsAvalon NorthPointMillbrook LoftsMillers River Apartments

Shop

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WITHIN A ONE MILE RADIUS:

55+ Restaurants & Cafes

2 Bike Shops

129+ Total Retailers

2,849+ Apartment Units

Page 6: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

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2.1M SF Commercial Space3,000 Residential Units

11 Acres Open Space

Future location of ArtFarm - Somerville’s proposal for a

self-sustaining art and urban agriculture laboratory.

CAMBRIDGE STREET

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ACCESSIBILITY

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GREEN LINE EXTENSIO

N/BIKE PATH

Brickbottom Artists Association

Page 7: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

UNION SQUARE

GOLD STARMOTHERS PARK

CAMBRIDGE STREETDONNELLY

FIELD

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CHARLES RIVER

LONE STAR TACO BAR

5 -15 MINUTE WALK

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KENDALL SQUARE

Page 8: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

INDUSTRIAL SPACE AVAILABLE

84,868 SF OF

Level 2: ±7,659 SF

Level 1: ±50,161 SFA: 24,320 SFB: 25,841 SF

Lower Level: ±27,048 SF

AB

Page 9: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

Building Area ±84,868 SF

Total Avail. SF ±84,868 SF

Building A ±24,320 SF

Building B ±60,548 SF Warehouse ±25,841 SF Office ±7,659 SF Lower Level ±27,048 SF

Land Area ±2.6 acres

Ceiling Height Building A ±27’ clear Building B ±34’ clear Lower Level ±10’ clear

Loading Building A To be added Building B 4 loading docks (Expandable)

Parking ±28,627 SF paved lot ±85 surface spaces available

Bay Spacing Various

Floors Reinforced concrete slab

Utilities Water City of Somerville Sewer City of Somerville Electric Eversource* Gas Eversource*

Power 800 A / 480v 3p 4w

Lighting T-5 on sensors

HVAC Warehouse 100% heated Office Full A/C and Heat

Sprinklers Wet system

BUILDING SPECS

Page 10: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

FLOOR PLANS

BUILDING A±24,320 SF

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Page 11: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

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BUILDING BLEVEL 1 ±25,841 SF

BUILDING BLOWER LEVEL ±27,048 SF

BUILDING B LEVEL 2±7,659 SF

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Page 12: 84,868 SF AVAILABLE - LoopNet · Assembly Row was a major milestone for Somerville’s commercial real estate market. ... The Trust has all of this expertise in-house and can execute

Rob ByrneManaging Director+1 617 204 4113

Scott GredlerSenior Director+1 617 204 5975

Philip VerreAssociate+1 617 204 4124

CONTACTS: