Legacy Property

Portland Street


Boston, MA

Cathartes bought this 70,000 square foot building in 2000 for $6.6 million as part of a joint venture with AEW Partners IV, LP. The building is located at 121 Portland Street in North Station district of Boston.

Built in 1930, the six-story, brick and reinforced concrete building was originally used as a parking garage and was vacant at the time of purchase. Plans for the property included a complete redevelopment and leasing program.

As the Big Dig comes to completion and the subway infrastructure is renovated, this area of the city is expected to see a tremendous increase in value.

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