Investments & Acquisitions
Combined Properties has acquired and developed commercial properties for use as office, R&D, manufacturing, warehousing, distribution,
retail, medical and residential facilities. Over the decades, Combined Properties has earned a
reputation for flexibility and reliability in bringing even the
most complex acquisitions
with intricate tax, zoning or environmental factors, to a successful close. We have the
necessary experience to structure a deal that works for all
parties involved. An example is the repositioning of a retail strip in the center of Malden which CPI purhcased and improved with new amenities and a new facade, which quickly resulted in 100% occupancy. Another example is the 160 Pleasant St Apartment community in Malden Center which Combined Properties built on the site of two obsolete office buildings.
Development
With building types ranging from suburban corporate campuses like Centennial Park, Peabody, to downtown
retail centers like Centre Street in Malden, and with uses including R&D, technology, and health care,
Combined Properties’ has experience surmounting developmental hurdles. Whether it is for speculative or built-to-suit development, on a project-by-project
basis we construct a comprehensive team that will be most suited to develop
properties of highest quality with aesthetic, functional and economic
appeal. One example is 195 Canal Street, the site of an old factory: CPI performed extensive environmental clean up the site, constructed a new first class building, and worked with the new tenant Cambridge Health Alliance who then completed the build-out to their specs.(More information) Combined Properties selects consultants, architects, engineers, contractors
and specialists who produce superior environments and who are adept in
addressing complex zoning, construction and environmental concerns. Combined Properties has the resources to complete financing for all projects,
has good relations with a variety of lenders, and completes all projects
in a timely manner.
 Marketing & Leasing
We are actively engaged in market research in order to develop properties
that meet the demands of current needs. We take into consideration the
functional, aesthetic and economic needs that our buildings may serve. Combined Properties takes great care in customer selection. We understand
that the process of leasing any size space is typically one of the most
important decisions a prospective customer will make. Our leasing professionals
work hand-in-hand with every prospect to ensure that the optimal match
is achieved. We conduct in-house leasing supplemented by outside professionals
as necessary.
Planning and Architecture
Combined Properties undertakes a comprehensive planning
process for all projects, whether it is planning for new development on a speculative basis, building to suit, or the redevelopment of existing
structures. Budgets, aesthetics, permissible land use, functional needs, long-term maintainability,
safety and security concerns are all taken into consideration. Our planning professionals examine past, present
and possible trends associated with the goals of our customers,
current market needs, and the requirements of the communities in which
our properties are located to ensure that each project meets immediate needs and will be viable for the future. Working with our in-house Project Architect, we select the right
team of architects to meet the high functional and aesthetic
standards we demand. The firms we work closely with have a high level of expertise and will create the best possible space for each specific challenge.
Permitting and Approvals
Combined Properties appreciates the importance of understanding the communities in which we own and develop property. We communicate
frequently and have good relations with public officials in these areas. We regularly work with the multitude of federal, state
and local laws and regulations governing real estate development and
use. We are experienced in matters relating to wetlands, rivers, air
and water quality, traffic and parking, zoning, historical restrictions
and environmental regulation. Our experience in
this area has allowed us to establish excellent working relationships
with public authorities and agencies.
Financing
Combined Properties has decades of experience with structuring real estate
financing. Our capital structure is conservative with low debt, thus,
our relations with lenders have been strong and we have been consistently
successful in obtaining financing for projects. As our tenants are from a broad specturm of industries,
our exposure to adverse economic conditions in any one particular industry
is low. Our proactive
lease renewal program has helped us maintain strong occupancies with
laddered lease maturities. Because of our customer-first philosophy, we help our customers finance
tenant improvements.
Construction
Combined Properties works with planning, engineer and architectural
firms to create and manage construction schedules, activities
and budgets in accordance with our customers’ business needs and
aesthetic desires. Regardless of size or condition, we are prepared to handle the project be it office, R&D, industrial, warehousing,
distribution, retail, medical or residential facilities. We will do
it all - from the ground up – to refitting a
1,000 square foot office. We bring years of experience as property managers to
each project. We place strong emphasis on minimizing disruption to daily
business operations during the implementation of all projects. We ensure
the highest level of expertise for all projects.
Environmental Management
Development projects with environmentally challenging elements are of interest to us. Combined Properties has years of experience working
with brownfields redevelopment and has expertise in both land and water use.
We can obtain permits and special approvals and work with professionals
from the environmental fields to ensure that any development or redevelopment
project is carried out with attention to detail and by code. |
