OVERVIEW

139,500SF single-tenant property on 12.7 acres in Taunton, MA. Originally purchased as a heavily built-out Verizon call center.

OPPORTUNITY

Opportunity to reposition the building for traditional industrial warehouse use given the market demand, Berkeley’s basis on the building, and site flexibility.

REPOSITIONING INITIATIVES EXECUTED

Communicated with Verizon consistently about their leasing plans, and actively pursued repositioning plans, which commenced as soon as their lease expired. Successfully pre-leased the space above underwriting and delivered the project at its anticipated repositioning budget.