CAMPAIGNS  ›  Real Estate Deal  ›  Brickbottom Lab

Property

Brickbottom Lab

Somerville, MA
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$1,500,000 USD

Pledged

Overview

North River Company (“NRC”) and Jeffrey A. Leerink (“Leerink”) have formed a joint venture partnership (“NRL”), which is under contract to acquire 28 Fitchburg Street, 14-20 Chestnut Street and 86 Joy Street in Somerville, MA. NRL is also currently negotiating to acquire the neighboring 150 Inner Belt Road (the “Development Properties”). This assemblage totals approximately 8 acres of developable land in Somerville’s Brickbottom and Inner Belt Districts. The Development Properties are directly adjacent to the new East Somerville Station that will be a part of the $2.1 billion MBTA Green Line Extension (GLX), scheduled for completion by December, 2021. NRL plans to construct a mixed-use development focused on lab office and creative office space, with supporting retail amenities. Additionally, the Development Properties are located within a federally-designated Qualified Opportunity Zone.

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Partnerships

Prepare4vc

Prepare 4 VC operates a startup consulting and advisory practice, a global community and an accelerator program that serves as a trusted resource for all EVP startups and investors.

Cambridge Capital Advisors

Cambridge Capital Advisors (CCA) is a commercial real estate firm that provides strategic brokerage and consulting services to both private and institutional clients throughout the country on the acquisition and disposition of investment properties. CCA serves as a strategic partner for real estate transactions.


EQX Fund

EQX is a micro VC fund investing in early stage technology, healthcare and consumer product ventures. EQX Fund is proud to partner with Boston Harbor Angels the third largest U.S Angel group. This is a unique opportunity open to all EVP investor members.

Millenium Trust Company

We have teamed up with Millennium Trust to allow investors to use their self-directed IRAs to invest tax-free in our opportunities.

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