This month, an Atlanta-based real estate company Jamestown Properties acquired the lease for the Bronstein Center, reports the Boston Herald.
The Center, which stands as the largest building in South Boston at 830,000 square-feet, was acquired by Millennium Partners back in 2011. Millennium Partners is a New York developer active in Boston’s real estate market.
Some speculate a renovation might be on the horizon. Millennium Partners recently hired Davis Square Architects to facilitate the conversion of the industrial center into a commercial/retail space. The principal at Davis Square Architects says they will be meeting with Jamestown Properties regarding renovations soon.
Given the size and location of the building, there are opportunities for development. Melina Schuler of Boston’s Economic Redevelopment and Industrial Corporation foresees facility improvements and possible investment in the property.
The transaction was confirmed by the city, but the specifics were not available.