CIM Group Commences Construction of New Office Building in Boston’s South End

BOSTON–(BUSINESS WIRE)–CIM Group, in partnership with Nordblom Company, today announced they
have commenced the construction of a new 235,000-square-foot Class A
office building at 321 Harrison Avenue in Boston’s South End. The
eight-story mid-rise building is being built above an existing
three-story parking structure, which serves the neighboring 11-story,
242,000-square foot office building at 1000 Washington Street, also
owned by the partnership.

321 Harrison will offer modern office space with large
29,000-square-foot floorplates, floor-to-ceiling windows for abundant
natural light, multiple outdoor areas, balconies, and energy efficient
mechanical systems. The two office buildings will share a new
state-of-the-art fitness center, café, bike storage and front desk
services in the newly-constructed two-story shared lobby accessed from
separate building entrances. The new building will also include lounge
areas in the interior Living Room and common roof deck, where tenants of
both buildings can enjoy views of the Boston skyline. Construction on
321 Harrison is anticipated to be complete by the end of next year.

The property is centrally located in the South End in Boston, a
transforming neighborhood with an inviting walkable environment that
offers amenities including restaurants, shops, services, and nearby
transportation options. The buildings are located across from the
Massachusetts Turnpike (Rt.I-90), approximately 0.6 miles from the Back
Bay Train Station and 0.8 miles from South Station, both served by
Amtrak. The property is also served by the MBTA Silver Line with service
to the Seaport and Boston Logan International Airport.

CIM identified the Boston area more than a decade ago as possessing the
attributes that fit its community qualification criteria, which includes
established or emerging metropolitan areas with solid infrastructure and
transportation networks. CIM and Nordblom are applying their proven
development and operational expertise at both 321 Harrison and 1000
Washington to bring a new Class-A office building to the South End.
CIM’s portfolio of assets in Boston includes six parcels totaling 2.16
acres in Boston’s Fenway neighborhood, the 200 Stuart Street Garage, the
Motor Mart Garage, and the 95 Berkeley Street office building. For more
information about 321 Harrison, please visit www.321harrison.com.

About CIM Group

CIM Group is a community-focused real estate and infrastructure owner,
operator and lender. Since 1994, CIM has led more than $60 billion of
projects in metropolitan communities across the Americas on behalf of
its own account and for its partners and co-investors. CIM’s broad
in-house expertise includes decades of research, acquisition, credit
analysis, development, finance, leasing and property management
experience in real assets located in and serving densely-populated
communities, net-lease assets and other associated credit strategies.
Using its disciplined approach and extensive in-house expertise, CIM
seeks to create value in projects, which ultimately enhances
communities. For more information, visit www.cimgroup.com.

About Nordblom Company

Nordblom Company is a real estate enterprise with a 90-year history of
investing, managing and developing properties throughout the New England
region and select markets across the country. The company currently owns
office, commercial and multi-family properties in the New England and
Carolina markets and is committed to creating dynamic work and living
environments that further the quality of life for the people who occupy
its properties. Headquartered in Burlington, Massachusetts with offices
in Boston, Brookline, and Raleigh, North Carolina, Nordblom Company has
over 90 properties and excess of $1 billion in assets under management.
For more information, visit www.nordblom.com.

Contacts

Media Contact for CIM:
Karen Diehl
Diehl Communications
(310)
741-9097
[email protected]

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