PORTFOLIO
WHAT WE DO AND HOW WE WORK
At Abbott Investments, we focus on the intersection of real estate and renewable energy. We aim to focus on sustainable projects that do not have any adverse societal or environmental attributes. This standard has guided our company for 50 years, and we choose not to compromise it for short-term gains. We prefer to focus on net-positive projects. Most of our projects cater to mass markets and feature a values-based platform for investing in buildings, tenants, communities and more. We typically look to be part of the sponsorship group which allows us to use our ability to place or attract capital, assist in acquisitions or permitting, and bring our solar and energy expertise to the table.
Abbott Investments has ownership interests in nearly two dozen properties throughout New England in a variety of asset classes and building types via control and non-control positions. Abbott development activities include the purchase, design, and development of under-managed properties, working from scratch, in order to accommodate the needs of the community or business. Michael has extensive experience with solar energy systems, and he enjoys incorporating them into the redesign and redevelopment of buildings. He built a rooftop solar system on a United Rentals occupied facility on Southampton Street in Boston that was the first United out of its more than 1100 locations across the US.
SELECT PROJECTS
133 Southampton Street
Boston, MA
A legacy asset owned by the Rothschild family for several decades, this was the original home of the family owned equipment rental company which was sold to United Rentals in 2000. United Rentals has been there continuously since that time. Among the countless improvements Abbott has made is a roof top solar array that produces all of the electricity the building requires.
33 Bradston Street
Boston, MA
In conjunction with a group of other investors, Abbott Investments identified this underperforming asset in Boston’s Newmarket neighborhood. After making significant upgrades and capital expenditures the property was repositioned and sold to another investor within a very profitable eighteen-month time frame. Abbott played a significant role as one of the largest investors.
40 Robbie Road
Avon, MA
In conjunction with a group of investors, Abbott Investments purchased 40 Robbie Road in Avon, MA.
This 155,000 sf industrial building was under-managed and underperforming. With an extensive capital plan including a rooftop solar asset, it will be repositioned with significant value added via lease renewals and other operating efficiencies.
Limited Partnerships and Syndicated Offerings
Abbot Investments has successfully executed on a long-term strategy of participating as an active limited partner in syndicated offerings, bringing robust analytical capabilities and differentiated market insights to the table. Representative investments include:
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Stratford, CT - Ground up development of Sunbelt Rentals, preferred equity, closed
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Riverdale, Newton, MA – 50,000 sf light industrial, closing and converting to ground up residential project
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Chicopee, MA - 450,000 sf manufacturing and distribution, open investment
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Nashua, NH - 450,000 sf light industrial, open investment
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9 Stuart Rd, Chelmsford - 300,000 sf light industrial (manufacturing) open
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70 Leo Birmingham Parkway, Brighton, MA - 80,000 sf ground up residential
Indigo Block 65 East Cottage Street
Dorchester, MA
While serving in his role as President of the non profit entity Newmarket Community Partners, Michael was instrumental in bringing this 3 acre site in Dorchester from blighted to groundbreaking. Under Abbott’s guidance and with Michael in a hands-on role, the non-profit participated as an equity partner in the project without putting up any capital or as a guarantor of any loans. The mixed use project includes 80 Low and Moderate Income apartments combined with 20,000 sf of light industrial space. All of the economic benefits derived from this project will stay within the non-profit where they will flow directly back into the community.
1030 Massachusetts Avenue
Roxbury, MA
As part of the 501(c)3 Newmarket Community Partners organization, Michael was the lead proponent behind a development concept for the city-owned lots opposite 1010 Mass Ave. in Boston. The proposed project will help to reinvigorate Clifford Park and create gathering spaces for the community that have not existed to date. The project is substantial in scope with a projected total development in excess of $120M if enacted. It is on hold at the moment pending completion of the City’s planning study for the Newmarket area which is underway.