NEWTON, MA — In a move signaling growth and strategic expansion, Commodore Builders has officially relocated its headquarters to a newly acquired office building in West Newton.
The Boston-based construction firm’s relocation is part of a larger real estate transaction in which a group of investors, including Commodore’s CEO Joe Albanese, acquired the property for $23.8 million.
The acquisition, reported by the Boston Business Journal, involved the purchase of 1210-1230 Washington Street, a three-story, 96,000-square-foot office building complete with an adjacent parking garage.
The buyers, led by Albanese alongside Bill Cress of Cambridge’s Prospectus LLC, closed the deal on Monday. The building had previously been owned by a joint venture between The Davis Cos. and Marcus Partners, who originally purchased the property in 2005 for $16.6 million.
According to Albanese, Commodore’s move to the new office was completed on Tuesday, with the company taking up 30,000 square feet of space in the building, according to BBJ.
This relocation will house approximately half of the company’s workforce, which consists of around 240 employees. The remainder of the team will continue working on-site at various project locations across the region.
The relocation and acquisition underscore Commodore Builders’ ongoing commitment to growth. With a history of executing high-profile construction projects throughout the Boston area, the company’s move into a larger office space reflects both its increasing size and its expanding role within the local real estate and construction industries.
Commodore Builders: A Leader in Boston’s Construction Sector
Founded in 1983, Commodore Builders is a renowned construction management firm that specializes in delivering complex and high-quality construction projects for a wide range of industries, including commercial, residential, and institutional sectors. Over the years, the company has earned a reputation for its expertise in managing both large-scale projects and intricate, high-end renovations.
Commodore Builders has been involved in several significant developments across the Boston area, contributing to the transformation of the city’s skyline and the surrounding communities. Its portfolio includes a mix of office buildings, academic facilities, multifamily residences, and cultural institutions.
As the company has grown, so has its real estate footprint. The decision to move its headquarters is part of a broader strategy to enhance its operational efficiency and position the company for continued success in an ever-competitive construction market. The new office at 1210-1230 Washington Street not only offers more space but also reflects the company’s forward-thinking approach to both construction and corporate growth.
The acquisition of the building by Commodore’s leadership group is notable for its potential to expand the company’s influence beyond the construction site. The deal with Prospectus LLC also ties Commodore to a broader network of real estate expertise, potentially opening doors to future collaborations and developments.
Looking Ahead
As Commodore Builders settles into its new headquarters, the company’s strategic focus will likely remain on delivering high-quality projects while continuing to evolve in response to the growing demand for sustainable, efficient, and innovative construction solutions. The firm’s headquarters move to Newton is just one example of how the company plans to capitalize on its established reputation while preparing for the future in a rapidly changing industry.
For now, the firm’s shift in headquarters marks the beginning of a new chapter for Commodore Builders, one that positions the company in the heart of Newton’s burgeoning business landscape.
(Click here to read the BBJ article.)
