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One & Two Chestnut Place

Property Name: One & Two Chestnut Place
Location: Worcester, Massachusetts
Description:

Located in the central business district of Worcester, this asset is comprised of an 11-story high-rise building and a four-story low-rise building unified by a common plaza and underground parking facility. Combined, the buildings feature more than 218,098 rentable square feet.

One & Two Chestnut, accessible from the Massachusetts Turnpike, are in proximity to municipal facilities, hotels, banks, and restaurants.

The buildings feature a two-story atrium lobby with Portoro marble and finishes in granite and cherry wood. On-site amenities include 24-hour security, concierge and mailroom services, and a café and bake shop.

This asset was acquired as a part of the IPC US
REIT portfolio.

Year Built:

One Chestnut–1990
Two Chestnut–Late 1800s (Phase 1); 1950s (Phase 2); 1969 (Phase 3); renovated in 1988

Asset Size: 218,098 total rentable sq. ft.
Asset Submarket: Central Business District
Acquisition Date: December 2007
Tenant Mix:

Insurance, Financial

Investment of
Behringer Harvard
Fund(s):
REIT 1

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