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Crosspoint Associates, Inc. Acquires Porter Square Galleria in Cambridge, MA

Cambridge, Massachusetts – September 6, 2024 

Crosspoint Associates is pleased to announce the acquisition of Porter Square Galleria, a Target-anchored shopping center prominently located in the Porter Square neighborhood of Cambridge, MA. Positioned across from Porter Station (MBTA Red Line / Commuter Rail Fitchburg Line), the property totals 55,610 square feet and is occupied by Target and a complementary mix of retailers including Retro Fitness, One Medical, Citizens Bank, Anna’s Taqueria, and Santander ATM. 

The acquisition represents Crosspoint’s fourth joint venture with Long Wharf Capital and adds yet another core-quality asset to Crosspoint’s growing portfolio. The property also becomes Crosspoint’s second asset in Cambridge, MA.

About Crosspoint

Crosspoint is a real estate investment, management, and development company with over three decades of successful industry experience. We own and manage real property investments primarily in the greater New England area and select markets across the east coast offering individuals, family offices and institutional partners direct access to the best real estate opportunities. We seek to acquire, develop, and manage a real estate portfolio of the region’s best properties, always endeavoring to transform the communities in which we do business for the better along the way. 

Crosspoint Associates to Build New Neighborhood Center in Concord

Crosspoint Associates, Inc is thrilled to announce that it has completed the acquisition and
permitting of a 15,000 SF property in Concord, MA, where it plans to build a new neighborhood
center that will feature three restaurants and a bank.

Situated at 768 Elm Street, just off Route 2, the site was formerly occupied by the beloved Papa
Razzi Restaurant, which closed its doors in July 2023. Following comprehensive planning and
collaboration with the Town of Concord, Crosspoint secured approvals for the construction of the
new building on January 16th, 2024. Construction is expected to begin in July 2024, just one year
after Papa Razzi closed its doors.

The upcoming development promises to be a vibrant hub for the Concord community, offering
three new dining establishments complete with outdoor seating, alongside a regional bank equipped
with a remote ATM. This mix of culinary and financial services is designed to cater to a wide range
of needs, enriching the local lifestyle.

“We are excited to bring this project to life and create a vibrant destination for the residents and
visitors of Concord,” said Kerry McCormack, PE, Director of Development at Crosspoint
Associates. ” Our talented design team and carefully selected tenants are committed to elevating the
property’s appeal, ensuring a positive impact on the community.”

About Crosspoint

Crosspoint is a real estate investment, management, and development company with over three decades of successful industry experience. We own and manage real property investments primarily in the greater New England area and select markets across the east coast offering individuals, family offices and institutional partners direct access to the best real estate opportunities. We seek to acquire, develop, and manage a real estate portfolio of the region’s best properties, always endeavoring to transform the communities in which we do business for the better along the way. 

Crosspoint Associates Acquires Brookside Shops in Acton, MA

Brookside Shops, encompassing 75,529 SF of leasable space, is a premier retail destination located on the busy Route 2A/Great Road, which sees over 28,000 vehicles per day. The center offers a diverse mix of national and local tenants, including Trader Joe’s, Talbots, Staples, X-Golf, and KJs Cafe. With great visibility, easy access, and ample parking, Brookside Shops attracts shoppers from the affluent surrounding communities of Acton, Concord, and Carlisle.

“We are thrilled to add Brookside Shops to our portfolio of high-quality retail properties in the Greater Boston area,” said Jonathan W. Hueber, Managing Principal of Crosspoint Associates. “We see tremendous potential in this well-located and well-tenanted center, and we look forward to enhancing its value and appeal to both tenants and customers.”

About Crosspoint

Crosspoint is a real estate investment, management, and development company with over three decades of successful industry experience. We own and manage real property investments primarily in the greater New England area and select markets across the east coast offering individuals, family offices and institutional partners direct access to the best real estate opportunities. We seek to acquire, develop, and manage a real estate portfolio of the region’s best properties, always endeavoring to transform the communities in which we do business for the better along the way.