Riverside Corners was purchased as part of a three asset portfolio (Liverpool Investors Portfolio) in October 2003. The property has a strong location in downtown Westport, Connecticut and sits on the water at a high visibility corner near the Main Street retail district of Westport. The property provided strong cash flows and a diverse tenant mix. Westport, CT is one of the gold coast towns in Fairfield County that is a bedroom community to many affluent individuals. The Main Street area is well known for its high-end retail shops and restaurants.

In December of 2004, Abbey Road Advisors purchased 55 Railroad Avenue as a joint venture with the Willet Companies and Warren & Partners for a then-record price of $742 per square feet. Abbey Road Advisors was attracted to this investment and willing to pay the price because of the building’s quality construction which was enhanced by $6mm in recent renovations, its premier location immediately adjacent to the Greenwich train station and the strength of the area’s financial service industry which comprised the bulk of the building’s strong tenant roster. The challenge was to capitalize on the anticipated market rent growth and justify the then record acquisition price by meeting investor’s expectations through stable projected returns.

In July of 2005, Abbey Road Advisors purchased 399 Boylston Street as a joint venture with Rockwood Capital. Abbey Road Advisors was initially attracted to the investment because of the asset’s quality physical construction, superior finishes and outstanding location in a supply-constrained Back Bay submarket of Boston, MA. The challenge was to lease-up the approximately 41,000 square feet of existing vacancy (18% of the building) and manage the impending rollover of almost 140,000 square feet or 60% of the building.