Ferris Development Llc

Description

• Ferris Development Group specializes in the acquisition and management of commercial and residential real estate properties. The company prides itself on the ability to quickly acquire and convert distressed or underperforming properties into attractive, performing properties. The Ferris Development team of professionals are capable of handling projects of significant size, scope and complexity allowing the company to take on unparalleled opportunities.Founded in 2009, Ferris Development is a full service real estate development firm specializing in commercial and residential real estate management, construction, and acquisition. The team currently manages approximately 600,000 square feet of commercial office space in the Boston Metrowest market and has built out over 125,000 of square feet of Class A office space. Ferris Development also takes great pride in making significant value-add improvements and updates to common areas and grounds that make their properties more attractive to potential tenants.The core value of Ferris Developments approach to making properties more attractive and leases more competitive is demonstrated in their ability to lease up distressed properties. For example, Ferris Development acquired 325 Donald Lynch Blvd., a 77,000 square foot Class A office building, in 2010. The property was originally constructed as a single user property and had been vacant for over five years upon acquisition. Within 24 months, Ferris Development was able to fully lease the property while converting the building to a multi-user space and constructing high-end, custom suites for the tenants.Ferris Development also manages several residential properties and has overseen the construction of numerous other residential properties including new construction, modular homes, complete renovations and additions.
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  Headquarters: , Marlborough, Massachusetts, United States

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  Employees:8

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  Revenue:$1 - 10M

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  Legal Name:Ferris Development Llc

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• |  NAICS Code: 531110  |

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