FOR IMMEDIATE RELEASE
FRAMINGHAM, MA (July 21, 2026) — Calare Properties (Calare) today announced the acquisition of One Westinghouse Plaza Building K, a 42,000 sq. ft. industrial warehouse/flex condominium in Boston’s Hyde Park section. The urban property sits within a 22-acre, 10-building industrial and mixed-use site with a manufacturing history dating back to the early 1900s.
The building is nearly 50% leased to a long-term tenant with more than eight years remaining. The available 24,000 sq. ft. provides a unique opportunity for a tenant to secure a long-term lease in a market where quality industrial space is scarce. One Westinghouse Plaza offers 22-plus foot ceiling heights, four drive-in doors, four interior loading docks, outside industrial storage and abundant parking. Calare is in the process of executing a capital improvement plan to modernize the property.
“Quality industrial buildings of this scale are exceptionally rare in Boston, and that scarcity is exactly what drives our strategy,” said Tim Collis SVP at Calare. “Being part of an established, well-run campus gives us both immediate stability and long-term upside as we execute our planned capital program and long term leasing strategy.”
Boston’s urban industrial submarket remains one of the tightest in the region. Industrial warehouse and flex space in Boston’s urban core has become harder to find in recent years as demand has climbed and available supply has continued to shrink. Much of the older industrial stock in the inner Boston market has been torn down over the past two decades to make way for multi-family, retail, and office development, leaving few comparable buildings for tenants who need this type of space.
Building K is one of 10 buildings within the Westinghouse Plaza campus. Over the past 50 years, the site has evolved to include warehouse, manufacturing, retail, and residential uses. Located roughly seven miles from downtown Boston, One Westinghouse Plaza has direct access to Interstates 95/128, 93, and 90, as well as nearby rail service and Logan International Airport.
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About Calare Properties
Calare Properties is a private real estate manager and operator focused on acquiring warehouse, manufacturing, research, retail, and flex/office commercial real estate for the economic benefit of our investors and strategic partners. Since the firm’s inception in 2003, Calare has led the acquisition of over 20 million sq. ft. of properties representing $1.2 billion in transactions through funds, direct deals and a multi-asset portfolio. Further information is available on our website www.calare.com.
MEDIA CONTACT
Meghan Segien
Calare Properties
msegien@calare.com
978-307-0303