"That's our goal," executive secretary Mark Erlich tells GlobeSt.com following Nercc's $5.8-million purchase of 750 Dorchester Ave., an option the group favored over continuing to lease space. The association hopes to expand the property's footprint, and is in the process of identifying an architect to develop a design. "It's going to take awhile," he says of opening the new facility, pledging to first meet with city officials and community members to hammer out the details.

The training center at 371-385 Market St. is on the edge of Boston's bustling Brighton Center retail district and just up the street from one of the emerging inner suburbs office enclaves that today houses the New Balance Shoe headquarters and a glitzy new studio for public television giant WGBH. The Market Street property, which totals approximately one acre, has been owned by Nercc since 1989 and has an assessed value of nearly $2 million. Selling is one option, says Erlich, but he stresses that no decision has been made on Nercc's strategy for the site.

Nercc acquired 750 Dorchester Ave. from a Wayland-based investment group, Tyott Co. The property is located just off the Southeast Expressway, offering access to Interstate 93 for Nercc's geographically diverse membership. The association represents more than 24,000 carpenters and affiliated trades workers in all six New England states.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.