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From its beginnings in 1970 in Woburn, MA, Cummings Properties has evolved into one of Boston's most prominent, full service commercial real estate development and property management organizations. Cummings Properties currently operates 10 million square feet of its own primarily commercial space in 10 metropolitan Boston communities. It is one of the most financially solid real estate firms in the country.
Among the Company's original substantial projects were the landmark Cummings Park, followed by adjacent Tower Office Park, the first major commercial real estate developments at Routes 128 (I-95) and I-93 in Woburn. Since its inception, the Company has served as its own general contractor, and it has built or rebuilt all of its structures. In the mid-80s it began acquiring properties in other communities, almost all of which required substantial renovations or rebuilding. A decade later, Cummings Properties' geographic base expanded to include Boston's historic North Shore with the creation of Cummings Center in Beverly.
Continuing new construction and acquisitions expanded the portfolio to include 81 large or very large buildings in greater Boston with 2,000 tenant firms. The very well located buildings offer offices, executive offices, production and distribution space, and prime restaurant locations. The firm, licensed as a Massachusetts commercial real estate broker, also has numerous buildings particularly suited for research and development work of all types.
On the residential side, Cummings Properties successfully developed single family homes, luxury condominiums, and full-scale Massachusetts retirement communities. The firm completed the 150-unit Place Lane Condominium in Woburn Massachusetts in 1986.
Today, more than 340 full-time employees represent the full spectrum of development, management, and construction disciplines. They continue the tradition of service from the Company headquarters at 200 West Cummings Park in Woburn, MA.
An additional 200 dedicated staff members operate two New Horizons retirement communities. The Company has donated $10 million to create these two outstanding not-for-profit New Horizons assisted living communities in Marlborough and Woburn, Massachusetts.