Crosspoint Associates   Waltham Massachusetts

About This Sponsor

Crosspoint Associates, Inc. specializes in the ownership, management and development of supermarket anchored retail properties, community shopping centers, mixed use properties and office properties throughout New England. Crosspoint also provides development and management services to a number of national and local corporations and financial institutions. Our mission is to provide wealth enhancement to our Investors, Partners and Members through real estate investment management and development while providing our employees with a positive and rewarding work environment.

  • Geographic Regions: Northeast
  • Risk Profiles: Stabilized (5-8%)
  • Property Types Office, Retail / Shopping Center
  • Total Capitalization $493M
  • Gross Leasable Area 2,500,000 sqft

Company Overview

Crosspoint Associates is known for transforming troubled properties into viable real estate and replacing blighted buildings and shopping centers with pleasing new developments. Established in 1989, they specialize in the ownership, management and development of supermarket anchored retail properties, community shopping centers, mixed use properties and office properties throughout New England. Crosspoint also provides development and management services to a number of national and local corporations and financial institutions. Their mission is to provide wealth enhancement to their Investors, Partners and Members through real estate investment, management and development.

Acquisition Criteria

  • Location: New England
  • Property Type: Retail, Office and Mixed Use (Retail/Residential or Retail/Office)
  • Target Deal Size: $5–$120 Million
  • Anticipated Leverage: 60%–75% LTV
  • Minimum Target Return: 8%–15%
  • Projected Hold Period: Short or long term

Portfolio

Number of Properties 35
Gross Leasable Area 2.5 Million SF
Total Capitalization $493 Million
Major Tenants Hannaford Brothers
  Shaw's
  Thomson Reuters
  Trip Advisor
  Whole Foods
  Stop & Shop

Case Studies

Thomson Financial Portfolio

  • Acquired 10 Building 386,000 square foot portfolio in the Fort Port/ Seaport Section of Boston
  • Evaluated all aspects of property including building structure, soils, permitting, leases, financials, etc.

Star 6 Portfolio

  • Co-invested with Harvard Private Capital Group, an arm of the Harvard Endowment
  • Acquired 6 Star Market anchored shopping centers in Massachusetts from Star Market in a sale/leaseback transaction
  • Successfully expanded, re-tenanted and repositioned key properties within portfolio
  • Acquisition price was $58.

Newton Technology Park


575 Worcester Road


One Bow Street


Hooksett Village Shops

  • Acquired a 250,000 square foot Shaw’s and Wal-Mart anchored shopping center from Albertson’s, Inc.

Meredith Bay Shops


New London Shopping Center

  • Acquired a 110,000 square foot retail shopping center situated on Lake Sunapee.

Executive Team

John W. Hueber
Managing Principal

Managing Principal and Founder of Crosspoint Associates, Inc., John W. Hueber has been involved in the real estate investment and development industry since 1979. Although involved in a wide range of development, retail shopping centers have been a significant focus of attention for over thirty years. Mr. Hueber received his BA from Boston College and his MBA from Babson College. Mr. Hueber has provided strategic direction to Crosspoint as its president since 1989. Memberships: ICSC and NAIOP.


James F. Carlin
Managing Principal

James F. Carlin III has been involved in the real estate business since 1985 and joined Crosspoint in 1993. His primary focus is procuring capital for retail and commercial properties. Mr. Carlin also oversees the acquisition investments for the company. Over the course of his career, Mr. Carlin has fostered relationships with many financial institutions, resulting in over $500 Million of joint venture partnerships. Prior to joining Crosspoint, Mr. Carlin worked as a mortgage broker for Meredith & Grew (now known as Colliers International) from 1986 through 1993. Mr. Carlin received his Bachelor of Arts from St. Lawrence University and Masters in Business Administration from Babson College. He is a former board member of the Massachusetts Health and Education Trust, Chart Bank, as well as Carlin Insurance. He currently serves on the board of the following organizations: Alpha Analytical Labs, The Rivers School, Boston Chamber of Commerce and NAIOP.  Memberships: ICSC and NAIOP.


Jonathan Hueber
Director of Acquisitions and Leasing

Jonathan joined Crosspoint Associates in November of 2009. His role as Director of Acquisitions and Leasing is to inventory existing real estate in New England in an effort to find well-located real estate that may be underutilized or poorly managed so that Crosspoint can add value. He also works on the leasing of existing properties in the Crosspoint portfolio. Prior to joining Crosspoint Jonathan worked at the Staubach Company as a leasing associate. He found new locations throughout New England for several national retail tenants as well as represented numerous commercial retail owners/developers with the leasing and sales of existing and new shopping centers. Jonathan is an active member of International Council of Shopping Centers, Next Generation, NAIOP, and is a certified real estate sales person in Massachusetts. He holds a bachelor’s degree in business management from the University of Colorado at Boulder.

Press

Crosspoint Breaks Ground on Newton Nexus

June 29, 2016 www.crosspointassociates.com

Crosspoint Associates, Inc. broke ground recently to mark the start of construction for its highly anticipated mixed-use development, Newton Nexus... read more


Transformation planned for TripAdvisor's former Newton HQ

August 31, 2015 Boston Business Journal

TripAdvisor's lavish new headquarters in Needham made many a headline this summer— but the former location for the travel website is set for a new life of its own.... read more


Crosspoint Cashes Out In Fort Point For $183.5M

April 15, 2015 Banker & Tradesman

Waltham-based Crosspoint Assoc. has completed the sale of its 10-building office portfolio in Boston's Fort Point to Invesco Advisers of Dallas for $183.5 million.... read more


New Look Possible for Manchester Shopping Center

October 29, 2014 The Manchester Journal

Significant developments might lie in store for the Manchester Shopping Center if a redevelopment proposal passes muster before a Development Review Board hearing on Nov. 12.... read more

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