• Kensington investment company

Totals

Total Square Footage 471,300
Total Dollar Volume $8,800,000.00

General

Established 1983
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Kensington Investment Company, Inc. (KIC), founded in 1983, is the family office of the Lewis family and a Boston-based investment firm with an international focus. KIC’s primary areas of investment include real estate, direct investments in private companies, and investments in alternative investment vehicles, such as private equity and venture capital funds.

From our offices in Boston, Massachusetts, and Kensington, New Hampshire, we currently own and manage over two million square feet of residential and commercial property. Our real estate portfolio is focused on Boston, Massachusetts and southern New Hampshire, but also includes property outside the U.S. We seek strategic acquisitions and development opportunities that align with the Lewis family’s philanthropic mission to change people’s lives and save the earth we share. Our goal is to be the leading socially and environmentally responsible family real estate development and investment firm in New England.

In addition to real estate and other investments, the Lewis family owns Grand Circle Corporation (GCC), which operates through the brands Grand Circle Cruise Line, Overseas Adventure Travel, and Grand Circle Travel, is the nationally recognized leader in the provision of international travel, adventure, and discovery to Americans over the age of 50. GCC’s trips include both land-based trips, and river and ocean cruises on the fleet of 18 ships that it owns.

Updates

140-150 Shirley Street
- Sep 19, 2018

Roxbury Industrial Property Acquired for $2.7 Million Kensington Investment Company has acquired the property at 140-150 Shirley Street in Roxbury, MA for $2.7 million. The property features a single story office/industrial building that was constructed in 1950. The 9,300 square foot building is located on a.22-acre parcel abutting the Clifford Playground and a short distance from the Newmarket Station.


49 Gloucester Street
- Jun 14, 2018

Back Bay Property Mortgaged for $18,3 MillionBoston-based, Kensington Investment Company has mortgaged their property at 49 Gloucester St in Bostons Back Bay neighborhood for 18,330,723.40 million via Eastern Bank. The property was acquired by the company in March for $6.1 million.The building is located on the corner of Gloucester and Boylston, directly across from the Prudential Center, and is composed of ground-level retail with two stories of apartments above.


361 Newbury St
- May 07, 2018

Kensington Investment Company Refinances Newbury St PropertyBoston-based, Kensington Investment Company has refinanced their property at 361 Newbury St for $40 million via Northwestern Mutual. The property has been owned by KIC since 1997 and features 5 stories and 82,000 square feet of office/retail on Boston's popular Newbury St. Tenants include, Muji, Urban Outfitters, Boston Sports Club; and SPACES (a flexible coworking space operating on floors 3-5).


49 Gloucester Street
- Mar 29, 2018

KIC Acquires 49 Gloucester StreetBoston based, Kensington Investment Company, has acquired the building at 49 Gloucester Street for $6.1 million. The company strategy focuses on long-term hold-and-improvement with a strong focus on service excellence — and on investing in the neighborhoods where their foundations operate. Their portfolio includes properties across New England, Utah, and a single property in Israel.


45 Townsend
- Jun 20, 2017

Kensington expands 45 Townsend development site with acquisition of adjacent parcel Kensington Investment Corporation, developer of the proposed 380,000-square-foot 45 Townsend mixed-use development in Roxbury, has acquired an adjacent home at 33-35 Townsend Street, expanding the development site to over five acres. The adjacent 3,432-square-foot home stands on a 0.08-acre lot and was acquired by Kensington for $750,000, or $218.53 per square foot. The home is one of several along Townsend Street located adjacent to the 4.96-acre former Jewish Memorial Hospital site, on which 45 Townsend is proposed to be built. 45 Townsend would feature 322 market-rate apartment residences with desirable modern amenities including an outdoor pool with grills, a yoga studio and a business center.


45 Townsend
- May 07, 2017

322 market-rate apartments proposed at shuttered Roxbury hospital site Kensington Investment Company, developer of the Kensington luxury apartment tower in Downtown Crossing, has filed a Letter of Intent with the City of Boston to build 322 market-rate apartments at the site of the shuttered former Jewish Memorial Hospital on Townsend Street in Roxbury. The proposed development would also include a co-working center, community gathering space and a cafe. The project team includes many minority and women-owned businesses, including DREAM Collaborative, Studio G Architects, Ground Inc, Janey Construction Management and Consulting, Legacy Consultants and BevCo Associates, whose principal Beverly Johnson is also the Project Manager for the recently proposed 25-story Rio Grande tower in Dudley Square. Kensington acquired the 4.96-acre hospital site for $5 million in 2015. “Our commitment to local contractors, vendors and jobs is strong, and it is our firm belief that both our on-site market rate housing and off-site affordable home ownership will benefit the neighborhood and will generate long-term wealth creation for residents in Roxbury,” said Kensington Senior Vice President Charlotte Lewis in a statement.


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Projects

140-150 Shirley Street
361 Newbury St
49 Gloucester Street
45 Townsend