Needham, Ma – NAIOP, the state’s leading organization for developers, owners and related professionals, is pleased to announce that National Development has been selected to receive the NAIOP Massachusetts 2011 Distinguished Real Estate Award for achievements in real estate, charitable activities and community betterment. The award will be presented at NAIOP’s Annual Award Gala on Tuesday November 8 at the Westin Waterfront Hotel in Boston, with a special tribute by HFF, the evening’s platinum sponsor.
“This award is a testament to National Development’s ability to strategically adapt over the years to the changing markets, maintaining their role as an industry leader,” said David Begelfer, CEO of NAIOP Massachusetts. “In addition to the company’s high-profile and varied portfolio, their principals and staff have a long history of community leadership.”
Founded by Tom Alperin, Jack O’Neil, and Ted Tye, National Development has been responsible for the development of 20 million square feet of office, residential and retail space in forty area communities over the past 25 years. Joined by partners Steve Kinsella and Ed Marsteiner, along with 130 team members, the company’s capabilities include development, construction, asset management and acquisition. The firm is also a major sponsor of Charles River Realty Investors, LLC, a real estate investment fund headed by Brian Kavoogian.
Headquartered in Newton Falls, MA, National Development has been involved with many prominent projects in Greater Boston and the surrounding area. Current Boston projects include The Kensington, Boston Herald, Longwood Center, and several other projects at early stages of development. Their suburban projects include Station Landing in Medford, Waterstone at Wellesley, The MathWorks in Natick, and Marketstreet in Lynnfield. Recognized for its broad range of developments, National Development specializes in mixed-use with a variety of office, industrial, retail, multi-family, hotel, and senior housing projects included in the company’s portfolio.
Throughout its history, National Development has been a pioneer in wide range of product types including transit-oriented development, senior housing and mixed use projects. On the multi-family front, the firm has developed Arborpoint, its flagship residential brand, with more than 2,000 units completed or under development. At the same time, National Development has retained its roots in the first class office market, working on major corporate projects for companies such as Staples, IBM and Raytheon.
National Development has a strong commitment to the community, as expressed in its support of 50 individual charities, institutions, and causes spread throughout the many local communities in which the firm operates. They are also a Founding Member Partner of Building Impact, a non-profit organization that partners with the real estate industry to deliver volunteer events, donation drives and social networking opportunities to buildings where people live and work. In addition, National Development’s partners and staff contribute to their communities by serving on boards, coaching, and volunteering for a wide range of community, civic, educational healthcare and religious institutions.