Purchase History

313 Washington Street, Newton, MA In April 1997, with The Grossman Companies and RSI, Inc., Fairlane Properties purchased 313 Washington Street in Newton, MA, an 85,778 square foot office/retail building, for $6,750,000 from Hamilton Realty. Fairlane raised $525,000 in equity for the private placement and provided asset management services for the 313 Washington Street, LLC. Michael Grill served as one of three Managers of the LLC. The LLC sold 313 Washington Street in April 1999 for $11,815,000 to Paradigm Properties with a 40.7% IRR to Class A investors and a 196% return on equity.

112 Water Street, Boston, MA In June 1997, Fairlane Properties purchased 112 Water Street in Boston, a 23,400 square foot office/retail building for $1,865,000 from Centremark Properties. Fairlane raised $630,000 in equity for the private placement, financed the property for $1.5 million from Hibernia Bank, and provided asset management services for 112 Water Street, LLC. 112 Water Street, LLC was refinanced for $2,800,000 from Conning Asset Management in October 2000 with all equity returned to investors. Michael Grill served as the sole Manager of the LLC. The LLC sold 112 Water Street in July 2003 for $4,250,000 to Ceres Realty Fund with a 41.1% IRR to Class A investors and a 301% return on equity. Fairlane Properties was retained to provide asset management services to Ceres-112 Water LLC from 2003-2006.

33 Broad Street, Boston, MA In October 1997, Fairlane Properties purchased 33 Broad Street in Boston, a 40,615 square foot office/retail building for $3,150,000 from MGI Properties. Fairlane raised $1,275,000 in equity for the private placement, financed the property for $2,500,000 from Hibernia Bank and provided asset management services for 33 Broad Street, LLC. 33 Broad Street, LLC was refinanced in March 2001 by Principal Capital for $5.5 million with all equity returned to investors. Michael Grill served as the sole Manager of the LLC. The LLC sold 33 Broad Street in July 2003 for $6,800,000 to Ceres Realty Fund with a 31.1% IRR to Class A investors and a 201% return on equity. Fairlane Properties, Inc. was retained to provide asset management services to Ceres-33 Broad LLC from 2003-2006.

98 North Washington Street, Boston, MA In February 1998, Fairlane Properties purchased 98 North Washington Street in Boston, a 84,890 square foot office building for $7,390,000 from New Boston Fund. Fairlane raised $2,500,000 in equity for the private placement, financed the property for $5.6 million and provided asset management services for 98 North Washington Street, LLC. Michael Grill served as the sole Manager of the LLC. The LLC sold 98 North Washington Street in June 2004 for $9,200,000 to First General Realty Corp. with an 18.8% IRR to Class A investors and a 156% return on equity.

15 Broad Street, Boston, MA In May 1999, Fairlane Properties purchased 15 Broad Street in Boston, a 70,021 square foot office/retail building for $8,100,000 from Wellsford Commercial Properties Trust. Fairlane raised $5,075,000 in equity for the private placement, financed the property for $6,900,000, and provided asset management services for Fairlane Broad, LLC. Fairlane Broad, LLC was refinanced in March 2002 for $11,000,000 by Principal Capital with 69% of the initial equity returned to investors. Michael Grill served as the sole Manager of the LLC. The LLC sold 15 Broad Street in July 2003 for $13,000,000 to Ceres Realty Fund with a 17.4% IRR to Class A investors and a 111% return on equity. Fairlane Properties was retained to provide asset management services to Ceres-15 Broad LLC from 2003-2006.

59-83 Chapel Street, Newton, MA In July 2007, Fairlane Properties purchased 59-83 Chapel Street in Newton, an 81,620 square foot office/industrial building, for $6,950,000 from ZA Nabi, LLC. Fairlane raised $2,500,000 in equity for the private placement, financed the property for $6,313,000 and provides asset management services for Fairlane Chapel, LLC. Within the first seven months of ownership, Fairlane rebranded the 70% vacant property as Chapel Business Center, provided new signage, landscaping, fencing, and other cosmetic improvements, and leased over 30,000 square feet to 3 new tenants, reducing the vacancy rate to 30%. Fairlane Newton, LLC operates Geek Offices, a coworking office space in 61 Chapel Street with approximately 11,000 square feet. Wellesley Bank refinanced the property in 2012. Michael Grill and E. Denis Walsh serve as the Managers of the LLC.

1035 Cambridge Street, Cambridge, MA In September 2008, Fairlane Properties purchased 65,438 square feet of office condominium space at 1035 Cambridge Street in Cambridge for $5,520,000 from Cambridge Business Center, LLC. Fairlane raised $2,100,000 in equity and financed the property for $4,675,000. Fairlane Columbia, LLC purchased approximately 52% of the office condominium which provides the LLC with operational control of the Condominium Trust. With the LLC’s office space at about 50% occupancy, the LLC and the Trust moved quickly to change the appearance and image of the building by: providing a “Cambridge Street” address; replacing exterior and interior signage; refurbishing common areas; constructing a common-use conference room; renewing expiring leases; reconfiguring vacancies; remeasuring the entire building with CAD drawings for each vacancy; and changing property managers. Fairlane Columbia, LLC operates Geek Offices, a coworking office space in approximately 14,000 square feet located in six office suites at 1035 Cambridge Street. Rockland Trust refinanced the property in 2012. Michael Grill and Hillary Brown of Fairlane Properties serve as two of the three trustees of the Condominium Trust. Fairlane Properties serves as the exclusive leasing agent and asset manager for the LLC. Michael Grill serves as the sole Manager of the LLC.

80 Wilson Way, Westwood, MA  In June 2010, Fairlane Properties purchased 80 Wilson Way in Westwood, a 116,908 square foot office/flex/industrial building, for $12,335,000 from New Boston Fund.  Fairlane raised $5,000,000 in equity for the private placement, financed the property for $7,600,0000 from Brookline Bank, and provides asset management services for Fairlane Westwood, LLC.  With eight years remaining on a net lease to KLA-Tencor, a $5 billion semiconductor equipment maker, Fairlane’s investors will receive consistent cash flow returns.  At the same time, Fairlane will build reserves for costs at lease expiration and work with KLA-Tencor to maintain all exterior and interior building systems in a first-class condition.  Michael Grill serves as the sole Manager of the LLC.

275 Wildwood Avenue, Woburn, MA  In July 2011, Fairlane Properties purchased 275 Wildwood Avenue in Woburn, a 174,072 square foot industrial office building for $16.1 million from Colony Realty Partners.  Fairlane raised $5.35 million in equity for the private placement, financed the property for $11.1 million from Brookline Bank, and provides asset management services for Fairlane Wildwood, LLC.  Leased to two NYSE companies, Anixter and Verizon, under long-term leases, Fairlane will provide investors with consistent cash flow returns.  Fairlane will also build reserves for costs at lease expirations from annual cash flow.  Michael Grill serves as the sole Manager of the LLC.

155 and 159 Swanson Road, Boxborough, MA  In April 2012, Fairlane Properties purchased 155 Swanson Road with 102,619 square feet and 159 Swanson Road with 102, 615 square feet from New Boston Fund for $18,310,000.  Both are two-story, ribbon-window buildings with office, R&D, and light-manufacturing uses.  Fairlane raised $5.9 million in equity for the private placement, financed the property from $13.2 million with Middlesex Bank and provides asset management services for Fairlane Boxborough, LLC.  The properties are 100% leased to SynQor, Inc., a privately held company founded in 1997, and Setra Systems, Inc., a wholly-owned subsidiary of Danaher Corporation, a NYSE company.  Fairlane will provide investors with consistent cash flow returns while providing the two tenants with superior service.  Michael Grill serves as the sole Manager of the LLC.