Watertown, Mass.
Infomart LLC of Dallas, in partnership with Nexcomm Capital Partners of Southport, Conn., will transform a 400,000-sf former cold-storage warehouse in Watertown into a telecom hotel for high-tech firms. The building provides a number of features required for telecommunications equipment: heavy floor capacity, high ceilings, proximity to fiber-optic networks. Renovations totaling $20 million are scheduled to start in August 2000 and be completed by late fall 2000. Upgrades include the addition of 100 watts of power/sf, new fire alarm and sprinkler systems, and new entrances. The structure has the potential for an additional 100,000-sf expansion.
