By Yogev Toby Globe Correspondent,Updated July 17, 2026, 9:49 a.m.

That sort of building base modification can carry a hefty price tag, said Wil Catlin, senior partner at real estate firm Boston Realty Advisors.

“This is real estate as a business, and where that asset starts to really perform is [when it gets] a tenant,” he said.

“Brookfield is a very well capitalized institution with a great track record,” said Catlin. “Anybody that buys that asset recognizes the value that’s already been cranked into that asset … if they have a five-year plan to lease it up, then they’ll end up like looking like heroes 60 months from today.”

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