The event started at 10:30 am and attracted over 400 professionals including Boston’s Mayor Walsh and the Director of the Boston Redevelopment Authority, Brian Golden. Cannistraro renovated the 160,000 square foot building at 25 Fid Kennedy (now known as The Fid) and created roughly 200 manufacturing jobs located in Boston’s Raymond L. Flynn Marine Industrial Park.
The grand opening of the new JC Cannistraro fabrication, manufacturing and design facility was held on Boston’s Seaport on Thursday, June 14, 2018. Robert Cleary, SIOR, CRE Colliers International and Rob Nahigian, FRICS, CRE, SIOR, MCR of Auburndale Realty Co., Newton, Mass. were the real estate advisors and brokers that took the project from initial planning to its final lease negotiations at 25 Fid Kennedy over the last 4 years. J.C. Cannistraro, LLC, of Watertown, MA is relocating its manufacturing facility with over 200 industrial employees on a 70 year long-term lease. The lease was negotiated by Bob Cleary and Rob Nahigian and is the first of its type in arguably over 50 years in the Seaport. It is significant both because of its longevity and industrial impact.
The property at 25 Fid Kennedy played an integral role in the WWII and post-WWII war effort and is located in the 58 acre South Boston Army Annex, contained within the 167 acre South Boston Naval Annex. After extensive negotiations, EDIC and the Boston Redevelopment Authority awarded Cannistraro Final Designation on June 9, 2016. The lease was executed on August 31, 2016. During the due diligence of the property, Cannistraro developed plans to completely renovate, enhance and redesign the former U.S. Army Annex while preserving the rare Art-Deco character of this massive steel-framed former metal shop. June 14, 2018 was the grand opening to showcase those renovations.