Nordblom Company has been a cornerstone of the Greater Boston real estate community since its inception in 1924. The firm's pioneering spirit and entrepreneurial drive has positioned it at the top of an industry marked by constant change.
In the 1920s, Nordblom helped what would become the Sheraton hotel chain acquire its very first hotel and assisted its subsequent growth into a global hospitality giant. Nordblom also invested directly in hotels, including a brief tenure owning the Del Coronado in San Diego.
Nordblom Company has worked on a myriad of special real estate ventures over the years, including a Major League Baseball stadium: negotiating the sale of Braves Field to Boston University in the early 1950s.
In the late 1950s, the company co-developed and brokered one of the nation’s first build-to-suits in Cambridge, Massachusetts. Tenants such as DuPont and General Electric helped define Cambridge as a leading high-tech office market.
When Boston’s circumferential highway, Route 128, was completed in the early 1960s, Nordblom Company had shovels in the ground, building one of the nation’s first modern suburban industrial parks before the highway was even completed.
In the 1990s, national investors began dominating the real estate investment industry. To service these clients, Nordblom further heightened its co-investments with institutional clients, as well as expanding its third-party property management services.
In 1995, Nordic Properties was founded as an affiliate to pursue complicated investment opportunities utilizing the Nordblom platform. After 16 years of successfully investing in more than $1 billion of value-added transactions, Nordic Properties was merged into Nordblom Company in 2011.
During the first years of the 21st century, Nordblom broadened the reach of its services by forming an affiliation with Apartment Realty Advisors, Inc., the nation's only exclusive multi-family sales organization. In addition, Nordblom helped launch The Northbridge Companies to focus on the growing opportunities in the senior housing market.
In 2007, Nordblom rezoned Northwest Park for high-density mixed-use. This project, which at completion will include up to 600,000 SF of retail, 300 units of housing, a boutique hotel, and more than 2,000,000 SF of office, is one of the largest, multi-phased redevelopment projects in New England.
Nordblom Company’s history provides a long-term perspective, which is essential to identifying emerging trends, but it is the firm’s entrepreneurial drive that provides the ability to capitalize on them. While Nordblom’s history as a leader in the Greater Boston real estate market is extensive, the company is both measured by and energized by its projects, which will help to lead the real estate industry into the future.