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Construction manager buys an empty office building it built 24 years ago

Connolly Brothers acquires Beverly building with plans to renovate and reposition former build-to-suit on Boston's North Shore
Connolly designed and constructed the facility in 2001 as a build-to-suit for Electric Insurance Co. Twenty-four years later, it bought the building with plans to renovate and reposition it. (CoStar)
Connolly designed and constructed the facility in 2001 as a build-to-suit for Electric Insurance Co. Twenty-four years later, it bought the building with plans to renovate and reposition it. (CoStar)
By CoStar News Staff
September 2, 2025 | 9:56 AM

Connolly Brothers Inc., a construction management firm based in Beverly, Massachusetts, announced it acquired 75 Sam Fonzo Drive, a vacant, 161,644-square-foot, four-story office building in Beverly's Cherry Hill Industrial Park.

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