Commerce Center to Host New Bluebikes Station

Oxford Properties (‘Oxford’), a leading global real estate investor, developer and manager, and Pappas Enterprises announced today that 645 Summer Street will become part of the Bluebikes, Metro Boston's public bike share system.

The new station will include a 19-dock station and 10 bicycles. The popular bike sharing model offers members access to more than 3,500 bikes located at over 330 stations across 8 communities in metro Boston including Arlington, Boston, Brookline, Cambridge, Everett, Newton, Somerville, and Watertown (Chelsea and Revere Stations are launching later this year). The addition is sponsored by Oxford and Pappas Enterprises as part of their commitment to supporting greater connectivity across the South Boston community. They are exploring a second station in the neighborhood with the City of Boston.

“Pappas Commerce Center sits in a critical location along the evolving waterfront surrounded by job growth and great residential neighborhoods. This area continues to grow and flourish and Oxford and Pappas are pleased to bring Bluebikes to the neighborhood to be proactive about mobility solutions and support access to healthy, convenient and affordable transportation,” said Brian Barriero, Vice President of Operations (US Region) for Oxford Properties.

“A leading recommendation of The South Boston Seaport Strategic Transit Plan is to expand biking connections in the community,” said a Pappas Enterprises spokesperson. “Adding a new Bluebike station in this highly-travelled corridor addresses an important community concern and we are pleased to offer this new option.”

Oxford Properties, the global real estate subsidiary of the Ontario Municipal Employee Retirement System (OMERS), and Pappas Enterprises, a fourth-generation family business that has developed commercial and industrial real estate in Boston for over sixty years, jointly own the 42.3-acre business park known as Pappas Commerce Center, which includes 645 Summer Street, in Boston’s Seaport District. Pappas Commerce Center consists of nine buildings and approximately 750,000 square feet of space currently serving industrial, logistics, and research uses. Oxford and Pappas highly value community-focused business operations. Together, they will continue to make significant and thoughtful contributions to tenants and local communities in this important area of the city.

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About Oxford Properties Group

Oxford Properties Group connects people to exceptional places, and is the owner, developer and manager of some of the world’s best real estate assets.

Established in 1960, Oxford manages approximately $45 billion of assets across the globe on behalf of its co-owners and investment partners. Oxford’s portfolio encompasses office, retail, industrial, hotels and multifamily residential and spans more than 100 million square feet in global gateway cities and hubs across four continents. A disciplined and thematic investor, Oxford invests in properties, portfolios, development sites, debt, securities and platforms across the risk-reward spectrum. With its global headquarters in Toronto, Oxford operates out of 17 regional offices including London, Luxembourg, New York, Singapore and Sydney. Its long-term approach to real estate investment aligns Oxford’s interests to its customers and the communities in which it operates. Oxford is owned by OMERS, the defined benefit pension plan for Ontario's municipal employees.

For more information on Oxford, visit www.oxfordproperties.com.

About Pappas Enterprises, Inc.

Pappas Enterprises, Inc. is a fourth-generation family business that has been developing and managing commercial and industrial real estate for more than sixty years and is part of a family-owned group of companies founded in Boston in 1914. With a long and diverse history, Pappas Enterprises has operated grocery and liquor businesses, transportation carriers, and construction businesses. Since 1985, Pappas has built over 1.5 million square feet of industrial, residential, commercial, and retail space in and around Boston. The firm co-owns Pappas Commerce Center, an approximately 42.3-acre industrial park, with nearly 2000 feet of frontage on the Reserved Channel in Boston’s Seaport District. Pappas is at the forefront of green building initiatives in Boston and is deeply committed to progressive design.

About Bluebikes

Bluebikes is public transportation by bike. Owned and jointly governed by the municipalities of Boston, Brookline, Everett, Cambridge and Somerville, Bluebikes offers a fast, fun, and affordable transportation option. Users can ride any of the 3,500+ bikes to and from the 350 stations across the region. Since launching in 2011, more than 12 million trips have been taken on Bluebikes, including 1.5 million trips so far in 2020.