Mr. John W. Boynton

John Boynton, PresidentBoynton Company

John Boyton, PresidentBoynton Company

Contact: John W. BoyntonTel: 978-369-1982Fax: 978-369-7396e-mail: boyfam@aol.com

Worcester, MA, April 14, 1999 Worcester Millbrook LLC, an investor group based in Concord, MA, announced its purchase today of the Thom McAn Building located at 67 Millbrook Street, Worcester, MA.This Worcester landmark served as the headquarters of Thom McAn Shoes from 1965 until 1996 when the company was merged into Footstar Corporation and eliminated its Worcester operations.The property consists of a five story, 270,000 square foot commercial building built in 1920 and an attached one story, 16,000 square foot warehouse on an 11 acre site.

"We're proud to own this Worcester landmark property," said John Boynton, Worcester Millbrook's managing partner."It has played an important role in Worcester's business history from its early days as a manufacturing facility for the Bay State automobile, and through thirty years as the headquarters of Thom McAn Shoes.We hope to return it to prominence once again as the Worcester Business Center."

Boynton said the complex will be extensively renovated and marketed to businesses desiring efficient office layouts at affordable rents.Tenants requiring up to 30,000 square feet of contiguous space can be accommodated.Free on site parking, modern fiber optic communications, and ready access to downtown and interstates 190 and 290 are also offered.
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Boynton said his firm has received a warm welcome from the Massachusetts Department of Business Development and the City of Worcester.He has been working closely with the City Manager's Office of Planning and Community Development since July of 1998 to discuss specific city and state resources available to assist in the redevelopment of the property.Stephen F. O'Neil, Director of that office, said "This is a major investment and commitment by Mr. Boynton and his partners and we are extremely pleased that they have chosen to invest in the City of Worcester."

* John Boynton , Principal: john@boyntoncompany.com

John Boynton 199 Sudbury Rd. Concord MA 01742 978-369-1982

John W. Boynton, Principal, has over 30 years of real estate experience. After graduating from Harvard College and Harvard Business School in 1970, John worked for IDS Properties, Inc. in Minneapolis for three years and as an officer and principal at JMB Realty Corp in Chicago and Boston for 12 years. He established The Boynton Company in Concord, MA in 1985.