A.W. Perry

What A.W. Perry does

A.W. Perry is a privately held, fifth-generation family-owned real estate investment and services firm founded in 1884 in Boston, Massachusetts. It owns and operates an approximately 1.2 million square foot portfolio of commercial office, industrial, flex, medical, and retail properties across Greater Boston and the South Shore (including the 167-acre South Shore Park in Hingham and Rockland and recent additions such as Lynnway Park in Lynn and a 128-acre Kingston land acquisition in 2026), and provides related services including asset and property management, brokerage (via its in-house Perry CRE division), commercial and residential development, historic rehabilitation, and build-to-suit construction. The firm historically restored landmark Boston buildings including The Berkeley at 420 Boylston Street — the first Boston building to sweep all three BOMA Office Building of the Year awards in 1989 — and its headquarters at 20 Winthrop Square, a National Register property built in 1873.

The business generates revenue across four primary streams: commercial property leasing on the owned portfolio, third-party property management services, brokerage commissions through Perry CRE (Greater Boston, Cambridge, and suburban markets), and development/investment returns, including joint ventures such as Brio (a 77-unit, $160M luxury condominium project in Hingham with Boston Andes Capital) and the Lynnway Park redevelopment (with Novaya and Foxfield), as well as a long-running residential land partnership with Jay and Paul Gallagher that has produced more than 400 homes on the South Shore. Anchor tenants include Rockland Trust (140,000 SF at One Tech Campus), EMD Serono (202,000 SF North American HQ in Rockland), Mass Capital Resource Co., Goody Clancy, Gallery Automotive Group, and the Girl Scouts of Eastern Massachusetts, with multi-decade tenancies common (Dugmore & Duncan, 60 years; EMD Serono, 25 years; Mass Capital, 33+ years). Pricing is per-lease and not publicly disclosed; investment targets run $10–$100 million per property.

The company is led by CEO Susan Perry O'Day (great-great granddaughter of founder Alonzo W. Perry, former Disney CIO) and President Mark Flaherty (CFO since 2006, COO 2022–2023), with additional senior talent drawn from AEW, PwC, Berkeley Investments, and The Davis Companies. Operations are regional rather than global, with a stated focus on relationship-driven, direct enterprise leasing rather than a digital or platform GTM motion, and no disclosed AI, API, or SaaS technology layer.

Name

A.W. Perry

Legal name

A. W. Perry, Inc.

Website

https://awperry.com

Company type

Private

Founded year

1884

Operating status

Operating

Headcount range

11–50 employees

Short description

A.W. Perry is a privately held, fifth-generation Perry family real estate firm founded in 1884 that owns and manages an approximately 1.2 million square foot commercial, industrial, medical, and flex portfolio across Greater Boston and the South Shore, delivering leasing, property management, brokerage, build-to-suit development, and historic rehabilitation services to enterprise tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Commercial Property Leasing: Income from leasing commercial office, industrial, medical, and flex space to tenants. Portfolio includes approximately 1.2 million square feet of commercial properties.
2. Property Management Services: Full-service property management including maintenance, administrative services, and tenant relations for owned and third-party properties.
3. Real Estate Brokerage (Perry CRE): Commercial real estate brokerage services representing landlords and tenants in Greater Boston, Cambridge, and Suburban markets, generating commission income.
4. Development and Investment Returns: Returns from development projects, value-add opportunities, and long-term property ownership. Residential development with partners Jay and Paul Gallagher.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

A.W. Perry is a relationship-driven real estate investment and services firm that acquires, develops, manages, and leases commercial, industrial, medical, flex, and residential properties across Greater Boston and the South Shore. Its core services include asset and property management, investments and acquisitions, full-service brokerage through its Perry CRE subsidiary, commercial and residential development, and historic rehabilitation, applied to a portfolio of approximately 1.2 million square feet plus developable land inventory.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset & Property Management
• Investments & Acquisitions
• Brokerage Services (Perry CRE)
• Commercial Development
• Residential Development
• Historic Rehabilitation
• The Berkeley at 420 Boylston Street
• 20 Winthrop Square
• One Tech Campus
• 2 Pond Park Road Medical Office Building
• Lynnway Park

Quantifiable outcome

• First building in Boston to win all three BOMA 'Office Building of the Year' awards (Local, Regional, and International) - The Berkeley at 420 Boylston Street
• +2 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, standard and major.

• FoxfieldcoreStrategic or Co-development Partner · 10 November 2020Joint venture partner with Perry Lynnway LLC for the acquisition and redevelopment of Lynnway Park (250,000 SF former Garelick Farms site in Lynn, MA). Foxfield serves as capital partner alongside A.W. Perry and lender Bank of New England.
• Novaya Real Estate VenturescoreStrategic or Co-development Partner · 10 November 2020Joint venture partner for the purchase of 626 and 680 Lynnway Road and 0 Circle Avenue (Lynnway Park) in Lynn, MA. Novaya and A.W. Perry partnered to acquire the 250,000 SF former industrial site.
• Vantage Builders, Inc.standardImplementation/ SI/ Consulting Partner · 4 December 2018General contracting and construction firm based in Waltham, MA partnered with A.W. Perry for core and shell renovation of 4 Pond Park (28,841 SF office building) in South Shore Park.
• Callahan Construction ManagersmajorImplementation/ SI/ Consulting Partner · 20 July 2017Construction partner for Brio development project in Hingham Shipyard. Bridgewater-based full-service construction management firm responsible for building the 77-unit luxury waterfront condominium development.
• Boston Andes Capital, LLCmajorStrategic or Co-development Partner · 16 May 2017Joint venture partner for the development of Brio, a 77-unit luxury waterfront condominium complex at 10 Shipyard Drive in Hingham, MA. BAC partnered with A.W. Perry on the $160M, 160,000 SF project.
• Jay and Paul GallaghercoreStrategic or Co-development PartnerLong-term residential development partners since 1992. Together with A.W. Perry, created first-class residential neighborhoods on Boston's South Shore home to more than 400 families, including Wildcat Hill in Norwell and Horseshoe Farm in North Marshfield.
• Cushman & WakefieldstandardChannel Partner/ Reseller/ DistributorCommercial real estate brokerage handling leasing for Lynnway Park industrial facility. Agents Scott Gredler and Jim Murphy managing marketing of 40,000 SF warehouse spaces.

Scale indicators3 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• National Development: New England-based diversified real estate developer and investor active in mixed-use, multifamily, office, lab and retail. Comparable in geographic concentration across Greater Boston and in a build-to-suit, value-add development orientation similar to A.W. Perry's.
• WinnDevelopment: Boston-based developer and owner of affordable and mixed-income housing with a strong New England footprint. Comparable operating model of an integrated, privately-held regional real estate firm; active in the same South Shore geography via the WinnResidential platform.
• Novaya Real Estate Ventures: Boston-area private real estate investment and development firm that has partnered with A.W. Perry on Lynnway Park. Comparable in industrial/value-add focus within Greater Boston and as a similarly-sized private operator.
• Berkeley Investments: New England-based private real estate investment and management company with a portfolio spanning office, multifamily, and mixed-use assets. Comparable in geographic focus, asset classes (office in particular), and the integrated ownership-and-management operating model used by A.W. Perry.
• Hanover Company: Private multifamily and mixed-use developer/investor with strong activity in Greater Boston. Comparable as a long-horizon private operator with build-to-suit/development capability across the same regional market.
• Peabody Properties: New England-based full-service property management and real estate firm serving commercial, residential and mixed-use assets. Comparable in the property management arm of A.W. Perry's business and in regional footprint.
• The Davis Companies: Boston-based private real estate investment, development and property management firm operating across office, lab, industrial, multifamily and mixed-use. Directly comparable to A.W. Perry in geography, scope of services (investment + management + brokerage-adjacent) and relationship-driven mid-market focus.
• Foxfield Asset Management: Boston-area private real estate investment manager that has partnered with A.W. Perry on the Lynnway Park JV. Direct comparable in Boston industrial / value-add strategy and in the family-office/private-capital segment.
• Gale International: Boston-based real estate investment and development firm with a focus on large-scale, mixed-use master-planned projects. Comparable in Boston-centric, family-controlled private real estate strategy and acquisitions posture.

Broad incumbents

• Boston Properties (BXP): Largest publicly-traded office REIT in the U.S. with deep concentration in Greater Boston's Back Bay/Financial District. Comparable as a competing Class A office landlord in the very submarkets where A.W. Perry's trophy assets (Berkeley at 420 Boylston, 77 Franklin) are located, but operates at vastly greater scale and with public-market capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AWPerryBoston

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about A.W. Perry