Chevron Partners and Capital Hall Partners Acquire 99 Bedford Street in Downtown Boston
BISWIRE/Dec. 10, 2025 — Chevron Partners, a Boston-based real estate investment and development firm, has partnered with Capital Hall Partners to acquire 99 Bedford Street, an approximately 92,000-square-foot historic mixed-use building in the heart of Downtown Boston.
This acquisition marks the first collaboration between the two firms and underscores a shared confidence in the long-term strength of Boston’s office market. At a time when many remain hesitant to invest in office assets, Chevron Partners and Capital Hall Partners are demonstrating their belief in the sector’s resilience, particularly for well-located, design-forward buildings that meet the evolving needs of modern tenants.
Originally constructed in 1875, The Bedford Building stands as a historic Boston landmark located between South Station and Downtown Crossing. The property features four floors of brick and beam office space, ground-level retail, and lower-level amenities, appealing to firms seeking a refined and centrally-located workspace.
Together, Chevron Partners and Capital Hall Partners plan to deliver a full-scale repositioning that enhances both design and performance. Planned improvements include modernized building systems for greater efficiency, upgraded finishes, a refreshed lobby, and a new 9,600-square-foot spec suite. Tenants will also benefit from reimagined amenities such as a lounge, fitness center and conference space, all designed to reflect the partners’ shared belief that quality, design-driven office environments will continue to attract discerning tenants.
“At a time when high-quality office environments continue to drive leasing momentum, 99 Bedford represents an opportunity to set a new standard for boutique office in Boston,” said Marcel Safar, Managing Partner at Chevron Partners. “Our partnership with Capital Hall brings together complementary expertise combining Chevron’s local experience in repositioning boutique assets with Capital Hall’s disciplined investment platform.”
“We’re thrilled to partner with Chevron Partners on this acquisition,” added Bradley Hall, Managing Partner and Chief Executive Officer of Capital Hall Partners. “With the property’s historic architecture and potential for modernization, 99 Bedford aligns perfectly with our strategy of investing in well-located assets that can be reimagined for today’s market.”
The acquisition was brokered by JLL, with Cushman & Wakefield engaged as the property management firm. Chevron Partners has brought in Adige Design, its long-standing partner in design and material sourcing, to lead the building’s interiors and finishes—a collaboration that continues to define the firm’s residential and commercial portfolio.
The repositioning of 99 Bedford Street is expected to be completed by 2026. For more information and updates on the project, please visit 99bedford.com.
About Chevron Partners
Chevron Partners is a Boston-based integrated boutique real estate investment and management firm specializing in the acquisition, repositioning, and management of boutique office and residential properties. With a commitment to design-driven development and long-term value creation, Chevron Partners transforms historic and underutilized assets into refined, high-performing environments.
About Capital Hall Partners
Capital Hall Partners is a real estate development and investment firm. Their development, construction, renovation, and adaptive reuse projects are primarily located in California, Arizona, and New England. Their commitment to investors is to preserve capital, deliver attractive risk-adjusted returns, be trustworthy and transparent.
