PRESS RELEASE

April 10, 2023

Brayton Point Commerce Center Named Redevelopment of the Year, Receives CoStar Impact Award

Winners were selected by a panel of more than 750 esteemed industry professionals across 128 markets at the second annual commercial real estate awards

Boston, MA – Brayton Point Commerce Center was named the 2023 Redevelopment of the Year in the Boston market. Winners of the CoStar Impact Award were chosen for their growth, diversification, and ability to overcome unique challenges by a panel of more than 750 industry professionals drawn from each respective market.

In 2022, Commercial Development Company, Inc. (CDC) made tremendous strides developing an offshore wind hub on the footprint of the shuttered 1600-MW coal-fired power plant. Once the largest fossil-fueled power plant in New England, Brayton Point will be home to an electric converter station (SouthCoast Wind) which will connect offshore windmills to the New England grid. Prysmian Group will also build a subsea cable manufacturing facility to supply cables throughout North America.

“The progress we’ve made at Brayton Point sets a new standard in what can be achieved at shuttered fossil-fuel power plants,” said Stephen Collins Executive Vice President at Commercial Development Company, Inc.

The CoStar Impact Awards recognize exemplary commercial real estate projects completed in 2022 that have significantly influenced neighborhoods or submarkets across 128 major international markets in the United States, Canada, and the United Kingdom.

“We’re grateful for the chance to recognize the accomplishments of noteworthy real estate projects and transactions across the industry,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “As the industry continues to evolve, real estate professionals have adapted and contributed immensely to the neighborhoods they serve through innovative projects and community-driven initiatives.”

To read more about Brayton Point’s CoStar Impact Award, visit: https://www.costar.com/article/169129565/shuttered-coal-fired-power-plant-gets-new-life-as-renewable-energy-hub

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Commercial Development Company, Inc.

Commercial Development Company, Inc. is a privately-held, diversified real estate acquisition and development firm whose principal competency lies within the acquisition, repositioning, and redevelopment of underutilized, distressed or environmentally-challenged properties. CDC has purchased and developed over 50-million-square feet under roof located on over 300 sites throughout the United States and Canada. For more information, visit https://www.cdcco.com.

About Brayton Point Commerce Center

The Brayton Point redevelopment project is intended to repurpose a retired 1600-MW coal power plant for the offshore wind energy sector. With 300 acres of industrial waterfront property, a 34-ft dee water port, and public support for energy diversification, Brayton Point is poised to be a world-class manufacturing center, logistics port and supfor offshore wind. For more information please visit https://www.braytonpointcommercecenter.com.

About CoStar Group, Inc.

CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. CoStar Group’s websites attract tens of millions of unique monthly visitors.  Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of approximately 4,900 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.