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Anthony C.
Simboli has been active in the real estate market
since the late 1950s, and has developed over two million square
feet of office, retail, multifamily and industrial space in
New England and Florida.
A 1950 graduate of Boston College, where he also received a
master's in philosophy later that year, Mr. Simboli initially
began his career as an agent for the Central Intelligence Agency
(CIA). During his seven-year CIA career, he worked in Washington,
D.C. and the Far East and quickly rose to high ranks in the
organization. After leaving the CIA, Mr. Simboli entered business
for himself and opened his first retail store in 1957. A visionary,
he turned his first store into a chain of super-sized drugstores
ranging from 5,000-7,500 square feet. The concept was well ahead
of its time. Today large format drugstores like CVS and Walgreens
are common in just about every community. By the early 1960s,
he had expanded the business to include over 50 grocery and
drug stores across Greater Boston and the North Shore.
In 1980, Mr. Simboli traded in the retail business to try his
hand at real estate development, an area he was familiar with
from his retail ownership experiences. So, with a thorough understanding
of the importance of location, store design, store dimension
and tenant mix, he aggressively pursued office, multifamily
and industrial properties. In doing so, he quickly displayed
a knack for seeing development opportunities in what others
would see as "challenging locations." Mr. Simboli successfully
developed sites such as Harbor Towers, Joslin Clinic and Symphony
Plaza in Boston, and Harbour Pointe Park in Chelsea, a city
that made other developers at the time very weary. Since Harbour
Pointe Park, Mr. Simboli and ACS Development Corp. have continued
taking speculative development risks in Chelsea by acquiring
or developing 13 properties ranging from "see- through" office
buildings to fire stations, abandoned warehouses and raw land.
As a developer, Mr. Simboli takes great pride in creating projects
of lasting value that create opportunities and enhance communities.
As a former resident of Boston's North End neighborhood, where
as a boy he sold newspapers on many street corners and where
his extended family still lives today, Mr. Simboli redeveloped
the abandoned Christopher Columbus High School building into
a 33-unit luxury condominium complex, and in the process raised
the standard for new condominium construction in that area.
A native of Boston, Mr. Simboli has regularly participated in
many industry and civic activities. A business man, a visionary,
a philanthropist, a civic leader, and an American success story,
Mr. Simboli was recognized as one of the "125 Leaders Making
a Difference" in their communities in the Bay State by Banker
& Tradesman, one of Boston's leading trade publications.
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