LOWELL, MASS. — Novaya in a joint venture with Hawk Properties entered into a $13.25 million recapitalization of 10 Technology Drive and 55 Technology Drive located in Lowell. The two assets total 146,696 square of office/R&D space. The portfolio, which was initially acquired in 2012, is 84 percent occupied. Tenants include Evoqua Water Technologies, Borrego Solar and Lowell General Hospital.
The Davis Companies Acquires Leasehold Interest in 88 Black Falcon Avenue in Boston’s Seaport District
BOSTON — Following a long-term ground lease with the Massachusetts Port Authority (Massport), The Davis Companies (TDC) plans to significantly update 88 Black Falcon Avenue in Boston’s Seaport District. The property, which consists of two three-story interconnected buildings totaling 376,000 square feet, is located within the Raymond L. Flynn Marine Park, which is also home to Cruiseport Boston and the 1.4 million-square-foot Innovation and Design Building. The location offers views of..
Parsippany, N.J. — Holliday Fenoglio Fowler (HFF) arranged the sale of 1 Gatehall Drive, a 114,000-square-foot, four-story, Class A office building in Parsippany, to Lincoln Property Company. HFF represented the seller in the transaction. The property was 63 percent leased at the time of sale; tenants include software, consulting, communications, staffing and foodservice companies. The property is situated along Route 202, in close proximity to Route 10 and Interstates 287 and 80. The HFF..
Seniors Housing Business and Heartland Real Estate Business magazines, along with France Media's InterFace Conference Group, will host the 3nd Annual InterFace Seniors Housing Midwest conference on June 7 at the Holiday Inn Chicago Mart Plaza River North. The conference will focus on the state of seniors housing investment, development, operations and financing across markets in the Midwest. It is designed to bring together the leading owners, operators, investors, developers and..
Southeast Real Estate Business and Shopping Center Business magazines along with France Media's InterFace Conference Group will host the 8th annual InterFace Carolinas conference on June 1st at the Hilton Charlotte Center City. Last year's event attracted nearly 300 attendees and InterFace expects an even larger crowd of office, industrial, multifamily and retail property owners, investors, developers, brokers and lenders this year. The conference will feature a keynote address by top..
InterFace Healthcare Real Estate Carolinas, hosted by Southeast Real Estate Business magazine and InterFace Conference Group, will once again bring together the leading hospitals and healthcare systems in the Carolinas — along with healthcare and medical office real estate owners, operators, investors, developers, brokers and lenders — in a unique, highly focused event combining four panel sessions and a networking cocktail reception. Topics to be discussed include trends in development,..
[caption id="attachment_168549" align="alignright" width="100"] Chris Flammer, The Blau & Berg Company[/caption] [caption id="attachment_168546" align="alignright" width="100"] Jason Crimmins, The Blau & Berg Company[/caption] In the office segment there has been plenty of news regarding Class A assets. Companies have been flocking towards upgraded space. Landlords have made significant capital expenditures to their buildings to attract and retain these tenants. We have seen..
[caption id="attachment_167122" align="alignright" width="100"] Ira Korn, Genesee Commercial Realty/CORFAC International.[/caption]Rochester’s story is similar to those of other cities with once prominent downtowns. Starting in the 1970s, businesses and families largely fled to the suburbs as newer and nicer suburban offices were built. Larger companies, including many staple downtown dwellers such as large law and accounting firms, left the downtown in search of free parking, shorter..
[caption id="attachment_167119" align="alignright" width="100"] Tyler Culberson, NAI Platform[/caption] The Capital Region continues to experience low vacancy rates across the industrial sector. The region’s growth over the last decade has primarily been driven by multibillion-dollar investments by GlobalFoundries, a semiconductor foundry, and State University of New York Polytechnic Institute (known as SUNY Poly). With limited new construction and virtually no spec-built facilities,..
SHREWSBURY, MASS. — CBRE/New England’s Capital Markets team has arranged the sale of Avalon Shrewsbury, a 251-unit garden-style apartment community located in Shrewsbury. Simon Butler and Biria St. John of CBRE/NE exclusively represented the seller, AvalonBay Communities Inc., and procured the buyer, Audubon Shrewsbury LLC, an affiliate of Boston-based Audubon Capital Partners. The Class A community, which was built in 2006, consists of eight three- and four-story garden-style buildings,..