JLL Arranges $36.3M Loan for 775,000 SF Industrial Portfolio in Suburban Boston

LITTLETON AND MIDDLEBOROUGH, MASS. — JLL Capital Markets has arranged a $36.3 million loan for L&B Realty Advisors to finance the purchase of a two-building industrial portfolio in suburban Boston. L&B Realty Advisors acquired the portfolio on behalf of an institutional client. The 775,000-square-foot portfolio consists of two warehouse distribution buildings, one in Littleton and the other in Middleborough. Both buildings are fully leased, with the 275,000-square-foot building at …

PREIT Signs Three New Tenants to Mall in Southeast Massachusetts

PREIT has signed three new tenants at Dartmouth Mall in Dartmouth, a city in southeast Massachusetts. Local retailer Newbury Comics will open a 3,900-square-foot store this spring. In the fall, Forever 21 will open an 11,500-square-foot location, and EbLens will open a 6,000-square-foot store. The new leases come on the heels of several recent openings, including a new 23,000-square-foot H&M, and new Encore and Torrid stores. Dartmouth Mall’s AMC Theatres was renovated in

Fantini & Gorga Arranges $30M Loan to Refinance 61,000 SF Office Building in Cambridge

CAMBRIDGE, MASS. — Fantini & Gorga has arranged a $30 million loan to refinance a 61,000-square-foot office building in Cambridge. The property, located at 784 Memorial Drive and owned by an affiliate of the Bullfinch Companies, was originally built in 1937 and underwent renovations in 1999 and 2014. Harvard University recently executed a long-term lease for the entire building with plans to house a technology services department there. Wayne Clough and Despina Hixon of Fantini & …

Castle Square, WinnDevelopment to Redevelop 102-Unit Senior Housing Community in South End.

BOSTON — Castle Square Tenants Organization and WinnDevelopment have been selected by the Boston Housing Authority to redevelop the Eva White Apartments, a 102-unit, low-income senior housing community at 440 Tremont St. in Boston’s South End. The 50-year-old, seven-story building includes 34 studio, 57 one-bedroom and 11 two-bedroom affordable apartments for seniors. As the majority owner, Castle Square will deliver programs and services to Eva White residents and will partner with …

Square Mile, JPMorgan Chase Provide $75M in Financing for Acquisition of Boston Marriott Quincy

QUINCY, MASS. — Square Mile Capital Management and JPMorgan Chase have provided $75 million in financing to Columbia Sussex Corp. for the acquisition and renovation of the 466-room Boston Marriott Quincy in Quincy. The hotel is located in South Boston’s Quincy market, 12 miles from downtown Boston and sits atop a hill overlooking the city skyline and Massachusetts coastline. Amenities at the hotel include a fitness center, indoor swimming pool, business center and 16,000 square feet of …

JLL Arranges Sale of 107,000 SF Office Building in Medford for $25M

BOSTON — JLL Capital Markets has arranged the sale of 10 Cabot Road in Medford, a 107,026-square-foot office building for $25 million. Frank Petz, Matthew Sherry and Scott Carpenter of JLL brokered the sale of the property on behalf of Boston-based Morris & Morse Co. The buyer was KS Partners. At the time of the sale, 10 Cabot Road was 79 percent leased to nine tenants. The building is located four miles north of downtown Boston with access to the Massachusetts Bay Transportation …

NAI Hunneman Brokers $4.3M Multifamily Sale in Boston’s South End

BOSTON — NAI Hunneman’s Capital Markets Group has arranged the sale of a 10-unit brownstone building in Boston’s South End neighborhood at 665-667 Massachusetts Ave. for $4.3 million. The property is made up of five one-bedroom and five two-bedroom units. Carl Christie and Dan McGee of NAI Hunneman represented the undisclosed seller and procured the buyer, High Street Properties. The property features access to public transportation via the Silver Line stop on Washington

NKF Capital Brokers Sale of 112,148 SF Office Building in Suburban Boston

ANDOVER, MASS. — NKF Capital Markets has brokered the sale of 150 Minuteman Road in Andover, Mass., to Bentall Kennedy on behalf of one of its clients. The 112,148-square-foot Class A office building is fully leased to Smith & Nephew, a global medical technology company. The asset is one of seven buildings comprising Minuteman Park, a master-planned suburban campus totaling 1 million square feet of Class A office space. The park is 26 miles north of Boston, directly off Interstate

Nauset Breaks Ground on Mixed-Use Complex in Central Square, Cambridge

BOSTON — Nauset Construction has started construction on a mixed-use project at Ten Essex St. in Cambridge, Mass., that will transform a surface parking lot into a transit-oriented five-story development with 46 apartments and 3,000 square feet of retail space. The project is being built by Nauset for owner 3MJ Realty. Designed by Golden Architects of Quincy, Perkins Eastman and Mark Boyes-Watson Architects, the project is located directly on the Central Square Red Line. Amenities will …

NKF, Cushman & Wakefield Arrange Sale of 107-Acre Development Site Near Boston

WOBURN, MASS. - NKF and Cushman & Wakefield have arranged the sale of Montvale Hill, a development parcel in Woburn, a suburb of Boston. Leggat McCall Properties acquired the development opportunity from Kraft Heinz for an undisclosed price. The development site can accommodate users from 300,000 square feet to 700,000 square feet. Torin Taylor, Justin Smith and Robert Griffin of NKF, along with Christopher Porter of Cushman & Wakefield, represented the seller in the