Massachusetts

880-Winter-St.-Waltham

WALTHAM, MASS. — General contractor J. Calnan & Associates has completed a 52,000-square-foot life sciences project in the western Boston suburb of Waltham. The facility at 880 Winter St. is a build-to-suit for biotechnology user Lyra Therapeutics and features a 5,000-square-foot manufacturing space, quality control labs, support labs and office space. Perkins & Will served as the project architect, with BR&A Engineers handling that aspect of development. Boston Properties owns the building.

FacebookTwitterLinkedinEmail

BOSTON — Nonprofit owner-operator Beacon Communities has completed a 210-unit affordable housing redevelopment project in Boston’s Back Bay neighborhood. The project converted a historic YWCA building that was originally constructed in 1929 into a residential complex for low-income renters and formerly homeless individuals. The property at 140 Clarendon St. now features studio and one-bedroom units and amenities such as a fitness center, community room, library, computer learning center and a wellness office. The redevelopment preserved the spaces of Lyric Stage Co., the Snowden School and other nonprofits currently residing in the building

FacebookTwitterLinkedinEmail
Alder-Boston

BOSTON — Maryland-based owner-operator Bozzuto has begun leasing Alder, a 165-unit apartment complex located within the Allston Yards mixed-use development in Boston. Alder offers studio, one-, two- and three-bedroom floor plans, with 21 units reserved as affordable housing. Amenities include a fitness center, game room, pet spa, concierge service, outdoor deck, library and a package room. A 67,000-square-foot Stop & Shop grocery store will also open in Alder’s ground floor this summer. Rents start at $2,900 per month for a studio apartment.

FacebookTwitterLinkedinEmail
1200-Crown-Colony-Quincy

QUINCY, MASS. — Locally based investment firm FoxRock Properties has acquired 1200 Crown Colony, a 236,491-square-foot office building in Quincy, a southern suburb of Boston. The building is located within a larger development known as Crown Colony Office Park, which is situated adjacent to a public transit station and the I-93 and U.S. Route 3 interchange. Amenities include a newly renovated lobby, fitness center, exercise lawn, coffee bar and a full-service café. The seller and sales price were not disclosed.

FacebookTwitterLinkedinEmail

BEDFORD, MASS. — A partnership between Redgate, Optimum Asset Management and AEW Capital Management has delivered Riverwalk Labs, a 168,000-square-foot life sciences and manufacturing project in Bedford, about 20 miles northwest of Boston. The developers converted a former office building into a facility with 20,000-square-foot lab and office suites, as well as four separate tenant lobbies and multiple loading docks. Ci Design served as the project architect, and J. Calnan & Associates served as the general contractor.

FacebookTwitterLinkedinEmail

BOSTON —MassDevelopment has provided $39.9 million in tax-exempt bond financing for a 115-unit affordable seniors housing project in the Brookline area of Boston. The property will feature one-bedroom units that will be reserved for renters earning 60 percent or less of the area median income and will replace 60 outdated existing public housing units. Bond proceeds will also be used to build 32 parking spaces. Construction began in January and is scheduled for completion in December 2025. The borrower, 32 Marion Apartments LLC, is a for-profit affiliate of the Brookline Housing Authority. Eastern Bank and Rockland Trust purchased the bond.

FacebookTwitterLinkedinEmail
The-Sudbury-Boston

BOSTON — JLL has arranged the recapitalization of The Sudbury, a 36-story apartment tower located within the Bulfinch Crossing development in downtown Boston that was completed in 2020. Units come in one-, two- and three-bedroom floor plans and have an average size of 855 square feet. The Sudbury also houses 55 condos. Amenities include a pool, fitness center, golf simulator, rooftop terrace, children’s playroom, coworking space and a private dining room. Riaz Cassum, Roberto Casas, Martha Nay, Kellie Coveney, Madeline Joyce and Ari Bogen of JLL represented the owner, a partnership between National Real Estate Investors and HYM Investment Group, in the transaction. The team also procured the new equity partner, Carmel Partners.

FacebookTwitterLinkedinEmail

BOSTON — Dallas-based REIT Ashford Hospitality Trust has entered into a definitive agreement to sell the 390-room Hilton Boston Back Bay Hotel for $171 million. Located at 40 Dalton St., the hotel offers a mix of traditional guestrooms and suites and amenities such as a fitness center, meeting and event rooms and an onsite restaurant. The deal is expected to close before the end of March. The buyer was not disclosed. The sales price represents a cap rate of 7.3 percent based on the property’s 2023 net operating income of $14.9 million.

FacebookTwitterLinkedinEmail

BURLINGTON, MASS. — Geotechnical engineering services firm McPhail Associates has signed a 12,739-square-foot lease at an industrial flex property in Burlington, a northwestern suburb of Boston. According to LoopNet Inc., the property at 42-44 Third Ave. was originally constructed in 1966 and totals 25,521 square feet. ABG Commercial Realty represented the landlord, Nordblom Management Co., in the lease negotiations. The representative of the tenant was not disclosed.

FacebookTwitterLinkedinEmail

CANTON, MASS. — A partnership between locally based developer Jumbo Capital and affiliates of Apollo Global Management has completed the renovation of a 136,000-square-foot industrial building in the southern Boston suburb of Canton. The building sits on a 10-acre site at 30 Dan Road, features a clear height of 34 feet and is subdividable to 50,000-square-foot suites. Surus Construction & Development served as the general contractor for the project, which began in summer 2022. Integrated Project Services handled architectural design, and Highpoint Engineering served as the civil engineer. Colliers is now marketing the property for lease.

FacebookTwitterLinkedinEmail
Newer Posts