METHUEN, MASS. —Hunneman has negotiated a 70,872-square-foot industrial lease in Methuen, located along the Massachusetts-New Hampshire border. The tenant, CMC North America, a provider of sales and distribution services for aerial work platforms, will consolidate its regional footprint and headquarters via occupancy of the entire building at 200 Danton Drive, which includes 20,663 square feet of office space. Ken Oppenheim of Hunneman represented CMC North America in the lease negotiations.
WORCESTER, MASS. — Marcus & Millichap has brokered the $7.2 million sale of a portfolio of three office buildings totaling 83,769 square feet (gross) in the Central Massachusetts city of Worcester. The interconnected buildings, which were 82 percent leased at the time of sale, sit on 2.2 acres and house onsite restaurant VIA, as well as 155 parking spaces. Harrison Klein of Marcus & Millichap represented the seller and procured the buyer in the transaction.
BURLINGTON, MASS. — Newmark has brokered the sale of Burlington BioCenter, a 109,085-square-foot life sciences building located on the northwestern outskirts of Boston. Originally completed in 2019 with its interior laboratory build-outs finalized in 2022, the building features high-performance laboratory infrastructure and HVAC systems, a backup power source and dedicated loading areas, as well as a two-story lobby. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark brokered the deal. The buyer and seller were not disclosed.
BEVERLY, MASS. — Locally based owner-operator The Procopio Cos. has begun leasing Amara, a 60-unit apartment complex in Beverly, a northeastern suburb of Boston. Amara offers studio, one-, two-bedroom units and amenities such as a rooftop deck, fitness center and work-from-home space. SV Design served as the architect for the project, which Procopio developed in partnership with another local developer, Beverly Crossing. Rents start at $2,585 per month for a studio apartment.
WALPOLE, MASS. — JLL has brokered the $26 million sale of an 85,159-square-foot industrial building in Walpole, about 30 miles southwest of Boston. The building at 295 Union St. is home to tenants such as Tesla, Home Depot and Goodyear and features a clear height of 40 feet and 450 car parking spaces. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the sellers, Casco Real Estate Partners and Berkeley Partners, in the transaction. The buyer was San Francisco-based investment firm Stockbridge.
HOUSTON — Hines Global Investment Trust (HGIT), a real estate investment trust (REIT) sponsored by Houston-based global asset manager Hines, has acquired three industrial assets located on the East Coast for a total $309 million. The acquired properties include two distribution facilities situated within the Georgia International Trade Center (GITC) in the Savannah market and two warehouse/distribution facilities located in Upton Crossing, a warehouse campus in Wilmington, Mass. The Davis Cos., a real estate investment and development firm based in Boston, sold both assets, which total 2.5 million square feet. Additionally, HGIT acquired I-85 Logistics Center, an industrial property in the Greenville-Spartanburg metro in South Carolina’s Upstate region. The seller of I-85 Logistics Center was not disclosed. The properties in Savannah total 2.2 million square feet and were fully leased at the time of sale. A joint venture between Davis and Atlanta-based Stonemont Financial Group developed GITC, which comprises a total 7.7 million square feet of manufacturing and warehouse space across 10 buildings. The site is located roughly 10 miles from the Port of Savannah. Totaling 215,000 square feet, the properties at Upton Crossing in Wilmington were 81 percent leased at the time of acquisition. Davis acquired Upton Crossing in …
LEOMINSTER, MASS. — Marcus & Millichap has brokered the $7.2 million sale of Leominster Plaza, a 20,279-square-foot retail strip center located about 50 miles west of Boston. Urgent care provider ConvenientMD anchors the center, and other tenants include GEICO, ARA Leominster Dialysis and Kids Care+. Adam Cohen and Brett Kilar of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BOSTON — JLL has arranged a $650 million loan for the refinancing of One Congress, a 43-story, 1 million-square-foot office tower in downtown Boston. Designed by Pelli Clarke & Partners, One Congress was completed in 2023 within Bulfinch Crossing, which is a redevelopment of the former Government Center Garage. The building offers amenities such as a full-floor center with food and beverage service, a 15,000-square-foot rooftop terrace, a 7,000-square-foot fitness center and a triple-height lobby with a coffee bar and seating. Financial services company State Street Corp. (510,000 square feet) and data management services provider InterSystems Corp. (42,000 square feet) are the anchor tenants. Riaz Cassum, Coleman Benedict, Jim Meisel, Mike Shepard and Hugh Doherty of JLL arranged the loan through Bank of America and Wells Fargo on behalf of the borrower, a partnership between Carr Properties and National Real Estate Advisors.
HOPKINTON, MASS. — JLL has arranged the refinancing of a 198,336-square-foot manufacturing facility in the western Massachusetts suburb of Hopkinton. The loan amount was not disclosed. The two-building facility sits on 19 acres at 68-78 Elm St. and was fully leased at the time of the loan closing to life sciences and diagnostics company Revvity. Andrew Gray, Ryan Parker and Brooke Howard of JLL arranged the loan through an undisclosed commercial bank on behalf of the borrower, locally based investment firm NorthBridge Partners.
CANTON, MASS. — Marcus & Millichap has brokered the $7.1 million sale of a 39,687-square-foot warehouse in Canton, a southern suburb of Boston. The building sits on a 2.6-acre site at 40 Hudson Road and was fully leased at the time of the loan closing to an electrical manufacturing company. Harrison Klein of Marcus & Millichap represented the buyer, Seyon Group, in the transaction. The seller, an entity doing business as Canton II JB Capital LLC, was self-represented.
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