READING, MASS. — Trader Joe’s will open a new grocery store in Reading, a northern suburb of Boston, later this year. The square footage was not disclosed. The store will be located within The Crossing at Walkers Brook, a 480,000-square-foot shopping center that is also home to Jordan’s Furniture, Home Depot, Golf Galaxy, The Paper Store and Starbucks. Chris Mearn of District Real Estate Advisors represented Trader Joe’s in the lease negotiations. Regional owner-operator Wilder Cos. owns The Crossing at Walkers Brook.
BOSTON — National developer Millennium Partners has received $281 million in Property Assessed Clean Energy (PACE) financing for the residential component of Winthrop Center, a 62-story mixed-use tower in downtown Boston. Nuveen Green Capital provided the financing, which will be administered under the PACE Massachusetts program by MassDevelopment, the Commonwealth’s development finance agency and land bank. Located at 115 Federal St. in downtown Boston, Winthrop Center comprises 317 luxury condominium residences that are known as The Millennium Residences at Winthrop Center, as well as approximately 800,000 square feet of office space and a multi-level public gathering space known as The Connector. Winthrop Center, which was first capitalized in fall 2020, carries LEED Platinum and WELL Gold certifications. The financing allows Millennium Partners to build on these sustainability investments and reinforces Winthrop Center’s position as an environmentally advanced mixed-use development, according to the team that worked on the deal. “MassDevelopment is excited to see The Millennium Residences at Winthrop Center recapitalized through PACE Massachusetts, representing the largest commercial PACE financing in the region to date,” says Navjeet Bal, president and CEO of MassDevelopment, which is administering the loan in consultation with the Massachusetts Department of Energy Resource. “We encourage developers and …
TAUNTON, MASS. — Greystar has broken ground on Whittenton Mills, a 390-unit multifamily project in Taunton, located south of Boston. The project, which will feature modular construction, is a redevelopment of a former 19th-century mill complex that has long been vacant and was demolished earlier this year. The property will consist of 10 buildings that will house one-, two- and three-bedroom units. Amenities will include a clubhouse, pool, dog park, putting green, bocce ball court and a playground, as well as 1.5 acres of public green space. The first units are expected to be available for occupancy by next spring.
HYANNIS, MASS. — Simon Property Group has welcomed two new tenants to Cape Cod Mall in Hyannis. Aloha Mini Golf, which provides a glow-in-the-dark mini golf experience, and Exotic Snack Guys, which offers a curated mix of international snacks, trending treats, and viral favorites from around the world, are now both open. The stores are located across from Dick’s Sporting Goods and American Eagle, respectively.
GREAT BARRINGTON, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the sale of a 66-unit apartment building in Great Barrington, located in western Masschusetts. Beech Tree Apartments comprises eight buildings on a 4.5-acre site. Taylor Perun and Brad Balletto of NECPG, in conjunction with internal agents Daniel Scherban and Joseph Scherban, represented the seller, Rowin Capital, in the transaction and procured the buyer, The Alander Group.
NEEDHAM, MASS. — Onyx Partners has purchased a historic building in Needham, a southwestern suburb of Boston, for its new headquarters. The regional investment and development firm will redevelop the former You-Do-It Electronics Center building at 40 Franklin St., which was completed in 1965 and closed in 2024. Plans call for a modernization of the building interior and exterior, the upgrading of utility and mechanical systems and the adding of new office finishes. A tentative completion date was not announced.
NATICK, MASS. — Locally based brokerage firm ABG Commercial Realty has negotiated the $7 million sale of a 24,448-square-foot office and retail building in the western Boston suburb of Natick. According to LoopNet Inc., the building at 801 Worcester St. was completed in 1985. Bernard Gibbons of ABG Commercial represented the buyer, Empire Management, in the transaction. JLL represented the seller, Cognex, a locally based manufacturer of machine vision systems, software and industrial barcode readers.
NEWBURY, MASS. — JLL has brokered the sale of a 686-unit self-storage facility in Newbury, located northeast of Boston. Newbury Self Storage comprises 12 single-story buildings that were built in phases between 2016 to 2023 on a 49.3-acre site. Totaling 111,000 net rentable square feet, the property also includes land for future expansion. JLL represented the seller, an entity doing business as Stowaway Storage Newbury LLC, in the transaction and procured the buyer, Andover Properties.
BOSTON — Ratio Therapeutics has signed a 17,000-square-foot office lease expansion in Boston’s Seaport District. The developer of radiopharmaceuticals for cancer patients will remain at the Innovation & Design Building, a 1.4 million-square-foot mixed-use property that was originally constructed in 1918 as a waterside storehouse for the South Boston Army Base. Ratio Therapeutics was self-represented in the lease negotiations. A partnership between Related Beal and Jamestown owns the building.
BOSTON — Autodesk has signed a 72,000-square-foot office lease renewal in Boston’s Seaport District. The provider of 3D design, engineering and entertainment software will remain at the Innovation & Design Building, a 1.4 million-square-foot mixed-use building that was originally constructed in 1918 as a waterside storehouse for the South Boston Army Base. Luke Wilson of Colliers represented Autodesk in the lease negotiations. A partnership between Related Beal and Jamestown owns the building.
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