Massachusetts Archives - REBusinessOnline

Hunneman Negotiates 24,103 SF Office Lease in Braintree, Massachusetts

Taylor Williams — Thu, 26 Mar 2026 12:48:10 +0000

BRAINTREE, MASS. — Regional brokerage firm Hunneman has negotiated a 24,103-square-foot office lease in Braintree, a southern suburb of Boston. The tenant is the Massachusetts Department of Children & Families, and the space is located within Forbes Business Center, a three-building, 150,000-square-foot development. Ned Halloran and Leeanne Rizzo of Hunneman represented the landlord, KS Partners, in the lease negotiations.

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American Surgical Co. Signs 20,325 SF Life Sciences Lease in Beverly, Massachusetts

Taylor Williams — Tue, 24 Mar 2026 12:26:37 +0000

BEVERLY, MASS. — American Surgical Co. has signed a 20,325-square-foot life sciences lease in Beverly, a northeastern suburb of Boston. The provider of medical tools is relocating from Shetland Park in nearby Salem to 100 Cummings Center, a newly built, 1.3 million-square-foot research-and-development facility. Joe Doyle and John Coakley of Cresa represented the tenant in the lease negotiations. Al Diamond represented the landlord, Cummings Properties, on an internal basis.

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MassDevelopment Provides $27.7M in Bond Financing for Charter School Expansion in Metro Boston

Taylor Williams — Thu, 19 Mar 2026 13:45:00 +0000

PEABODY AND DANVERS, MASS. — MassDevelopment has provided $27.7 million in tax-exempt bond financing for the metro Boston expansion of the Pioneer Charter School of Science. The school used the bond proceeds to purchase adjoining lots in Peabody and Danvers, both of which are located northeast of the state capital, and is now constructing a 53,217-square-foot facility for students in grades kindergarten through eighth. The new facility will have six special education and English Language Learning classrooms, 14 offices, labs, art and music rooms, a gym and a cafeteria. Construction is slated for an August completion. Salem Five purchased the bond.

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Northmarq Negotiates Sale of 66,682 SF Grocery Store in Worcester, Massachusetts

Taylor Williams — Wed, 18 Mar 2026 13:43:47 +0000

WORCESTER, MASS. — Northmarq has negotiated the sale of a 66,682-square-foot grocery store in the Central Massachusetts city of Worcester. The Worcester Business Journal reports that the sales price was $31 million and that the buyer was an affiliate of Fidelity Investments. Regional grocer Shaw’s has occupied the space at 14 W. Boylston St. since 2004. Josh Dicker and Zach Pool led the Northmarq team that brokered the deal. According to Northmarq, the deal marked the largest single-tenant grocery sale in Massachusetts in 2025.

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Hunneman Negotiates 42,060 SF Lease at Flex Building in Wilmington, Massachusetts

Taylor Williams — Tue, 17 Mar 2026 13:42:55 +0000

WILMINGTON, MASS. — Regional brokerage firm Hunneman has negotiated a 42,060-square-foot lease at a flex building in the northern Boston suburb of Wilmington. The tenant is Goddard Technologies, a developer of medical devices and robotics, and the space is located within the 123,000-square-foot building at 205 Lowell Street, which can support both office and lab uses. Chris Curley, Mike Allen and Ken Oppenheim of Hunneman, along with internal agent James McManus, represented the landlord, Howland Development, in the lease negotiations.

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Nortiva Bio Signs 22,881 SF Life Sciences Lease Renewal in Lexington, Massachusetts

Taylor Williams — Tue, 17 Mar 2026 13:29:21 +0000

LEXINGTON, MASS. — Nortiva Bio has signed a 22,881-square-foot life sciences lease renewal in Lexington, located northwest of Boston. The biopharmaceutical company’s space is located on the third floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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Convatec Signs 24,572 SF Life Sciences Lease Expansion, Extension in Lexington, Massachusetts

Taylor Williams — Mon, 16 Mar 2026 14:08:28 +0000

LEXINGTON, MASS. — Convatec has signed a life sciences lease expansion and extension in Lexington, located northwest of Boston. The medical products and technology company now occupies 24,572 square feet on the second floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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Gillette to Invest Nearly $1B for New Headquarters in South Boston

Kristin Harlow — Wed, 11 Mar 2026 12:00:00 +0000

BOSTON — Shaving products company P&G Gillette has unveiled plans to purchase 232 A Street in South Boston as the future home of its nearly $1 billion Grooming Headquarters and Technical Innovation Center. The company is also expanding its Andover, Mass., manufacturing facility and redeveloping its 31-acre South Boston campus. The new headquarters announcement marks the single-largest investment made by Gillette in Boston, according to the company. The site is currently owned by Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital. It is permitted for a 324,315-square-foot research-and-development facility with ground-floor retail space. Jonathan Varholak of CBRE led the brokerage team that facilitated the land sale. Gillette says the purchase of the site unlocks multiple project benefits agreed to when the site was permitted by Breakthrough Properties in 2024. Once complete, the project will contribute 1.5 acres of publicly accessible open space along the Fort Point Channel, including new sidewalks, bike lanes, a waterfront park and improvements to the South Boston Harborwalk. The parcel also includes monetary allocations for public art and shuttle services. “This new development will keep hundreds of high-tech research-and-development jobs in the city and serves as a testament to the strength of our…

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EverybodyFights to Open 28,000 SF Gym at Hood Park in Charlestown, Massachusetts

Taylor Williams — Tue, 10 Mar 2026 13:28:03 +0000

CHARLESTOWN, MASS. — EverybodyFights will open a 28,000-square-foot gym in Charlestown, located north of Boston, that will be the fitness concept’s third in the state capital area. The space is located within Hood Park, a 20-acre mixed-use redevelopment of the former H.P. Hood & Sons dairy production facility. The gym will feature an infrared sauna, cold plunge tub, Normatec recovery tools, onsite physical therapy services and a dedicated member lounge. The opening is scheduled for December.

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Premier Fence Acquires 25.8-Acre Industrial Facility in Middleborough, Massachusetts

Taylor Williams — Thu, 05 Mar 2026 14:06:29 +0000

MIDDLEBOROUGH, MASS. — Premier Fence, a provider of fencing and outdoor home goods, has acquired a 25.8-acre industrial facility in Middleborough, located south of Boston. The property at 370 Wareham St. features four approximately 20,000-square-foot buildings. Two buildings will house uses such as manufacturing, warehousing of raw materials, storage of finished goods and office, showroom and employee training space. Premier Fence will market the other two buildings for lease. The company expects to open its new facility this spring. MassDevelopment provided $11.7 million in bond financing, some of which is tax-exempt, for the purchase and build-out of the facility. Cambridge Savings Bank purchased the bond.

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Cummings Buys 330,000 SF Vacant Office, Life Sciences Complex in Bedford, Massachusetts

Taylor Williams — Thu, 05 Mar 2026 14:03:05 +0000

BEDFORD, MASS. — Locally based investment firm Cummings Properties has purchased a 330,000-square-foot vacant office and life sciences facility in Bedford, located northwest of Boston. Developed in 2001 and known as Bedford Woods, the two-building facility sits on a 56-acre site at 174-176 Middlesex Turnpike; 35 of those acres remain undeveloped. Cummings acquired the property, which last sold for more than $93 million in 2012 to Texas-based Orion REIT LP, via auction.

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WinnCos. Completes $55.3M Affordable Seniors Housing Redevelopment in Holyoke, Massachusetts

Taylor Williams — Wed, 04 Mar 2026 15:08:23 +0000

HOLYOKE, MASS. — WinnCos. has completed a $55.3 million seniors housing redevelopment in the western Massachusetts city of Holyoke. Residences at Appleton is an adaptive reuse of a former alpaca mill complex that has been vacant since the 1970s into an affordable housing complex for residents age 55 and older. Of the property’s 88 units, 12 are reserved for seniors earning 30 percent or less of the area median income (AMI); 63 are earmarked for renters earning 60 percent of AMI; and 13 are set aside for those earning 80 percent or less of AMI. The unit mix comprises four studios, 75 one-bedroom residences and nine two-bedroom units. Amenities include a fitness center, resident lounge and an outdoor recreation area. Keith Construction served as the general contractor for the project, which was designed by The Architectural Team. VHB provided civil engineering and permitting services. Local nonprofit OneHolyoke provided gap financing for the project, and Bank of America served as the construction lender and the investor in the project’s state and federal low-income housing tax credits. MassHousing also provided tax-exempt bond financing for the development.

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HVPG Buys Two Affordable Housing Properties in Boston, Plans Renovation

Taylor Williams — Tue, 03 Mar 2026 14:36:35 +0000

BOSTON — Hudson Valley Property Group (HVPG), a New York-based affordable housing owner-operator, has purchased Boston Bay and Hope Bay, two adjacent properties totaling 133 units in the Dorchester area of Boston. The properties comprise 20 buildings that were constructed between 1890 and 1920. HVPG plans to invest about $6.4 million ($48,000 per unit) in renovations to both properties, including upgrades to kitchen and bathroom fixtures and appliances, as well as common area enhancements and upgraded security and lighting features. Capital improvements will ensure long-term affordability of both assets.

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Newmark Negotiates 47,500 SF Industrial Lease in Bedford, Massachusetts

Taylor Williams — Thu, 26 Feb 2026 13:24:24 +0000

BEDFORD, MASS. — Newmark has negotiated a 47,500-square-foot industrial lease in Bedford, located northwest of Boston. The tenant is sustainable energy company Fourth Power, and the space is located within a newly built, 147,000-square-foot advanced manufacturing facility. Torin Taylor, Rich Ruggiero, Matt Adams, Tyler McGrail and Rory Walsh of Newmark represented the landlord, a partnership between Camber Development and Wheelock Street Capital, in the lease negotiations. Rob Glor and Michael Goodwin of Rise73 represented the tenant.

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Mill Creek Breaks Ground on $145M Multifamily Project in Boston

Taylor Williams — Tue, 24 Feb 2026 15:35:12 +0000

BOSTON — Mill Creek Residential has broken ground on a $145 million multifamily project in the Allston area of Boston. Modera Allston will have 240 units in studio, one-, two- and three-bedroom floor plans. Residences will be furnished with stainless steel appliances, quartz countertops, tile backsplashes and in-home washers and dryers. Amenities will include a rooftop deck, grilling areas, resident clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces, private workstations and offices, landscaped courtyards, pet spa and a fitness studio. CUBE3 is the project architect, and H+O is the structural engineer. The first move-ins are expected to begin in 2028.

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Walker & Dunlop Arranges $53.6M Sale of Mixed-Use Property in Cambridge

Taylor Williams — Mon, 23 Feb 2026 14:20:38 +0000

CAMBRIDGE, MASS. — Walker & Dunlop has arranged the $53.6 million sale of 929 MASS, a two-building, mixed-use property in Cambridge, located across the Charles River from Boston. The property consists of an 18-story building with 96 apartments, 12,451 square feet of commercial space and 101 parking spaces, along with a contiguous five-story building with 31 residential units. Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland of Walker & Dunlop represented the undisclosed, institutional seller in the transaction. The buyer was John M. Corcoran & Co.

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MassDevelopment Provides $23.5M in Bond Financing for Metro Boston Affordable Housing Project

Taylor Williams — Tue, 17 Feb 2026 15:20:17 +0000

REVERE, MASS. — MassDevelopment has provided $23.5 million in tax-exempt bond financing for a 56-unit affordable housing project in Revere, located just east of Boston. The building at 110 Ocean Ave. will have 32 units for households earning 50 percent or less of the area median income (AMI) and 24 units for households earning 30 percent or less of AMI. In addition to 48 one-, two- and three-bedroom units, the building will also have eight group living units. The borrower is an affiliate of local owner-operator The Neighborhood Developers.Construction is underway and is expected to be complete in fall 2027. TD Bank purchased the bond.

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Greystar Tops Out 416-Unit Multifamily Project in Everett, Massachusetts

Taylor Williams — Mon, 16 Feb 2026 15:02:08 +0000

EVERETT, MASS. — South Carolina-based developer Greystar has topped out a 416-unit multifamily project in the eastern Boston suburb of Everett. The project represents the second phase of a larger development at 1690 Revere Beach Parkway, the first phase of which totals 325 units and is known as Jade. Phase II is known as Juniper and will offer amenities such as courtyards, a fitness center and a lounge with a golf simulator. CUBE3 Architects designed both properties, which between them will include 850 parking spaces and 10,500 square feet of retail space. Juniper is expected to be complete before the end of the year. Construction of Juniper began in summer 2024.

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JLL Arranges $23M Loan for Refinancing of Cambridge Apartment Building

Taylor Williams — Fri, 13 Feb 2026 14:45:44 +0000

CAMBRIDGE, MASS. — JLL has arranged a $23 million loan for the refinancing of a 65-unit apartment building in Cambridge. The seven-story building at 1008 Mass Ave. was completed in 1999 and offers studio, one- and two-bedroom units, as well as ground-floor retail space. Amenities include a fitness center and a sundeck. Anthony Cutone, Madeline Joyce and Michael Schwarze of JLL arranged the loan through Manulife / John Hancock Life Insurance Co. The borrower was not disclosed. Boston Residential Group provided support for the transaction.

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Partnership Breaks Ground on 473-Unit Multifamily Project in Revere, Massachusetts

Taylor Williams — Tue, 10 Feb 2026 15:53:02 +0000

REVERE, MASS. — A partnership between regional developer HYM Investment Group, private investment group Cathexis Holdings and Related Fund Management has broken ground on Portico, a 473-unit multifamily project in Revere, located northeast of Boston. The site is located within Suffolk Downs, a 161-acre, mixed-use redevelopment of a former horseracing complex. Portico will offer studio, one- and two-bedroom floor plans and 33,000 square feet of ground-floor retail space. Amenities will include a sky deck, lounge with a kitchen, courtyard with flex spaces and grilling stations, recording pods, a fitness center and a veranda with a coffee bar and private workspaces. Prellwitz Chilinski Architects is designing the project, and Suffolk Construction is serving as the general contractor. Completion is slated for early 2028.

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