Massachusetts Archives - REBusinessOnline

Marcus & Millichap Brokers $20.5M Sale of Metro Boston Multifamily Property

Taylor Williams — Mon, 22 Dec 2025 14:28:56 +0000

ARLINGTON, MASS. — Marcus & Millichap has brokered the $20.5 million sale of Mystic Grove Apartments, a 60-unit multifamily complex located on the northwestern outskirts of Boston. Built in phases between 1925 and 1963, Mystic Grove offers studio, one-, two- and four-bedroom apartments, as well as a fitness center and onsite laundry facilities. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Newmark Negotiates $132M Sale of Office Property in Needham, Massachusetts

Taylor Williams — Fri, 19 Dec 2025 14:04:23 +0000

NEEDHAM, MASS. — Newmark has negotiated the $132 million sale of 140 Kendrick Street, a 400,00-square-foot office property in Needham, located southwest of Boston. Wellington Management anchors the property, which comprises three interconnected buildings that are also home to tenants such as Clarks, CyberArk and Focus Partners Wealth. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, BXP (formerly known as Boston Properties), in the transaction. The team also procured the buyer, a partnership between Cross Ocean Partners and Lincoln Property Co.

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Stonegate Group Delivers 46-Unit Multifamily Project in Natick, Massachusetts

Taylor Williams — Fri, 19 Dec 2025 13:42:15 +0000

NATICK, MASS. — Local developer Stonegate Group has delivered a 46-unit multifamily project in Natick, a western suburb of Boston. In addition to the apartments, which come in one-, two- and three-bedroom floor plans, the four-story building features four for-sale duplexes and 12,000 square feet of retail space. Finegold Alexander Architects designed the project, and Nauset Construction served as the general contractor. Rents start at $3,200 per month for a one-bedroom, market-rate apartment.

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Newmark Brokers $84.5M Sale of Keurig Dr Pepper Campus in Metro Boston

Taylor Williams — Thu, 18 Dec 2025 14:22:12 +0000

BURLINGTON, MASS. — Newmark has arranged the $84.5 million sale of the 431,233-square-foot campus of Keurig Dr Pepper in Burlington, located north of Boston. The two-building campus was constructed in 2014 and consists of a 280,560-square-foot office building and a 150,673-square-foot research-and-development/manufacturing facility. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, Peakstone Realty Trust, in the transaction. The team also procured the buyer, Montana Avenue Capital Partners.

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Logistics Property Co. to Develop 312,279 SF Industrial Project in West Bridgewater, Massachusetts

Taylor Williams — Tue, 16 Dec 2025 15:11:15 +0000

WEST BRIDGEWATER, MASS. — Chicago-based Logistics Property Co. will develop United Logistics Center, a 312,279-square-foot industrial project in West Bridgewater, located south of Boston. The site spans 43 acres at 38-40 United Drive, and the development will consist of two buildings that will span 131,045 and 181,234 square feet. Both buildings will feature 36-foot clear heights, “substantial” car and truck parking and the ability to accommodate a single or multiple users. Newmark represented the undisclosed seller in the land deal. Construction is expected to be complete in the first quarter of 2027.

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Sagard Real Estate Buys Metro Boston Warehouse for $17.8M

Taylor Williams — Fri, 12 Dec 2025 14:37:45 +0000

WOBURN, MASS. — Denver-based investment firm Sagard Real Estate has purchased a 66,970-square-foot warehouse located at 8 Roessler Road in Woburn, a northern suburb of Boston, for $17.8 million. The front-load building, which features a clear height of 24 feet, two dock-high doors and 55 car parking spaces, has housed the headquarters of Atlantic Plywood Corp. since 1987. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the seller, a joint venture between Oliver Street Capital and Bain Capital Real Estate, in the transaction.

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Lument Provides $27M HUD-Insured Loan for Refinancing of Boston Affordable Housing Property

Taylor Williams — Wed, 10 Dec 2025 14:33:30 +0000

BOSTON — New York City-based Lument has provided a $27 million HUD-insured loan for the refinancing of East Canton Street Apartments, a historic affordable housing property located in the InkBlock neighborhood of Boston. The property consists of four five-story buildings that were originally constructed in the late 1800s and a house total of 80 units. East Canton Street Apartments was converted to HUD-subsidized housing in 1981 and rehabilitated in 2007. Tracy Peters of Lument originated the fixed-rate loan through HUD’s 223(f) program on behalf of the owner, HallKeen Management.

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Labshares Signs 58,000 SF Life Sciences Lease in Watertown, Massachusetts

Taylor Williams — Wed, 10 Dec 2025 14:19:10 +0000

WATERTOWN, MASS. — Labshares has signed a 58,000-square-foot life sciences lease in Watertown, a western suburb of Boston. The operator of shared lab facilities will occupy space at 66 Galen St., a newly completed, 225,000-square-foot facility that is part of a larger campus. Bob Richards, Ben Coffin and Sam Crossan of JLL represented the landlord, a partnership between The Davis Cos. and Boston Development Group, in the lease negotiations. Crossan also represented Labshares.

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NanoDx Signs 20,908 SF Life Sciences Lease in Watertown, Massachusetts

Taylor Williams — Tue, 09 Dec 2025 14:56:18 +0000

WATERTOWN, MASS. — NanoDx has signed a 20,908-square-foot life sciences lease in Watertown, a western suburb of Boston. The diagnostics company is taking space at 66 Galen St., a newly completed, 225,000-square-foot facility that is part of a larger campus. Stefan Frey of Commonwealth Commercial Advisors represented NanoDx in the lease negotiations. Bob Richards, Ben Coffin and Sam Crossan of JLL represented the landlord, a partnership between The Davis Cos. and Boston Development Group.

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NEPCG Arranges $9.7M Sale of Mixed-Use Building in Easthampton, Massachusetts

Taylor Williams — Mon, 08 Dec 2025 15:26:44 +0000

EASTHAMPTON, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $9.7 million sale of Mill 180, a 96,200-square-foot mixed-use building in the Central Massachusetts city of Easthampton. The building is a conversion of a historic mill structure, the initial redevelopment of which took place in 2005. Mill 180 now consists of 25 apartments and 60,000 square feet of retail space. Tim McGeary and Taylor Perun of NEPCG represented the seller, local developer Michael Michon, in the transaction and procured the buyers, private investor Jay Patel and associates.

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Foxfield Sells 45-Unit Apartment Building in Beverly, Massachusetts

Taylor Williams — Mon, 08 Dec 2025 14:57:20 +0000

BEVERLY, MASS. — Locally based investment firm Foxfield has sold 50 Broadway, a 45-unit apartment building in Beverly, located northeast of Boston. According to Apartments.com, the building exclusively offers studio apartments with an average size of 421 square feet, as well as outdoor grilling and dining stations and onsite laundry facilities. Kevin Gleason and Henry Smith of Walker & Dunlop brokered the sale. The buyer and sales price were not disclosed. Foxfield acquired the building in 2021 in partnership with Taymil Partners.

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Kelleher & Sadowsky Arranges $14.3M in Financing for Multifamily Conversion Project in Worcester

Taylor Williams — Wed, 03 Dec 2025 14:53:00 +0000

WORCESTER, MASS. — Kelleher & Sadowsky Associates Inc. has arranged $14 million in financing for a multifamily conversion project in downtown Worcester. The borrower, CMK Development Partners, will use the proceeds to acquire and convert a historic three-building complex known as One Exchange Place into 44 apartments and ground-floor retail space. Units will feature a mix of floor plans, and nine residences will be set aside as affordable housing. Amenities will include a fitness center, business center and a revitalized outdoor courtyard. Meghan Liddy and Chris Naff led the debt placement for Kelleher & Sadowsky. The direct lender was not disclosed.

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CBRE Brokers $12.2M Sale of Shopping Center in New Bedford, Massachusetts

Taylor Williams — Wed, 03 Dec 2025 14:49:04 +0000

NEW BEDFORD, MASS. — CBRE has brokered the $12.2 million sale of Fieldstone Marketplace, a 192,003-square-foot shopping center in New Bedford, located at the base of Cape Cod. Restaurant Depot and discount retailer Ollie’s anchor the newly repositioned center. Nat Heald, Connor Scott and Jordana Roet of CBRE represented the seller in the transaction and procured the buyer. Both parties requested anonymity.

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GSC USA Renews 231,000 SF Industrial Lease in Leominster, Massachusetts

Taylor Williams — Wed, 03 Dec 2025 14:46:04 +0000

LEOMINSTER, MASS. — GSC USA has renewed its 231,000-square-foot industrial lease in Leominster, a western suburb of Boston. The plastics injection molding company will remain at the building at 175 Pioneer Drive for an unspecified term. Steve Woodworth and Mitch Kumin of Savills represented GSC USA in the lease negotiations. The landlord, Arris Partners, was self-represented.

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Marcus Partners, Rhino Capital Buy Boston-Area Industrial Portfolio for $40.5M

Taylor Williams — Tue, 02 Dec 2025 15:08:04 +0000

CHELMSFORD AND MEDFORD, MASS. — A partnership between two local investment firms, Marcus Partners and Rhino Capital Advisors, has purchased a portfolio of five industrial properties totaling 307,053 square feet in the Boston area. The sales price was $40.5 million. Four of the properties are located in Chelmsford, and the fifth is located in Medford. Citizens Bank provided acquisition financing for the deal. The seller was not disclosed.

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Urban Edge Partners Acquires 91,000 SF Retail Property in Boston

Taylor Williams — Tue, 02 Dec 2025 14:59:24 +0000

BOSTON — Urban Edge Partners has acquired Brighton Mills Center, a 91,000-square-foot retail property in Boston. Grocer Star Market anchors the center, and other tenants include Petco, Spring Shabu Restaurant, Bank of America and McDonald’s. Nat Heald, Jordana Roet, Connor Scott and Scott Dragosled of CBRE represented the undisclosed seller in the negotiations. The team also procured the buyer. The sales price was not disclosed.

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WilmerHale Renews 201,018 SF Office Lease in Downtown Boston

Taylor Williams — Mon, 24 Nov 2025 15:16:32 +0000

BOSTON — WilmerHale has renewed its 201,018-square-foot office lease in downtown Boston. The international law firm will continue to occupy floors 25 through 32 at 60 State Street, a 600,000-square-foot building in which the company has been a tenant since 1977. Roy Hirshland, Thomas Fulcher, Arthur Greenberg, Ron Perry and Matthew Perry of Savills represented WilmerHale in the lease negotiations. Dan Cavanaugh, Ryan Enright and Patrick Nugen of JLL represented the landlord, Starwood REIT.

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PEAK Events Signs 16,000 SF Industrial Lease in Andover, Massachusetts

Taylor Williams — Fri, 21 Nov 2025 14:00:19 +0000

ANDOVER, MASS. — PEAK Events has signed a 16,000-square-foot industrial lease in Andover, located north of Boston. The regional event equipment provider is taking space at 4 Executive Place, a 168,000-square-foot building, alongside Red Thread, which recently leased 96,000 square feet of space within the building. Locally based investment and development firm Marcus Partners owns the building. Both parties were self-represented in the lease negotiations.

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New England Appliance Group Signs 124,000 SF Industrial Lease in Bellingham, Massachusetts

Taylor Williams — Wed, 19 Nov 2025 15:10:05 +0000

BELLINGHAM, MASS. — New England Appliance Group has signed a 124,000-square-foot industrial lease in Bellingham, located southwest of Boston. The independent retailer cooperative will occupy the entirety of the building at 206 Mechanic St. Locally based investment and development firm Marcus Partners owns the building. Both parties were self-represented in the lease negotiations.

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CC&F Breaks Ground on 180,000 SF Manufacturing, Life Sciences Project in Woburn, Massachusetts

Taylor Williams — Tue, 18 Nov 2025 15:29:58 +0000

WOBURN, MASS. — Local developer Cabot, Cabot & Forbes (CC&F) has broken ground on The Bolt, a 180,000-square-foot manufacturing and life sciences facility located north of Boston in Woburn. The Bolt is being developed on a speculative basis and is expected to be responsible for the creation of about 300 new jobs. Jacobs designed the project, and John Moriarty & Associates is serving as the general contractor. Cushman & Wakefield is the leasing agent. Kawa provided $79 million in construction financing for the project, which is expected to be available for occupancy by the second quarter of 2027.

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