Massachusetts Archives - REBusinessOnline

Garden Communities Nears Completion of 292-Unit Multifamily Project in Metro Boston

Taylor Williams — Wed, 27 May 2026 15:05:25 +0000

NEWTON, MASS. — Garden Communities, a New Jersey-based owner-operator, is nearing completion of Newton Crossing, a 292-unit multifamily project that will be located on the western outskirts of Boston. Newton Crossing will comprise three buildings that will house studio, one-, two- and three-bedroom units. Amenities will include a game room with billiards, conference rooms, flex lounge areas, a fitness center, golf simulator and a rooftop terrace. Marketing and leasing initiatives are now underway, although information on starting rents was not immediately available.

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Newmark Brokers $32.1M Sale of Metro Boston Healthcare Property

Taylor Williams — Fri, 22 May 2026 14:49:05 +0000

WATERTOWN, MASS. — Newmark has brokered the $32.1 million sale of a 52,847-square-foot healthcare property located at 485 Arsenal St. in the western Boston suburb of Watertown. The property consists of two interconnected, low-rise buildings that were fully leased at the time of sale to Atrius Health, a subsidiary of Optum and United Healthcare Services Inc. A partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management sold the asset to JLL Income Property Trust. Robert Griffin, Michael Greeley, Frank Nelson, Blake McLaughlin, Ben Appel, Jay Miele, John Nero and Justin Shepherd of Newmark brokered the deal.

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JLL Income Property Trust Buys Metro Boston Healthcare Property for $32M

Taylor Williams — Mon, 18 May 2026 13:30:26 +0000

WATERTOWN, MASS. — JLL Income Property Trust has purchased West Boston Medical Center, a 53,000-square-foot healthcare property located on the western outskirts of the state capital, for $32 million. The 53,000-square-foot building was fully leased at the time of sale to a single provider that recently signed a new 15-year lease. Specialty practices housed within the facility include internal medicine, pediatrics, female reproductive health, radiology, physical therapy and dermatology. The seller was not disclosed.

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Atlantic Capital Negotiates $10.7M Sale of Retail Strip Center in North Reading, Massachusetts

Taylor Williams — Mon, 18 May 2026 13:27:19 +0000

NORTH READING, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $10.7 million sale of a retail strip center in North Reading, about 20 miles north of Boston. CVS anchors the center at 18-20 Main St., which totals 46,738 square feet, with a 13,225-square-foot store. Justin Smith, Chris Peterson, Danielle Turpin and John Dixon of Atlantic Capital Partners represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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BRUNT Workwear to Open 56,000 SF Headquarters Facility in Wilmington, Massachusetts

Taylor Williams — Fri, 15 May 2026 12:55:32 +0000

WILMINGTON, MASS. — BRUNT Workwear will open a 56,000-square-foot headquarters facility in Wilmington, located north of Boston. The space is located within the 126,000-square-foot advanced manufacturing facility at 301 Ballardvale St. and includes lab and office space. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant in its site selection and lease negotiations. Brian McKenzie and Christian Valli of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital.

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Simon Welcomes Four New Tenants to Wrentham Village Premium Outlets in Southern Massachusetts

Taylor Williams — Wed, 13 May 2026 14:06:24 +0000

WRENTHAM, MASS. — Simon Property Group has welcomed four new tenants to Wrentham Village Premium Outlets, located near the Massachusetts-Rhode Island border. Shaquille O’Neal’s Big Chicken and bubble tea concept Gong Cha are now open, and athletic apparel brand Fabletics and children’s retailer Gymboree will open this summer. The roster at Wrentham Village Premium Outlets now totals more than 170 tenants.

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Marcus & Millichap Brokers $4M Sale of Industrial Building in Leominster, Massachusetts

Taylor Williams — Fri, 08 May 2026 14:47:17 +0000

LEOMINSTER, MASS. — Marcus & Millichap has brokered the $4 million sale of a 62,259-square-foot industrial building in Leominster, about 50 miles west of Boston. The building at 44 Mead St. features clear heights of 14 to 16 feet, eight loading docks and two grade-level doors. Harrison Klein of Marcus & Millichap represented the undisclosed seller in the deal. Nate Nickerson of Fieldstone Commercial represented the buyer, The Lexvest Group.

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Wingate Completes 136-Unit Multifamily Renovation Project in Boston

Taylor Williams — Wed, 06 May 2026 13:44:46 +0000

BOSTON — An affiliate of Wingate Cos. has completed the renovation of Forte at 1440 Beacon, a 136-unit apartment building in Boston’s Brookline neighborhood. The property was originally built in 1949, and the renovation entailed upgrades to the lobby, common areas, building exterior and mechanical and utility systems. The project team also enhanced existing amenities and added some additional recreational spaces and features. Dario Designs was the project architect, and Nauset Construction was the general contractor.

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Davis Cos. Sells 922-Unit Self-Storage Facility in Metro Boston

Taylor Williams — Tue, 05 May 2026 14:39:10 +0000

MEDFORD, MASS. — Locally based owner-operator The Davis Cos. has sold a 922-unit self-storage facility in Medford, a northern suburb of Boston. Davis acquired the facility at 970 Fellsway, which spans 80,995 net rentable square feet, in 2019 and subsequently implemented capital improvements, as well as a 297-unit expansion. Extra Space Storage operates the facility, which was 84 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.

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Davis Cos. Sells 491-Unit Self-Storage Facility in Boston

Taylor Williams — Mon, 04 May 2026 14:16:44 +0000

BOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N. Beacon St., which spans 28,885 net rentable square feet, in April 2018 and subsequently implemented capital improvements, as well as a 56-unit, second-story expansion. Extra Space Storage operates the facility, which was 90 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.

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MassHousing Provides $50M in Financing for Affordable Housing Redevelopment in Brockton, Massachusetts

Taylor Williams — Fri, 01 May 2026 13:18:46 +0000

BROCKTON, MASS. — MassHousing has provided $50 million in financing for an affordable housing redevelopment project in Brockton, a southern suburb of Boston. The financing consists of $28.2 million in permanent debt, $20.7 million in tax credit bridge financing and $1 million in Capital Magnet Fund financing. Santander Bank is financing construction. The property in question is Campello Apartments, a distressed public housing project that was originally built in 1972, and the redevelopment will involve the demolition of a single-story building and two existing Campello high-rise buildings totaling 398 units. The first of the project’s three planned phases will feature a seven-story building with 144 units that will be reserved for households earning between 30 and 60 percent of the area median income. Amenities will include a main lounge on the ground floor, as well as laundry, fitness and social gathering spaces. The Brockton Housing Authority and Cambridge Housing Authority are leading the redevelopment, with BWA Architecture handling design and Shawmut Construction serving as the general contractor. An expected completion date was not announced.

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Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts

Taylor Williams — Fri, 01 May 2026 13:03:03 +0000

WESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc. Grossman has appointed local brokerage and advisory firm KeyPoint Partners to manage the building. The seller and sales price were not disclosed.

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MassHousing Provides $17.8M in Financing for Affordable Housing Project in Somerville, Massachusetts

Taylor Williams — Wed, 29 Apr 2026 13:29:15 +0000

SOMERVILLE, MASS. — MassHousing has provided $17.8 million in financing for a 43-unit affordable housing project in Somerville, located just outside of Boston. MassHousing also issued tax-exempt housing revenue bonds to finance the project, with TD Bank providing another $22.8 million in construction financing. The capital stack also includes $21.2 million in federal and state tax credits. The site at 24 Webster Ave. previously housed a vacant commercial building, which has since been demolished to make way for a six-story building that will have studio, one-, two- and three-bedroom units. Residences will be reserved for households earning between 30 and 60 percent of the area median income. The borrower is nonprofit organization Just A Start.

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Newmark Arranges $113.5M Sale of Two Boston Retail Properties

Taylor Williams — Tue, 28 Apr 2026 13:59:46 +0000

BOSTON — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and were custom-designed to house flagship stores of luxury retailers Chanel and Cartier, respectively. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and Osiris Ventures. Alex Foshay, Victoria Radman, Casey O’Brien and Christian Reenstierna, also with Newmark, provided support on the deal.

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Mesirow Buys 20-Story Apartment Building in East Cambridge, Massachusetts

Taylor Williams — Fri, 24 Apr 2026 12:55:30 +0000

EAST CAMBRIDGE, MASS. — Chicago-based financial services firm Mesirow has purchased a 20-story apartment building in East Cambridge, located across the Charles River from Boston. Built in 2015 within the 4.5 million-square-foot Cambridge Crossing mixed-use development, the building is known as Twenty20 and houses 355 units with an average size of 807 square feet, as well as 8,625 square feet of retail space. Residences come in studio, one-, two-, three- and four-bedroom floor plans. Amenities include a rooftop terrace, fitness center, yoga sundeck, a pet wash station, clubroom and a library. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an undisclosed institutional investment firm, in the transaction and procured Mesirow as the buyer.

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Party City Returns, Opens 700 Locations Inside Staples

Abby Cox — Fri, 24 Apr 2026 11:45:00 +0000

FRAMINGHAM, MASS. — Party City and Staples have partnered to bring the specialty party retailer inside more than 700 Staples locations nationwide and on the Staples website, with plans to expand to additional stores by the end of 2026. According to the companies, the partnership creates a single destination for celebrations by offering a selection of balloons, décor and party supplies, along with Staples same-day print and marketing services. “Staples has always been focused on making things easy for our customers, and our partnership with Party City takes that promise into new territory,” says Marshall Warkentin, president of Staples U.S. Retail. The Party City stores within a store offer a range of latex and foil helium balloons in a variety of colors, sizes and designs. In the coming weeks, shoppers will also be able to schedule balloon pickups in advance through the Staples website and app. In addition, customers can shop for party décor, tableware, gift bags, costume accessories and favors, while also creating personalized invitations, banners, yard signs and posters through Staples print services. Party City Holdco Inc. (PCHI) first filed for Chapter 11 bankruptcy protection in January 2023 and announced in December 2024 that it would be liquidating and…

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JLL Arranges $15.1M Acquisition Loan for Industrial Portfolio in Avon, Massachusetts

Taylor Williams — Wed, 22 Apr 2026 13:25:56 +0000

AVON, MASS. — JLL has arranged a $15.1 million acquisition loan for a portfolio of two industrial buildings totaling 129,380 square feet in Avon, located south of Boston. The buildings at 20 and 40 Ledin Drive are situated on a combined 6.6 acres within Avon Industrial Park and feature clear heights of 17 and 32 feet. At the time of sale, both buildings were fully leased to Waste Management. Amy Lousararian and Anthony Nakhle of JLL arranged the five-year, fixed-rate loan through M&T Bank on behalf of the borrower, Vigilant Real Estate Holdings.

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Linear Retail Acquires 11,330 SF Retail Property in Needham, Massachusetts

Taylor Williams — Mon, 20 Apr 2026 14:05:07 +0000

NEEDHAM, MASS. — Local owner-operator Linear Retail Properties has acquired an 11,330-square-foot property in Needham, a southwestern suburb of Boston. Needham Center Shoppes is a single-story store block that was fully leased at the time of sale. Tenants include Needham Center Fine Wines, Citizen’s Bank, Gari’s Japanese Fusion Bistro, Bagel’s Best, Kumon and Beauty Muse. The seller was a local family. The sales price was $7 million.

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Arrowpoint Properties Sells 51-Unit Apartment Building in Lowell, Massachusetts

Taylor Williams — Fri, 17 Apr 2026 13:00:00 +0000

LOWELL, MASS. — Regional owner-operator Arrowhead Properties has sold a 51-unit apartment building in the northern Boston suburb of Lowell. Wood Crest Apartments consists of two studios, 20 one-bedroom units and 29 two-bedroom residences that were fully occupied at the time of sale. Arrowpoint, which acquired the asset in late 2020 and implemented capital improvements, sold the building as part of a 1031 exchange. The buyer and sales price were not disclosed.

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National Development Receives Approval for 950,000 SF Industrial Conversion Project in Hudson, Massachusetts

Taylor Williams — Wed, 15 Apr 2026 13:40:14 +0000

HUDSON, MASS. — Local owner-operator National Development has received approval from the Town of Hudson, located west of Boston, for a 950,000-square-foot industrial conversion project. The 148-acre site at 75 Reed Road, which is located less than two miles from I-495 with direct access to the I-290 interchange, formerly housed the campus of chipmaker Intel. National Development acquired the property, which can support advanced manufacturing as well as warehouse and logistics uses, in late 2023. Construction is expected to commence upon National Development’s securing of an occupant.

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