Massachusetts Archives - REBusinessOnline

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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Greystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, Massachusetts

Taylor Williams — Fri, 10 Apr 2026 14:31:47 +0000

NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St. formerly housed an assisted living facility that has since been demolished, and the new apartment building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness center, library, lounge, package room with cold storage capabilities, a golf simulator, dog run, playground, community garden and two pocket parks. Completion is slated for fall 2027.

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Atlantic Capital Partners Arranges $10M Sale of Two Metro Boston Office Buildings

Taylor Williams — Thu, 09 Apr 2026 14:04:17 +0000

WILMINGTON, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $10 million sale of two office buildings totaling 61,888 square feet in Wilmington, a northern suburb of Boston. The buildings at 226 and 230 Lowell St. total 40,899 and 20,989 square feet, respectively, and can also support additional uses. 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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Partnership Receives $172M in Financing for Mixed-Income Housing Redevelopment in Metro Boston

Taylor Williams — Tue, 07 Apr 2026 14:27:37 +0000

CHARLESTOWN, MASS. — A partnership between Leggat McCall Properties, Joseph J. Corcoran Co. and the Boston Housing Authority has received $172 million in financing for a mixed-income housing redevelopment in Charlestown, located north of Boston. The financing consists of a $122 million construction loan from Los Angeles-based Cottonwood Group and a $50 million equity investment from the City of Boston’s Housing Accelerator Fund. The partnership will use the proceeds to fund the redevelopment of the 266-unit Building F of the Bunker Hill Housing Redevelopment, which rises nine stories and comprises 208 market-rate units and 58 affordable housing units. The project is part of a larger initiative that aims to redevelop the entire Bunker Hill public housing community over the next decade, creating a total of 2,699 units of housing through both repositioning of existing affordable housing units and the addition of market-rate homes.

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MassDevelopment Provides $38M in Bond Financing for Worcester Affordable Housing Project

Taylor Williams — Mon, 06 Apr 2026 13:41:02 +0000

WORCESTER, MASS. — MassDevelopment has provided $38 million in tax-exempt bond financing for an affordable housing project in Worcester. The project is a redevelopment of Lakeside Apartments, a two-building complex that was constructed in 1949. The developer, a partnership between an affiliate of Tremont Development Partners and E3 Development, plans to construct two new buildings with a total of 116 units, 61 of which will replace outdated residences. Of the 116 units, 29 will be rented to households earning 60 percent or less of the area median income (AMI), and the other 87 will be reserved for households at 30 percent or less of AMI. Construction is underway and is expected to be complete in August 2027. Eastern Bank purchased the bond, with participation from Webster Bank. The Worcester Housing Authority is also a partner on the project.

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Partnership Breaks Ground on 1,200-Bed Residence Hall at Northeastern University in Boston

Taylor Williams — Thu, 02 Apr 2026 14:09:25 +0000

BOSTON — A public-private partnership between American Campus Communities (ACC) and Northeastern University has broken ground on a 1,200-bed residence hall at 840 Columbus Ave. on the institution’s campus in Boston. The 23-story project will feature 11,000 square feet of publicly accessible community space, including a second-level outdoor deck and 4,000 square feet of ground-level retail space, as well as shared learning spaces and wellness amenities. Scheduled for completion in fall 2028, the project is being developed through ACC’s American Campus Equity program and is the largest on-campus equity development in the company’s history.

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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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