Massachusetts Archives - REBusinessOnline

Equus Capital Partners Acquires 300,075 SF Industrial Development in Shrewsbury, Massachusetts

Taylor Williams — Fri, 09 Oct 2026 16:21:10 +0000

SHREWSBURY, MASS. — Philadelphia-based investment firm Equus Capital Partners has acquired Centech Park North, a 300,075-square-foot industrial development in Shrewsbury, located just outside of Worcester. Developed by NorthBridge Partners and completed in 2023, Centech Park North comprises two buildings totaling 195,975 and 103,500 square feet. The buildings feature clear heights of 36 feet and a combined 64 dock-high doors and four drive-in doors. The park was fully leased at the time of sale to tenants in industries such as life sciences, advanced manufacturing and commercial services. The sales price was not disclosed.

The post Equus Capital Partners Acquires 300,075 SF Industrial Development in Shrewsbury, Massachusetts appeared first on REBusinessOnline.

BRUNT Workwear Signs 56,000 SF Lease at Mixed-Use Property in Wilmington, Massachusetts

Taylor Williams — Thu, 08 Oct 2026 14:29:18 +0000

WILMINGTON, MASS. — BRUNT Workwear has signed a 56,000-square-foot lease in the northern Boston suburb of Wilmington. The space is located within the property at 299- 301 Ballardvale St., which can support industrial, office and life sciences uses, and will serve as the apparel retailer’s new headquarters. Brian McKenzie and Christian Vallis of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital, in the lease negotiations. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant.

The post BRUNT Workwear Signs 56,000 SF Lease at Mixed-Use Property in Wilmington, Massachusetts appeared first on REBusinessOnline.

Galvanize Real Estate Acquires 360,000 SF Industrial Portfolio in Boston

Taylor Williams — Wed, 07 Oct 2026 14:24:26 +0000

BOSTON — Galvanize Real Estate, the sustainable real estate arm of global asset manager Galvanize, has acquired a portfolio of three industrial buildings totaling 360,000 square feet in Boston. Known as the Liberty Logistics Portfolio, the buildings are located in the Metro West and Metro South submarkets. Specific addresses were not disclosed. Galvanize plans to retrofit the buildings with various sustainability features to reduce the portfolio’s total carbon emissions by 104 percent. The seller and sales price were not disclosed.

The post Galvanize Real Estate Acquires 360,000 SF Industrial Portfolio in Boston appeared first on REBusinessOnline.

Related Cos. Underway on $38M Renovation of Affordable Housing Community in Salem, Massachusetts

Taylor Williams — Tue, 06 Oct 2026 13:38:50 +0000

SALEM, MASS. — Related Cos. is underway on the $38 million renovation of Loring Towers, a 250-unit affordable housing community located north of Boston in Salem that was built in 1974. Interior upgrades will cover floors, kitchen appliances and countertops and bathroom tubs, sinks and vanities. Related will also upgrade the lobby, community room and management office, repave the parking lot and add a carport structure. Lastly, ownership will replace the building’s roof and plumbing systems, enhance the security and HVAC systems, update the windows and elevators and install a basketball court and a new children’s playground. The renovations, which are expected to be complete in 2028, serve to preserve the property’s affordability status through 2056.

Northmarq Provides $22.8M Agency Acquisition Loan for Metro Boston Affordable Housing Complex

Taylor Williams — Tue, 06 Oct 2026 13:25:27 +0000

LAWRENCE, MASS. — Northmarq has provided a $22.8 million Fannie Mae acquisition loan for Elora Flats & Townhomes, a 104-unit affordable housing complex in Lawrence, a northern suburb of Boston. Built in 2009, Elora Flats & Townhomes comprises six four-story buildings with 48 one-bedroom units, 23 two-bedroom residences and 33 three-bedroom apartments. All units are reserved for households earning 80 percent or less of the area median income. Kevin Sykes, Ed Riekstins and Jeffrey Munoz of Northmarq originated the loan through Fannie Mae’s Delegated Underwriting Service (DUS) program on behalf of the borrower, Arrowpoint Properties.

The post Northmarq Provides $22.8M Agency Acquisition Loan for Metro Boston Affordable Housing Complex appeared first on REBusinessOnline.

Driftwood Capital, MRC Fund Refinancing of Boston Residential Hotel

Taylor Williams — Fri, 02 Oct 2026 14:59:33 +0000

BOSTON — Miami-based Driftwood Capital and New York City-based Madison Realty Capital (MRC) have funded the refinancing of a 147-unit residential hotel in Boston’s Back Bay neighborhood. The amount(s) was not disclosed. The Raffles Boston Hotel & Residences opened in fall 2023 and offers a mix of residential-style guestrooms and suites. Guests have access to a wellness center with a pool, spa and fitness center, as well as three onsite restaurants and bars and butler service. The borrower is London-based investment firm Cain.

The post Driftwood Capital, MRC Fund Refinancing of Boston Residential Hotel appeared first on REBusinessOnline.

Atlantic Capital Partners Negotiates $10.2M Sale of Shopping Center in Springfield, Massachusetts

Taylor Williams — Wed, 30 Sep 2026 13:45:15 +0000

SPRINGFIELD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated a $10.2 million sale of Boston Commons Plaza, a 103,494-square-foot shopping center in the Western Massachusetts city of Springfield. Boston Commons Plaza was 98 percent leased to six tenants at the time of sale, with Kohl’s serving as the anchor. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP brokered the deal. The buyer and seller were not disclosed.

The post Atlantic Capital Partners Negotiates $10.2M Sale of Shopping Center in Springfield, Massachusetts appeared first on REBusinessOnline.

Berkeley Garbe Underway on 150,000 SF Life Sciences Project in Billerica, Massachusetts

Taylor Williams — Fri, 25 Sep 2026 14:32:17 +0000

BILLERICA, MASS. —Berkeley Garbe, a Boston-based developer that is a joint venture between Berkeley Investments and German real estate company GARBE, is underway on construction of a 150,000-square-foot life sciences project in Billerica, located northwest of the state capital. The site spans 23 acres at 161 Concord Road, and the new building will support manufacturers in industries such as aerospace, robotics, medical devices, semiconductors, computer hardware and battery technologies. Building features will include a clear height of 28 feet and 264 car parking spaces. Avison Young is the leasing agent for the project. Construction began in June and is expected to be complete next spring, and Berkeley Garbe has since received an additional $35.4 million in financing for the project from MetLife Investment Management. Andrew Kaeyer led a capital markets team at Hunneman that arranged the debt of behalf of the developer.

The post Berkeley Garbe Underway on 150,000 SF Life Sciences Project in Billerica, Massachusetts appeared first on REBusinessOnline.

TCB, BHA Complete 223-Unit Multifamily Redevelopment Project in Boston

Taylor Williams — Wed, 23 Sep 2026 13:43:12 +0000

BOSTON — The Community Builders (TCB) and the Boston Housing Authority (BHA) have completed a 223-unit multifamily redevelopment project in the state capital’s Jackson Square neighborhood. The project represents Phase I of the redevelopment of the Mildred C. Hailey Apartments and replaced 253 existing units with two six-story buildings that house 223 units. Specific income restrictions were not disclosed, but the residences comprise 91 “deeply affordable” units and 132 units of “affordable and moderate income housing.” The first phase of the redevelopment also featured the construction of a new, 6,800-square-foot community center named in honor of Anna Mae Cole, a transformational tenant leader, as well as 1,520 square feet of commercial space.

The post TCB, BHA Complete 223-Unit Multifamily Redevelopment Project in Boston appeared first on REBusinessOnline.

TCB Breaks Ground on 65-Unit Mixed-Income Housing Project in Provincetown, Massachusetts

Taylor Williams — Mon, 21 Sep 2026 13:13:03 +0000

PROVINCETOWN, MASS. — Nonprofit developer The Community Builders (TCB) has broken ground on Province Post, a 65-unit mixed-income housing project that will be located in Provincetown, situated at the tip of Cape Cod. The building’s affordable housing component will be for renters earning from 80 percent to below 30 percent of the area median income. Units will come in studio, one-, two- and three-bedroom floor plans. A tentative completion date was not announced.

The post TCB Breaks Ground on 65-Unit Mixed-Income Housing Project in Provincetown, Massachusetts appeared first on REBusinessOnline.

ABG Commercial Negotiates $8M Sale of Industrial Building in Medford, Massachusetts

Taylor Williams — Mon, 21 Sep 2026 13:08:43 +0000

MEDFORD, MASS. — Locally based brokerage firm ABG Commercial Realty has negotiated the $8 million sale of a 28,600-square-foot industrial building in Medford, a northern suburb of Boston. The building at 118 Mystic Ave. was fully leased to Verizon at the time of sale. Bernard Gibbons of ABG Commercial represented the buyer, Empire Management, in the transaction. The seller was local development and investment firm Marcus Partners.

The post ABG Commercial Negotiates $8M Sale of Industrial Building in Medford, Massachusetts appeared first on REBusinessOnline.

AdvanCell Signs 128,000 SF Life Sciences Lease in Andover, Massachusetts

Taylor Williams — Thu, 17 Sep 2026 14:33:00 +0000

ANDOVER, MASS. — AdvanCell has signed a 128,000-square-foot life sciences lease in the northern Boston suburb of Andover. The clinical-stage radiopharmaceutical company will occupy the entirety of the building at 1 Corporate Drive, which is located within Innovation Park, a 340,000-square-foot development. The deal brings Phase II of Innovation Park, which is owned by life sciences REIT IQHQ, to full occupancy. Information on third-party brokers who were involved in the lease negotiations was not disclosed.

The post AdvanCell Signs 128,000 SF Life Sciences Lease in Andover, Massachusetts appeared first on REBusinessOnline.

Kadima Industrial Partners Buys 62,500 SF Building in Woburn, Massachusetts

Taylor Williams — Tue, 15 Sep 2026 14:42:42 +0000

WOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths. Tommy Hovey, David Coffman and Michael Restivo of JLL represented the undisclosed seller in the transaction. Ryan Parker, also with JLL, arranged acquisition financing for the deal through Webster 5 Cent Savings Bank. The building was leased to eight tenants at the time of sale.

The post Kadima Industrial Partners Buys 62,500 SF Building in Woburn, Massachusetts appeared first on REBusinessOnline.

Affinity Group Food Service Signs 13,000 SF Office Lease in Bedford, Massachusetts

Taylor Williams — Tue, 15 Sep 2026 14:33:19 +0000

BEDFORD, MASS. — Affinity Group Food Service NE has signed a 13,000-square-foot office lease in Bedford, a northwestern suburb of Boston. The food-and-beverage sales and marketing company will relocate its headquarters this fall from Lawrence to Bedford Woods, a two-building, 330,000-square-foot complex that was developed in 2001. Cummings Properties owns Bedford Woods.

The post Affinity Group Food Service Signs 13,000 SF Office Lease in Bedford, Massachusetts appeared first on REBusinessOnline.

Colliers Arranges $44.5M Construction Loan for Multifamily Project in Norwood, Massachusetts

Taylor Williams — Thu, 10 Sep 2026 13:26:49 +0000

NORWOOD, MASS. — Colliers has arranged a $44.5 million construction loan for a 145-unit multifamily project in Norwood, located southwest of Boston. The site is located at 259 Lenox St., and the new five-story building will offer studio, one- and two-bedroom units, 20 percent of which will be earmarked as affordable housing. Amenities will include an outdoor pool, fitness center, golf simulator, coworking spaces and grilling and dining stations. Patrick Boyle, Matt Lombardi Jr. and Rose Liu of Colliers arranged the loan through Beacon Bank on behalf of the developer, Tremont Asset Management.

The post Colliers Arranges $44.5M Construction Loan for Multifamily Project in Norwood, Massachusetts appeared first on REBusinessOnline.

ICP Acquires 680,000 SF Industrial Campus in Shrewsbury, Massachusetts

Taylor Williams — Wed, 09 Sep 2026 14:42:45 +0000

SHREWSBURY, MASS. — Industrial Commercial Properties (ICP) has acquired a 680,000-square-foot industrial campus in Shrewsbury, located in Worcester County. The development at 65 Chestnut St. consists of two buildings that were built in the 1980s. According to LoopNet Inc., the buildings feature clear heights of roughly 21.5 to 28.5 feet. In addition, the campus has the electrical capacity to support up to 15 megawatts of power. ICP plans to reposition the campus to support manufacturing usage and has already received zoning approval for that initiative. The seller and sales price were not disclosed.

The post ICP Acquires 680,000 SF Industrial Campus in Shrewsbury, Massachusetts appeared first on REBusinessOnline.

American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

Matthew Auchincloss — Thu, 03 Sep 2026 12:00:00 +0000

IRVINE, CALIF. — American Healthcare REIT Inc. (NYSE: AHR) has acquired eight senior housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction. While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor. “This series of transactions is an example of disciplined capital allocation supported by strong execution,” says Jeff Hanson, chairman and CEO of AHR. “We understood that only a solution for all 10 communities would clear the market. Rather than either walking away from a highly strategic opportunity or compromising our capital allocation discipline to secure it, we constructed a solution that required neither.” The purchase gives the Irvine-based company a larger presence in the Northeastern seniors housing market. The Northeast properties in the portfolio are located primarily in wealthy suburban markets such as Philadelphia’s Main Line, Westport, Conn., and suburban Boston. AHR is strengthening this newfound foothold via a new operating relationship with Massachusetts-based LCB…

The post American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M appeared first on REBusinessOnline.

JLL Arranges $39M Loan for Refinancing of Active Adult Complex in Worcester, Massachusetts

Taylor Williams — Fri, 28 Aug 2026 14:30:00 +0000

WORCESTER, MASS. — JLL has arranged a $39 million bridge loan for the refinancing of The Arbella at Bramble Hill, a 123-unit active adult complex in the central Massachusetts city of Worcester. The newly built, 17.3-acre complex offers 57 one-bedroom and 66 two-bedroom apartments with an average size of 1,049 square feet that are housed across three buildings, as well as an 8,500-square-foot clubhouse. Amenities include a fitness center, wellness spa and salon, indoor pool, bistro, great room, multimedia theater, golf simulator and outdoor grilling and dining stations. Residents also have access to onsite pickleball and bocce courts, a community garden and a dog park. Henry Schaffer and Madeline Joyce of JLL arranged the loan through Eastern Bank on behalf of the owner, The United Group of Cos.

The post JLL Arranges $39M Loan for Refinancing of Active Adult Complex in Worcester, Massachusetts appeared first on REBusinessOnline.

Frontrunner Bus Group Signs 88,000 SF Industrial Lease in Billerica, Massachusetts

Taylor Williams — Fri, 28 Aug 2026 13:43:59 +0000

BILLERICA, MASS. — Frontrunner Bus Group has signed an 88,000-square-foot industrial lease in Billerica, a northern suburb of Boston. The provider of bussing services plans to relocate its headquarters to the 136,421-square-foot building at 23 Esquire Road, which includes 20,000 square feet of office space. Newmark represented the tenant in the lease negotiations. Dan Driscoll, Greg Klemmer, Tim Brodigan, Anne Coe and Will Torrence of Colliers represented the landlord, a partnership between two local real estate companies, Marcus Partners and Rhino Capital Advisors.

The post Frontrunner Bus Group Signs 88,000 SF Industrial Lease in Billerica, Massachusetts appeared first on REBusinessOnline.

Atlantic Capital Partners Negotiates $8M Sale of Shopping Center in Milford, Massachusetts

Taylor Williams — Mon, 24 Aug 2026 15:15:08 +0000

MILFORD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $8 million sale of Milford Square, a 50,326-square-foot shopping center located about 40 miles southwest of Boston. The neighborhood center is home to a mix of service-oriented and necessity-based tenants, including the Massachusetts Registry of Motor Vehicles. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP represented the undisclosed seller in the transaction. The buyer was also not disclosed.

The post Atlantic Capital Partners Negotiates $8M Sale of Shopping Center in Milford, Massachusetts appeared first on REBusinessOnline.