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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, which is expected to be complete next spring.

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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.

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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.

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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.

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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.

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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.

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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.

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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 the $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.

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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.

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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…

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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.

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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.

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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.

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Oxford Properties Group Acquires 18-Story Office Tower in Boston for $435M

Hayden Spiess — Thu, 20 Aug 2026 11:36:00 +0000

BOSTON — Oxford Properties Group has completed the acquisition of One Marina Park Drive, a Class A office tower located in the Seaport District of Boston. Oxford purchased the property from New York City-based Clarion Partners for $435 million. Clarion Partners reportedly acquired the tower in December 2019 for $482 million. Coleman Benedict, Riaz Cassum, Scott Carpenter, Patrick Shields, Chris Barry and David Mega of JLL represented the seller in the transaction. Situated within the Fan Pier waterfront mixed-used development, One Marina Park Drive totals approximately 500,000 square feet across 18 stories. The LEED Gold-certified property was 99 percent leased at the time of sale to tenants in the venture capital, legal and financial services sectors. Boston Business Journal reports the office tower’s tenant roster includes MassMutual, Fish & Richardson, Gunderson Dettmer, Battery Ventures and The Fallon Co., which originally developed One Marina Park Drive in 2010 According to the company, this marks Oxford’s first acquisition of a stabilized core office asset in the United States in almost a decade. The company’s Class A office holdings in Boston now totals 3.2 million square feet. Since the beginning of 2025, the Toronto-based firm has deployed roughly $2 billion into the office sector globally. This…

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Trader Joe’s to Open New Grocery Store in Reading, Massachusetts

Taylor Williams — Mon, 17 Aug 2026 14:18:57 +0000

READING, MASS. — Trader Joe’s will open a new grocery store in Reading, a northern suburb of Boston, later this year. The square footage was not disclosed. The store will be located within The Crossing at Walkers Brook, a 480,000-square-foot shopping center that is also home to Jordan’s Furniture, Home Depot, Golf Galaxy, The Paper Store and Starbucks. Chris Mearn of District Real Estate Advisors represented Trader Joe’s in the lease negotiations. Regional owner-operator Wilder Cos. owns The Crossing at Walkers Brook.

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Millennium Partners Receives $281M in PACE Financing for Residential Component of Downtown Boston Mixed-Use Tower

Taylor Williams — Mon, 17 Aug 2026 11:55:00 +0000

BOSTON — National developer Millennium Partners has received $281 million in Property Assessed Clean Energy (PACE) financing for the residential component of Winthrop Center, a 62-story mixed-use tower in downtown Boston. Nuveen Green Capital provided the financing, which will be administered under the PACE Massachusetts program by MassDevelopment, the Commonwealth’s development finance agency and land bank. Located at 115 Federal St. in downtown Boston, Winthrop Center comprises 317 luxury condominium residences that are known as The Millennium Residences at Winthrop Center, as well as approximately 800,000 square feet of office space and a multi-level public gathering space known as The Connector. Winthrop Center, which was first capitalized in fall 2020, carries LEED Platinum and WELL Gold certifications. The financing allows Millennium Partners to build on these sustainability investments and reinforces Winthrop Center’s position as an environmentally advanced mixed-use development, according to the team that worked on the deal. Riaz Cassum, Andrew Gray, Robyn King and David Mega of JLL arranged the 20-year, C-PACE loan on behalf of the borrower. “MassDevelopment is excited to see The Millennium Residences at Winthrop Center recapitalized through PACE Massachusetts, representing the largest commercial PACE financing in the region to date,” says Navjeet Bal, president and…

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Greystar Breaks Ground on 390-Unit Multifamily Project in Taunton, Massachusetts

Taylor Williams — Thu, 13 Aug 2026 14:11:23 +0000

TAUNTON, MASS. — Greystar has broken ground on Whittenton Mills, a 390-unit multifamily project in Taunton, located south of Boston. The project, which will feature modular construction, is a redevelopment of a former 19th-century mill complex that has long been vacant and was demolished earlier this year. The property will consist of 10 buildings that will house one-, two- and three-bedroom units. Amenities will include a clubhouse, pool, dog park, putting green, bocce ball court and a playground, as well as 1.5 acres of public green space. The first units are expected to be available for occupancy by next spring.

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Simon Welcomes Two New Tenants to Cape Cod Mall in Hyannis, Massachusetts

Taylor Williams — Thu, 13 Aug 2026 13:55:00 +0000

HYANNIS, MASS. — Simon Property Group has welcomed two new tenants to Cape Cod Mall in Hyannis. Aloha Mini Golf, which provides a glow-in-the-dark mini golf experience, and Exotic Snack Guys, which offers a curated mix of international snacks, trending treats, and viral favorites from around the world, are now both open. The stores are located across from Dick’s Sporting Goods and American Eagle, respectively.

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NEPCG Negotiates Sale of 66-Unit Apartment Building in Great Barrington, Massachusetts

Taylor Williams — Wed, 12 Aug 2026 14:20:44 +0000

GREAT BARRINGTON, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the sale of a 66-unit apartment building in Great Barrington, located in western Masschusetts. Beech Tree Apartments comprises eight buildings on a 4.5-acre site. Taylor Perun and Brad Balletto of NECPG, in conjunction with internal agents Daniel Scherban and Joseph Scherban, represented the seller, Rowin Capital, in the transaction and procured the buyer, The Alander Group.

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Onyx Partners Buys Historic Building in Metro Boston for New Headquarters

Taylor Williams — Tue, 11 Aug 2026 14:15:49 +0000

NEEDHAM, MASS. — Onyx Partners has purchased a historic building in Needham, a southwestern suburb of Boston, for its new headquarters. The regional investment and development firm will redevelop the former You-Do-It Electronics Center building at 40 Franklin St., which was completed in 1965 and closed in 2024. Plans call for a modernization of the building interior and exterior, the upgrading of utility and mechanical systems and the adding of new office finishes. A tentative completion date was not announced.

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