Massachusetts Archives - REBusinessOnline

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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MassDevelopment Provides $27.7M in Bond Financing for Charter School Expansion in Metro Boston

Taylor Williams — Thu, 19 Mar 2026 13:45:00 +0000

PEABODY AND DANVERS, MASS. — MassDevelopment has provided $27.7 million in tax-exempt bond financing for the metro Boston expansion of the Pioneer Charter School of Science. The school used the bond proceeds to purchase adjoining lots in Peabody and Danvers, both of which are located northeast of the state capital, and is now constructing a 53,217-square-foot facility for students in grades kindergarten through eighth. The new facility will have six special education and English Language Learning classrooms, 14 offices, labs, art and music rooms, a gym and a cafeteria. Construction is slated for an August completion. Salem Five purchased the bond.

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Northmarq Negotiates Sale of 66,682 SF Grocery Store in Worcester, Massachusetts

Taylor Williams — Wed, 18 Mar 2026 13:43:47 +0000

WORCESTER, MASS. — Northmarq has negotiated the sale of a 66,682-square-foot grocery store in the Central Massachusetts city of Worcester. The Worcester Business Journal reports that the sales price was $31 million and that the buyer was an affiliate of Fidelity Investments. Regional grocer Shaw’s has occupied the space at 14 W. Boylston St. since 2004. Josh Dicker and Zach Pool led the Northmarq team that brokered the deal. According to Northmarq, the deal marked the largest single-tenant grocery sale in Massachusetts in 2025.

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Hunneman Negotiates 42,060 SF Lease at Flex Building in Wilmington, Massachusetts

Taylor Williams — Tue, 17 Mar 2026 13:42:55 +0000

WILMINGTON, MASS. — Regional brokerage firm Hunneman has negotiated a 42,060-square-foot lease at a flex building in the northern Boston suburb of Wilmington. The tenant is Goddard Technologies, a developer of medical devices and robotics, and the space is located within the 123,000-square-foot building at 205 Lowell Street, which can support both office and lab uses. Chris Curley, Mike Allen and Ken Oppenheim of Hunneman, along with internal agent James McManus, represented the landlord, Howland Development, in the lease negotiations.

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Nortiva Bio Signs 22,881 SF Life Sciences Lease Renewal in Lexington, Massachusetts

Taylor Williams — Tue, 17 Mar 2026 13:29:21 +0000

LEXINGTON, MASS. — Nortiva Bio has signed a 22,881-square-foot life sciences lease renewal in Lexington, located northwest of Boston. The biopharmaceutical company’s space is located on the third floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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Convatec Signs 24,572 SF Life Sciences Lease Expansion, Extension in Lexington, Massachusetts

Taylor Williams — Mon, 16 Mar 2026 14:08:28 +0000

LEXINGTON, MASS. — Convatec has signed a life sciences lease expansion and extension in Lexington, located northwest of Boston. The medical products and technology company now occupies 24,572 square feet on the second floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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Gillette to Invest Nearly $1B for New Headquarters in South Boston

Kristin Harlow — Wed, 11 Mar 2026 12:00:00 +0000

BOSTON — Shaving products company P&G Gillette has unveiled plans to purchase 232 A Street in South Boston as the future home of its nearly $1 billion Grooming Headquarters and Technical Innovation Center. The company is also expanding its Andover, Mass., manufacturing facility and redeveloping its 31-acre South Boston campus. The new headquarters announcement marks the single-largest investment made by Gillette in Boston, according to the company. The site is currently owned by Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital. It is permitted for a 324,315-square-foot research-and-development facility with ground-floor retail space. Jonathan Varholak of CBRE led the brokerage team that facilitated the land sale. Gillette says the purchase of the site unlocks multiple project benefits agreed to when the site was permitted by Breakthrough Properties in 2024. Once complete, the project will contribute 1.5 acres of publicly accessible open space along the Fort Point Channel, including new sidewalks, bike lanes, a waterfront park and improvements to the South Boston Harborwalk. The parcel also includes monetary allocations for public art and shuttle services. “This new development will keep hundreds of high-tech research-and-development jobs in the city and serves as a testament to the strength of our…

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EverybodyFights to Open 28,000 SF Gym at Hood Park in Charlestown, Massachusetts

Taylor Williams — Tue, 10 Mar 2026 13:28:03 +0000

CHARLESTOWN, MASS. — EverybodyFights will open a 28,000-square-foot gym in Charlestown, located north of Boston, that will be the fitness concept’s third in the state capital area. The space is located within Hood Park, a 20-acre mixed-use redevelopment of the former H.P. Hood & Sons dairy production facility. The gym will feature an infrared sauna, cold plunge tub, Normatec recovery tools, onsite physical therapy services and a dedicated member lounge. The opening is scheduled for December.

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Premier Fence Acquires 25.8-Acre Industrial Facility in Middleborough, Massachusetts

Taylor Williams — Thu, 05 Mar 2026 14:06:29 +0000

MIDDLEBOROUGH, MASS. — Premier Fence, a provider of fencing and outdoor home goods, has acquired a 25.8-acre industrial facility in Middleborough, located south of Boston. The property at 370 Wareham St. features four approximately 20,000-square-foot buildings. Two buildings will house uses such as manufacturing, warehousing of raw materials, storage of finished goods and office, showroom and employee training space. Premier Fence will market the other two buildings for lease. The company expects to open its new facility this spring. MassDevelopment provided $11.7 million in bond financing, some of which is tax-exempt, for the purchase and build-out of the facility. Cambridge Savings Bank purchased the bond.

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Cummings Buys 330,000 SF Vacant Office, Life Sciences Complex in Bedford, Massachusetts

Taylor Williams — Thu, 05 Mar 2026 14:03:05 +0000

BEDFORD, MASS. — Locally based investment firm Cummings Properties has purchased a 330,000-square-foot vacant office and life sciences facility in Bedford, located northwest of Boston. Developed in 2001 and known as Bedford Woods, the two-building facility sits on a 56-acre site at 174-176 Middlesex Turnpike; 35 of those acres remain undeveloped. Cummings acquired the property, which last sold for more than $93 million in 2012 to Texas-based Orion REIT LP, via auction.

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WinnCos. Completes $55.3M Affordable Seniors Housing Redevelopment in Holyoke, Massachusetts

Taylor Williams — Wed, 04 Mar 2026 15:08:23 +0000

HOLYOKE, MASS. — WinnCos. has completed a $55.3 million seniors housing redevelopment in the western Massachusetts city of Holyoke. Residences at Appleton is an adaptive reuse of a former alpaca mill complex that has been vacant since the 1970s into an affordable housing complex for residents age 55 and older. Of the property’s 88 units, 12 are reserved for seniors earning 30 percent or less of the area median income (AMI); 63 are earmarked for renters earning 60 percent of AMI; and 13 are set aside for those earning 80 percent or less of AMI. The unit mix comprises four studios, 75 one-bedroom residences and nine two-bedroom units. Amenities include a fitness center, resident lounge and an outdoor recreation area. Keith Construction served as the general contractor for the project, which was designed by The Architectural Team. VHB provided civil engineering and permitting services. Local nonprofit OneHolyoke provided gap financing for the project, and Bank of America served as the construction lender and the investor in the project’s state and federal low-income housing tax credits. MassHousing also provided tax-exempt bond financing for the development.

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HVPG Buys Two Affordable Housing Properties in Boston, Plans Renovation

Taylor Williams — Tue, 03 Mar 2026 14:36:35 +0000

BOSTON — Hudson Valley Property Group (HVPG), a New York-based affordable housing owner-operator, has purchased Boston Bay and Hope Bay, two adjacent properties totaling 133 units in the Dorchester area of Boston. The properties comprise 20 buildings that were constructed between 1890 and 1920. HVPG plans to invest about $6.4 million ($48,000 per unit) in renovations to both properties, including upgrades to kitchen and bathroom fixtures and appliances, as well as common area enhancements and upgraded security and lighting features. Capital improvements will ensure long-term affordability of both assets.

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Newmark Negotiates 47,500 SF Industrial Lease in Bedford, Massachusetts

Taylor Williams — Thu, 26 Feb 2026 13:24:24 +0000

BEDFORD, MASS. — Newmark has negotiated a 47,500-square-foot industrial lease in Bedford, located northwest of Boston. The tenant is sustainable energy company Fourth Power, and the space is located within a newly built, 147,000-square-foot advanced manufacturing facility. Torin Taylor, Rich Ruggiero, Matt Adams, Tyler McGrail and Rory Walsh of Newmark represented the landlord, a partnership between Camber Development and Wheelock Street Capital, in the lease negotiations. Rob Glor and Michael Goodwin of Rise73 represented the tenant.

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