MAYNARD, MASS. — Tractor Supply Co. will open a 21,840-square-foot store in Maynard, about 25 miles west of Boston. Tractor Supply will be the first retailer to open at 17 Digital Way, the final building within Maynard Crossing, a mixed-use development that comprises 11 buildings across 56 acres. A tentative opening date was not disclosed. Locally based development and investment firm Capital Group Properties owns Maynard Crossing.
EVERETT, MASS. — Greystar has begun leasing Jade, a 325-unit apartment community in the eastern Boston suburb of Everett. Jade offers studio, one-, two- and three-bedroom units that are furnished with oversized windows, stackable washers and dryers, quartz countertops, built-in pantries and spa-like bathrooms. Amenities include a music room with recording equipment, a fitness center with a yoga studio, coworking pods and a conference room, pet spa, clubroom, two courtyards, a pool and outdoor grilling and dining stations. Rents start at $2,295 per month for a studio apartment.
ASHLAND, MASS. — JLL has brokered the $27.9 million sale of a 218,316-square-foot industrial property in Ashland, a western suburb of Boston. The property consists of two buildings on an 18-acre site that were fully leased at the time of sale to fire suppression systems manufacturer Kidde-Fenwal. Michael Restivo, Bob McGuire, Sam Crossan, David Coffman and Tommy Hovey of JLL represented the private seller in the transaction. The buyer was locally based investment firm Rhino Capital Advisors.
BOSTON — A partnership between local nonprofit organization Castle Square Tenants Organization (CSTO) and regional owner-operator WinnDevelopment has begun the $40 million repositioning of Eva White Apartments, a 102-unit affordable housing complex in Boston’s South End. The project will encompass upgrades to unit interiors and the creation of new amenity spaces, as well as energy system retrofits to the property’s two seven-story buildings. Specifically, each of the property’s 34 studios, 57 one-bedroom units and 11 two-bedroom units will be improved with modern kitchens, bathrooms and living room flooring. New health and wellness spaces and a new fitness room will be created for residents. The current common laundry room, community room and management office will also be renovated. Bank of America, MassHousing and Citizens Bank are financing construction, with BoA also serving as the federal Low-Income Housing Tax Credit investor. Completion is scheduled for 2026. Eva White Apartments originally opened in 1967 and serves seniors and people with disabilities. The Boston Housing Authority holds a 99-year ground lease on the complex, which protects the property’s long-term affordability status. CSTO became the 99 percent owner of the property in December after securing the financing for the project. This venture marks the organization’s …
CAMBRIDGE, MASS. — Marcus & Millichap has brokered the $6.6 million sale of Ellery Apartments, a 14-unit multifamily building in Cambridge, located across the Charles River from Boston. Originally constructed in 1880, the three-story building at 84-86 Ellery St. houses four studios and 10 one-bedroom units. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller, a private family, in the transaction and procured the buyer. Both parties requested anonymity.
CAMBRIDGE, MASS. — Fashion retailer Zara has opened a 44,000-square-foot store in CambridgeSide, an approximately 1 million-square-foot, mixed-use development located across the Charles River from Boston in Cambridge. The two-level store includes an online order pickup silo and an assisted self-checkout area. New England Development owns CambridgeSide, which originally opened as a regional mall in 1990 and recently launched a food hall.
NORWELL, MASS. — Regional investment firm Marcus Partners has purchased an approximately 100,000-square-foot industrial property in Norwell, about 25 miles southeast of Boston. Built in 1983, the property at 77 Accord Park Drive consists of four light industrial buildings that were 78 percent leased to 13 tenants at the time of sale. Marcus Partners purchased the property in partnership with Boston-based Rhino Capital, with Middlesex Savings Bank financing the acquisition. The seller was the original developer.
PLYMOUTH, MASS. — Boston-based investment firm The Mount Vernon Co. has purchased an 80-room historic hospitality property in Plymouth, located south of the state capital, with plans to implement a repositioning. Opened in 1969 and renovated in 2021, The John Carver Inn & Spa features a full-service spa, indoor pool, meeting and event space, fitness center, game room and onsite dining options. The repositioning will cover the property’s interiors, amenities, and the food-and-beverage program. Alan Suzuki and Matthew Enright of JLL represented the undisclosed seller in the transaction.
MALDEN, MASS. — CBRE has arranged the sale of Strata, a 295-unit apartment community located north of Boston in Malden. Built in 2000, Strata is a single-story building that houses studio, one-, two- and three-bedroom units with an average size of 892 square feet. Amenities include a pool, resident lounge, private work pods, a fitness center and expansive socialization areas. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler represented the seller, an affiliate of Oregon-based investment firm The Green Cities Co., in the transaction. CBRE also procured the buyer, an undisclosed institutional investment firm.
HOLLISTON, MASS. — Regional investment firm Marcus Partners has purchased two industrial buildings totaling 68,480 square feet in Holliston, about 30 miles southwest of Boston. Completed in 2013, the building at 275 Hopping Brook Road totals 20,480 square feet and was fully leased to four tenants at the time of sale. Built in 2005, the facility at 330 Hopping Brook Road totals 48,000 square feet and was also fully leased at the time of sale. Cambridge Savings Bank provided acquisition financing for the deal, the seller in which was the original developer.