Massachusetts

Colliers Facilitates $11.4M Sale of Residential Redevelopment Property in Boston

by Amy Works August 16, 2017

BOSTON — Colliers International has arranged the sale of a residential redevelopment property located at 27-29 Isabella St. in Boston’s Bay Village neighborhood. Marist Fathers sold the property New Boston Ventures for $11.4 million. The buyer plans to redevelop the property into nine high-end residential condominiums. Chris Sower, Scott Dragos and Tom Hynes of Colliers represented the seller, while Harry Collings of New Boston Ventures provided in-house representation for the buyer in the deal. Stephen Horan and Patrick Boyle, also of Colliers, procured acquisition and construction financing from Hingham Institution for Savings for the buyer.

August 16, 2017

Massachusetts Multifamily Northeast Top Stories

BHA Selects WinnCompanies for $1.6B Redevelopment of Public Housing Property in Boston

by Taylor Williams August 14, 2017

BOSTON — The Boston Housing Authority (BHA) has selected WinnCompanies, a Boston-based developer of mixed-income multifamily properties, to deliver a $1.6 billion redevelopment of the Mary Ellen McCormack public housing development in South Boston. The redevelopment project will demolish the 27 three-story buildings that comprise the property. It will replace all of the existing 1,016 units with a combination of workforce housing for middle-income residents, as well as market-rate apartments and condominiums. The total number of units will remain the same. The BHA intends for the project to leverage the 27-acre property’s market value to avoid displacement of and preserve affordability for the city’s low-income residents. It also aims to ensure that the property will remain operational in the long run. “It is important that we think outside the box to preserve our existing affordable housing and develop new housing to meet the future needs of all our city’s residents,” says Boston Mayor Martin Walsh. “This project has the potential to meet the housing needs of people from a broad spectrum of economic backgrounds.” Mary Ellen McCormack was built in the 1930s and is the first public housing project in New England. The redevelopment site will be located along Old …

August 14, 2017

Massachusetts Northeast Office

Kelleher & Sadowsky Negotiates Sale of 3,200 SF Office Property in Worcester, Massachusetts

by Amy Works August 9, 2017

WORCESTER, MASS. — Kelleher & Sadowsky has arranged the sale of a 3,200-square-foot office space located at 31 Harvard St. in Worcester. Private investor Kenneth Davis acquired the property for an undisclosed price and plans to convert the property into office and residential space when vacated by the current tenant, Family Service Organization of Worcester. Will Kelleher and David Cohen of Kelleher & Sadowsky brokered the transaction. The name of the seller was not released.

August 9, 2017

Industrial Massachusetts Northeast

Kelleher & Sadowsky Brokers Sale of 40,754 SF Industrial Space in East Brookfield, Massachusetts

by Amy Works August 7, 2017

EAST BROOKFIELD, MASS. — Kelleher & Sadowsky has arranged the sale of an industrial space located at 545-555 E. Main St. in East Brookfield. The undisclosed buyer plans to convert the 40,754-square-foot former Howe Lumber facility into a micro-brewery under the Timberyard Brewing brand. Paul Matt of Kelleher & Sadowsky brokered the sale. The name of the seller and acquisition price were not released.

August 7, 2017

Massachusetts Northeast Retail

RD Management Signs Leases with HomeGoods, T.J.Maxx at Milford Crossing in Massachusetts

by Amy Works August 3, 2017

MILFORD, MASS. — RD Management has signed leases with HomeGoods and T.J.Maxx at Milford Crossing, a shopping center located at 120-129 Medway Road in Milford. HomeGoods will occupy 24,628 square feet and T.J.Maxx will occupy 21,863 square feet. Both stores are expected to open this fall. The 157,921-square-foot shopping center is currently being redeveloped and will be anchored by a Stop & Shop, which is slated to open in November. Additionally, the center features new 6,000-square-foot and 20,000-square-foot buildings. The 20,000-square-foot building will be occupied by Chipotle and Starbucks Coffee, which are scheduled to open in the first quarter of 2018.

August 3, 2017

Industrial Massachusetts Northeast

Jash USA Acquires 234,000 SF Industrial Facility in Orange, Massachusetts, for $1.6M

by Amy Works August 2, 2017

ORANGE, MASS. — Jash USA has purchased a heavy manufacturing facility located at 46 Mill St. in Orange from VAG USA for $1.6 million. Situated on 37.7 acres, the facility features 234,000 square feet of industrial space. Sentry Commercial and Newmark Knight Frank were the sole brokers in the transaction.

August 2, 2017

Industrial Massachusetts Northeast Office

Calare Properties Completes Sale of 40,000 SF Lab Space in Billerica, Massachusetts

by Amy Works August 1, 2017

BILLERICA, MASS. — Calare Properties has completed the sale of a laboratory space located at 749 Middlesex Road in Billerica. An undisclosed buyer purchased the property for $6.2 million. Calare Properties originally acquired the vacant 40,000-square-foot lab facility in 2013 for $3.3 million while concurrently leasing the entire property to RainDance Technologies, a biotechnology company.

August 1, 2017

Massachusetts Northeast Office

The Davis Cos. Executes Long-Term 208,686 SF Renewal with iRobot in Bedford, Massachusetts

by Amy Works August 1, 2017

BEDFORD, MASS. — The Davis Cos. (TDC) has executed a lease renewal with iRobot. The global consumer robot company has renewed its long-term lease for 208,686 square feet of space at The Xchange. TDC renovated the eight-building, 475,000-square-foot office park into a cutting-edge technology campus. Matt Daniels of JLL represented the landlord, while John Varholak and Ron Friedman of Transwestern Consulting Group represented the tenant in the transaction.

August 1, 2017

Massachusetts Mixed-Use Northeast Office Retail

CBRE/NE Brokers $30.1M Sale of Mixed-Use Building in Downtown Boston

by Amy Works July 31, 2017

BOSTON — CBRE/New England has arranged the sale of the leasehold interest of Boston’s Old City Hall, an 83,700-square-foot mixed-use building located at 45 School St. in downtown Boston. Synergy Investments acquired the property for $30.1 million. Constructed between 1862 and 1865, the building was renovated in 1970 by the seller, Architectural Heritage Foundation, after being vacated by the City of Boston in the mid-1960s. Dave Pergola and Brian Doherty of CBRE/NE represented the seller and procured the buyer in the deal.

July 31, 2017

Industrial Massachusetts Northeast

Colliers Facilitates $52.8M Sale of Industrial Park in Suburban Boston

by Amy Works July 27, 2017

BEVERLY AND DANVERS, MASS. — Colliers International has brokered the sale of a seven-building flex/industrial portfolio located in Beverly and Danvers, approximately 25 miles northeast of Boston. Brookwood Financial Partner sold the portfolio to R.J. Kelly Co. Inc. for $52.8 million. Scott Dragos, Doug Jacoby, Tony Hayes, Tim Mulhall and Dan Hines of Colliers represented the seller in the deal. Totaling more than 500,000 square feet, the portfolio is located at 24-42, 33, 35, 37, 54, 71 and 72 Cherry Hill Drive.

July 27, 2017

Newer Posts

Older Posts