Massachusetts

Transwestern Arranges $28M in Refinancing for Five-Building Industrial Park in Boston

by Amy Works March 2, 2017

BOSTON — Transwestern has arranged $28 million in refinancing for Boston | Dedham Commerce Park, a five-building industrial park located at 63, 65, 67, 75-101 and 91 Sprague St. in Boston. Chris Skeffington and Andrew Stone of Transwestern arranged the financing through East Boston Savings Bank for the borrower, First Highland Management and Development Corp. The 654,050-square-foot park was 82 percent leased to more than 30 tenants, including RR Donnelly, Dancing Deer Baking Co. and Sky Zone Boston, at the time of financing.

March 2, 2017

Massachusetts Northeast Retail

Horvath & Tremblay Facilitates $9M Sale of Retail Property in Brockton, Massachusetts

by Amy Works March 1, 2017

BROCKTON, MASS. — Horvath & Tremblay has brokered the sale of a retail property located at 1267 Main St. in Brockton. An undisclosed buyer acquired the property for $9 million. CVS/pharmacy will occupy the newly constructed 12,900-square-foot building under a 25-year triple-net lease with five five-year extension options. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the undisclosed seller and procured the buyer in the deal.

March 1, 2017

Massachusetts Northeast Retail

Linear Retail Acquires Retail Property in Medford, Massachusetts, for $4.7M

by Amy Works February 23, 2017

MEDFORD, MASS. — Linear Retail has purchased a retail property, located at 85 High St. in Medford, from Case Real Estate Capital for $4.7 million. CVS/pharmacy occupies the 15,700-square-foot property, which was built in 1996. Geoffrey Millerd, Justin Smith, Paul Penman and Matthew Waisnor of NGKF Capital Markets represented the seller in the deal.

February 23, 2017

Industrial Massachusetts Northeast

The RAM Cos. Acquires Two Industrial Properties in Suburban Boston for $10.1M

by Amy Works February 22, 2017

BILLERICA AND MARLBOROUGH, MASS. — The RAM Cos. has acquired two industrial and flex buildings, located at 35 Dunham Road in Billerica and 734 Forest St. in Marlborough, for $10.1 million. The Billerica property offers 65,912 square feet of space and is located within Middlesex Corporate Park. Tark Inc., SciSafe and Microchips Biotech are tenants at the property. Situated within Cedar Hill Business Park, the Marlborough property features 54,884 square feet of industrial space. At the time of sale, the property was fully leased to a variety of tenants, including CeQur Corp., Sunrun, Chroma Systems Solutions and Commonwealth Financial Network. The name of the seller was not released.

February 22, 2017

Hospitality Massachusetts Northeast

HFF Negotiates Sale of 351-Room Courtyard Boston Logan Airport

by Amy Works February 21, 2017

BOSTON — Affiliates of Rockwood Capital have completed the disposition of Courtyard Boston Logan Airport, located at 225 William F. McClellan Highway in Boston. The 12-story hotel features 351 guest rooms, 2,257 square feet of function space, an indoor swimming pool, fitness room, business center, complimentary shuttle service and Brinkley’s Restaurant & Lounge. Daniel Peek, Denny Meikleham, KC Patel and Alan Suzuki of HFF represented the seller in the transaction. The name of the buyer and acquisition price were not released.

February 21, 2017

Industrial Massachusetts Northeast

Calare Properties Secures Full Ownership of 552,000 SF Industrial Property in Chicopee, Massachusetts

by Amy Works February 15, 2017

CHICOPEE, MASS. — Calare Properties has acquired full ownership of a two-building industrial property located at 425 Meadow St. in Chicopee. Calare secured full ownership of the asset through a recapitalization. Calare has managed and owned the property with a joint venture majority partner since 2014. Situated on 47 acres, the 552,000-square-foot asset comprises a 402,000-square-foot manufacturing facility and a 150,000-square-foot high-bay warehouse. Along with the acquisition, Calare has finalized two leases at the property. Callaway Golf Co. has signed a 10-year lease extension for the manufacturing facility through 2028, and Granite City Electric signed a long-term lease for 80,000 square feet of the warehouse space.

February 15, 2017

Massachusetts Northeast Retail

NGKF Capital Markets Facilitates Sale of Retail Property in Hingham, Massachusetts

by Amy Works February 13, 2017

HINGHAM, MASS. — NGKF Capital Markets has arranged the sale of Lincoln Plaza, a retail center located Hingham. Trustees of Curtlo LLC sold the property to an undisclosed buyer. A 68,087-square-foot Stop & Shop and a 31,882-square-foot Marshalls anchor the property, which also includes two freestanding retail pads occupied by 99 Restaurant and Rockland Trust. Geoffrey Millerd, Justin Smith, Paul Penman and Matthew Waisnor of NGKF Capital Markets represented the seller in the deal. The acquisition price was not released.

February 13, 2017

Industrial Massachusetts Northeast

R.W. Holmes Realty Arranges $4.6M Sale of Industrial Building in Medway, Massachusetts

by Amy Works February 13, 2017

MEDWAY, MASS. — R.W. Holmes Realty has brokered the sale of an industrial and warehouse building located at 7 Industrial Park Road in Medway. Industrial Park Realty acquired the building from Riverside Properties for $4.6 million. MicroGroup, a medical device component manufacturer, occupies the entire 77,253-square-foot building. John Eysenbach of R.W. Holmes represented the buyer and seller in the deal.

February 13, 2017

Loans Massachusetts Northeast Office

Colliers Arranges $40.4M in Financing for 120,000 SF Office Building in Waltham, Massachusetts

by Amy Works February 10, 2017

WALTHAM, MASS. — Colliers International has secured $40.4 million in permanent leasehold financing for 60 Tower Road, a 120,000-square-foot creative office property located at the 1265 Main project in Waltham. The borrower is a joint venture between 1265 Main Street LLC and a wholly owned subsidiary of Boston Properties LP. Jeff Black and Kevin Phelan of Colliers arranged the 15-year, fixed-rate loan with Sun Life Assurance Company of Canada for the borrower. The LEED Gold-certified building serves as the corporate U.S. headquarters of Clarks Americas, a subsidiary of C&J Clark International.

February 10, 2017

Industrial Massachusetts Northeast

The Stubblebine Co. Brokers $5.1M Sale of 227,422 SF Industrial Building in Leominster, Massachusetts

by Amy Works February 10, 2017

LEOMINSTER, MASS. — The Stubblebine Co./CORFAC International has arranged the sale of a 227,422-square-foot industrial building located at 175 Pioneer Drive in Leominister. Star Realty sold the property to F&M Plastics for $5.1 million. David Stubblebine and James Stubblebine of The Stubblebine Co./CORFAC represented the seller, while Andrew Sacher of AIS Development represented the buyer in the transaction.

February 10, 2017

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