BOSTON — O’Connell Hospitality Group is merging its Northeast hotel brokerage practice with HREC’s national hotel platform effective Sept. 8. With the merged companies, Jim O’Connell will be principal at HREC Investment Advisors, as well as HREC’s practice leader in the new Boston office. Combined the two firms will offer hotel investors expertise and contacts of approximately 40 dedicated lodging and gaming insiders across the North American hospitality industry.
BELLINGHAM, MASS. — CBRE/New England has arranged the sale of a warehouse and distribution facility located at 150 Depot St. in Bellingham. An institutional investor, advised by Bentall Kennedy LP, acquired the property from National DCP for $25.5 million. The 252,600-square-foot property features dry storage, freezer/cooler space, 30-foot clear heights and ESFR sprinklers throughout the warehouse portion of the building. Dave Pergola, Brian Doherty and Robert Gibson of CBRE/NE represented the seller and procured the buyer in the transaction.
BEDFORD, MASS. — Nordblom Co. has leased 21,000 square feet of office space to Augmenix Inc., a medical device company. The company will relocate its corporate headquarters from Waltham, Mass., to 201 Burlington Road in Bedford late this year. The privately held company focuses on the development and commercialization of radiation oncology and urology products using its proprietary hydrogel technology. The two-building, 135,000-square-foot property features an on-site café, bike storage, state-of-the-art fitness facility and shower/locker facilities.
NEWTON, MASS. — Transwestern has negotiated two leases totaling 36,854 square feet at Chapelbridge Park, an office park located in Newton. The new leases bring the 250,000-square-foot property to more than 95 percent occupancy. In the first transaction, Paytronix Systems Inc. expanded its corporate headquarters space from 12,383 to 33,283 square feet. Ted Lyons and Michael O’Leary of Cushman & Wakefield represented Paytronix in the lease. In the second deal, Ixxus Limited, a global provider of publishing solutions, signed a lease for 3,571 square feet of space for its U.S. headquarters. Warren Brown of Boston Commercial Properties represented the tenant, which is relocating from Washington Street in Newton. Ron Friedman, Rob Byrne, Chris Mullen and Perry Beal of Transwestern represented the landlord, Chapelbridge Associates, in the transactions.
SPRINGFIELD, MASS. — Albany Road Real Estate Partners and Davenport Cos. have arranged the lease of office space for the Massachusetts Registry of Motor Vehicles (RMV) within Springfield Plaza in Springfield. RMV will relocate from 165 Liberty St. in Springfield and launch a full-service branch at the 17,639-square-foot space. RMV plans to take occupancy at the 500,000-square-foot retail center in the fourth quarter. Davenport Advisors is the construction manager for the relocation and build-out for the new space. Additional tenants at the newly renovated center include Kmart, Stop & Shop, Planet Fitness, O’Reilly Auto Parts and Fallas Stores. CBRE/New England is the property manager for the retail center.
LITTLETON, MASS. — Colony Capital has completed the sale of Potpourri | Littleton, a newly completed industrial facility located in Littleton. Gramercy Property Trust acquired the built-to-suit, 450,000-square-foot facility for $39.7 million. The property is fully leased to Potpourri Group on a long-term basis and will serve as the company’s regional fulfillment center. Robert Griffin, Edward Maher and Matthew Pullen of NGKF Capital Markets represented the seller in the deal.
FOXBOROUGH, MASS. — Colliers International has brokered the sale of an office building located at 33 Commercial St. in Foxborough. An affiliate of Lexington Realty Trust sold the property for an undisclosed sum. Situated on approximately 18 acres, the property features 80,000 square feet of office space. Caleb Hudak, P.J. Foster and Steve Woelfel of Colliers handled the transaction. The name of the buyer was not released.
ANDOVER, MASS. — Enel Green Power North America (EGP-NA) has leased 66,000 square feet of space at Andover Landing at Brickstone in Andover for its new North American headquarters location. Located at 100 Brickstone Square, the facility features a renovated full-service cafeteria, flexible conference facilities, a coffee/juice bar, fitness center with yoga room, shower and locker facilities, a Bright Horizons Day Care facility, outdoor seating, on-site property management and ample parking. EGP-NA is an operator of more than 100 renewable energy plants in North America, and its parent company, Enel Group, is a multinational power company headquartered in Rome, Italy. Kerry Hawkins, Jason Levendusky and Jake Borden of CBRE/New England represented the landlords, KS Partners and Oaktree Capital, while Brooks Murphy and Brian Morrissey of JLL represented the tenant in the lease.
BROOKLINE, MASS. — Tocci Building Cos., on behalf of owner Claremont Cos., has completed the construction of Homewood Suites by Hilton in Brookline. Located at 111 Boylston St., the 101,996-square-foot all-suite hotel features 130 guest rooms, a swimming pool and close proximity to the MBTA Green line. The project team included Group One Partners as architects and R.W. Sullivan Engineering as mechanical and electrical engineers.
LAKEVILLE, MASS. — Calare Properties Inc. has received nearly $4 million in financing for the acquisition of 8 Lakeville Business Park, a 100,000-square-foot warehouse building located in Lakeville. Kyle Juszczyszyn, Chris Coutts and Lenny Pierce of CBRE/New England’s Debt & Structured Finance team secured the financing, which was provided by East Boston Savings Bank. The fully leased property is occupied by Guardian Building Products and T3 Expo.