WAKEFIELD, MASS. — Boston-based Eastern Bank has signed a 51,751-square-foot office lease in Wakefield, a northern suburb of Boston. The space is located within the 155,000-square-foot building at 601 Edgewater Drive, which is part of a larger 1 million-square-foot campus known as The Edge. Newmark represented the landlord, Hobbs Brook Real Estate, in the lease negotiations. Cushman & Wakefield represented Eastern Bank, which plans to take occupancy in the third quarter of next year.
WOBURN, MASS. — CBRE has brokered the $11.2 million sale of a Woburn Plaza, a 31,994-square-foot shopping center located on the northern outskirts of Boston. Tenants at the property include West Marine, Eastern Bank and Mattress Firm. Nat Heald, Kyle Juszczyszyn, Connor Scott and Jordana Roet of CBRE represented the seller, locally based owner-operator Linear Retail Properties, in the transaction. The buyer was Chestnut Realty Management.
NANTUCKET, MASS. — Marcus & Millichap has brokered the sale of Old South Storage, a 198-unit facility on Nantucket, an island off the coast of Massachusetts. The property was built in 2018 and spans 17,344 net rentable square feet of climate-controlled space. Michael Palladino, Kevin Bledsoe and Matthew Junkin of Marcus & Millichap represented the undisclosed seller in the transaction. The sales price was $5.6 million, and the buyer was also undisclosed. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
DEVENS, MASS. — Locally based developer King Street Properties has topped out a 210,659-square-foot advanced manufacturing project in the northwestern Boston suburb of Devens. The building at 75 Jackson Road will be the fourth such structure within the 700,000-square-foot Pathway Devens campus and will feature clear heights of 17 to 18 feet, with a maximum clear height of 38 feet in the high bay area. Preliminary sitework began this spring, and completion is slated for summer 2025. First Citizens Bank and Berkshire Bank are financing the development. The project team includes general contractor and construction manager BW Kennedy & Co., Vivo Architecture and Highpoint Engineering.
LUDLOW, MASS. — Regional affordable housing developer WinnCos. has completed The Residences at Mill 8, a mixed-income seniors housing project in Ludlow, located near Springfield in the western part of the state. The project converted a former mill building into an apartment complex with 95 units — 87 one-bedrooms and eight two-bedrooms — that are reserved for renters age 55 and above. The affordability component comprises 43 units for households earning 60 percent or less of the area median income (AMI) and 12 units for households earning 30 percent or less of AMI. The other 40 residences are rented at market rates. Amenities include onsite laundry facilities, a fitness room, resident lounge and several outdoor recreation areas, and the building also houses 48,000 square feet of commercial space. The Architectural Team designed the project, and Dellbrook | JKS served as the general contractor.
HAVERHILL, MASS. — CBRE has brokered the sale of Ellis Factory Lofts, a 59-unit apartment complex in Haverhill, a northern suburb of Boston. Built in 2019, Ellis Factory Lofts is a redevelopment of the former Ted’s Leather Goods factory and mill. The six-story building now exclusively offers two-bedroom units, according to Apartments.com. Amenities include a resident clubroom, fitness room, bike storage area, dog wash, private courtyard and a controlled access parcel room, as well as commercial space. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, New Hampshire-based Chinburg Properties, in the transaction. The team also procured the buyer, Massachusetts-based development and investment firm SMC Management.
Leggat McCall, DLJ Properties Complete 370,000 SF Life Sciences Project in Somerville, Massachusetts
SOMERVILLE, MASS. — A partnership between Leggat McCall Properties and DLJ Real Estate Capital Partners has completed 808 Windsor, a 370,000-square-foot life sciences project located roughly four miles outside of Boston in Somerville. The site is situated adjacent to the newly developed Union Square MBTA Green Line Station within the 1.8 million-square-foot Boynton Yards mixed-use development. The 11-story facility includes 7,000 square feet of retail space and 242 below-grade parking spaces. Shawmut Design & Construction was the general contractor for the project, construction of which topped out in March 2023.
WEST BRIDGEWATER, MASS. — National Development has completed a 210,600-square-foot industrial project in West Bridgewater, a southern suburb of Boston. The facility at 586 Manley St. can support warehousing and distribution uses and can also be subdivided to accommodate multiple tenants. Building features include a clear height of 36 feet, 37 loading docks, two drive-in doors and abundant vehicle and trailer parking. Cranshaw Construction served as the general contractor. National Development has tapped JLL as the leasing agent.
CHELMSFORD, MASS. — Newmark has arranged the sale and financing of 2 Executive Drive, a 113,800-square-foot life sciences building located in the northwestern Boston suburb of Chelmsford. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, Joseph Alvarado and Casey Valente of Newmark represented the seller, Foxfield, in the transaction. David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr. and Conor Reenstierna, also with Newmark, arranged an undisclosed amount of acquisition financing for the buyer, Rhino Capital, through Bank Newport.
BOSTON — Marcus & Millichap has brokered the $4.6 million sale of a six-unit apartment building in the Brighton area of Boston. The newly renovated building at14 Mt. Hood Road was originally constructed in 1910 and offers a mix of one-, two-, three- and four-bedroom units. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.