Massachusetts

Leggat McCall, DLJ Properties Top Out 370,000 SF Life Sciences Project in Somerville, Massachusetts

by Taylor Williams March 17, 2023

SOMERVILLE, MASS. — A partnership between Leggat McCall Properties and DLJ Real Estate Capital Partners has topped out 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 will include 7,000 square feet of retail and 242 below-grade parking spaces. Shawmut Design & Construction is the general contractor for the project, which is slated for an early 2024 completion.

March 17, 2023

Acquisitions Development Massachusetts Multifamily Northeast Seniors Housing

Habitech Acquisitions to Develop 141-Unit Active Adult Community in Stow, Massachusetts

by Taylor Williams March 16, 2023

STOW, MASS. — Massachusetts-based developer Habitech Acquisitions has acquired 37.3 acres in Stow, about 30 miles west of Boston, with plans to construct a 141-unit active adult community. Known as The Cottages at Wandering Pond, the project will feature a recreation area with walking trails, as well as a clubhouse, pool, activity lawn and a pickleball court. Jake Parsons of SVN | Parsons Commercial Group | Boston represented the seller, EFMC Associates, in the land deal and procured Habitech Acquisitions as the buyer. A construction timeline was not disclosed.

March 16, 2023

Loans Lument Massachusetts Multifamily Northeast Seniors Housing

Lument Provides $15M HUD Loan for Refinancing of Metro Boston Seniors Housing Property

by Taylor Williams March 14, 2023

BROCKTON, MASS. — Lument has provided a $15 million HUD-insured loan for the refinancing of Alliance Health at West Acres, a seniors housing property located in the southern Boston suburb of Brockton. Built in 1965 and renovated in 2017, the property offers 130 beds. Aaron Becker of Lument originated the financing, which was structured with a 35-year term and fixed interest rate, on behalf of the owner-operator, Alliance Health & Human Services.

March 14, 2023

Industrial Leasing Activity Massachusetts Northeast

Navisun Signs 60,282 SF Industrial Lease in Avon, Massachusetts

by Taylor Williams March 14, 2023

AVON, MASS. — Solar energy provider Navisun has signed a 60,282-square-foot industrial lease in the southern Boston suburb of Avon. According to LoopNet Inc., the property at 61 Strafello Drive was built in 1974 and renovated in 2022. Ovar Osvold, Sean Hannigan and Kevin Brawley of Colliers represented Navisun and the landlord, DH Property Holdings, in the lease negotiations.

March 14, 2023

Leasing Activity Life Sciences Massachusetts Northeast

SmartLabs to Open 140,000 SF Flexible Space at CambridgeSide in Metro Boston

by Taylor Williams March 13, 2023

CAMBRIDGE, MASS. — SmartLabs, which designs, builds and operates multifunctional labs, will open a 140,000-square-foot flexible lab and office space at CambridgeSide, a mixed-use mall redevelopment located across the Charles River from Boston. The spaces will be located on the third floor and will be customizable to accommodate life sciences companies from fewer than 10 to more than 100 employees. The facility, which will be the fourth in the Boston area for SmartLabs, is slated to open in late 2024. A partnership between New England Development and a client advised by UBS Asset Management owns CambridgeSide.

March 13, 2023

Industrial Leasing Activity Massachusetts Northeast

DCNE Signs 70,337 SF Industrial Lease in Avon, Massachusetts

by Taylor Williams March 13, 2023

AVON, MASS. — DCNE, a wholesale distributor of HVAC systems, has signed a 70,337-square-foot industrial lease in the southern Boston suburb of Avon. The single-tenant property at 54 Bodwell St. sits on 4.6 acres and features 13 loading docks and a customer showroom. Ovar Osvold, Sean Hannigan and Kevin Brawley of Colliers represented DCNE and the landlord, DH Property Holdings, in the lease negotiations.

March 13, 2023

Development Industrial Massachusetts Northeast Retail

Kenworth Northeast to Open 34,000 SF Automotive Showroom in Middleton, Massachusetts

by Taylor Williams March 10, 2023

MIDDLETON, MASS. — Kenworth Northeast, a New York-based truck dealer, will open a 34,000-square-foot automotive showroom in Middleton, a northern suburb of Boston. The space will feature a full sprinkler system, LED lights, 11 service bays, a fabrication area, component rebuild area and a state inspection bay. Locally based firm Polar Design Build has been tapped as the general contractor for the project, which will be designed by Maugel DeStefano Architects. The opening is scheduled for spring 2024.

March 10, 2023

Development Life Sciences Massachusetts Northeast

Davis Cos. Tops Out 161,616 SF Life Sciences Facility in Cambridge, Massachusetts

by Taylor Williams March 8, 2023

CAMBRIDGE, MASS. — Locally based investment and development firm The Davis Cos. has topped out a 161,616-square-foot life sciences facility at 101 Smith Place in Cambridge. The facility is one of four buildings within The Quad, a life sciences campus that is home to tenants such as Ginko Bioworks, Civetta Therapeutics, Invaio Sciences, Hyperion and Samsung Electronics. Davis Cos. is developing 101 Smith Place in partnership with Invesco Real Estate. Full completion is slated for the fourth quarter. CBRE will market the facility for lease.

March 8, 2023

Acquisitions Massachusetts Northeast Office

Synergy Investments Acquires 273,304 SF Office Complex in Worcester, Massachusetts

by Taylor Williams March 7, 2023

WORCESTER, MASS. — Boston-based Synergy Investments has acquired Chestnut Place, a two-building, roughly 273,000-square-foot office complex located in the Central Massachusetts city of Worcester. The sales price was $10.5 million. Chestnut Place One is a 234,786-square-foot building that was constructed in 1990 and is anchored by Fallon Health. Chestnut Place Two is a 38,844-square-foot building that was originally constructed in the 1800s and renovated in the 1980s. Chestnut Place, which includes 248 parking spaces, was approximately 80 percent leased at the time of sale. The seller was not disclosed.

March 7, 2023

The-Delaney-at-The-Vale-Woburn-Massachusetts

Development Massachusetts Multifamily Northeast Seniors Housing

LCS Nears Completion of Seniors Housing Project in Woburn, Massachusetts

by Taylor Williams March 3, 2023

WOBURN, MASS. — Life Care Services (LCS) is nearing completion of The Delaney at The Vale, a seniors housing project in the northern Boston suburb of Woburn. The number of units and development costs were not disclosed. Boston-based architect DiMella Shaffer designed the facility, which is part of The Vale, the master-planned redevelopment of the former Kraft Atlantic Gelatin Facility. The Delaney at The Vale will offer independent living, assisted living and memory care services and is slated to open this summer.

March 3, 2023

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