CAMBRIDGE, MASS. — Locally based general contractor Nauset Construction has completed a 49-unit multifamily project in Cambridge, located across the Charles River from Boston. Designed by Piatt Associates, 605 Concord at Fresh Pond is a six-story building that offers a mix of studio, one-, two- and three-bedroom units ranging in size from 419 to 1,238 square feet, as well as 2,500 square feet of retail space. The developer is an entity doing business as Acorn Holdings LLC. Rents start at $2,800 per month for a studio apartment.
CAMBRIDGE, MASS. — Insurify has signed a 21,000-square-foot office lease in Cambridge. The insurance technology company will occupy the entire sixth floor of 201 Broadway, a 119,000-square-foot building in the Kendall Square area. Robert Fitzgerald, Patrick Grady, Jim Boudrot, Peter Evans, Steve James and Henry Birmingham of regional brokerage firm Hunneman represented the landlord, The Davis Cos., in the lease negotiations.
ACTON, MASS. — Marcus & Millichap has brokered the $5.8 million sale of a 76,251-square-foot industrial and office complex in Acton, located northwest of Boston. The complex at 930 Main St. consists of seven buildings that collectively house about 61,700 square feet of warehouse space and 14,500 square feet of office space. Luigi Lessa, Harrison Klein and Mattias Edenkrans of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
METHUEN, MASS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5 million bridge loan for the acquisition of a 30-unit apartment building in Methuen, a northern suburb of Boston. The newly renovated building at 11 Ashton Place houses studio, one- and two-bedroom units. The nonrecourse loan carries a five-year term, a 70 percent loan-to-value ratio, a sub-6 percent interest rate and a 30-year amortization schedule. Robert Bhat of MMCC arranged the loan. The direct lender was not disclosed. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the $7.1 million sale.
MANSFIELD, MASS. — U.S. Lumber has signed a 96,000-square-foot industrial lease in Mansfield, located south of Boston. The space is located within Francis Logistics Center, a 352,340-square-foot, rail-served development that includes 10 acres of industrial outdoor storage space. Ned Halloran and Leeanne Rizzo of regional brokerage firm Hunneman represented the landlord, Boston-based Oliver Street Capital, in the lease negotiations. Information on the tenant representative was not disclosed.
DANVERS, MASS. — The Picklr, an entertainment concept centered on pickleball, has opened a 36,192-square-foot venue in Danvers, a northern suburb of Boston. The space is located within a former Bed Bath & Beyond store at Endicott Square, a 56,275-square-foot shopping center that is also home to tenants such as Quest Diagnostics, Salem Five and Advance Auto Parts. Don Mace of local brokerage firm KeyPoint Partners represented the undisclosed landlord in the lease negotiations.
DEVENS, MASS. — A partnership between Pivotal Manufacturing Partners and Declaration Partners has purchased a 165,335-square-foot manufacturing facility in Devens, located northwest of Boston, for $74 million. The facility, which was built in 2022, serves as the global headquarters and magnet production hub of Commonwealth Fusion Systems. Building features include a clear height of 32 feet, three tailboard dock doors, one drive-in door and 283 parking spaces. John Alascio, Alan Blank, Alex Lapidus, Rob Borden and Heather Brown of Cushman & Wakefield arranged $52.8 million in acquisition financing for the deal through Goldman Sachs.
FRAMINGHAM, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $32.6 million sale of a retail building located in the western Boston suburb of Framingham. The building sits on a 9.5-acre site and is ground-leased to Lowe’s Home Improvement. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
GEORGETOWN, MASS. — JLL has negotiated the sale-leaseback of a 59,480-square-foot industrial property in Georgetown, located north of Boston. Built in 2004 on an 8.6-acre site, the warehouse and manufacturing building features a clear height of 21 feet and 71 parking spaces. Michael Restivo, David Coffman and Tommy Hovey of JLL brokered the deal. The seller/occupant was not disclosed. Anthony Cutone and Ryan Parker, also with JLL, arranged fixed-rate acquisition financing on behalf of the buyer, Equity Industrial Partners.
DARTMOUTH, MASS. — Pennsylvania Real Estate Investment Trust (PREIT) has received $56 million in financing for Dartmouth Mall, a 671,000-square-foot regional shopping and dining destination in southeastern Massachusetts. Tenants that recently committed to Dartmouth Mall include Boot Barn, Locker Room by Lids and Chick-fil-A. Macy’s and J.C. Penney are the mall’s anchor tenants, and other major retailers include Burlington, ALDI, ULTA Beauty, AMC Theatres, H&M, Five Below and Old Navy. The 10-year loan carries a 7.1 percent interest rate for the first five years and matures in October 2035.