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Massachusetts

The-Residences-at-Mill-8-Ludlow
DevelopmentMassachusettsMultifamilyNortheastSeniors Housing

WinnCos. Completes 95-Unit Mixed-Income Seniors Housing Project in Ludlow, Massachusetts

by Taylor Williams

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.

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AcquisitionsMassachusettsMultifamilyNortheast

CBRE Brokers Sale of 59-Unit Apartment Complex in Haverhill, Massachusetts

by Taylor Williams

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.

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808-Windsor-Somerville-Massachusetts
DevelopmentMassachusettsNortheast

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

by Taylor Williams

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.

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586-Manley-Drive-West-Bridgewater-Massachusetts
DevelopmentIndustrialMassachusettsNortheast

National Development Completes 210,600 SF Industrial Project in West Bridgewater, Massachusetts

by Taylor Williams

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.

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2-Executive-Drive-Chelmsford-Massachusetts
AcquisitionsLife SciencesLoansMassachusettsNortheast

Newmark Arranges Sale, Financing of 113,800 SF Life Sciences Building in Chelmsford, Massachusetts

by Taylor Williams

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.

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AcquisitionsMassachusettsMultifamilyNortheast

Marcus & Millichap Brokers $4.6M Sale of Boston Apartment Building

by Taylor Williams

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.

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Leasing ActivityLife SciencesMassachusettsNortheastOffice

Nanoramic Laboratories Signs 40,000 SF Office, Life Sciences Lease in Woburn, Massachusetts

by Taylor Williams

WOBURN, MASS. — Nanoramic Laboratories has signed a 40,000-square-foot office and life sciences lease in Woburn, a northern suburb of Boston. The developer of lithium ion batteries for the automotive and aerospace industries will relocate from nearby Wakefield to 10 Commerce Way, which is owned by Cummings Properties. David Thomann of Cushman & Wakefield represented the tenant in the lease negotiations. Rob Yacobian and John Halsey represented the landlord on an internal basis.

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FM-Global-Norwood-Massachusetts
DevelopmentLife SciencesMassachusettsNortheast

Hobbs Brook Tops Out 320,000 SF Office, Life Sciences Project in Norwood, Massachusetts

by Taylor Williams

NORWOOD, MASS. — Hobbs Brook Real Estate has topped out a 320,000-square-foot office and life sciences project in Norwood, a southern suburb of Boston, that is a build-to-suit for commercial property insurance company FM Global. The project replaces a 1950s-era building with a four-story office, lab and research and development building and adds a new 930-space parking garage and outdoor amenity spaces. Payette is the project architect, and Shawmut Design & Construction is the general contractor. Completion is slated for 2026. Construction began earlier this year.

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404-Wyman-St.-Waltham-Massachusetts
Leasing ActivityLife SciencesMassachusettsNortheastOffice

ZoomInfo Signs 101,000 SF Office, Life Sciences Lease in Waltham, Massachusetts

by Taylor Williams

WALTHAM, MASS. — ZoomInfo (NASDAQ: ZI) has signed a 101,000-square-foot office and life sciences lease in Waltham, a western suburb of Boston. The business-to-business data ​and AI-powered sales ​platform is taking space at 404 Wyman Street, a 384,841-square-foot building that is part of a larger 2.2 million-square-foot development. CBRE represented the landlord, Hobbs Brook Real Estate, in the lease negotiations. Newmark represented ZoomInfo.

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Elysian-Watertown-Square
DevelopmentMassachusettsMultifamilyNortheast

Joint Venture Breaks Ground on 142-Unit Multifamily Project in Watertown, Massachusetts

by Taylor Williams

WATERTOWN, MASS. — A joint venture between New York City-based developer O’Connor Group, real estate private equity firm FrontRange Capital Partners and Japanese construction company Takenaka Corp. has broken ground on a 142-unit multifamily project in Watertown, a western suburb of Boston. Elysian Watertown Square will be a five-story building with retail space, and 15 percent of the units will be reserved for households earning between 65 and 80 percent of the area median income. Amenities will include a fitness center, coworking space, pet care spa and two rooftop terraces. ICON Architecture designed the project, and Dellbrook | JKS will be the general contractor. Completion is slated for summer 2026.

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