WOBURN, MASS. — InBloom Autism Services has signed a 10,000-square-foot office lease in Woburn, a northern suburb of Boston. The provider of behavioral therapy services for young children relocated and expanded from its previous space on Constitution Way to the building at 12 Gill St., which according to LoopNet Inc. was built in 2000 and totals 182,603 square feet. Keith Page of Colorado-based brokerage firm CARR represented the tenant in the lease negotiations. Mike Truesdale represented the locally based landlord, Cummings Properties, on an internal basis.
PROVIDENCE, R.I. — A joint venture between Boston-based Ionic Development Co. and local architecture firm Wade Keating will undertake a 1.5-acre redevelopment project in downtown Providence. The I-195 Redevelopment District Commission selected the joint venture, which is doing business as Design Center Partners LLC, to transform Parcel 5, located on the east side of the Providence River, into the Providence Art & Design Center. Plans for the site call for 150 apartments and 25 condominiums, as well as a 30,000-square-foot hub for arts, entertainment and retail uses. Tenants in those arenas that have already expressed interest in the project include jewelry and accessories retailer Air & Anchor; DesignxRI, which is an incubator and support network for the local design community; porcelain dinnerware provider Myrth; and restaurant Angel’s Kitchen.
NEW YORK CITY — QuadReal Property Group has provided a $49.5 million loan for the refinancing of Arris Grand, a 113-unit apartment building in the Clinton Hill area of Brooklyn. The nine-story building was completed in 2024 includes three retail suites totaling 7,127 square feet. Units come in studio, one- and two-bedroom floor plans, and 34 units are reserved as affordable housing. Amenities include a rooftop terrace with grilling and dining stations, fitness center, media and gaming lounges, coworking and study spaces and a pet spa. Alan Blank, Zach Kraft and Gideon Gil from Cushman & Wakefield arranged the fixed-rate loan on behalf of the borrower, Haussmann Development.
SOMERVILLE, MASS. — Gantry, a commercial mortgage banking firm based in San Francisco, has arranged a $30 million loan for the refinancing of a 101,000-square-foot medical office building in Somerville, located just outside of Boston. The building at 40 Holland St. is known as Davis Square Center and was fully leased at the time of the loan closing, with regional provider Atrius Health serving as the anchor. Andy Bratt and Sean Kuang of Gantry arranged the five-year, fixed-rate loan, which carries a 30-year amortization schedule, on behalf of the owner, an undisclosed healthcare REIT. An unnamed insurance company provided the debt.
NEWTOWN AND BENSALEM, PA. — A joint venture between ShopOne Centers REIT, Pantheon and an undisclosed institutional investment firm has acquired two open-air shopping centers totaling 122,365 square feet that are located on the northeastern outskirts of Philadelphia. Goodnoe’s Corner is a 34,660-square-foot shopping center in Newtown that was built in 2008 and fully leased at the time of sale. Village Center is an 87,705-square-foot retail center in nearby Bensalem that was built in 1976 (renovated in 1999) anchored by grocer ACME. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the undisclosed seller and procured the buyer in the transaction.
NATICK, MASS. — Regional design-build firm Dacon Corp. has completed a 35,000-square-foot life sciences project in Natick, a western suburb of Boston. The facility is the third in the area for ABI-LAB, a user that provides shared laboratory services for researchers in fields such as immunology, oncology, regenerative medicine, diagnostics and precision medicine. The newest facility houses 10 labs that range in size from 900 to 2,500 square feet and brings ABI-LAB’s total Natick footprint to roughly 112,000 square feet.
PEABODY, MASS. — Simon Property Group has completed the redevelopment of Northshore Mall, a shopping, dining and entertainment destination located north of Boston in Peabody. Among the new tenants that have either recently been announced or opened new stores/facilities at Northshore Mall are Life Time Fitness, which opened a 116,000-square-foot athletic resort with multiple pools and spa facilities, as well as Arhaus and L.L. Bean. Interactive gaming experience Immersive Gamebox is also now part of Northshore Mall’s lineup of entertainment users, as is Golf Lounge 18 and Gametime Lanes & Entertainment, which offers bowling and other games in addition to food and drink. Dick’s Sporting Goods will open a new store at the property in 2026 under its “House of Sport” brand, and construction is now underway on a 142-room hotel that will be operated under the Residence Inn by Marriott brand. Conventional retailers that have also recently joined the tenant roster include Lululemon, Hollister, It’Sugar and Sandmagination, while the food-and-beverage component now features the likes of Sweetgreen, Big Chicken and Honeygrow, with Vermont-based Skinny Pancake and ice cream chain Van Leeuwen scheduled to open in the coming weeks. Lastly, electric vehicle maker Tesla recently debuted a new showroom at …
NEW YORK CITY — A partnership between local owner-operator The Kaufman Organization and Beacon Capital Partners is underway on the repositioning of 875 Sixth Avenue in Manhattan’s NoMad district. The 26-story, 265,000-square-foot office building, which is known locally as One NoMad, was originally constructed in 1926. Designed by Olson Kundig, the repositioning will feature a redesigned street-level facade with a revised steel and aluminum curtain wall system with stone elements that complement the historic design of the upper floors. The project will also introduce a steel canopy at the main entry area on West 31st Street and deliver improved connectivity between the lobby and concourse-level space. The development team will also expand the property’s shared amenity spaces via the addition of flexible conference, hospitality and lounge spaces. Lastly, construction is underway on five new suites on the 18th and 19th floors of the building that range in size from 2,700 to 5,700 square feet. The full repositioning is expected to be complete before the end of the year.
NEW YORK CITY — A&E Real Estate has purchased Rivers Bend, a 22-story, 179-unit apartment building located at 501 E. 87th St. on Manhattan’s Upper East Side, for $116.5 million. The sales price equates to roughly $547,000 per unit. The doorman- and elevator-served building was originally constructed in 1963. Select units feature private balconies/patios, and amenities include a rooftop terrace with an enclosed pool and a fitness center. Jack Brick of S. Charatan Realty represented the seller, locally based investment firm Soloviev Group, in the transaction.
NEW YORK CITY — Specialist Staffing Group, which coordinates talent placement within the STEM fields, has signed a 13,715-square-foot office lease in Lower Manhattan. The space is located on the 79th floor of One World Trade Center. Scott Bogetti and William Demuth of Savills represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Jason Greenstein and Nathan Krop of Newmark, along with internal agents Eric Engelhardt and Karen Rose, represented the landlord, a partnership between The Durst Organization and The Port Authority of New York & New Jersey.