NATICK, MASSACHUSETTS — Boston-based EagleBridge Capital has arranged $3 million permanent mortgage financing for the 59,500-square-foot office building 313 Speen Street in Natick. Tenants include Battelle Memorial Institute, MetroWest Orthopedics and Sports Medicine, Nasuni Corp., Clinivation and Bright Horizons Child Care Center. Ted Sidel and Brian Sheehan secured the loan through a regional financial institution.
NEW YORK CITY — Newton, Mass.-based Government Properties Income Trust (GOV) has acquired a 187,060-square-foot building in New York City for $114 million. The building is 100 percent leased to the United Nations. The purchase was funded by using cash on hand and drawings under GOV's revolving credit facility.
PROVIDENCE, R.I. — Boston-based Winn Companies has sold the 231-unit 903 Residence, located at 903 Providence Place in Providence, for $26.4 million to Core Investments/SMC Corp. Amenities include garage parking, clubhouse, fitness center, business center, media room and resort-style swimming pool and sun deck. Michael Carucci of Boston-based Group Boston Real Estate represented both parties in the transaction.
BOSTON, MASS. — Colliers International has secured a $25 million bridge loan for the 223,445-square-foot, 11-story Two Oliver Street, a Class A office building, located in the center of the Financial District in Boston. Kevin Phelan, Stephen Horan and Ryan Bradley of the Boston office represented the borrower, P6/Saracen Two Oliver Real Estate, a joint venture between Saracen Properties and AEW Capital Management, L.P. Webster Bank, the main subsidiary of Webster Financial Corp., financed the transaction.
NEW YORK CITY — Whitney Museum of American Art has broken ground on a new nine-story, 200,000-square-foot building, located on Gansevoort Street in Manhattan's Meatpacking District. Renzo Piano is the architect on the project, which is expected to be New York City's first certified LEED Silver art museum. The Whitney has raised $508 million of its $720 million project budget, which includes funds for construction and endowment. The building is scheduled to open in 2015.
SOUTH KINGSTON, R.I. — Tower HIll Landings, an affiliate of Newport, R.I.-based Landings Real Estate Group, has purchased the 132-unit Kingston Gardens for $9.38 million. Simon Butler, Biria St. John, Michael Byrne and John McLaughlin of Cushman & Wakefield Capital Markets Group's Boston office represented the seller, Hall Keen CDT Kingston L.P., an affiliate of HallKeen Management, and procured the buyer.
BARRINGTON, N.H. — Portsmouth, N.H.-based The Kane Co. has completed the sale of a 30,000-square-foot industrial building, located at 246 Calef Highway in Barrington. Pete Billipp represented the seller and procured the buyer, a local business owner.
NEW YORK CITY — John Ciraulo, Robert Burton and Craig Waggner of New York City-based Massay Knakal recently represented the seller of a 20-unit, walk-up apartment building, located at 245 Mulberry St. in Manhattan, for $7.25 million. Recent renovations to the property includes hardwood floors, marble tile, new appliances and washers and dryers in every unit.
EAST WINDSOR, N.J. — GHP Office Realty has sold the 66,000-square-foot 104 Windsor Center, located in East Windsor, N.J., on behalf of the seller, a group of private investors. Thomas Romano of Newmark Knight Frank's Princeton, N.J., office represented the buyer, a New York City-based private investor who owns several other Princeton area properties.
MANCHESTER, N.H. — Danais Realty Group has purchased the 12-lot, 126-acre Phase I of the Northwest Business Park at Hackett Hill from the City of Manchester for $2.8 million. Danais plans to build up to 1.2 million square feet of office, R&D, manufacturing, warehouse and distribution space on the currently undeveloped site. CB Richard Ellis is the listing agent for the Northwest Business Park.