A Compendium of Property & Capital News
CAMBRIDGE—After months of rumors and media coverage about a high-profile space search, Sanofi Genzyme is “laser-focused” on leasing 800,000 sf of laboratory and office space at Cambridge Crossing, according to industry buzz indicating DivcoWest’s ambitious 45-acre development has the pharmaceutical
Brookfield Seen Paying Teachers $92M for 51 Sleeper St. Via HFF Exclusive of Prized Office Building
Sarkis Clan Sells Back Bay Retail Gems to Florida Investor for $110M+ Via Newmark Exclusive
NY Firm Seen Paying Nordblom, Rubenstein Near $32M for Reading Office Gem Via C&W
Over 1,000 Well-Wishers Fete Related Beal, David J. Begelfer at Annual NAIOP Real Estate Awards Gala
BUYER: Millwood Residential LLC, managed by William A. Depietri
SELLER: Millwood Farms Golf Course Inc., managed by James Drake
PRICE/ADD: $5,500,000; 818 Grove St. and 175 Millwood St., Framingham
MTG: $4,125,000 from MutualOne Bank
NOTES: Four land parcels; lot size totals 68 acres; seller acquired properties starting 1977
BUYER: 2077 N Main Street LLC, mgd. by Zi Qian Zhang
SELLER: Cedar-West Bridgewater LLC, managed by Philip Mays, Port Washington NY
PRICE/ADD: $3,500,000; 2071 and 2077 North Main St., Brockton; and 860 North Main St., West Bridgewater
NOTES: Retail property, constructed 1972
BUYER: 201 Flanders LLC, c/o RJ Kelly Co., managed by Brandon D. Kelly
SELLER: Westborough Flanders Investors LLC, managed by Edward F. McManus
PRICE/ADD: 201 Flanders Rd., Westborough
MTG: $8,900,000 from Cambridge Savings Bank
NOTES: Industrial property, constructed 1971
BUYER: Ingrid C. Hammond and Jeffrey C. Lau
SELLER: John J. Christian
PRICE/ADD: $3,334,460; 28-30 Union Park, U-1, Boston
MTG: $2,500,845 from First Republic Bank
NOTES: Unit in low-rise condominium; unit size is 2,475 sf; three bedrooms and 2.5 baths
