CAMBRIDGE—A quartet of historic buildings in one of the city’s life sciences hotbeds is angling to capture future demand from that sector and other emerging industries after receiving $19.3 million from Salem Five Cents Savings Bank. Centremark Properties not only refinanced a maturing loan, but the
WALTHAM, MA—All the locals were chasing 285 Bear Hill Rd., but California-based Alexandria Real Estate Equities has won the day, paying $3.9 million to secure the 26,275-sf flex/office building that possesses an alluring presence for owners of life sciences real estate, the REIT’s raison d’être.
BOSTON—The Financial District’s original Main and Main is for sale—and 53 State St. is expected to fetch a big price at a time when core real estate is in hot demand. Completed in 1985 on the same site where the Boston Stock Exchange opened its doors in 1896, Exchange Place is being harvested
MASHPEE, MA—As this seaside community hits its summertime stride, the owner of South Cape Village is welcoming a new restaurant aimed at drawing locals and tourists alike to the 156,000-sf shopping center. Bistro 36 will seat approximately 130 guests, estimates C. Talanian Realty Chief Operating
WILMINGTON, MA—A 177,000-sf flex building just off Interstate 93 north of Boston has been snapped up by an affiliate of Analog Devices. Lincoln Property Co. advised longtime owner Beckwith Realty LLC in the $4.5 million deal, orchestrating a rare trade of such a large asset in one of Greater Boston
WESTBOROUGH, MA—As infill sites go, they don’t come much bigger or more coveted than 25 Research Dr., and after a lengthy marketing effort, the 68.4-acre former National Grid campus has been acquired by Charles River Realty Investors and National Development. Marketed by Jones Lang LaSalle, the 282,
BOSTON—Most of the “easy buttons” for financing commercial real estate were salted away after the 2008 industry crash, but Holliday Fenoglio Fowler Director Janet N. Krolman says arranging a $12.5 million loan on 176 Federal St. did not take the heavy lifting often mandated in the still-rocky
DEDHAM, MA—Office leasing has been spotty in many parts of the suburban landscape, but Normandy Real Estate Partners has been spot-on in its strategy for attracting tenants to a pair of properties here along Route 128’s southern flank. A quartet of recent commitments—including three fresh deals—has
BOSTON—Calling 99 Chauncy St. a “jewel box building” would be a stretch at this juncture, but the 11-story, 102,000-sf office/retail property in the city’s Midtown District could soon be getting the sort of polishing needed to restore it to the grandeur of yesteryear, with industry observers
The dog days of summer and its perennial leasing drought are just around the corner, but Boston Realty Advisors is showing no sign of slowing down as the mid-year mark approaches. A flurry of signings in the city and on the suburban scene has resulted in close to 45,000 sf of commitments
LEXINGTON, MA—It is hardly a revolutionary move, but the Hamilton Co. has added to its expanding multifamily portfolio by acquiring the Battlegreen Apartments, a six-building, 48-unit complex purchased from Boston Residential Group for $10.0 million. The 4.1-acre property at 32-42 Worthen Rd.
BURLINGTON, MA—The end—or in some ways, a beginning—is near for suburban Boston’s 4 Van de Graaff Dr., the glitzy 93,000-sf office building saddled by a $25.1 million loan held by Capmark Finance. According to industry sources, Cushman & Wakefield has been hired to market the loan in advance of a
MALDEN, MA—A four-story, garden-style multifamily building near Wellington Circle has been harvested by the Hamilton Co. for $8.75 million. In a deal negotiated by NAI Hunneman, the 66-unit property at 130 Avon St. was acquired on Thursday by a local real estate operator who was backed by $6.29