FRAMINGHAM, MA —Phoenix Commercial Real Estate has negotiated the $4 million sale of 354 Waverly St. to the Edward M. Kennedy Community Health Center, formerly known as the Great Brook Valley Community Health Center. The 27,000-sf office building will be employed to consolidate two existing
CHELMSFORD, MA—A 24,450-sf shopping center strategically located at the Drum Hill Rotary has sold for $6.7 million to Linear Retail Properties of Burlington. The acquisition of Chelmsford Plaza is the 55th New England purchase by Linear as part of a $300 million investment fund targeting convenience
WALTHAM, MA—An ecletic ownership group is wasting little time becoming a player in the Greater Boston investment sales market, closing this past week on 159 Overlook Rd. here for $4.5 million and separately securing 4 Preston Ct. in neighboring Bedford for $2.9 million. Both trades were negotiated
SAUGUS, MA—A 68,000-sf shopping center northbound on bustling Route One is the latest retail property being offered up for sale in suburban Boston, as the owners of Saugus Plaza at 444 Broadway have retained Cushman & Wakefield to peddle the multi-tenanted property, C&W Executive Director Geoff
BOSTON—After inking an 82,000-sf lease at the Hub’s 530 Atlantic Ave. on Boston Harbor, Communispace Inc. has tabbed Newton-based Diversified Project Management Inc. to orchestrate an upcoming move that is slated to take place next summer. Communispace’s lease at the waterfront building known as Atl
NEWTON, MA—Taurus Investments has spent the past two years scooping up huge chunks of Boston’s Newbury Street, but the locally based group’s next target is slightly west of that retail stronghold, some seven miles and two Massachusetts Turnpike exits away in Newton Corner.
CANTON, MA—A vacant flex/office building foreclosed on earlier this year by RBS Citizens could soon be rejuvinated thanks to plans by local contingent Organogenesis to acquire the $3.8 million loan on the property, a burden that led to its downfall. Located in the Canton Commerce
PROVIDENCE, RI—A fractured residential condominium project here in the Ocean State capital is being taken over by a Massachusetts partnership that hopes to right the troubled venture through repositioning and improved management. Equity Resources Investments and a group foundedby Berkeley Investment
MIDDLETON,MA —In addressing properties begrudgingly adopted from the commercial real estate crash, sentimental value for LNR Partners appears to carry about the same worth many of the orphaned assets do—slim to none. The Miami-based lender is again exemplifying its desire to quickly move such REO
BILLERICA—Even in hosting a celebration event on Thursday, Brookwood Financial Partners is spending little time crowing about the rapid turnaround of 75 Sylvan St. in Danvers,
CAMBRIDGE, MA — A stylish lab and office property in the city’s Alewife District is being marketed for sale by Colliers Meredith & Grew, with 733 Concord Ave. being touted for delivering stability over the shortterm and upside potential down the road.
ARLINGTON, MA—The recent $6.6 million refinancing of the Arlington Village Shops in this tony Boston suburb is of little comfort to most save for its ownership, Bierbrier Development of Lexington. That is because few retail assets of that ilk can
BOSTON—Despite indications of sunnier days on the horizon for the city’s downtown market, the owners of an 11-story, 223,000-sf office building have turned the keys over to its noteholder, which purchased the loan late last month. A joint venture between AEW Capital Management