A Compendium of Property & Capital News
MARLBOROUGH—Two “impeccably maintained” flex/industrial buildings in the suburban I-495 suburbs are getting a brisk response among multiple suitors just days into their sales launch by exclusive agent CBRE acting on behalf of Ram Cos., the Maine-based investor which upgraded 734 Forest St. here in t
CHELMSFORD—It was already among Route 3’s preferred addresses when Tritower Financial Group paid $39.4 million for 300 Apollo Dr. five years ago this month, yet the stewards have somehow brought the 293,000-sf office building “to another level,” one CRE professional says in praising the three-story,
BILLERICA—Geographically and in other ways, JLL Capital Markets is all over the map as mid-year nears, its range evident in three suburban listings just being introduced, among them a 91,600-sf lab facility here owned by SSI Investments and Calare’s 51,000-sf flex building at 205 Burlington Rd. in B
BOSTON—Getting a little help from the Boston brokerage—and lending—community, KS Partners has expanded its downtown Boston CRE stake via purchase of a 55,325-sf office/retail building across from Rowes Wharf and next to the Rose Fitzgerald Kennedy Greenway. Founding principal Kambiz Shahbazi acknowl
BOSTON—During her Capital Markets presentation at this past week’s NAIOP/SIOR Midyear Market Roundup, HFF Senior Director Kerry Hawkins told the gathering that in a recent meeting held in New York City, 11 of the 12 investors on hand cited Boston as “the Number One city to watch in the U.S. - if not
BOSTON—Two CRE investors—one homegrown, another from very far away—have orchestrated a nine-figure exchange of 10 Post Office Square, the landmark downtown office building that has delivered $238.7 million to LaSalle Investment Management from Japanese-based NTT Urban Development and operating partn
WALTHAM—Opening of a new Boston Celtics training center in Brighton is giving investors a shot at acquiring the team’s previous facility here off Route 128, with Cushman & Wakefield retained to peddle 840 Winter St. to investors, longtime owner Davis Marcus Partners has confirmed regarding the 135,3
BOSTON—The latest Hub office building up for sale is straight out of central casting. “It is at the center of everything happening downtown,” one market watcher spoken to says regarding the 90,000-sf mid-rise being listed by longtime owner Intercontinental Real Estate Corp. through Cushman & Wakefi
BOSTON—Westbrook Partners has acquired 5 Channel Center St. in the city’s dynamic Seaport District for $26 million following a robust marketing process conducted by CBRE Capital Markets representi
MEDFORD—Nearly two years after converting the landmark Meadow Glen Mall here into a “re-imagined shopping destination,” New England Development is selling the 300,000-sf power center to RREEF America, with sources telling Real Reporter an exchange could be finalized by early next month. Pricing for
TEWKSBURY—An enduring mid-1980s office building 100 percent leased to L3 Technologies is being harvested for upwards of $31 million after a fast-paced marketing process conducted by CBRE, the buyer a Miami investor specializing in net-leased real estate. CBRE Capital Markets is acting on behalf of
NANTUCKET—Exclusive broker Boston Realty Advisors dubbed it “absolutely irreplaceable,” and that outlook five years ago has been validated in this week’s $25.1 million trade of a hospitality and retail portfolio taking up an entire downtown block, the four buildings with 60 rentals mixing old-world
NEEDHAM—Cross-border collaboration has brought welcomed life to the N2 Corridor straddling this community and neighboring Newton, and now the commitment of another life sciences firm to 117 Kendrick St. is advancing efforts among municipal planners and local landlords targeting the emerging biotech
