WALTHAM, MA—A pioneering office building reborn to accommodate new millennium tenants is being put up for sale, as National Development moves to harvest the 65,000-sf property amidst a thawing investment climate and surging Route 128 Central submarket. Eastdil Secured
MARLBOROUGH—Emerging EMC Corp. spinoff VCE is giving a shot in the arm to the struggling Interstate 495 West office market, with industry sources claiming the technology firm has committed to lease more than 38,000 sf from the Campus at Marlborough, 3Com Corp.’s one
WALTHAM—Columbia Construction Co. has been on an extended stay here already, originally at the behest of Hobbs Brook Management in building the sparkling 175-185 Wyman St. office park about to be occupied by Dassault Systemes after a 320,000-sf lease that rocked suburban Boston in late 2010
BRIGHTON, MA—Controversial plans for a Lowe’s Home Improvement store here have seemingly been dealt a final blow following this week’s purchase of the proposed site by New Balance Shoe Co. chief James Davis, a leading opponent of the project. An entity formed by Davis paid
PLYMOUTH, MA—A 470,000-sf shopping center here that includes a popular lifestyle component is among four retail assets being marketed by Cushman & Wakefield, officials for its Boston Capital Market Group are confirming. Colony Place in Plymouth (pictured) is expected to trade in the
WOBURN, MA—With core at the fore, Unicorn Office Park is testing CRE sales waters, hiring Eastdil Secured to market the six-building, 600,000-sf campus that overlooks Interstate 93 just north of Boston. Expected to fetch upwards of $75 million by some estimates, the first class buildings are owned
CANTON, MA—There are eight down and one to go from a 470,000-sf portfolio of nine flex/industrial assets owned here at Shawmut Park by Leggat McCall Properties. The latest trading is 65 Shawmut Rd., parceled off this past week in a $4.71 million sale to a Norwood
QUINCY, MA—A prominent South Shore office building that last year landed a key state agency is being put up for sale, with sources telling The Real Reporter that Griffith Properties has retained Cushman & Wakefield’s Capital Markets Group to peddle the 10-story, 205,000-sf building at 100 Hancock St
BOSTON—The vision thing might be needed a bit more than normal, but CRE watchers say a lack of available product is helping spark interest for a three-building package that is close to landing a winning bidder. The 65,000 sf of retail and office space in the Franklin Street Portfolio being marketed
BOSTON—An imposing 540-space parking garage in Chinatown is being auctioned off this week in an event prompted by Charles River Realty Investors. CRRI took over a $17.1 million loan on 40 Beach St. in late 2010 and is now foreclosing on the 161,000-sf structure whose 4,000 sf of retail enhances
CAMBRIDGE, MA—A reshuffling of Pfizer Corp.’s research operations is coming home to roost here, The Real Reporter has learned, with officials for the pharmaceutical giant confirming plans to divest a major property at 620 Memorial Dr. The firm is also said to be considering trading at least one othe
GLASTONBURY, CT—Serving up a one-two punch of New England retail deals, Cushman & Wakefield’s Capital Markets Group negotiated the purchase here of Somerset Court this week by TA Associates Realty, a Boston-based firm that paid $24.5 million for the 16-year-old, grocery anchored center.
MARLBOROUGH, MA—As a 12-step program of sorts, 2010 did some good helping a staggering Interstate 495 West office sector steady itself, but given the depths of despair reached during the recent recession, industry watchers caution that the road to recovery remains a daunting one for the erstwhile