DANVERS—Another investor is reportedly queued up to buy 75 Sylvan St., the challenged three-building commercial property taken back last summer by NewStar Financial. According to industry sources, Brookwood Financial Partners of Beverly has agreed to buy 75 Sylvan St. for a price
ROCKLAND—A CVS store here and identical operation in Hanson have changed hands in a $4.1 million package sale, as the longtime owner trades both 13-year-old properties for $202 per sf. Marcus & Millichap brokers Robert Horvath and Todd Tremblay orchestrated the trade on behalf of
BOSTON—The exterior of 227 Park Drive evokes an image of classic Boston, but brokers at NAI Hunneman Commercial Co. retained to market the five-story apartment property say the real attraction for investors is behind the brick façade. Inside, 20 of the 21 units have been complete
NORTHBOROUGH—Genzyme Corp. is the sort of tenant any landlord could love, or so it would seem given the firm’s $40 million investment into 11 Forbes Rd., a massive industrial building being expanded to 250,000 sf of modern lab, office and warehouse space. With that overhaul now i
ACTON—One of Greater Boston’s most established CRE investment houses is joining up with fledgling operation Winrock Partners to take down a substantial property here in the suburban west office market, as officials at National Development of Newton acknowledge their plans to acqu
BILLERICA—When it comes to suburban Boston’s northern tier, the RREEF Funds keep going and going and going, After selling several assets in 2009 and early 2010, the international CRE powerhouse last week moved 225 Wildwood Ave. in Woburn for $3.65 million, and reportedly is dives
MILFORD—Kicking the spring investment season off on a high note, Colony Realty Partners has agreed to buy a 400,000-sf office/industrial complex here along Interstate 495 from iStar Financial, according to sources, reportedly at a price said to exceed $26 million. The pending sal
BOSTON—New England’s medical device industry is as hot as any, while commercial real estate is enduring an historic slump, but despite switching careers from the former to the latter, Jones Lang LaSalle Associate Brendan Cohn has little reason to second-guess his decision. Cohn’s
BOSTON—Pricing talk is not cheap when it comes to One Bowdoin Sq., the 11-story, 133,000-sf office building in Government Center that Cushman & Wakefield announced this week it is bringing to market on behalf of Brickman Properties. A target of $47 million—approaching $350 per sf
BOSTON — Although shadow office space and a paper-thin recovery still generate caution, sublease supply has peaked far below the three million sf that dogged landlords after the technology crash of 2001, according to a CBRE/New England review issued this week. Boston’s ratio to t
ACTON — It appears there will be a sale of Nagog Park after all—in fact, a winning bidder could be in tow by week’s end, according to investment sales brokers handling the negotiations on behalf of KBS Realty Advisors. The nine-building complex has nearly 400,000 sf in a campus s
LITTLETON — At a price tag in the $94 million range, Georgia-based Wells Real Estate Funds is on tap as the new owner of 550 King St., the sprawling modern office complex now home to business icon IBM Corp. Acquired empty by National Development and Angelo Gordon in April 2006 fo
NORTH QUINCY—In a major pact that all but fills the HarborSouth office building at 100 Hancock St., a state agency is leasing upwards of 100,000 sf in the prominent 204,000-sf structure acquired in 2007 by Griffith Properties and recast as multi-tenanted space. The Office of Hea