NORTH ANDOVER—A prime location at the confluence of three major roadways was key getting overseas capital to secure a 15,000-sf Rite-Aid here for $3.4 million, and broker Robert Horvath of Marcus & Millichap says unease about the European CRE market is further driving foreign fun
NORTH ANDOVER—Fundamentally speaking, 25 Commerce Way is just what lenders are looking for these days, with steady cash flow and stable sponsorship supporting a $7.85 million refinancing of the 169,000-sf flex/industrial property located here along Route 125. The loan from Salem
BOSTON—A leap year it is not, but while the sluggish beginning to 2010 from a commercial real estate sales perspective has some professionals dragging their heels, others say the measured start should help the industry from tripping up once New England’s hoped-for recovery commen
ACTON—The process has been rather stealth to begin with, but an effort by KBS Realty Advisors to harvest nine buildings here in suburban Boston’s MetroWest has reportedly gotten even quieter in the wake of a call for offers said to have been slated for last week. According to one
LEOMINSTER—The local arm of Marcus & Millichap was involved in this month’s $2.02 million sale of 345 Central St., a hulking two-story facility featuring 68,000 sf of office and industrial space plus more than 1,000 self-storage units. Robert Horvath and Todd Tremblay assisted De
HINGHAM—After a spurt of late-season activity boosted occupancy in 2009, the eclectic South Shore Park has landed another tenant through a 5,000-sf commitment for laboratory space by South Shore Medical Center. Owned by A.W. Perry Inc., the eight-building commercial complex is lo
BILLERICA—Lets hope the Red Sox rotation is as good at closing this year as Atlantic Management Co. is proving these days. Delivering its own relief program for the lackluster commercial real estate sales market, the Framingham-based firm is scheduled to close Friday on two under
STOUGHTON—What the ultimate plans are remain a mystery, but a two-level, 116,000-sf flex/industrial building here has new ownership following its sale this week to a Bedford businessman. The property at 800 Technology Center Dr. was acquired for $1.5 million in cash and assumptio
BOSTON—Having already made its mark on the Boston skyline as a major contractor, Structure Tone is grabbing an ownership stake in the city, its first conquest being 711 Atlantic Ave., a modest yet supremely located office building secured for $17.7 million in cash and loan assump
WAKEFIELD—Real estate investor Hobbs Brook Management has found a way to make double dipping a welcomed endeavor. Blessed from an eight-year renewal and expansion by Epsilon Associates, the anchor tenant’s growth to 135,000 sf at 601 Edgewater Dr. is forcing firms with expiring l
MANSFIELD — The recession has been anything but great for Great Woods Office Park. Vacancy at the two-building, 58,000-sf development soared last year from 7 percent to 53 percent after a dozen downturn-ravaged occupants left in an exasperating exodus, creating a revenue vacuum a
BOSTON — As anyone in Ted Williams country can attest, batting .400 is no mean feat, yet that is precisely NAI Hunneman EVP Carl Christie’s impressive average in winning Broker of the Year titles for the venerable commercial real estate firm, having just secured his sixth such ci
BOSTON — Change is certainly a constant for New England’s commercial real estate industry, but another non-variable has been Kevin J. Hanna as one of Cushman & Wakefield’s leading brokers, a role he has held since joining the firm in 1988 and becoming a specialist in the western