WESTBOROUGH—The luxury apartment complex here harvested last week by AvalonBay Communities fetched $40.8 million, or a healthy $145,000 per unit. According to sources, Avalon at Flanders Hill traded to Invesco Real Estate Advisors at a capitalization rate under 7 percent, again d
ANDOVER—Leasing in excess of 10,000 sf is giving the New England Business Center a late-season boost, with one tenant relocating to the 42-acre campus while an existing occupant extends its agreement by another five years. Owned by New Boston Fund, the 250,000-sf master-planned o
WALTHAM—In the end, it wasn’t even close, as the corporate interior work at Autodesk Inc.’s new headquarters easily was certified LEED Platinum by the US Green Building Council, securing 46 points in the arduous process when only 42 were required. Upon committing to the 1560 Trap
DEDHAM—An ally to citizens with developmental challenges has landed on Allied Drive, as Delta Projects Inc. signs a seven-year lease for 12,800 sf of office space. Owned by Extra Space Storage, the two-story building at 118 Allied Dr is situated just off Route 128 and close to De
BOSTON—At an asking price rumored near $90 million, a prominent mixed-use property abutting the city’s Longwood Medical Area is being put on the block for sale, industry sources are telling The Real Reporter. The New Boston Fund has retained Cushman & Wakefield’s Capital Markets
ATTLEBORO—Legacy Real Estate Ventures is getting a little more leaseback in the Waltham investment firm’s sale/leaseback of 607 Pleasant St. now that chief tenant Harbor One Credit Union has expanded its occupancy to 5,200 sf. Legacy purchased 607 Pleasant St. in January 2008 fro
WESTBOROUGH—Technology company RCN Metro will be staying put here at 2200 West Park Dr. well into the next decade after signing a five-year lease extension with landlord KS Partners LLC. The deal encompasses 28,175 sf in the four-story office building located near the junction of
BOSTON—In more ways than one, newly monikered Carr Workplaces is “returning to its roots,” according to CEO Joe Wallace, and that includes taking another crack at the Greater Boston business center market. Having acquired 13 Synergy Workplaces offices this past summer, among them
BOSTON—Just in time for the holiday shopping season, Jones Lang LaSalle has been retained to find takers for 150,000 sf of office space at the Lafayette Corporate Center, a six-story mixed-use building in Boston’s Downtown Crossing retail district. A one-time mall dashed by poor
BOSTON—There is one thing denizens of New England’s commercial real estate world can celebrate this holiday season—the clock is about to strike midnight on 2009. “I’m more optimistic about 10 versus nine,” Colliers Meredith & Grew President Kevin C. Phelan tells The Real Reporter
CANTON—On life support for much of 2009, suburban Boston’s South industrial market is showing faint signs of resuscitation in the late stages thanks to an up tick of activity led by deals here and in Hingham. The Canton lease is a six-figure agreement at 135 Will Dr. signed by DP
WEYMOUTH—The lone bright spot for commercial property sales continues to shine in the final weeks of 2009, as two more multifamily communities have changed hands, each in excess of $10 million, while market watchers eagerly await the transfer of a 280-unit luxury apartment comple
FRANKLIN—A 153,000-sf warehouse on 11.5 acres here in suburban Boston’s Interstate 495 South industrial submarket has a new landlord already familiar with the 22-year-old building. Auto parts wholesaler KSI Group, which owns lone tenant Astro Automotive, paid the RREEF Funds $6.5