FRANKLIN—BJ’s Wholesale Club is all about buying big, and a 1031 Exchange investor has lived up to that spirit by paying $13.6 million for a 108,500-sf BJ’s here at 100 Corporate Dr. Closing earlier this week, the sale on behalf of National Development was orchestrated by Hollida
WELLESLEY — The namesake Charles River is teeming from record rainfall that inundated the region last month, but River Place is just as fluid on the leasing front thanks to a steady stream of business at the 31,000-sf office building owned by J.F. White Properties. The latest dea
BOSTON—After being mired in this lingering Great Recession, we are all eager to move on and embrace another “R” word. But it’s hard to talk about a recovery if the patient—commercial real estate—is still bleeding. While it’s “good news” that the Boston market may be declining a
BILLERICA—All of a sudden, 90 Salem Rd. has become its own stimulus package for the Route 3 North industrial corridor. Coming off a market-leading lease by PetEdge to close last year, the massive 612,000-sf facility owned by ING Clarion Partners is about to lure another six-figur
BOSTON—Some Newbury Street investors are down, others are out, and a few more are in the process of leaving, but the iconic shopping boulevard’s recent skid is not deterring its biggest backer—a venture between Taurus Investments and UrbanMeritage now forming a fund to buy anothe
SALISBURY—Anthony Triglione, broker with the Kane Co., has recently leased out the final 5,000 sf at 2 Fanaras Dr. in Salisbury to LC Technology Solutions. This lease completes an ongoing marketing assignment between Triglione and the Kane Company and J&B Salisbury Realty after
LYNNFIELD — One of the North Shore’s more striking office buildings has a new exclusive leasing agent in CBRE/New England, as developer Atlantic Tambone retains the real estate services firm to fill an estimated 30,000 sf available in the four-story, 108,000-sf property that sits
BURLINGTON — And the first round winner is: Route 128 North. Capped by a 10-year, 53,500-sf lease at Equity Office’s New England Executive Park, the CRE submarket enjoyed a robust beginning to 2010, as evidenced by fresh data from industry research firms.
BURLINGTON — As one of the region’s only Korean specialty grocers, H Mart at 3 Old Concord Rd. offers delicacies rarely carried by mainstream stores, but for commercial real estate shoppers, there is an ingredient in the 51,000-sf property’s sale Thursday to a New York investor t
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