WEST BRIDGEWATER—The just-completed $23 million sale/leaseback of apparel retailer Chadwick’s headquarters at 35 United Dr. was sparked by a private equity firm’s financial engineering, but some experts predict the approach will gain favor as companies try to survive the dour eco
LYNNFIELD—Consider it a type of layaway—for an entire retail revolution. Despite blessings by most target communities, and resilient results at the handful that do exist, lifestyle centers are fighting fresh obstacles in their quest to become part of the New England shopping lan
BEDFORD—Two major players in their respective fields have given the Route 3 office corridor a welcomed boost, as corporate conglomerate Covidien has leased all of 15 Crosby Dr. from the RREEF Funds. The commitment on the two-story, 70,000-sf building is for 10 years, confirms the
BILLERICA—Yet another suburban landlord has managed to hold onto a key tenant, as American Power Conversion (APC) has renewed for 75,000 sf at 85 Rangeway Rd. The firm, which is downsizing from 100,000 sf, will continue to occupy all of one property and half of another at Forest
HAMPTON, NH—The former headquarters of Fisher Scientific Corp. has found a buyer following that firm’s merger with Thermo Electron that made the distinctive 26-acre corporate campus expendable. Cushman & Wakefield’s New Hampshire office negotiated the $3.5 million sale of One Lib
BOSTON—With a mission to rebuild challenged communities, they are used to sticking things out for the long haul, and the Metropolitan Area Planning Council is doing exactly that here in the Hub’s beleaguered Downtown Crossing. MAPC has renewed its lease and expanded to 12,000 sf
NEEDHAM—Parametric Technologies Corp., one of Boston Properties’ biggest tenants, is searching for a new global headquarters in suburban Boston, reportedly hiring DTZ FHO Partners to identify alternatives to the software company’s current home at 140 Kendrick St. PTC is seeking b
BOSTON—Stitching investment sales together has never been more challenging in the new millennium, but it appears that one closely watched deal is nearing a favorable conclusion. Industry sources are claiming that German suitor GLL Real Estate Investors has been tabbed to buy One
AYER—Spring is slowly, but finally, returning to this mid-Massachusetts community, and so is the leasing velocity in one of New England’s emerging industrial centers. A pair of buildings on Route 2A have secured commitments by three firms, including two who will share 7,200 sf at
WALTHAM—Down economies can be brutal on fringe office districts, but the current recession is even fraying core fundamentals, as evidenced by Q1 data showing the Central Route 128 submarket roiled by rising vacancies, fresh sublease options and rent growth in reverse, eroding the
MERRIMACK, NH—Retail real estate might be on its heels, and land investments have been entirely knocked off their feet, but a planned outlet mall here is standing tall as the owners prepare to complete their purchase of 170 acres for $17 million. According to sources, Chelsea Pro
PROVIDENCE, RI—Jeffrey J. Miller and James H. Patterson II have spent much of the decade buying $600 million of US real estate for Australian investors, but their latest client base is down under in a different way. Forecasting an onslaught of distressed assets, the founders of B
It is déjà vu all over again for the retail brokerage team at Cushman & Wakefield, which for the second time in as many weeks has tendered the sale of a prime retail center in Enfield, Connecticut, on behalf of Centro Property Group. Having just harvested Centro’s 122,000-sf Stop