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• March 12, 2009
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  Brokers Shine at CBA Awards Night

  March 12, 2009 | Joe Clements

  BOSTON—Despite the dark economic clouds gathered outside, there were plenty of bright lights inside the InterContinental Hotel for last week’s annual Commercial Brokers Association achievement awards dinner. Industry professionals tabbed veteran David A. Martel as Broker of the Y

• March 12, 2009
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  Leominster Industrial Property Fetching $4.5M, Sources Say

  March 12, 2009 | Joe Clements

  LEOMINSTER—This community’s legacy as an industrial hotbed might be a bit faded from the halcyon days of plastic combs and pink flamingos, but the market is still attractive enough to lure one cautious investment group off the sidelines. The Maine-based RAM Cos. is paying a repor

• March 05, 2009
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  JLL Assisting in Sale Effort for Southern Maine Asset

  March 05, 2009

  SOUTH PORTLAND, ME—The owners of a first-class office building here off the Maine Turnpike have turned to the New England investment sales team at Jones Lang LaSalle to market the asset, and are offering 300 Southborough Dr. at a reduced rate in order to hasten a commitment. The

• March 05, 2009
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  New Boston Office Asset Gets Warm Reception

  March 05, 2009 | Joe Clements

  BURLINGTON—A fully leased office/telecom building here is generating substantial interest among investors seeking to acquire the asset from the New Boston Fund, brokers handling the negotiations have acknowledged. “It was very well-received,” Eastdil Secured Managing Director Pet

• March 05, 2009
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  CBRE/NE Hired to Lease 240,000SF

  March 05, 2009 | Joe Clements

  ANDOVER—An icon in the residential arena, materials distributor Brockway-Smith Co. (BROSCO) is making news on the commercial real estate front, opting to lease its main facility here fronting Interstate 93. The regional representative of Andersen Windows and millwork materials ha

• March 05, 2009
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  China Deal: Conference Ctr Goes for $9M

  March 05, 2009 | Joe Clements

  MARLBOROUGH—In the wake of a dalliance with Framingham State College, the owners of a multi-faceted conference center here have sold the elegant 25-acre complex for $9.06 million. The Verizon Learning Center at 280 Locke Dr. was purchased by a Chinese-backed academic organization

• March 05, 2009
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  EIP Going Coastal With $30M-Plus New Hampshire Property Bids

  March 05, 2009 | Joe Clements

  NEEDHAM, MA—Equity might be hard to find in many places these days, but at least one version is cropping up throughout New England—Equity Industrial Partners, that is. After divesting a $516 million pool of properties barely two years ago, the Needham-based operation led by Lewis

• February 26, 2009
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  Dead River, LMP Take Aim at Ames Pond

  February 26, 2009 | Joe Clements

  TEWKSBURY, MA—As was demonstrated in neighboring Lowell 15 years ago last week, auctioning commercial real estate can be an unpredictable endeavor, and no one can say for sure what will happen at March 12th’s gaveling of the Ames Pond Corporate Center, a 157,000-sf office park be

• February 26, 2009
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  Sources Tab GLL for 745 Atlantic Ave. Buy

  February 26, 2009 | Joe Clements

  BOSTON—Providing badly needed vitality to the region’s languid investment sales market, a German real estate fund has reportedly agreed to acquire 745 Atlantic Ave. from another international concern, Australian REIT Macquarie. Sources put the deal in the $350 per sf range, or cl

• 35 United Drive, West Bridgewater MA
  February 26, 2009
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  EIP Seen Acquiring 600,000SF Chadwick’s Headquarters

  February 26, 2009 | Joe Clements

  WEST BRIDGEWATER, MA—In a deal valued at close to $20 million, the longtime home of women’s clothing purveyor Chadwick’s of Boston is under agreement to Equity Industrial Partners, sources have told The Real Reporter. The pending arrangement is headlined by a 15-year, 75,000-sf l

• February 26, 2009
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  Winter of Disconnect Chills CRE Sales Pace

  February 26, 2009 | Joe Clements

  BOSTON—In a season when even the celebrity groundhogs could not agree where winter is headed, it is perhaps fitting there are multiple forecasts as to how long New England’s frozen commercial real estate sales climate will linger in 2009. The icy blast coming from lenders since l

• February 20, 2009
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  Parsons Seen Buying Rockport Facility

  February 20, 2009 | Joe Clements

  LANCASTER, MA—One of the biggest suburban industrial properties in central Massachusetts is about to change hands, with the Rockport Distribution Center reportedly under agreement to Parsons Commercial Group of Framingham. Sources could not provide a pricing estimate for the hulk

• February 20, 2009
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  Friends Try to Right Libraries’ Plight

  February 20, 2009 | Joe Clements

  If any constituency could use a friend or two about now, the region’s public library system would easily qualify. Operations eternally running on fumes are being forced to cope with even less, resulting in reduced materials, hours and programming, and in the harshest cases, face

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