WAYLAND—In a major retail trade catching a few observers off guard, Zurich Alternative Asset Management has acquired Wayland Town Center for $68 million from a partnership of KGI Properties and J.P. Morgan Investment Management. Among metropolitan Boston’s largest suburban transactions of its type
PEABODY — Fresh off this past week’s purchase of a threebuilding industrial complex in Wilmington, Novaya Real Estate Ventures reportedly has another northern suburban asset in its sights, that being One First Ave. in Peabody which is being marketed for sale by Cushman & Wakefield on behalf of Para
BOSTON — Charlesgate Realty Group has been retained as exclusive listing agent to market 178 North St. in the city’s historic North End neighborhood, officials for the Boston-based real estate brokerage firm have announced. The nine-unit multifamily property has been family owned and occupied for
BROCKTON—Preparing to expand the firm’s urban retail footprint, Bierbrier Development of Lexington has successfully completed its trade of Montello Plaza, a 64,500-sf Super Stop & Shop and gas station located at the juncture of Routes 28 and 37. The property which serves consumers on Brockton’s nort
WALTHAM—In a blockbuster suburban deal shaking up the normally torpid summer investment sales season, Intercontinental Real Estate Corp. has reaped $104.2 million for a 182,000-sf laboratory and office building located here along Route 128. A partnership of King Street Properties and Carlye Group na
MAYNARD—Barely three months after taking over the iconic Clock Tower Place mill office complex here, a partnership of Artemis Real Estate Partners and Saracen Properties has landed their first major tenant. Stratus Technologies has signed on for 102,325 sf in an agreement negotiated by exclusive lea
BOSTON—Yet another high-profile local investor is grabbing a stake in the rapidly evolving South End neighborhood along Harrison Avenue, with industry sources indicating the Davis Cos. has emerged as winning bidder for the headquarters of Action for Boston Community Development being harvested throu
NORTH READING — Turns out the DTZ Capital Markets team did not have to look very far to find a taker for their exclusive listing at 400 Riverpark Dr., the 144,000-sf office building owned by DivcoWest and Taurus Investment Holdings. That is because the latter group opted to buy out its partner at a
BOSTON—Introductions are apparently not needed for another downtown office building trade involving Synergy Investments, as the same Japanese capital that earlier this year snagged two properties from the homegrown investor has emerged as winning bidder for 2 Oliver St. at a price said to be “just
CHELSEA—A decade or so ago, any institutional investor opting to buy real estate in this thickly settled community on Boston’s northern edge might have been institutionalized, the city with a legacy of corruption and disinvestment having been forced into receivership in its darkest hour. An ambitiou
WALTHAM—The erstwhile BayBanks operations center, a ghost of Boston business past, is being offered up for sale through HFF in what one expert calls “a big-time value-add opportunity” encompassing 303,000 sf. The two connected buildings at 1025 and 1075 Main St. are in a corridor along which Waltham
ANDOVER—Leggat McCall Properties and Long Wharf Real Estate Partners have completed their lucrative loop overhauling two office buildings here at Woodland Park Corporate Center via the $12.9 million sale of 600 Federal St. to Grander Capital Partners listed exclusively through HFF. Financing of $18
ANDOVER—Boston Realty Advisors has completed a large multifamily sale north of Boston in the $19.7 million trade of Casco Crossing at 168 River Rd. The four-building, 96-unit complex was acquired by Jones Street Investment Partners of Hingham and backed by $14.7 million in Leader Bank financing arra