Cambridge, MA SVN | Parsons Commercial Group | Boston has completed the $2.9 million sale of 136 Appleton St., also known as The Sabbatical House.
The demand from investors was extremely strong for an asset of this caliber. Senior commercial real estate advisors, Marci Alvarado, Marilyn Santiago and Jake Parsons of SVN | Parsons represented the seller, Diane Cotman. The buyers were Scott Root and Cocoa Cailer, and were represented by Coldwell Banker, Cambridge.
Framingham, MA The city of Framingham has granted an exclusive two-year license to bicycle share provider Zagster, setting the stage to begin operation of its “Pace” service in the spring. Pace is a new, modern bike share service for cities and colleges powered by Zagster. Pace will begin a pilot project with at least 50 bikes across the city and scale up to match rider demand.
Waltham, MA Hobbs Brook Management LLC has negotiated 18 new leases across its office parks in Mass., R.I., GA and Ill. Newly signed tenants represent 169,170 s/f of leased space, and the renewed tenants collectively occupy over 61,352 s/f. Below are a few of the new leases and renewals that include 90,101 s/f of space.
Manchester-By-The-Sea, MA According to Wild Apple Homes, a general contractor building quality custom homes throughout Boston’s North Shore, Jay Somers has joined the company as project manager. Somers will be responsible for all phases of project management, including budget and financing, personnel, and compliance.
Cambridge, MA MassDevelopment has issued a $2 million tax-exempt bond on behalf of the International School of Boston Inc. (ISB), a bilingual French-American school serving students in preschool through 12th grade located at 45 Matignon Rd. The school will use bond proceeds to upgrade and equip its campus, including making improvements to classroom and lab space, the
Foxborough, MA Thirty-two second-grade students at the Foxborough Regional Charter School recently received early Christmas gifts – brand-new bicycles and helmets, courtesy of building contractor Suffolk, which were presented during a ceremony in the school gymnasium.
Boston, MA Newmark Knight Frank (NKF) has completed the $455 million all cash sale of 121 Seaport in the Seaport District, to a joint venture between American Realty Advisors and Norges Bank Real Estate Management. On behalf of Skanska, vice chairman Edward Maher, executive managing director Matthew Pullen and managing director James Tribble of NKF’s Boston Capital Markets team oversaw the transaction of the newly-constructed, 17-story, 400,342 s/f office tower.
Year’s end, and what a year it was. Taking a breather over retail happenings is really not possible these days as the retail world is still eternally trying to find the “new norm.” Regardless of whether or not there is or will ever be a new norm, there is constant conversation, alarming headlines, attempts at analysis, and reams of data on retail.
Somerville, MA Bernard Gibbons of ABG Commercial Realty brokered the sale of 111-153 South St. for $13.5 million. The property was purchased by DLJ Real Estate Capital Partners from JJ Vacaro, Inc.
111-153 South St. is a 3.44 acre development site in the Boynton Yards area of the city, located south of Union Sq. and its new MBTA Green Line Extension Station.
Hudson, MA Tyler DeWolfe, senior vice president at Greater Boston Commercial Properties, Inc. represented the owner, 577 Main Street, LLC, in leasing 26,947 s/f to six different tenants at 577 Main St. These tenants include: