East Boston, MA
A 15,943 s/f combined key urban re-development site in the city’s Orient Heights neighborhood was sold to the MG2 Group of Quincy for $2.2 million. Boston City Group, Inc.’s Caroline Ligotti, Emily McGranaghan and Linda Redeker, brokers at Coldwell Banker on Boylston St., represented the seller, Robert Katz. Marlborough, MA
Scott Hughes, president of New Dover Associates, Inc. represented the seller, CIL Cedar LLC in the sale of 225 Cedar Hill St. The property sold for $21 million. The buyer, IPG Photonics Corp., was represented by James Stubblebine, vice president of The Stubblebine Co.Medford, MA
Burgess Properties Inc. brokered the sale of 970 Fellsway, for $25 million. The 287,570 s/f facility on 7.85 acres was the long-term home of Medford Self Storage. It features on-site MBTA bus access, visibility on the Fellsway (Rte. 28), and is near I-93. North Haven, CT
Following the completion of a new Baltimore Amazon distribution center in 2018, Industrial Caulk & Seal (ICS) was awarded the 1 million s/f Amazon distribution center in North Haven and completed the facility in March.
Washington Trust’s Commercial Real Estate Group provided $17.4 million in financing to Maplewood Gorham Island, LLC, for the acquisition of a class-A office building on Gorham Island. Originally built in 1986, the three-story, 40,897 s/f building is located on a private island on the Saugatuck River.
There are those in business who relish sophistication in processes and systems but when it comes to marketing, sophisticated ideas will only muddy up your messages. If you have an important idea to convey, remember the KISS rule; keep it simple, stupid. Why? Because your audience wants ease and brevity. Falmouth, MA
According to Commercial Realty Advisors, Inc., Jeff Eklund, vice president in real estate sales, has listed and sold The Inn on the Sound, an oceanfront Cape Cod bed & breakfast located at 313 Grand Ave. Brighton, MA
On behalf of The Skating Club of Boston, CBRE completed the sale of 1240 Soldiers Field Rd. to The Davis Companies for $26.25 million. CBRE’s Mark Reardon and Matt Furey represented the seller and procured the buyer.
According to Dewberry, a privately held professional services firm, Paul White has joined the firm as a senior project manager. White joins Dewberry with more than 30 years of engineering experience. Lynn, MA
Cornerstone Realty Capital recently arranged $3.4 million for the refinance of a 27-unit property. The property features a mix of 6 studios, 17 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom. The four-story building includes hardwood flooring and modern appliances in both the kitchen and bathroom.