News: Owners Developers & Managers

Cronin of Lincoln Prop. handles 2 transactions totaling 21,200 s/f

TeleGlass National, a division of JN Phillips Auto Glass and a leader in the auto glass repair and replacement industry, has purchased a 18,500 s/f office/flex building located at 18 Terry Ave. Vice president Rob Cronin of Lincoln Property Co. represented the buyer in the market search and sale transaction, and Sam Oddo of Oddo Inc. represented the seller. TeleGlass National is expected to use half of 18 Terry Ave. as its corporate headquarters and will lease the balance of the space. Lincoln Property Co. will be marketing the available flex space. ServicePoint USA, a leader in the document printing and information management industry, has leased 27,000 s/f of flex/office space at 5 Commonwealth Ave. in Woburn. Cronin represented the landlord, CHK Realty Trust, and procured the tenant. ServicePoint USA, a subsidiary of Spanish firm, Service Point Solutions, will begin its 7-year tenancy in the second quarter of '09.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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