New England Real Estate Journal

March

December 24, 2008 - Spotlight Content
KBS R.E. Inv. Trust acquires Rivertech Park, Billerica, from New Boston Fund, 285.772 s/f, for $45.2 million Cook of Cummings Properties signs three leases, 167,500 s/f, at its Trade Center 128's new 550,000 s/f office building in Waltham Lawrence of Colliers Meredith & Grew handles Colonial System's 57,600 s/f lease with NAI Hunneman for RREEF in Wilmington Hyatt Regency Boston, 450,000 s/f 500 room hotel earns EPA's Energy Star for superior energy performance Landmark Structures completes 3.2 million 15 unit condominium in Salem, Mass.; Eisenberg project mgr., DeLisio superintendent Sydney Associates plans $7 million 19,400 s/f renovation of retail at Fresh Pond Parkway in Cambridge White of CB Richard Ellis/New England sells 326,000 s/f office/industrial building in Dover, N.H. to Summit Land Dev. for $4.675m Jones Lang LaSalle negotiates $21.3m sale of 103,973 s/f offices in Burlington for New Boston Fund to ELV Associates Rohrer & Overdeput of Grubb & Ellis/Coldstream R.E. handle 45,000 s/f $1.35m sale for Smith Properties in Jaffrey, N.H. Marcus & Millichap's Siegel, Richard and Drinkwater arrange $5.15 million sale of 42,210 s/f for Red Pants to 502 East 81st St. owners EagleBridge Capital arranges $40.58m mortgage financing for 38 Residences at Point Breeze on Nantucket Island Mikula & Klein of Holliday Fenoglio Fowler arrange $129.42 million for Hampshire Ptrs. Fund VI's 14 properties in N.J. and Conn. Goedecke & Co. secures $10 million for 48,799 s/f One Davis Sq., Somerville, office/retail site owned by Krisko Development Allstate R.E. Inv. Group provides $52 million for Forest City Enterprises' University Park at MIT; 169,220 s/f office/retail site Paul Herrick Group of Keller Williams sells out Windover Dev.'s $11.3 million 48,000 s/f residential/commercial building in Beverly Chozick Realty brokers $2.84 million sale of four New Haven buildings with 43 apartments to Yale Buildings LLC K&G Associates sells 111 unit Pelham Place, Methuen, with Yannois R.E. for $8.62 million in 1031 exchange Dunne of CBRE arranges $100m recapitalization of 377,123 s/f Milford Crossing; Parker Green & Willett Cos. acquire 75% Stewart and Morris of Cronheim Mortgage arrange $9.975m loan for 93,068 s/f SoNo Square in Norwalk, Conn. Yale of Sperry Van Ness/ComVest Realty brokers $2 million 12,500 s/f office building in Westborough to Stowe & Degon Investments New Dover's Bradley, Scott and John Hughes complete $2.075 million sale of 14,845 s/f of office building in Acton, Mass. Trinity Financial constructs $50m 116 unit Carruth Apts. In Dorchester with 10,000 s/f of retail space Zafris of Ralph Leonard Assoc. facilitates $7m sale of 47 office condos, 56,944 s/f, to Castagna R.E. for Conifer Hill Aron of NAI Hunneman brokers sale of three CVS Pharmacies in Brockton, Hyannis, Marstons Mills for $9.2 million Charter Realty & Dev. acquires 91,000 s/f Westgate S.C. in Portland for $9 million; Shaw's, CVS, Advance Auto anchors Cathartes Private Investment to earn silver LEED for 170,000 s/f office, 28 residences and retail in Portland Danis Properties revitalizes 250,000 s/f 128 Marketplace in Reading; project team includes Cubellis, Hayes Eng. and Hancock Engineering New England Retail Properties handles 5,071 s/f lease for Better Bedding at Tractor Supply Center in Putnam, Conn.