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Sidel of EagleBridge Capital arranges $20.7 million debt and equity financing
August 12, 2022
Andover, MA EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $20.7 million for 3 Riverside Dr., an R&D building. The financing was arranged by EagleBridge principal, Ted Sidel. 3 Riverside Dr. is a 93,500 s/f two story R&D building
JLL arranges $585 million construction financing for King Street Properties, Brookfield and Mugar En...
August 12, 2022
Boston, MA JLL’s Capital Markets group arranged $585 million in construction financing for a mixed-use project consisting of 580,905 s/f of life sciences, retail and multi-housing space.
PBC Environmental nears completion of demolition and environmental abatement at former Mercy Hospita...
August 12, 2022
Portland, ME Since March 2022, PBC Environmental (PBCE), demolition and environmental abatement contractor and consultancy, has taken down the ambulatory wing of the former Mercy Hospital at 144 State St., which included the emergency building. To do so, that section needed to be surgically separated from the 1940s historic structure remaining
Claremont celebrates the revitalization of Pleasant St. with a Block Party on Saturday, August 13th
August 5, 2022
Claremont, NH The Pleasant Street Block Party is inviting the local community and beyond to celebrate the revitalization of Pleasant St.and showcase all of the great businesses in the City Center’s Pleasant St./Opera House Sq./Tremont St. area
Nominate someone today for the 2022 Women in Real Estate Spotlight!
August 5, 2022
We are now accepting nominations and reservations for our annual "Women in Commercial Real Estate" spotlight! Being published in our September 30th issue, NEREJ will once again be recognizing the outstanding women from New England's commercial real estate industry and offering our readers key insights on their personal and professional achievements.
Nahigian of Auburndale Realty handles $4.2 million building sale
August 12, 2022
Whitinsville, MA Rob Nahigian, FRICS, CRE, SIOR, MCR of Auburndale Realty Co. completed a corporate real estate sale transaction for Hoskin&Muir, d/b/a HMI-Cardinal of Louisville, KY and its subsidiary Woon-Tech of 369 Douglas Rd.
Paterno promoted to senior associate at Northeast Private Client Group
August 12, 2022
Shelton, CT Northeast Private Client Group (NEPCG) has promoted Robert Paterno to senior associate. He joined the real estate investment sales firm’s Connecticut office in 2018.
Campbell of CRA handles sale of Cover Material Sales Inc. to LBS
August 12, 2022
Hyannis, MA Commercial Realty Advisors (CRA) facilitates the acquisition of Cover Material Sales Inc. to LBS, a manufacturer and distributor of materials for the production of books and luxury packaging. After 44 years at the helm of Cover Material Sales, John Doherty Jr. is retiring.
The Stubblebine Company facilitates $23.75 million sale - purchased by Camber Development and Wheelo...
August 12, 2022
Woburn, MA A joint venture between Camber Development and Wheelock Capital Partners purchased a multi-tenant industrial building at 45 Industrial Pkwy. The 89,442 s/f building sits on 4.58 acres and is located near the junction of I-93 and I-95.
Angel Commercial assists PV Asset Management LLC in $1.3 million purchase of 1.13 acres
August 12, 2022
Stratford, CT According to Angel Commercial, LLC, PV Asset Management LLC has purchased 1.13 acres at 350 Lordship Blvd. for $1.3 million. The seller was Stratford Industrial Corp., and the land was sold unimproved.
Horvath & Tremblay sells four retail properties for $12.3 million
August 12, 2022
Claremont, NH Horvath & Tremblay has completed the sale of four retail properties in New England for a total of $12.3 million. Matt Nadler of Horvath & Tremblay has completed the sale of a Rite Aid in Claremont, N.H. exclusively representing the buyer to close the transaction
Toll Brothers breaks ground on two new 55+ active adult communities in Mass.
August 12, 2022
Tyngsborough, MA Toll Brothers, Inc. held a groundbreaking at two of its latest 55+ luxury home communities, Enclave at Tyngsborough and The Willows at Boxford. Both communities are expected to open for sales in the fall.
Arch Communities and WinnCompanies complete $25.7 million reuse project to transform school building...
August 12, 2022
Southbridge, MA Arch Communities and WinnCompanies celebrated the completion of a $25.7 million adaptive reuse project to transform a 106-year-old historic school building into 62 apartments for seniors ages 55 and older. Congressman Richard Neal, Massachusetts lieutenant governor
MANSARD handles $4.8 million building sale
August 12, 2022
Lowell, MA MANSARD completed the sale of 1703 Middlesex St., on behalf of Croteau-Deschenes Ventures, LLC to the Merrimack Valley Food Bank for $4.8 million. 1703 Middlesex St. is a 40,359 s/f suburban multi-purpose property zoned SMU. The property features 18’ clear, 39’ column spacing
CBRE arranges $77m sale of Hamel Mill Lofts to affiliate of DSF Group
August 12, 2022
Haverhill, MA CBRE has arranged the $77 million sale of Hamel Mill Lofts, a 305-unit historic renovated mill apartment community located at 40 Locke St.
Dacon completes 95,000 s/f warehouse/distribution center for Crate&Barrel and Sterling Movers in N.H...
August 12, 2022
Hudson, NH Dacon has completed a 95,000 s/f expansion of 36 Executive Dr. in response to market demand for warehouse and distribution space along the Massachusetts/New Hampshire border. The property is located near Rtes. 3 and 495 in Sagamore Industrial Park.
North Shore Realty Advisors, Inc. negotiates $13.5m sale of The Beaconsfield Apartments
August 12, 2022
Lynn, MA Dan and Sara Pouladian of North Shore Realty Advisors, Inc. completed the sale of The Beaconsfield Apartments located at 12-16 Newhall St.This 55-unit asset sold for $13.5 million which equates to $245,454 per unit. The unit-mix consists of five studios, 32 one-bedrooms, six one-bedrooms plus den, and 12 two-bedrooms.
Klein and Manning of Marcus & Millichap broker $2.475 million industrial sale
August 12, 2022
Canton, MA Marcus & Millichap completed the sale of 9 Pequot Way, a 12,000 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office.
The Fremont Group sells two properties in Founders Plaza business park to Milton East Hartford Inves...
August 12, 2022
Hartford, CT The Fremont Group (Fremont) has completed the sale of Riverview Sq., a two-tower 325,00 s/f class A office complex and 155 Founders Plaza, a 50,000 s/f signature office building both located in Founders Plaza business park.
Residential Properties Ltd. sells 9 Montgomery St.
August 12, 2022
Pawtucket, RI Residential Properties Ltd. negotiated the sale of 9 Montgomery St. for $890,000. RPL sales associate Paula Morrison represented the buyer as the selling agent.