Boston, MA Boston Realty Advisors (BRA) represented the owner in the sale of 33-41 West St., a 34,300 s/f pair of office buildings near the State House and Boston Common. An auction of the buildings was conducted in participation with WestTen-X.
Uncasville, CT Worth Avenue Capital (WAC) closed a $900,000 commercial loan to a developer who is purchasing 10+ acres and is planning on building 184 apartment units on the site. The loan is secured by a first mortgage on the property with an underlying LTV of 55%.
Back in 2013 at an industry event in Orlando, FL., the idea was hatched that hotels did not always have to be stick-built on site but rather could be built in a factory, transported to a site, and lowered in place by a crane. At that time, modular home construction was well-established. Modular hotel construction, however, had yet to be done at any scale.
Shelton, CT Northeast Private Client Group (NPCG) has appointed Robert Paterno as vice president of brokerage. In his new role, Paterno will oversee: Strategic planning and communications, agent development, technology and innovation, team incentives and support.
Boston, MA Located along the Rose Kennedy Greenway at the crossroads of the downtown waterfront and the Seaport District, International Place’s cylindrical towers are among the most iconic on the city’s skyline. The Chiofaro Company has made International Place a premier office destination for decades. To further their commitment, Chiofaro has embarked on a $100 million reinvestment and reimagination of the 1.8 million s/f office complex.
Shawmut Design and Construction, a leading $1.3 billion national construction management firm, announced the completion of three restaurants for Garrett Harker: Eastern Standard Kitchen and Drinks
Boston, MA City Realty Group, a community-focused real estate company, has completed its acquisition of 186 Lincoln St., a 73,000 s/f class B office building in downtown for $11 million. Anchored by long-term tenants such as CozyKin, SmartSense by Digi, Full Contact Advertising, and Mightier, the building has been a fixture of the city’s Leather District
Westford, MA Avison Young has arranged a 10-year lease to support the relocation of BTU International to a 57,000 s/f mixed-use facility at 10 Lyberty Way, formerly the headquarters for Puma. The relocation aims to reduce the manufacturer’s footprint for a more agile operation.
Worcester, MA Nicoma LLC has sold its 6,000 s/f automotive facility at 79 May St. to Cataldo Ambulance Service. The buyer intends to utilize the property for ambulance and various emergency response services.
Ayer, MA Fieldstone Commercial Properties, Inc. has completed the leasing of 107,500 s/f of prime warehouse space at 11 Westford Rd. This lease-up involved two tenants, with Columbia Group Realty representing one and Fieldstone Commercial Properties procuring the other.
