Boston, MA Newmark’s Self Storage Group has completed the sale of a 16-property New England self-storage portfolio on behalf of its client, Michigan-based Storage Pros Management LLC. This transaction represents Newmark’s fourth large portfolio sale with Storage Pros’ industry veterans and leaders, David Levenfeld, Ian Burnstein and John Price.
This is the third article in a series on the circumstances that attach to a civil lawsuit. Earlier articles in the series can be found on Fletcher Tilton’s website under Articles and on the NEREJ website. In order to lay a proper foundation, it seems necessary to take one final detour before diving into the most common causes of action. As we saw in the second installment of this series, based on the principal of respondeat superior, an employee’s single careless act can have dramatic consequences on his employer’s business.
Woburn, MA David, James and Micah Stubblebine, principals, and Ellen Garthoff, senior advisor, of The Stubblebine Co./CORFAC International represented BirchPoint LLC and Lizwob Realty LLC in the $10.4 million sale of 180 New Boston St. The buyer was a joint venture partnership comprised of Oliver Street Capital and Bain Capital Real Estate.
Quincy, MA MassHousing has closed on $28.994 million in affordable housing financing to Wollaston Lutheran Housing, Inc., for the refinancing and extension of affordability for at least 20 years for lower-income senior citizens and residents with disabilities at the 151-unit Town Brook House.
Cambridge, MA According to Boston-based life science developer King Street Properties, (King Street) construction has begun on 101 Cambridgepark, a new class A laboratory building located at 101 Cambridge Park Dr. King Street is partnering with California-based Healthpeak Properties on the $170 million project, which will deliver in the third quarter of 2022.
Londonderry, NH Building 5, one of three multi-unit apartment buildings under construction by North Branch Construction in Phase II at the Wallace Farm Apartment Homes community on Bridle Path Ln., has been issued a certificate of occupancy. Units are currently being rented in the newly completed building.
Hudson, MA Joel Aho, president of Aho Properties LLC, represented ownership in the lease of 6,690 s/f of industrial space to A.B.E. Electrical Installations at 19 Bonazzoli Ave. The property is now fully leased. In a separate off-market transaction, Aho represented RBA Associates LLC in the sale of 2.9 acres of industrial land at 22 Bonazzoli Ave. to Timothy Shannon for $530,000.
Foxborough, MA Atlantic Commercial Real Estate, LLC brokers the $255,000 sale of 14 Perry Dr., Unit B, one of four industrial condominiums located in the Ganawatte Place Business Condominiums Industrial Facility. The facility features ample parking, drive-in bays, loading dock, high stud height, finished office spaces and mezzanine storage.
While drive-thrus and express or pick-up parking spaces for retail, grocery, restaurant and other uses have already been expanding, the COVID-19 pandemic has exponentially increased the demand for both drive-thrus and pick-up spaces. There has been, and will be for the foreseeable future, a large shift of customers wanting to remain in their vehicles when picking up goods rather than going into the store
Boston, MA According to Marcus & Millichap, Alex Quinn has joined the company as an associate. In his new position, he will be responsible for investment sales of middle-market shopping centers throughout New England alongside Jim Koury of Marcus & Millichap’s Institutional Property Advisors (IPA) division.
