Front Section

Nordlund Associates, Inc. negotiates 28,000 s/f lease for New England Biolabs Inc. in Rowley, Mass.

Rowley MA Nordlund Associates, Inc. negotiated the lease of New England Biolabs Inc. for 28,000 s/f at 320 Newburyport Tpke., a single tenanted flex building on Rte. 1. Nordlund represented the tenant, New England Biolabs Inc.

Moynihan of Ellis Realty Advisors completes sale of 7,000 s/f building at 10-12 Dedham St., Newton Mass.

Newton, MA Ellis Realty Advisors completed sale of 10-12 Dedham St. Colin Moynihan, senior partner at Ellis Realty represented both the buyer and seller. The sale price was not disclosed. 

Saenz and Kirkland of Northeast Private Client Grp. broker $7.3m sale

Reading, MA Real Estate investment services firm Northeast Private Client Group has completed the sale of the General Washington Apartments located at 625 Main St. Francis Saenz & Drew Kirkland

Stubblebine Company sells 128,592 s/f building to United Plastics for $4.25m

Leominster, MA David and James Stubblebine, principals of The Stubblebine Co., and Alan Ringuette, senior advisor, sold 75 Jytek Park, a 128,592 s/f manufacturing/warehouse property for $4.25 million. The Stubblebine Co. represented the seller, Jytek Industrial Trust, and directly procured the buyer, United Plastics. 

Harrison Street, The Bulfinch Companies, Inc. and National Real Estate Advisors, LLC handle $720 million sale of Cambridge Discovery Park

Cambridge, MA Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, along with partners The Bulfinch Companies, Inc. (Bulfinch), a Boston based private real estate investment, development and management firm

Colliers advises Vibalogics in 118,000 s/f Life Science deal in Boxborough, MA

Boxborough, MA Colliers International has advised the life science company Vibalogics, in a 118,000 s/f, long-term lease transaction at 1414 Massachusetts Ave. The organization, which specializes in clean virotherapy manufacturing, joined Ampersand Capital Partners’

North Branch receives Building of the Year Award

Hooksett, NH The New Hampshire Chapter of the U.S. Green Building Council presented North Branch Construction with their Building of the Year Award for the NHARNG Field Maintenance Shop at the NH Chapter’s Virtual Annual Meeting on December 3rd.

Converting retail space to distribution spaces - by Leah Rubega & William Squires

The continued decline of big box retailers, particularly in the wake of COVID-19, has left large spaces in malls and shopping plazas vacant. In the wake of the increasing availability of spaces with large footprints, there has been a growing trend towards converting such spaces into warehousing, distribution, e-commerce, light manufacturing (i.e., assembly), and other similar uses.

Review of the market and industry and observations as to where we might be going - by Earle Wason

It appears the current mantra of all my friend’s and clients in the hospitality industry: “ Do everything I can to survive until next May or June and hope that there is serious improvement in the fight against COVID-19 and an economy on the rise.” 

Horvath & Tremblay completes sale of three retail props. for $11.336m

Gray, ME Horvath & Tremblay has completed the sale of three retail properties for $11.336 million. Bob Horvath and Todd Tremblay of Horvath & Tremblay completed the sale of Walgreens in Gray, ME. Horvath & Tremblay exclusively represented the seller to complete this transaction at a sale price of $6.6 million.