Medical office is in the news right now. Steward Health Care, which owns nine hospitals in New England, is in bankruptcy. Lifespan and Care New England in Rhode Island lost over $100 million in 2022. Prospect Medical in Connecticut owes the state $67 million. It appears that the privatization of hospitals was an ill-conceived idea.
Devens, MA King Street Properties (King Street) has completed the closing of a construction loan for 75 Jackson Rd., part of King Street’s 45-acre, 700,000 s/f Pathway Devens campus, a premier location for advanced manufacturing. Once completed, 75 Jackson Rd. will add 210,000 s/f of advanced manufacturing space
Boston, MA Ligris + Associates PC, a boutique law firm specializing in commercial and residential real estate transactions, has acquired Hill & Plakias P.C, a Dedham, MA-based law firm serving business, institutional and individual clients in the areas of real estate, lender representation, and business transactions.
Lexington, MA On May 29, 2024, Nikon held a ribbon-cutting ceremony to commemorate the opening of their BioImaging Lab, located at Greatland Realty Partners’ Lexington Labs Complex, constructed by BW Kennedy & Co. and designed by Vivo Architecture.
Worcester, MA Shawmut Design and Construction, a $1.6 billion national construction management firm, ARC/Architectural Resources Cambridge, and ZGF Architects joined UMass Chan Medical School, The University of Massachusetts Building Authority
Peabody, MA Tishman Speyer and Mitsui Fudosan America, Inc. (MFA) acquired a 60-acre, fully-entitled development site from Analogic Corp. at 8 Centennial Dr. The site consists of a 515,000 s/f office and manufacturing facility that has served as Analogic’s headquarters for over 40 years.
Portsmouth, NH Chinburg Development, LLC purchased 40 Pleasant St. from Allison Street Holdings, LLC. The 24,237 s/f building sold for $5.45 million in a transaction arranged by Kent White and Caitlin Burke of The Boulos Company.
Chelsea, MA North Shore Realty Advisors Inc. negotiated the $5 million sale of 32 Annese Rd. The 1970s brick garden-style apartment building consists of 16 apartments with 18 off-street parking spaces. 32 Annese has 14,880 rentable s/f and 15,480 gross s/f and offers laundry facilities on-site
Waltham, MA Welch’s, a leader in the fruit-based food and beverage industry, will be relocating to Reservoir Place from Concord in 2025. Having a headquarters presence in Concord for the last 40 years, Welch’s worked with Cushman & Wakefield to identify office spaces
Portsmouth, RI Lila Delman Compass negotiated the sale of 271 Carnegie Harbor Dr. for $4.15 million. Eric Kirton of Lila Delman Compass’ Newport office, represented the buyer in this transaction.
