Bridgeport, CT The former Alloy Engineering building located at 304 Seaview Ave. had been sold to an investment company in May of 2023. The building was put on the market as a vacant 27,000 s/f industrial facility, and since that time, three tenants have moved into the building.
Weymouth, MA JLL said that South Coast Dermatology has signed a lease with FoxRock Properties to relocate and expand its practice to a new 17,000 s/f space within FoxRock’s building, located at 97 Libbey Pkwy. The transition is expected to occur in early Q2 of 2024 where they will join other prominent medical providers in the building
Berkley, MA Mott & Chace Sotheby’s International Realty negotiated the sale of 1 Old Farm Rd. for $3.9 million. The sellers were represented by Benjamin Scungio and Cheryl Andreozzi, and the buyers were represented by Christine Dupuis: all of Mott & Chace Sotheby’s International Realty.
Charlton, MA An affiliate of GFI Partners of Boston purchased 221 acres of industrial zoned land at 241 Sturbridge Rd., from Greenhill Realty Trust on October 25, 2023 for $8.3 million. NAI Glickman Kovago & Jacobs principal James Glickman, represented the seller in this transaction.
Springfield, MA Horvath & Tremblay’s Michael Bradley has completed the sale of four multifamily properties, 87 units, in Holyoke and Springfield for a total of $5.74 million. Bradley arranged the sale of a 16-unit apartment building in Springfield. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.375 million.
Bristol, RI Compass sold 120 Ferry Rd. for $1.1 million. Adam Osetek, co-founder of The Modern Collective Group of Compass, represented the buyer. With aesthetic nods to an English estate gatehouse, this brick and shingle cottage features three bedrooms, two and one half bathrooms, oak paneling
Boston, MA Avison Young has secured a new sublease for Stride Funding to help accomodate their business growth. The FinTech company will relocate from their current 3,200 s/f office at 262 Washington St. to a larger space at 10-24 School St. totaling 7,014 s/f. The move will take place in the first quarter of 2024 and marks a substantial expansion for Stride Funding
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.
