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 storeBoston, 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.
strong>Bedford, NH TFMoran welcomed Jacob Pouliot, PE to the company as a structural engineer. Pouliot is a licensed professional engineer in the state of New Hampshire. He brings eight years of experience in the structural design and inspection of commercial and residential projects in New Hampshire and neighboring states.Woburn, MA
Healthcare logistics specialist Biocair has relocated its Boston office to 30 Tower Office Park, a Cummings Properties-managed building. The 8,639 s/f facility will serve as office and warehouse space for the company’s Massachusetts operation. This move was prompted by demolition at 56 Roland St. in Boston, where the organization was previously located.