Front Section

Leisure markets save the day for the hotel industry - by James O'Connell

The leisure transient and leisure group segments saved our hospitality industry from disaster this summer. After a historically tough twelve months, families hit the road and gave hoteliers the boost that they needed!

Atlantic Commercial handles $1.725m sale and 2,525 s/f lease

Attleboro, MA Atlantic Commercial Real Estate, LLC brokered the $1.725 million sale of 676 Pleasant St., a 14,390 s/f industrial building used for automotive repair. The facility features high bay warehouse space

Wason Associates negotiates the sale of The Sunapee Lake Lodge to Lark Hotels

Newbury, NH Wason Associates Hospitality Real Estate Brokerage Group has completed the sale of the Sunapee Lake Lodge to Lark Hotels, an Amesbury, Mass.-based developer, and operator.

Benton of Horvath & Tremblay brokers $3.91m sale of two properties - 602-604 Cambridge St. sold for $2.25m and 9-11 Holton St. closed for $1.66m

Allston, MA Ryan Benton of Horvath & Tremblay has completed the sale of two apartment buildings for $3.91 million. 602-604 Cambridge St. sold for $2.25 million and $562,500 per unit and 9-11 Holton St. closed for $1.66 million

Arrowpoint Properties sells 12-unit property for $2.01m - located at 120 Howard St. in Lawrence, MA

Lawrence, MA Arrowpoint Properties has sold 120 Howard St. The property was purchased in 2017 for $950,000 and was sold off-market to a local owner for $2.01 million ($167,500 per unit).

Combined Properties, Inc. signs Miele Inc. to new 6,163 s/f lease

Peabody, MA According to Combined Properties, Inc., Miele, Inc. has signed a 6,163 s/f lease at Two Corporation Way, a first-class office building in Centennial Park.

Dennett of Elite Group at KW Commercial brokers $835,000 sale for buyer, Centro Las Americas Inc.

Worcester, MA Scott Dennett of the Elite Group at KW Commercial has completed the $835,000 sale of 7 Sycamore St. Elite Group acted on behalf of the buyer, Centro Las Americas Inc.

Newmark completes sale of 1 Van de Graaff Dr. Burlington, MA

Burlington, MA Newmark completed the sale of 1 Van de Graaff Dr., a class A suburban office asset. Newmark co-head of U.S. Capital Markets Robert Griffin, vice chairman Edward Maher, executive managing director Matthew Pullen and managing director Samantha Hallowell

Delaney and Coakley of Cresa assist Vor Biopharma in lease expansion - Newmark represented the landlord, Longfellow Real Estate Partners

Cambridge, MA The Boston office of Cresa has negotiated a lease at 100 Cambridge Park Dr. for Vor Biopharma, a cell and genome engineering company pioneering engineered hematopoietic stem cell (eHSC) therapies combined with targeted therapies

The Davis Companies hires Mitchell as director of HR and DEI initiatives

Boston, MA According to the Davis Companies (TDC), Tanya Mitchell has joined the firm as director of human resources and DEI initiatives. In addition to her HR duties, she will play a leading role in advancing the firm’s environmental, social, and governance (ESG) agenda.