Front Section

West Suburban YMCA purchases Wells Ave. property to create second branch

Newton, MA The West Suburban YMCA completed a major expansion of its commitment to the community through the opening of a second Y branch that will provide current and future members with additional recreational facilities and opportunities for youth development, healthy living and social responsibility.

LAN-TEL receives recognition at NECA’s Nashville Conference

Norwood, MA It was an exciting time for LAN-TEL at NECA’s Nashville Conference this year. LAN-TEL was awarded the Project in Excellence Award for their work with the city of Lawrence, completing the Safe City Integrated Video Surveillance Project. To address crime in the area, the city of Lawrence and Lawrence Police Department

Wise Construction promotes three to SVP level and hires safety officer

Boston, MA Wise Construction has promoted three individuals to the senior vice president level: Alexander Main, Eric Libby and Jason Hartford. The firm has achieved tremendous growth with revenue climbing 25% in 2021. The promotion of these individuals cements their role as senior leaders responsible for continuing the firm’s strong growth trajectory.

Foster and Sigfridson of The Boulos Company rep. Vital Delivery Solutions in 11,040 s/f lease

Scarborough, ME Williston, Vermont-based Vital Delivery Solutions (VDS) has found a new home in Maine at 107 Pleasant Hill Rd. The 11,040 s/f building includes both warehouse and office space. VDS was represented by Cameron Foster and Drew Sigfridson

Horvath & Tremblay sells four retail properties in New England for $8.792 million

Naples, ME Horvath & Tremblay has completed the sale of four retail properties in New England for a total of $8,792,705. Kyle Danielson, Luke Thomson, Dan Bernardini, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of Family Dolla

Spencer Technologies sells 120,000 s/f building to Lincoln Property Co. for $21.7 million - JLL marketed the property on behalf of the seller

Medway, MA JLL Capital Markets has closed the $21.7 million sale-leaseback and arranged $14.5 million in acquisition financing for a 120,000 s/f industrial warehouse and office building at 10 Trotter Dr.

Colliers facilitates 81,293 s/f flex sublease
on behalf of Tegra Medical at 9 Forge Pkwy. in Franklin, MA

Franklin, MA Colliers has secured an 81,293 s/f sublease on behalf of Tegra Medical, a leading medical device contract manufacturer, at 9 Forge Pkwy.

O’Brien of Greater Boston Commercial Properties, Inc. facilitates $9.6 million sale

Franklin, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. (GBCP) brokered the sale of 10 Liberty Way, a 55,023 s/f manufacturing building.

Franchisee terminations of hotel franchise agreements - by Bowman and Wang

While many franchisor/franchisee relationships start with good intentions, a wise franchisee should hope for the best, but be prepared for the worst. Given that many hotel franchise agreements may continue for 20 years or more, this means preparing an “exit plan”

MassDevelopment issues $53.55m bond for Washington Pine LLC

Boston, MA MassDevelopment has issued a $53.55 million tax-exempt bond on behalf of Washington Pine LLC, an affiliate of The Community Builders, Inc. (TCB) and Pine Street Inn, which will use bond proceeds to construct a five-story, 144,000 s/f mixed-use building