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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

Longpoint and Brookfield recapitalize national logistics portfolio through newly formed venture

Boston, MA Longpoint Partners, a real estate investment company, completed the closing of its joint venture with Brookfield through its Real Estate Secondaries business. The joint venture has recapitalized a $700 million,

Klein of Marcus & Millichap handles $5m sale of 45,634 s/f building

Worcester, MA Marcus & Millichap completed the sale of 180-184 Main St., a 45,634 s/f office property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $5 million.

Hughes of New Dover Associates, Inc. and Gordon Real Estate Corp. handle $1.625 million sale of 929 Worcester Rd.

Framingham, MA Scott Hughes, president of New Dover Associates, Inc. and James Gordon, president, Peter Gordon, senior vice president, and Jonathan Gordon, senior associate of Gordon Real Estate Corp.

Chozick and Pappas of Chozick Realty close $1.05 million sale

Hartford, CT Steve Pappas and Rick Chozick of Chozick Realty have marketed and closed on 19-33 Main St. in downtown for a price of $1.05 million. This 20,000 s/f office building is located on the southern edge of the downtown Hartford CBD

Mott & Chace Sotheby sells 12 acres for $1.2 million in Tiverton, RI

Tiverton, RI Mott & Chace Sotheby’s International Realty completed the sale of 0 High Hill Rd. for $1.2 million. The property, comprised of twelve acres and two approved buildable lots, offers water views.