Andover, MA Newmark has completed the $55.2 million sale of Andover Medical Center, a trophy medical office complex. Newmark co-head of U.S. Capital Markets Robert Griffin, executive managing director Frank Nelson, senior managing director Michael Greeley, director Blake McLaughlin and associate Allie Percoco
Norwood, MA JLL Capital Markets has closed the $7.4 million sale of a 44,406 s/f industrial manufacturing facility at 244 Vanderbilt Ave. LL represented the buyer, Berkeley Partners, which purchased the asset from Arris Partners, LLC.
Beverly, MA Stephen Girolamo of Horvath & Tremblay has arranged the sale of The Cabot Collection, a 77-unit multifamily portfolio. The eight-building portfolio, situated in downtown, sold for $17.6 million, or $228,571 per unit and a 5.9% cap.
Meriden, CT CBRE has completed the $34.8 million sale of Alvista Willow Brook, a 180-unit apartment community. The CBRE team of Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller
In recent years, malls and large retail centers have seen a decline in customers, increased vacancies and a significant loss in value. The pandemic has only exacerbated these negative trends. Last year saw the closure of more than 11,000 retail stores nationwide
Wilmington, MA SEEM Collaborative will relocate its Therapeutic Learning Center from Melrose’s Beebe School to more than 40,000 s/f at 260 Fordham Rd. The Cummings Properties-managed building will also house SEEM Collaborative’s Assessment and Intervention Center.
Scituate, MA Ellis Realty Advisors completed sale of Bound Brook Court. Bound Brook Court is a 21-unit mixed-use property with over 30 parking spaces located directly across from the North Scituate MBTA station.
Quincy, MA New England construction management firm Dellbrook|JKS has begun demolition work on the former Quincy Medical Center at 114 Whitwell St., alongside owner, FoxRock Properties and architect, Arrowstreet.
West Bridgewater, MA Atlantic Properties, a full service commercial real estate firm, completed the sale of 70 Pleasant St. and 264 West Dr., Melbourne, FL. The two-building portfolio was sold on behalf of Chasebay Real Estate Holdings LLC
If we learned one thing in 2020, it’s the importance of strong relationships, regardless of location. Like most lenders celebrating their 39
th year in industry, I’ve had my fair share of adapting to different companies
