Danvers, MA Chris Everest, president of Nordlund Associates, Inc. and Chris Decembrele of JLL negotiated the sale of 1 Industrial Dr., a 46,547 s/f multi-tenanted flex building on Rt. 1 for $5.8 million.
Waltham, MA The Davis Companies has secured new leases totaling 75,118 s/f between two of its premier Boston-area office properties: Cityside in Waltham and One Cabot Rd. in Medford. At Cityside, longtime tenant Bank of America is leasing an additional 23,330 s/f of expansion space, bringing its total occupancy at the property to 118,222 s/f.
Woburn, MA Full-service commercial real estate firm Cummings Properties has appointed John Halsey as its leasing manager. Halsey will oversee the company’s business development efforts across 10 of the 11 suburban communities in which it operates.
Wilmington, MA JLL Capital Markets has closed the $44.25 million sale of a four-property flex/industrial portfolio totaling 156,276 s/f in Wilmington and Methuen. The portfolio also includes a fully entitled development site supporting up to 235,040 s/f of new construction.<
Wilmington, MA According to CBRE, BentallGreenOak (BGO) has acquired a nine-building, 700,000 s/f industrial portfolio in Mass. and N.H. A CBRE team led by Chris Skeffington and Scott Dragos represented the seller, Novaya Real Estate Ventures,
Billerica, MA The Stubblebine Company negotiated the sale of six industrial buildings in six different transactions: 13 Sterling Rd. (38,900 s/f); 3 Esquire Rd. (15,744 s/f); 11 Republic Rd. (3,800 s/f); 2 Republic Rd. (6,000 s/f); 0 Republic Rd. (1 acre land site); and 9 Sterling Rd. (6,000 s/f) for an aggregate total of $11.935 million.
Holliston, MA Wayne J. Griffin Electric, Inc. (Griffin Electric) held a breakfast graduation celebration for twelve of its employees, who finished their final classes and completed the requirements in December for their associate of Applied Science in Engineering Technology
Boston, MA IQHQ, Inc., a premier life sciences real estate development company and local co-developer Meredith Management, began construction on the $1 billion Fenway Center development, a life science campus that will anchor a growing life science district between Kenmore Sq. and the Longwood Medical and Academic Area.
Haverhill, MA Dacon Corp. is creating a 121,800 s/f new facility for Edwards Vacuum, a developer and manufacturer of sophisticated vacuum products, exhaust management systems and related services.
Consider this not too unfamiliar scenario in the age of COVID-19: Five years ago B.C. (Before COVID), the tenant, a limited liability company, signed a 10-year lease. By all accounts, both parties to the lease not only expected the tenant to crush it through the initial term
