Retail shopping center leases often include an exclusive use provision, which prohibits a landlord from renting space in a given shopping center to another tenant that engages in the same type of business as the tenant’s primary use (e.g., a grocery store lease that stipulates that a landlord may not rent space in the same plaza to any other store that sells groceries or produce).
Roxbury, MA MassDevelopment has issued a $14.495 million tax-exempt bond on behalf of Wilshire Westminster LLC, an affiliate of the Urban Edge Housing Corporation, which will use bond proceeds to renovate, furnish, and equip two multifamily rental housing facilities in the Roxbury and Dorchester neighborhoods: Westminster Court and Wilshire Apartments.
Newton, MA During fall of 2018 Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., was invited and spoke at a number of regional commercial real estate events throughout the U.S. as an industry subject matter expert and commercial industry thought-leader.
Billerica, MA Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., completed a counseling assignment on the lease renewal of KinderCare and WF Lacey &Sons, Co. Nahigia represented WF Lacey as the landlord’s real estate advisor in the negotiations of this long-term lease renewal
Cambridge, MA CBRE has secured a $120.2 million loan for the owner of Zinc Apartments, a 392-unit multifamily property. The class A+ LEED Silver certified high-rise community is located at 22 Water St., adjacent to the new Lechmere Station, a light rail station run by the Massachusetts Bay Transportation Authority (MBTA) slated to open in 2021.
Cambridge, MA East Cambridge Savings Bank was named one of the top 100 women-led businesses in Massachusetts by The Commonwealth Institute (TCI), a Boston-based organization that aims to increase the number of women in corporate leadership positions.
Marlborough, MA Newmark Knight Frank (NKF) completed a 40,718 s/f lease to ExaGrid Systems, Inc. at 350 Campus Dr., located within the Campus at Marlborough. NKF executive managing director J.R. McDonald and director Tyler McGrail represented the owner, Hines. ExaGrid signed the long-term lease for its new corporate headquarters.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay completed the sale of a 52-unit portfolio. Kelleher and Pentore exclusively represented the seller, Chiron-Mass LLC and procured the buyer, Maverick Chelsea LLC to close the portfolio at a sale price of $6.956 million.
Middleborough, MA Newmark Knight Frank (NKF) has completed the sale of 19 Leona Dr. and 139 Campanelli Dr. to NorthBridge Partners. The sale...
Concord, MA McLaughlin Investments facilitated the IRC 1031 Exchange sale of 135 Commonwealth Ave., to Anton Realty Trust II, for $2.125 mil...
