Front Section

Mass. suburban office will transition during this decade - by Harrison Klein

Kastle Systems tracks key card swipes at office buildings and claims that occupancy is leveling off at 43%. With a statistic like that, it’s understandable to jump to the conclusion that the office building sector is doomed. Fortunately, this statistic is grossly misleading, pre-COVID, occupancy never exceeded 80%. Sick days, business travel and remote work take people out of the office.

Ironworkers Local 7’s Next Committee donates school supplies to teachers, students and families

Boston, MA Ironworkers Local 7, one of Boston’s largest unions, joined with several city councilors and community organizations to donate much-needed school supplies to local students, teachers and families as part of an annual campaign

Synergy Investments acquires Chestnut Place for $10.5 million

Worcester, MA Synergy Investments has acquired Chestnut Place, a 273,304 s/f two-building office complex located in the central business district, for $10.5 million. The transaction includes two buildings – One Chestnut Place and Two Chestnut Place – that are over 80% leased, a 211-car garage

The Stubblebine Company represents M.I.R. Associates
Realty Trust and 450 King Street LLC in $5.3 million sale

Littleton, MA Micah and David Stubblebine, principals of The Stubblebine Company/CORFAC International, represented the sellers, M.I.R. Associates Realty Trust and 450 King Street LLC, in the sale of 410 Great Rd. and 450 King St.

Horvath & Tremblay complete $4.65 million sale of
CVS pharmacy - exclusively represented the seller and procured the buyer

Lynn, MA Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of a CVS pharmacy. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4.65 million.

Wronka, Ltd. Commercial Real Estate Advisors brokers $1.5 million sale

Woburn, MA Wronka, Ltd. Commercial Real Estate Advisors represented the buyer, Emeth Chapel Christian Church

O’Brien of Greater Boston Commercial Properties, Inc. handles $2.85m sale

Southbridge, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. has brokered the sale of 176 Main St., a 25,789 s/f investment property.

Roden wins Dacon Founders Scholarship

Natick, MA Wentworth Institute of Technology has selected Catherine Roden as the 2023 winner of the Dacon Founders Scholarship. Established in the memory of four founding individuals – Dick Kuchinsky, Dennis Leahy, Ron Gagnon and Patricia Canelli – the scholarship

Cresa releases annual Market Insight Reports

Boston, MA Commercial real estate firm Cresa released its annual Market Insight Reports. As the leading provider of tenant-focused real estate services, Cresa provides a unique, unbiased perspective on the state of the market, notable trends, and considerations

SIOR’S Spring 2023 event April 26-29, 2023 Montreal, Quebec, Canada

Join leaders from every facet of industrial and office commercial real estate and across the globe as they come together to share tactical knowledge, hear different perspectives on emerging market trends and form strong relationships that facilitate business deals.