Front Section
Alvarado of SVN | Parsons Commercial Group completes
$1.7 million office/medical building sale
Waltham, MA SVN | Parsons Commercial Group | Boston has completed the sale of an 8,500 s/f office/medical building on approximately one third of an acre at 42 Weston St. to A-Trac Computer Sales & Services for $1.7 million. Senior advisor, Marci Alvarado of SVN | Parsons Commercial Group | Boston represented the seller, Research Realty, LLC. Jordan Berns and Tyler Capecci of 128 CRE represented the buyer, A-Trac Computer Sales & Services, in the transaction.
BECMA awards $10,000 to KB-MAC for electric vehicle kickstarter program
Boston, MA The Black Economic Council of Massachusetts (BECMA) awarded $10,000 as a part of its electric vehicle (EV) kickstarter program to KB-MAC, a Dorchester-based electric contractor born from a partnership with the International Brotherhood of Electrical Workers (IBEW) Local 103 and National Electrical Contractors Association (NECA) to bring greater diversity, equity, and inclusion to Boston’s union construction industry.
Nohrden of Burgess Properties brokers $2.4m sale of 12,494 s/f industrial building
Malden, MA Burgess Properties, LLC has brokered the sale of 1130 Eastern Ave. for $2.4 million. The 12,494 s/f building on 0.44 acres had been used as a recycling facility for years prior to sale. The visible property is on Rte. 60 near MBTA bus. 1130 Eastern Ave. LLC, a subsidiary of Malden-based United Properties purchased the property.
WAC exits $2.35m mezzanine debt with sale of luxury home
Greenwich, CT Worth Avenue Capital, LLC has exited $2.35 million in mezzanine debt in a transaction. WAC’s sponsor was a luxury home builder who has built numerous homes in desirable neighborhoods and has been a “blue chip” customer of WAC for the last several years as a repeat borrower.
North Easton Savings Bank hires McGilvray as business development officer
Plymouth, MA North Easton Savings Bank has hired Carol McGilvray as business development officer for the Plymouth area. McGilvray has served 18 years with Plymouth Area Community Television. Her experience engaging with the local area will aid in the bank’s current expansion throughout the South Shore.
Gilkie of R.W. Holmes negotiates
17,801 s/f lease for 9 Centennial Drive
Peabody, MA R.W. Holmes has negotiated a lease for 17,801 s/f of office space at 9 Centennial Dr. David Gilkie, senior vice president at R.W. Holmes, represented the property owner, B&H Peabody Property, LLC, and procured Regus-IWG as a tenant. Located in Centennial Park, 9 Centennial Dr. is 74,801 s/f of office, lab, and R&D space.
The Bulfinch Companies and the Boston Women’s Workforce Council begin partnership
Boston, MA The Bulfinch Companies, Inc. has begun a new partnership with the Boston Women’s Workforce Council (BWWC), committing to eliminating the gender/racial wage gaps. Bulfinch has signed BWWC’s 100% Talent Compact, a pledge to help remove visible and invisible barriers to women’s advancement.
Manufacturing excellence - by Lynn Tokarczyk and Kathie Mahoney
The manufacturing industry plays an essential role in Massachusetts’ economy but faces several issues that prevent uninhibited growth. The pandemic led many manufacturing employees to pursue alternate paths. Some found virtual positions, others sought new careers, and many left the workforce completely to care for children whose daycares had closed due to pandemic restrictions, all of which left notable gaps on the production floor.
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