R.W. Holmes leases 11,988 s/f at 320 Norwood Park South

Norwood, MA R.W. Holmes completed a 11,988 s/f lease to Gentex at 320 Norwood Park South. Last year, R.W. Holmes negotiated the purchase of 320 Norwood Park South to Brave Dog Properties, and serves as the exclusive leasing agent for the 40,000 s/f flex building.

The Cleanroom Contracting division of Performance Contracting, Inc. announces New England office opening

Holliston, MA As a national leader in specialty contracting for cleanroom construction for 60 years, The Cleanroom Contracting division of Performance Contracting, Inc. (PCI) has announced the opening of its New England office

Atlantic Retail sells 65 – 75 Mystic Ave

Somerville, MA Atlantic Retail has announced the sale of 65-75 Mystic Ave in Somerville, MA. The 11.5 acre property inclusive of Home Depot is located in the Assembly Square neighborhood which has rapidly densified in the past decade

Everest of Nordlund Associates negotiates $4.6m sale of 226 Andover St. - sold to Andover St Realty Holdings LLC

Wilmington, MA Chris Everest of Nordlund Associates Inc. negotiated the sale of 226 Andover St., a 20,704 s/f industrial / flex building. The property sold for $4.6 million. The buyer was Andover St Realty Holdings LLC and the seller was 226 Andover Street LLC. Nordlund Associates was the sole broker. 

Drinkwater, Richard and Pierce of Marcus & Millichap handle $21.5m sale of Legacy Place Apartments

Lawrence, MA Marcus & Millichap completed the sale of Legacy Place Apartments, a 104-unit apartment property. The asset sold for $21.5 million. Laurie Ann Drinkwater, CCIM, Seth Richard, and Matthew Pierce, investment specialists in Marcus & Millichap’s Boston and Manhattan offices, had the exclusive listing to market the property on behalf of the seller and secured the regional buyer.

Kelleher and Pentore of Horvath & Tremblay broker $7.2 million sale

Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of 13 multifamily units at 81-91 Winter St. for $7.2 million and $553,846 per unit. Kelleher and Pentore exclusively represented the seller, Torrington Winter LLC/Winter KRE LLC. Yun Peng of New Century Realty represented the buyer. 

Hunneman completes sale and full building lease of 530 Turnpike St.

Easton, MA Hunneman completed the sale of 530 Turnpike St. to Rhino Capital Advisors LLC, and the long-term lease of a new construction warehouse facility to Beacon Roofing Supply. Sale details were not disclosed. Hunneman’s executive vice presidents Ned Halloran, Leeanne Rizzo, Ken Oppenheim, and assistant vice president Connor Hayes represented the seller, Easton Golf LLC and procured the buyer, Rhino.

Cummings Foundation presents annual $30 million Grant Program

Boston, MA Summer heralds major growth for 150 greater Boston nonprofits. These community organizations have been awarded substantial multiyear funding through the annual Cummings $30 Million Grant Program. A meaningful percentage of Cummings Foundation’s more than $3 billion in assets is in the form of commercial real estate.

Liddy of Kelleher & Sadowsky arranges $13.5 million
refinancing on behalf of Rabina

Auburn, MA Meghan Liddy, senior vice president of capital markets at Kelleher & Sadowsky Associates has arranged refinancing of the industrial distribution property at 26 Millbury St. in the amount of $13.5 million on behalf of Rabina. 26 Millbury St. is a 210,000 s/f industrial distribution building that is fully occupied by HD Supply Facilities Maintenance, Ltd., a wholly owned subsidiary of The Home Depot. 

Suffolk Technologies closes $110 million inaugural venture capital fund

Boston, MA Suffolk Technologies, an institutional venture capital firm affiliated with Suffolk, has closed its inaugural fund with $110 million in commitments. Suffolk Technologies Fund I (The Fund) will invest in early-to-growth stage companies across construction technology (ConTech) and property technology (PropTech) that are creating solutions for safer