Category: Massachusetts

Boston, MA MassDevelopment, Nuveen Green Capital, and Millennium Partners have finalized $281 million in private financing for the Millennium Residences at Winthrop Center in downtown under the state’s Property Assessed Clean Energy (PACE) Massachusetts program. This project represents the largest commercial PACE financing to date in New England.

Northborough, MA According to Maugel DeStefano Architects, design is underway for the restoration of the historic White Cliffs Mansion. Developed by Brookfield, CT-based Elegant Banquets, the mansion was originally constructed in 1886 as the summer estate of industrialist Daniel B. Wesson.

Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.

Rockland, MA Marcus & Millichap completed the sale of Pleasant Storage, a 231-unit self-storage property. Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, in association with Thomas Shihadeh, Marcus & Millichap’s Massachusetts broker of record

Fitchburg, MA Joel Aho, president of Aho Properties, LLC, represented Fitchburg Land Property Owner, LLC in purchasing a 22.21 acre industrial land site

Boston, MA Studio G Architects has promoted Marylee Mercy to principal, hired multi-family housing renovation and rehabilitation expert Mike Chavez as associate and several additional staff promotions.

Burlington, MA Rockland Trust has expanded its Corporate Banking team within the Commercial Banking division with the addition of Sep Salimi as senior vice president, commercial banking officer. Salimi will deliver customized lending, treasury management, and other financial solutions to middle market organizations throughout New England.

Westborough, MA Nishan Papazian of Greater Boston Commercial Properties Inc. was the sole broker in the sale of a 2.14-acre commercial land parcel located at 196-198 Turnpike Rd., for $2 million.

Oak Bluffs, MA Project REAP (Real Estate Associate Program), the nation’s oldest and largest commercial real estate career accelerator, brought over 150 REAP alumni, industry leaders, investors, developers, and public officials to Martha’s Vineyard for the inaugural REAP on the Vineyard

Woburn, MA National autism therapy provider Applied ABC is expanding into Massachusetts with a new behavioral therapy center on Gill St.

South Boston, MA Breakthrough Properties, a premier global life science real estate developer, has finalized the sale of its 232 A St. development site to P&G Gillette, following Gillette’s previously announced plans to establish its new Grooming Headquarters and Technical Innovation Center at the site.

Braintree, MA According to The Peabody Companies, a group of award-winning property management and real estate firms now celebrating its 50th anniversary, two assistant property managers have achieved Certified Professional of Occupancy (CPO) designation through the National Affordable Housing Management Association (NAHMA) and another has earned Specialist in Housing Credit Management (SHCM) designation, also from NAHMA.