Category: Owners Developers & Managers

Berkley, MA Mott & Chace Sotheby’s International Realty negotiated the sale of 1 Old Farm Rd. for $3.9 million. The sellers were represented by Benjamin Scungio and Cheryl Andreozzi, and the buyers were represented by Christine Dupuis: all of Mott & Chace Sotheby’s International Realty.

Charlton, MA An affiliate of GFI Partners of Boston purchased 221 acres of industrial zoned land at 241 Sturbridge Rd., from Greenhill Realty Trust on October 25, 2023 for $8.3 million. NAI Glickman Kovago & Jacobs principal James Glickman, represented the seller in this transaction.

Springfield, MA Horvath & Tremblay’s Michael Bradley has completed the sale of four multifamily properties, 87 units, in Holyoke and Springfield for a total of $5.74 million. Bradley arranged the sale of a 16-unit apartment building in Springfield. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.375 million.

Bristol, RI Compass sold 120 Ferry Rd. for $1.1 million. Adam Osetek, co-founder of The Modern Collective Group of Compass, represented the buyer. With aesthetic nods to an English estate gatehouse, this brick and shingle cottage features three bedrooms, two and one half bathrooms, oak paneling

Boston, MA Avison Young has secured a new sublease for Stride Funding to help accomodate their business growth. The FinTech company will relocate from their current 3,200 s/f office at 262 Washington St. to a larger space at 10-24 School St. totaling 7,014 s/f. The move will take place in the first quarter of 2024 and marks a substantial expansion for Stride Funding

Boston, MA Boston Realty Advisors (BRA) represented the owner in the sale of 33-41 West St., a 34,300 s/f pair of office buildings near the State House and Boston Common. An auction of the buildings was conducted in participation with WestTen-X.

Uncasville, CT Worth Avenue Capital (WAC) closed a $900,000 commercial loan to a developer who is purchasing 10+ acres and is planning on building 184 apartment units on the site. The loan is secured by a first mortgage on the property with an underlying LTV of 55%.

Back in 2013 at an industry event in Orlando, FL., the idea was hatched that hotels did not always have to be stick-built on site but rather could be built in a factory, transported to a site, and lowered in place by a crane. At that time, modular home construction was well-established. Modular hotel construction, however, had yet to be done at any scale.

Shelton, CT Northeast Private Client Group (NPCG) has appointed Robert Paterno as vice president of brokerage. In his new role, Paterno will oversee: Strategic planning and communications, agent development, technology and innovation, team incentives and support.

Boston, MA Located along the Rose Kennedy Greenway at the crossroads of the downtown waterfront and the Seaport District, International Place’s cylindrical towers are among the most iconic on the city’s skyline. The Chiofaro Company has made International Place a premier office destination for decades. To further their commitment, Chiofaro has embarked on a $100 million reinvestment and reimagination of the 1.8 million s/f office complex.

Shawmut Design and Construction, a leading $1.3 billion national construction management firm, announced the completion of three restaurants for Garrett Harker: Eastern Standard Kitchen and Drinks

Boston, MA City Realty Group, a community-focused real estate company, has completed its acquisition of 186 Lincoln St., a 73,000 s/f class B office building in downtown for $11 million. Anchored by long-term tenants such as CozyKin, SmartSense by Digi, Full Contact Advertising, and Mightier, the building has been a fixture of the city’s Leather District