Category: Owners Developers & Managers

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

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. 

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.

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. 

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.

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.

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. 

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

Cranston, RI DiPrete Engineering has promoted Brandon Carr, PE, LEED AP, Gregg Burnett and Sheryl Guglielmo to principals at the firm. Carr has been an integral part of the DiPrete team for 15 years and has played a significant role in client development and project success. In his new role, Brandon will be responsible for helping to shape the overall direction of the firm to bring greater value to their clients and team members.

Holliston, MA In July of 1978, Wayne Griffin opened the doors to his own electrical subcontracting business in Holliston. Fast forward 45 years and Wayne J. Griffin Electric, Inc. (Griffin Electric) has evolved from modest beginnings into one of the top electrical firms in the country.

Littleton, MA Workers Credit Union (WCU) has selected Simsbury CT-based Phase Zero Design to be the credit union’s architecture firm and Scalora Consulting Group of Ashland, MA to be project manager for several upcoming projects.

The commercial real estate (CRE) sector has long been steeped in tradition, but recent years have witnessed a dramatic shift towards innovative technologies, reshaping the entire CRE ecosystem. Integrating artificial intelligence (AI) into real estate processes is particularly noteworthy, enhancing efficiency and accuracy in remarkable ways.