Category: Owners Developers & Managers

A team of lawyers from K&L Gates LLP successfully represented mortgage lender James B. Nutter & Company in a tax foreclosure case before the New York Court of Appeals, with the Court, in a unanimous decision, adopting the firm’s arguments regarding

Hingham, MA Ellis Realty Advisors negotiated the sale of 72 Sharp St., Building B. Dave Ellis exclusively represented the seller and buyer in the $3.2 million sale of this 26,575 s/f industrial/flex building.

Gloucester, MA Steve Girolamo of Horvath & Tremblay has completed the sale of two mixed-use properties for a total of $3,143,500. Girolamo arranged the sale of 50 Rogers St., which closed for $1.675 million.

Needham, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch) said that a new long-term lease was negotiated with Evolved By Nature, Inc. for 43,000 s/f at 117 Kendrick St. 117 Kendrick is a 213,000 s/f office and lab building in the heart of Needham Crossing, the town’s innovation hub and home to some of the nation’s fastest growing technology companies such as Trip Advisor, Shark/Ninja, Big Belly Solar, and IDG.

Haverhill, MA New England Ice Cream Corp. leased a 15,571 s/f industrial building on two acres at 125 Ward Hill Ave. The property is located 1.1 miles from I-495 in the Ward Hill Industrial Park.

Westborough, MA SVN | Parsons Commercial Group | Boston (SVN | PCG) has completed the sale of a 28,000 s/f industrial building along Rte. 9 at 80 Turnpike Rd. for $2.65 million. Associate advisor, Ryan Parsons, of SVN | Parsons Commercial Group | Boston represented the seller, 80 Turnpike, LLC, and procured the buyer, Bornbam Associates, LLC.

Boston, MA The Peabody Companies was named the leading organization in diversity, equity & inclusion by the Massachusetts  Apartment Association (MAA) during its recent President’s & Achievement Awards ceremony held at Westin Copley Place. The annual event honors the hard work, great service, and important skills within the multi-family housing industry.

West Bridgewater, MA C&C Reading Farm in Southeastern Massachusetts has a new owner following its sale. The 74-acre farm sold for $1.5 million with the personal property (farm equipment, etc.) sold for an additional $300,000. Terry Boyle of LandVest represented the seller. 

Woburn, MA R.W. Holmes said that Electric Supply Center (ESC) has leased an additional 18,634 s/f of industrial space at 205 Wildwood Ave., bringing the building to full occupancy. Mike Ogasapian, vice president at R.W. Holmes, worked on behalf of the property owner, Atlantic Management, marketing additional space before securing an expansion with ESC, who now occupies the entire 135,000 s/f building.

Boston, MA JLL bolstered its brokerage team with the hiring of two industry veterans with industrial investor and occupier relationships expertise. Rachel Marks is joining as managing director, and Chelsea Andre as vice president–both come to JLL from CBRE.

Newton, MA Caroline Petrovick has been promoted to director, academic sector at Elaine Construction Co. Petrovick joined Elaine Construction in 2017 bringing with her experience as both a practicing architect and a project manager in her role overseeing capital design and construction projects at Harvard University. 

“We try harder” was Roger Saunders’ answer to the question why he was able to succeed at Boston’s Park Plaza hotel (f/k/a the Statler Hilton) where Hilton had failed. Roger did not just try hard. He succeeded. And in spectacular fashion. Many of the elements of our current hospitality industry which we now take for granted were innovated by Roger.