Category: Owners Developers & Managers
Jumbo Capital sells former lottery building to Mass General for $14 million
July 30, 2021
Braintree, MA Jumbo Capital Inc. sold the former lottery building at 60 Columbian St. to Mass General Brigham Integrated Health Care System for $14 million. Jumbo purchased the 30-year-old building for $10.25 million in 2016.
US2 and the city of Somerville break ground on $2 billion project - working with Gilbane Building Co...
July 30, 2021
Somerville, MA The city’s most historic neighborhood, Union Sq., has embarked on a momentous transformation and readies for an economic revival of great proportions as US2, together with the city and mayor Joseph Curtatone, break ground on USQ, a $2 billion, 15-acre mixed-use, transit-oriented development
Griffin Electric completes work to athletic facilities at UConn - working with O’Connell’s Sons...
July 30, 2021
Storrs, CT Wayne J. Griffin Electric, Inc. (Griffin Electric), a leading electrical subcontractor throughout New England and the Southeast for over four decades, completed work on UConn’s Athletic District Development. Spanning 23 acres,
Subleasing: An important tool for tenants and landlords during the pandemic and after - by David Con...
July 30, 2021
With the U.S. hitting an all-time high of 158 million s/f of subleased space as of July 2021, the spike in subleasing during the pandemic will continue to heavily influence the commercial real estate market. The fluidity of this situation is likely to continue well into 2022
Horvath & Tremblay’s Kelleher, Pentore and Norton handle $6.5 million sale of Union Grove Apartmen...
July 30, 2021
Methuen, MA Dennis Kelleher, John Pentore, and Spencer Norton of Horvath & Tremblay have completed the sale of the Union Grove Apartments. The trio represented the seller and procured the buyer to complete the transaction at a sale price of $6.5 million a
Eastern Bank welcomes Stanley Tree Service, Inc. as a commercial customer
July 30, 2021
Boston, MA According to Eastern Bank, Stanley Tree Service, Inc. has joined as a new commercial banking customer. Stanley Tree was founded in 1986 as a residential tree trimming and service company. It has grown to serve many commercial accounts and major electric utility customers
Cresa manages corporate relocation for global life sciences company Abcam
July 30, 2021
Waltham, MA The Boston office of Cresa was engaged by Abcam for site selection, transaction management, and project management services. As a global life sciences company, Abcam identifies, develops, and distributes high-quality biological reagents and tools that are crucial to research, drug discovery and diagnostics.
New England Chapter of CoreNet Global name the winners of the 2020-2021 Awards of Excellence
July 30, 2021
Boston, MA The New England Chapter of CoreNet Global has named the 2020-2021 winners of its annual Awards of Excellence, representing the best of the Boston region in corporate real estate leadership. The project winners include projects over the last two years to account for the postponed awards program in 2020
Cohen, Kilar and Kenney of Marcus & Millichap broker $1.92 million sale of a Midas location
July 23, 2021
Lynn, MA Marcus & Millichap completed the sale of Midas, a 6,000 s/f net-leased property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $1.92 million.
MANSARD facilitates the $1.55 million sale of 14 Wags Rd. in Mashpee, MA - purchased by Aspen Blue L...
July 23, 2021
Mashpee, MA MANSARD completed the sale of an industrial manufacturing property at 14 Wags Rd. worth $1.55 million. The 6,144 s/f industrial property was skillfully designed for business operations that require ample storage, showroom space and service/maintenance.
Jumbo Capital Inc. sells Rivertech Park to Griffith Properties for $85 million - property is headqua...
July 23, 2021
Billerica, MA Privately held real estate investment firm, Jumbo Capital Inc. completed the sale of Rivertech Park for $85 million. Jumbo purchased the flex research and development property along Rte. 3 for $45 million in 2017.
Herrick Lutts Realty Partners completes $3.575 million sale of Rowley Crossing
July 23, 2021
Rowley, MA Herrick Lutts Realty Partners completed the sale of a unique property, Rowley Crossing, located at 300 Newbury Tpke. (Rte. 1). The building, situated on a 2.1 acre lot, is fully updated and includes 25,000 s/f of rental space
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