Category: Owners Developers & Managers

Dorchester, MA Marcus & Millichap completed the $3.9 million in sales of 12 Lyndhurst St. and 26 Thane St. Evan Griffith and Tony Pepdjonovic at Marcus & Millichap, had the exclusive listings to market the properties and procured...

Boston, MA Newmark Knight Frank (NKF) has completed a 56,962 s/f lease to DataRobot at 225 Franklin St. NKF represented both the property owner, Oxford Properties Group, and the tenant, bringing the building’s occupancy to 90%.

Newton, MA Saracen Properties has acquired One Newton Place from Taurus Investment Holdings for $50.75 million. The property is a 172,813 s/f, urban in-fill office building. Saracen partnered with NYC-based Cadre on the deal, their first joint venture and Cadre’s first foray into the Boston market. 

Boston, MA Colliers International’s Multi-Family Advisory Group completed the sale of the newly renovated 29-35 Temple Place in the city’s Downtown Crossing neighborhood. Following a $12 million acquisition in 2016, the seller, a joint venture between Torrington Properties and Mount Vernon Co.

Enfield, CT Charter Realty & Development has secured a 29,451 s/f lease for HomeSense at Enfield Commons. The center is located at 25 Hazard Ave. and is owned by Paramount Realty. Enfield Commons is a 281,000 s/f center and current tenants include Aldi, Marshalls, Michaels, Old Navy, Petco and Olive Garden.

Per and Polyfluoroalkyl Substances (PFAs) are chemical compounds manufactured and used in industrial and commercial products and have been shown in laboratory tests to have hazardous health effects. In May of 2016, the U.S. Environmental Protection Agency (EPA) developed a standard of 70 nanograms per liter (ppt) for two of the most prevalent PFAs, perfluorooctane sulfonic acid and perfluorooctanoic acid. Several states have adopted this standard

Over the last decade, New England Hotel Realty (NEHR), one of the leading hotel brokerage and real estate advisory firms in the northeast, has seen the hotel construction pipeline in New England grow exponentially. At the end of 2009, there were 96 projects/11,372 rooms in the New England hotel construction pipeline. At the end of 2018, the pipeline reached a 10-year all-time high of 159 projects/20,411 rooms, a 65% increase over the 2009 total.

Stoughton, MA Cornerstone Realty Capital arranged $8 million in financing for the 48-unit Central St. Apartments for True North Capital Partners. The units are divided between two three-floor buildings, each with 18 two-bedroom/one-bathroom units and six one-bedroom/one-bathroom units.

New London, CT O,R&L Commercial, LLC has sold 2.1 acres located at 389 North Frontage Rd. for future redevelopment. The property transferred for a sale price of $1.35 million. Phil Marshall of O,R&L Commercial represented the buyer, Hampshire Venture Property LLC