Category: Owners Developers & Managers

Cambridge, MA According to Bulfinch, construction is underway at 400-500 Cambridge Discovery Park, a new 270,000 s/f class A lab, R&D and office development at Cambridge Discovery Park (CDP). The six-story building with two separate bases and a connector on the third through sixth floors over the private Discovery Way Dr. at CDP is designed for complete end user flexibility on this final CDP development site with unobstructed views of the city.

Salem, MA Peter Lutts and Paul Herrick of Herrick Lutts Realty Partners represented the sellers and procured the buyer in the $750,000 sale of 30 Federal St. 

Funding is a key driver of economic growth as well as an important indicator for commercial space needs. This is particularly true within the life science industry as initial public offerings and other key funding rounds generally preface expansions in the marketplace.

While other U.S. cities have demonstrated volatile economic markets, Boston has sustained a strong, healthy economy for more than 40 years. This economic health coupled with the city’s diversity of industries has had a lasting, positive impact and increased demand for commercial space.

Boston, MA Newmark Knight Frank (NKF) has completed the $123.25 million sale of Serenity, located at 101 S. Huntington Ave., to Oxford Properties Group. On behalf of Longwood Group, executive managing director Michael Byrne, managing director Thomas Greeley, associate Casey Griffin, director Devlin Man and senior financial analyst Andrew Herald of NKF’s Boston Capital Markets team oversaw the transaction of the 195-unit apartment building.

Nashua, NH Fulcrum Associates has completed the construction of a new Day’s Jewelers store. The 5,900 s/f store is the first freestanding location of Day’s Jewelers’ eight stores throughout N.H. and Maine. The store including a lounge area and the latest technology for repairs and interactive shopping, creates a superior shopping experience for all guests.

Beverly, MA When Cummings Properties purchased 50 Dunham Rd. in December 2011, the 54-acre site included just one building that was 90% vacant. Undeterred by the market’s disinterest and by others’ perception of a property with significant limitations, Cummings saw potential.

Somerville, MA Federal Realty Investment Trust has signed a lease for 150,000 s/f with PUMA North America to anchor a new 300,000 s/f office building, with ground floor retail space, at 455 Grand Union Blvd. at Assembly Row, the rapidly growing, mixed-use neighborhood just minutes from downtown.

Manchester, NH The Dolben Company, Inc. has assumed management of Regency Place, Regency West and Regency Heights, collectively known as The Regency Collection. Located in a heavily residential and apartment dominated sector of the city, the properties are all 55+ communities.