Category: Owners Developers & Managers

Boston, MA A.W. Perry, a real estate investment and services firm with offices in Boston and Hingham, has appointed Tim Nguyen to chief financial officer and controller of the firm.

Let’s start with the positive. The first quarter of 2023 has proven to be a strong continuation of the hotel recovery in New England and across the country. With the Omicron surge in December 2021, New Year’s plans were cancelled and business and leisure travel plunged in January and February 2022. Fortunately, in Q1 2023, we saw a recovery from this and much stronger demand with Revenue Per Available Room (RevPAR) up 21.5%

Plainville, CT Plainville Martial Arts has purchased 240 East St., a 5,400 s/f multi-tenant medical building located on 0.96 acres. Christian Dietz and Phil Gagnon of Colliers International

Dover, NH The Boulos Company’s Drew Sigfridson and Kent White represented Hannaford Bros. Co., LLC in the sale of 829 and 831–833 Central Avenue to Calico Properties, LLC for $3.7 million. 

Boston, MA Freudenheim Partners has facilitated a new sublease for Lannan Technologies, a cyber security company looking for a local office presence. They will now occupy 3,412 s/f at 250 Summer St. in the city’s Seaport neighborhood. 

Plaistow, NH Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of ConvenientMD. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,110,169.

I had the pleasure of touring the construction of infrastructure upgrades at the Port of Davisville’s Pier 1 last week. The General Assembly and my administration allocated $60 million in American Rescue Plan Act (ARPA) funding to the Port in 2022 to assist in the development

Rocky Hill, CT Cushman & Wakefield has arranged multiple lease transactions totaling 72,147 s/f at Corporate Ridge, a three-building office portfolio located at 55 Capital Blvd., 175 Capital Blvd. and 500 Enterprise Dr.

Worcester, MA NAI Glickman Kovago & Jacobs has sold 17.7 acres at 1029 Grafton St. for $4.3 million.  The seller, Brandt Lane Living Trust, was represented by NAI Glickman Kovago & Jacobs principal, James Glickman, and vice president, Nolan Ryan. The buyer is Brandt Lane Development LLC. 

Boston, MA Margulies Perruzzi (MP) has completed the renovation of 31,000 s/f at One Beacon St. for Boston Trust Walden, an independent, employee-owned firm providing investment management services to institutional investors and private wealth clients.

Narragansett, RI Mott & Chace Sotheby’s International Realty has completed the sale of 65 Gibson Ave. for $2.225 million. The buyers were represented by Susan Radesca and The Soby Fox Team of Mott & Chace Sotheby’s International Realty, and the sellers were represented by David Carty of Carty Realty.

Newton, MA The SIOR New England Chapter held its third chapter event for 2023 at the Sheraton Four Points on March 22nd. Approximately 50 SIORs and guests attended the luncheon to hear Tucker Kelton, founder and managing partner of Camber Development.