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GLOUCESTER, MA-Morgan Stanley trades a 276-unit residential community for $31.5 million. The new owner may convert half of the units into condominiums.
BURLINGTON, MA-The robotics company takes an additional 24,120 sf here. The growth is due in part to the sales of its Roomba vacuum cleaner, which saw sales climb over the one-million mark in October.
BOSTON-The former Colony Group building will be redeveloped into 13 units, with a retail portion on the ground floor. Condos are expected to fetch $1,000 per sf.
BEDFORD, MA-The 400,000-sf office/R & D building goes to VinCo Properties. The property is currently under lease to Raytheon until the end of 2005, but preleasing is under way with new agent Richards Barry Joyce & Partners.