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BOSTON-The five properties total 126 units and are spread throughout the Greater Boston area. The Mayo Group retains one and disburses the rest in a partial portfolio buy.
ACTON, MA-The leases help to bolster the sagging occupancy rate in the 495 North market. The technology firms are cashing in, getting low rental rates in class A space.
WESTBOROUGH, MA-Rreef deals the 102,000-sf building to locally based investor. The property is fully leased to American Superconductor through May 2009.
BURLINGTON, MA-Business school takes 30,000-plus sf to establish fourth campus in the Bay State. Recent leasing activity has boosted the occupancy rate for the building to 93%.
BOSTON-Four investors add $27 million to the fund, which is expected to close in the second quarter. Intercontinental is also in negotiations for 95 Berkeley St.
NORTHBOROUGH, MA-Invesco closes on one warehouse/distribution center in Franklin and will close on another here by the end of the month. The two properties total nearly 500,000 sf.
WALTHAM, MA-The sublease represents a coup for the company, as they score a four-year deal in one of the premier office complexes in Greater Boston well below market rates, sources say. The lease brings BMC's subleasing activity on the 175,000-sf lease closer to completion.