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FRAMINGHAM, MA-$5.6 million in permanent mortgage financing is secured for a 115,600-sf facility on an 11-acre site at the corner of Whittier and Newbury Streets just off Route 30. The facility is owned by an undisclosed pension fund and is occupied by BJ's Wholesale Club.
WILMINGTON, MA-The latest in a series of new tenants in this industrial building, Pioneer Sales Co. leases 25,000 sf of warehouse and distribution space at 80 Industrial Way. The deal is indicative of the relative health of the industrial market in the suburbs.
LEXINTON, MA-In a deal that is a shot in the arm for this struggling market, Antigenics leases 160,000 sf of office, R&D and biotech lab space at 3 Forbes Rd. The Bullfinch Cos. recently renovated the building.
WOBURN, MA-O'Charley's Inc. completes its $160 million acquisition of Ninety Nine Restaurant & Pub, a locally based chain. The deal involves 74 locations throughout the New England region and marks Nashville, TN-based O'Charley's entrance into the area.
TAUNTON, MA-In a deal that demonstrates the continued strength of the area's industrial market, SunLife purchases an 86,400-sf building in the Myles Standish Industrial Park from Midas Corp. for $3.25 million. The Itasca, IL-based company has leased back the facility as part of the deal.
MEDFIELD, MA-A developer proposes building a golf course on the 225-acre campus of the Medfield State Hospital, which is due to close this May. The town wants the property to generate more tax revenue but acknowledges that the site's location is less than ideal for commercial development.
BURLINGTON, MA-A study put out by Finard & Company LLC indicates good news the Greater Boston area's retail market. The region has posted its highest absorption rate in three years and its vacancy rate has dropped 21% over the past year.
BOSTON-Heritage acquires four community shopping centers with approximately 1.5-million sf of gross leasable area, increasing the locally based REIT's shopping center portfolio to 153 properties.
QUINCY, MA-Daniel Quirk is the surprise winner of the government auction for the 130-acre Fore River Shipyard with a $9-million bid. The locally based auto dealer plans to relocate his auto auction company to the site and is unsure what he will do with the remaining property.
BOSTON-The Massachusetts Port Authority finally goes to court over its effort to lift the 29-year-old injunction on building a new runway at Logan International Airport. The agency faces the city of Boston, which is attempting to keep the injunction in place.
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Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
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Download ResourceFrom Building Engines
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource