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BOSTON-First Marblehead Corp. leases 98,272 sf in the Park Square Building at 31 St. James Ave. The deal, which brings the occupancy rate in the 500,000-sf building to more than 90%, is one of the city's largest commercial office deals this year.
BOSTON-A groundbreaking was held for Folio Boston at 80 Broad St., a 96-unit, 14-story luxury residential condo project being developed by 80 Broad Street LLC.
NEEDHAM, MA-The locally based lender to the commercial and multifamily real estate industries, has been originating, closing and servicing conduit loans for more than 10 years but this is its first time aggregating and securitizing its loans independently.
BOSTON-An upcoming event is expected to book over 34,000 hotel room nights and is good news for the 516,000-sf, $800-million, taxpayer-financed facility.
WOBURN, MA-Percussion Software leases 27,505 sf at 600 Unicorn Park. The company is doubling its space in its relocation from Stoneham, MA. The seven-year lease represents the largest transaction of the year at the property.
MILFORD, MA-Lowe's Home Improvement has set its sight on Quarry Place by taking a 161,664 sf lease in the retail development under construction on Route 495. The chain is the first anchor tenant signed in the 215,164 sf, three-building project.
WILMINGTON, MA-RADI Medical Systems Inc. leases 15,195 sf at 200 Research Dr. in Wilmington Technology Park. The company is relocating from 34 Gould St. in Reading where it was leasing 3,000 sf.
CAMBRIDGE, MA-Fantini & Gorga/iCap Realty Advisors arranged $20 million in permanent financing for Central Plaza, a 172,000-sf office building at 675 Massachusetts Ave.
BEVERLY, MA-A $5-million loan was arranged for Enon Street Realty Trust for the Stop & Shop store on Enon Street. Enon also purchased a parcel of adjacent land which will allow Stop & Shop to expand its store.
BOSTON-The YWCA nails down $52 million in financing for its plan to renovate and add residential units to its headquarters location at 140 Clarendon St. The city says it is the single largest private affordable housing project here.