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MIDDLEBOROUGH, MA-The tiny suburban Boston office submarket of 2.8 million sf has struggled for most of 2007, however it finally gets some positive news.
WELLESLEY, MA-Hastings Village, a 52-unit affordable housing project proposed six years ago for Hastings Street, receives its approval from the state's court.
FRAMINGHAM, MA-Five tenants lease 21,964 sf of space in the Meadows at 161 Worcester Rd. on Route 9 in the the city's retail center. A broker involved says that the deals demonstrate that the MetroWest market is turning.
WALTHAM, MA-Cornerstone Mortgage leases 7,200 sf at 196 Bear Hill Rd. The company, which signed a ten-year lease, needed additional space for growth and was looking for a stand-alone building.
WESTBOROUGH, MA- Acquisition financing totaling $33 million is nailed down for the four-building, 372,679-sf Westborough Office Park. Holliday Fenoglio Fowler LP arranged the financing for Windsor Realty Fund-IV.
BOSTON-The Boston Wharf Co. sells its vast real estate portfolio in the waterfront's Fort Point Channel to New York-based Tishman Speyer Properties. The deal involves 44 industrial buildings which were sold for a reported $500 million.
BOSTON-John Hancock Financial Services Inc. sells its two adjoining properties located in the heart of the city's downtown area to NY-based the Related Cos. LP and locally based Beal Cos. LLP. The properties consist of a 61,110 sf building and an 18,000 sf parking lot.
BOSTON-Two trucking companies put two one-acre parcels in the city's South Boston neighborhood up for sale. The properties are located near the new Convention Center and close to the redeveloped Seaport district and South Boston's residential neighborhood.