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Massachusetts

68-78-Elm-St.-Hopkinton-Massachusetts
IndustrialLife SciencesLoansMassachusettsNortheast

JLL Arranges Refinancing of 198,336 SF Manufacturing Facility in Hopkinton, Massachusetts

by Taylor Williams

HOPKINTON, MASS. — JLL has arranged the refinancing of a 198,336-square-foot manufacturing facility in the western Massachusetts suburb of Hopkinton. The loan amount was not disclosed. The two-building facility sits on 19 acres at 68-78 Elm St. and was fully leased at the time of the loan closing to life sciences and diagnostics company Revvity. Andrew Gray, Ryan Parker and Brooke Howard of JLL arranged the loan through an undisclosed commercial bank on behalf of the borrower, locally based investment firm NorthBridge Partners.

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AcquisitionsIndustrialMassachusettsNortheast

Marcus & Millichap Brokers Sale of 39,687 SF Warehouse in Canton, Massachusetts

by Taylor Williams

CANTON, MASS. — Marcus & Millichap has brokered the $7.1 million sale of a 39,687-square-foot warehouse in Canton, a southern suburb of Boston. The building sits on a 2.6-acre site at 40 Hudson Road and was fully leased at the time of the loan closing to an electrical manufacturing company. Harrison Klein of Marcus & Millichap represented the buyer, Seyon Group, in the transaction. The seller, an entity doing business as Canton II JB Capital LLC, was self-represented.

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AcquisitionsMassachusettsNortheastOffice

Newmark Brokers Sale of 114,677 SF Office Property in Boston Seaport District

by Taylor Williams

BOSTON — Newmark has brokered the sale of 343 Congress Street, a 114,677-square-foot office property in the Boston Seaport District. The five-story building, which is a historic structure that was originally built in 1888, is anchored by pet products e-commerce retailer Chewy and also houses two ground-floor restaurants. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, BentallGreenOak (BGO), in the transaction and procured the buyer, North Colony Asset Management.

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HealthcareLoansMassachusettsNortheast

Cushman & Wakefield Arranges Refinancing of 35,000 SF Medical Office Building in Cohasset, Massachusetts

by Taylor Williams

COHASSET, MASS. — Cushman & Wakefield has arranged a loan of an undisclosed amount for the refinancing of a 35,000-square-foot outpatient medical office building in Cohasset, a southeastern suburb of Boston. The three-story building is known as Cohasset Family Health Center. Tyler Morss of Cushman & Wakefield arranged the loan through an undisclosed bank on behalf of the owner, regional owner-operator Thomas Park Investments.

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DevelopmentHealthcareMassachusettsNortheastOffice

Grander Capital Partners Completes Redevelopment of 26,351 SF Office Building in Wellesley, Massachusetts

by Taylor Williams

WELLESLEY, MASS. — Regional owner-operator Grander Capital Partners has completed the redevelopment of a 26,351-square-foot office building in Wellesley, a western suburb of Boston. Grander repositioned the vacant building at 70 Hastings St. to support healthcare uses, introduced new building systems, renovated the lobby and communal areas and upgraded the property’s landscaping. Grander also tapped regional brokerage firm Hunneman to lease the property, which is now 94 percent occupied.

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Singing-Bridge-Residences-Chicopee-Massachusetts
DevelopmentLoansMassachusettsMultifamilyNortheast

MassHousing Provides $37.3M in Financing for Affordable Housing Project in Chicopee, Massachusetts

by Taylor Williams

CHICOPEE, MASS. — MassHousing has provided $37.3 million in financing for Singing Bridge Residences, a 105-unit affordable housing project in Chicopee, located near the Massachusetts-New York border. The borrower, a joint venture between Sydney Capital Group LLC and Brisa Builders Development, will develop the complex on a four-acre, riverfront site at 400 Main St. that was previously owned by the city. Other portions of the site will be developed separately to feature a sports complex, brewery and an office building. The unit mix will consist of 16 studios, 21 one-bedroom apartments, 57 two-bedroom residences and 11 three-bedroom apartments and will feature a range of income restrictions. Paul A. Castrucci Architects is designing Singing Bridge Residences, and Western Builders is serving as the general contractor. Completion is slated for summer 2027.

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Baldwinville-School-Apartments-Templeton-Massachusetts
Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

MPZ Development, Capstone to Undertake $36M Multifamily Adaptive Reuse Project in Templeton, Massachusetts

by Taylor Williams

TEMPLETON, MASS. — A partnership between metro Boston-based MPZ Development and Capstone Communities will undertake a $36 million multifamily adaptive reuse project in Templeton, about 65 miles northwest of Boston. Designed by ICON Architecture, the project will convert the historic Baldwinville Elementary School, which was originally built in 1923, into a 54-unit apartment complex that will be known as Baldwinville School Apartments. Residences will come in studio, one-, two- and three-bedroom floor plans, and the majority (49) of the units will be reserved for households earning between 30 and 60 percent of the area median income. Amenities will include a children’s playground, fitness center, electric vehicle charging stations, onsite laundry facilities and a community walking trail and green space. Rockland Trust provided $21.5 million in construction financing for the project. A groundbreaking ceremony will take place in May.

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One-Cabot-Road-Medford-Massachusetts
HealthcareLeasing ActivityMassachusettsNortheastOffice

Cambridge Health Alliance Signs 56,000 SF Healthcare Lease in Medford, Massachusetts

by Taylor Williams

MEDFORD, MASS. — Cambridge Health Alliance has signed a 15-year, 56,000-square-foot healthcare lease in Medford, located north of Boston. The healthcare provider will occupy the second floor of One Cabot Road, a building that can also support office, life sciences and manufacturing uses, beginning in June. Deb Gould, Ali Cavanaugh and Rory Walsh of Newmark represented the landlord, The Davis Cos., in the lease negotiations. Paul Delaney, Adam Subber and Carter Sweabe of Cresa represented Cambridge Health Alliance.

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CivicDevelopmentMassachusettsNortheast

Gilbane Building Co. Begins Construction on Multiple Projects at Salem State University in Massachusetts

by Taylor Williams

SALEM, MASS. — Gilbane Building Co. has begun construction on multiple projects at Salem State University (SSU), located north of Boston, that are part of a “campus unification and modernization” initiative known as SSU Bold. The projects incorporate renovations to the existing Horace Mann building, which has been vacant since 2018, and the expansion of Meier Hall to bring new lab spaces to programs housed in the building. Once completed in fall 2027, the university will relocate its South Campus-housed programs to North Campus, unifying its footprint and allowing the planned sale of South Campus to move forward. The new facilities will house nursing, occupational therapy, biology, chemistry and geological sciences programs, as well as various student hubs and flexible classrooms.

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Leasing ActivityLife SciencesMassachusettsNortheast

CytoTronics Signs 14,000 SF Life Sciences Lease in Boston Seaport District

by Taylor Williams

BOSTON — CytoTronics, a life sciences company specializing in cell biology research, has signed a 14,000-square-foot lease in Boston’s Seaport District. The space is located within GENESIS 12 Farnsworth, a 73,000-square-foot former office building. CBRE represented the landlord, Phase 3 Real Estate Partners, in the lease negotiations. The tenant representative was not disclosed.

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