John Hynes III Goes Solo; THE DEAL SHEET
| John Hynes III says improved real estate market conditions make this the ?an opportune time? for him to start a new CRE development and consulting firm, Boston Global Investors. |
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| Its projects include Seaport Square, above, planned as a new 6.3M SF mixed-use neighborhood on the South Boston waterfront, and One Franklin, a 1.25M SF mixed-use tower in Downtown Crossing. In 2008, work halted on One Franklin leaving a hole on Washington Street that made John a target of Mayor Menino's ire. John left Gale International after 10 years as CEO and managing partner, where he led the development of One Lincoln (now State Street Financial Center) and the $35B New Songdo City in South Korea. |
| Sales eClinicalWorks has agreed to purchase 2 Technology Dr. in Westborough from New Boston Fund to expand its HQ space to 100k SF from 75k SF. The company was represented in the deal by Jones Lang LaSalle's Phil DeSimone, Scott Jamieson, and Matthew Giffune, as well as the company's own Patrick Bodden.*** Emmes Asset Management announced the sale of Wampanoag Plaza, a 225,610 SF supermarket anchored shopping center in East Providence, R.I. CushWake?s Robert Griffin, Geoffrey Millerd, and Edward Maher represented the seller and found the buyer. The sale price for the 97% leased center wasn't disclosed. *** 227 Park Drive LLC sold its 21-unit apartment building in the Fenway for the asking price, $5.2M. NAI Hunneman?s Robert Tito,Dan McGee, and Gina Barroso repped for the seller and found the buyer whose name wasn't disclosed. The renovated building is walking distance from the Longwood Medical Area, Simmons College and Northeastern. *** Calabasas, Calif.-based ValleyCrest Landscape Cos. announced its acquisition of Belmont-based Waverly Landscape Associates. ValleyCrest has annual revenue of about $940M and 10K employees in 100 locations. Leasing Applied Materials has leased 6,109 SF at 80 Central St., Boxborough, for its relocation from Chelmsford. The nanomanufacturing technology firm was represented by Colliers Meredith & Grew's Brian Tisbert. Richards Barry Joyce?s Brian McKenzie and Robert Byrne represented the landlord, KBS Realty Advisors. RBJ is the building's exclusive leasing agent. *** Sohn & Associates, a financial advisory practice of Ameriprise Financial Services, is relocating from Concord to 80 Central St.,Boxborough, where it leased 3,082 SF. Grubb & Ellis? John Coakley repped for them. RBJ?s Brian McKenzie and Robert Byrne represented the landlord. Construction This summer, Pharmalucence will start construction on a 70k SF manufacturing plant and corporate HQ in Billerica. The two-year project will produce a facility with advanced automation to make clinical trial lots and full-scale commercial production. Financing includes a $20M bond issued on the company's behalf by MassDevelopment and purchased by TD Bank, the state's first use of the Recovery Zone Facility Bond program authorized by the ARRA. Financing Colliers Meredith & Grew's John Broderick arranged $8.5M in financing for a four-building portfolio of office R&D space on South Street in Hopkinton. Most of the fully leased buildings are occupied by Lonza Hopkinton, a provider of contract biopharma development and manufacturing. Genworth Financial provided the loan. *** MassDevelopment has issued $3.6M in tax exempt bonds and a $1M mortgage insurance guarantee on behalf of The Learning Center for the Deaf. The day and residential school plans to use the bond proceeds to build a 20k SF early childhood center on its 17-building, 12-acre Framingham campus. Students from around the state and the country attend classes where they're taught in sign language and spoken English. People Callie O?Brien has joined Diversified Project Management as assistant project Manager. Callie, a 2009 graduate of Wentworth Institute of Technology, earned a Bachelor?s in facilities planning and management, is a certified Facilities Management Professional (FMP), and is a member of the International Facilities Management Association (IFMA). Sustainability Tomorrow, Mayor Menino will announce City RFPs for Boston's first infrared scan of buildings to measure millions of dollars in heat loss. The data will enhance awareness of the problem and drive greater participation in energy efficiency programs. The Mayor aims for Boston to be the first large American city to complete a scan. |
