THE DEAL SHEET
| LeasingCambridge Innovation Center signed a 99k SF, long term lease at One Broadway, adjacent to the MIT campus. Colliers Meredith & Grew's Joe Flaherty, Tucker Hansen, and Ben Coffin brokered the deal, which includes a 61k SF expansion. With the 40k SF CIC subleases, it occupies a total of about 140k SF. John McQuaid and Patrick Rowe repped MIT, the landlord, in-house. CIC?s Tim Rowe and his team negotiated for itself. CIC provides executive suites that are wired, furnished, and secure.***Decision Resources signed a 10-year lease for 53k SF at 8 New England Executive Park, Burlington. FHO Partners' John Boyle,Richard Fahey, and Michael O?Leary repped Decision Resources. The research, consulting, and advisory firm for the healthcare industry is relocating from 260 Charles St., Waltham. Colliers Meredith & Grew's Matt Daniels repped for landlord, EOP. *** DiCicco, Gulman signed a 23,655 SF office renewal at 150 Presidential Way, Woburn. FHO?s Michael O?Leary and Michael Dalton repped DiCicco. Landlord National Development repped itself. Development The Northbridge Companies and its partner Sandy River II announced the closing of a $100M JV with Harrison Street Real Estate Capital of Chicago to develop, acquire, and operate memory care and assisted living facilities in New England and the rest of the Northeast. The first project will be a $15M 62-unit AVITA of Needham assisted living community for people with memory loss. Construction is underway, financed by Needham Bank. New Work CBRE announced that Atlantic Tambone selected it as exclusive leasing agent for 6 Kimball Lane in Lynnfield, a 107k SF Class A office near I-95/Rt. 128 on the town line with Wakefield. CBRE's David Connolly, Kerry Olson, and Robert LeClair will market the property for the owner. *** Skanska USA announced that its building unit has been awarded a $23.5M contract for the modernization of the Lyndon B. Johnson Apartments. The 180-unit senior housing development owned by the Cambridge Housing Authority at 150 Erie St is fully occupied. CHA will use about $10M in stimulus funds for the project that aims to cut energy use by 50%. It will also have on-site renewable energy generation from rooftop solar PV, co-generation, and energy recovery units. *** Integrated Builders announced that it won an 80k SF interior office renovation for Harris Corporation at 150 Apollo Drive,Chelmsford. By May, Harris, based in Melbourne, FL, will get refurbished offices, a training room, computer room, and reconfigured and refinished interior space. The team will include IA Interior Architects. *** Suffolk Construction announced that it was chosen by the Museum of Science to manage the physical and technological renovation of its Charles Hayden Planetarium. The $9M project will include renovations to the Planetarium?s hemispherical dome and upgrades to the facility?s complex MEP systems, which will allow for the installation of a new surround system and the latest in high-definition immersive video and digital acoustic capabilities. Completed by fall 2010, the Museum will be ready to install state-of-the-art equipment like digital SONY projectors and the Zeiss Starmaster custom-built optics system, the centerpiece of the new Planetarium. *** Suffolk Construction announced that during Q1, it also won: the $151M, 250k SF Miami Science Museum, the $8.3M Palm Beach State College classroom project, $75M Florida Marlins garages,$13M Senior Living Center, Peters Township; $3.5M lab addition for Caritas Norwood Hospital, $1M Newton-Wellesley Hospital lobby modernization upgrades and the $17M build-out of Raytheon?s Dulles, Va. 600k SF office. People Bierbrier Development's Casey Piche was promoted to VP of Leasing and Development. Casey, who was a director at the firm, joined Bierbrier in ?06 after working at John Hancock Funds and Boston Capital Corp. *** Grubb & Ellis announced that Jason Cameron joined the firm as VP, Office Group, responsible for landlord and tenant rep in the Boston CBD. He began his CRE career in ?99 with Spaulding & Slye, which was later acquired by JLL. |
