THE DEAL SHEET
| LEASES Quiet Logistics leased 200k SF at 66 Saratoga Blvd in Devens Industrial Park from CrossHarbor Capital for a distribution center. This deal and an April lease for 135k SF brings the former Gillette distribution facility to full occupancy. Klemmer Associates? Greg Klemmer and Tim Brodigan repped Quiet Logistics. RBJ?s John Lashar, Paul Leone, and James Lipscomb repped the landlord.*** BIND Biosciences has leased nearly 33k SF from BioMed Realty Trust on Vassar Street in Cambridge near MIT. The property that BioMed started to renovate last July is now fully leased. BIND, which specializes in nanomedicine, was co-founded by Dr. Robert Langer of MIT , Dr. Omid Farokhzad of Harvard, and Scott Minick, CEO. *** InnoPad has leased 28k SF at 265 Ballardvale St in Braintree, bringing the building owned by Campanelli to 100% occupancy. InnoPad, repped by McCall & Almy?s Lenny Owens, plans on a fall move-in. The landlord was repped by its own Peter Brown along with NAI Hunneman's suburban leasing group: Jim Thomson,James Boudrot, Dan Collins, Brendan Daly, Evan Gallagher,Stephen James, Devon Manfredonia, and Michael McCarthy. *** |
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| Landlord Nordic Properties has signed two leases for a total of 47.4k SF at 1000 Washington St in Boston. National Indemnity Co, a member of the Berkshire Hathaway Group, took nearly 29k SF. Cushman & Wakefield's Tim Bianchi and Deb Gould found National for Nordic Properties. Unidine Corp signed on for 18.5k SF in a relo from its HQ at One Gateway Center in Newton. FHO Partners' John Boyle and Will Foley repped Unidine. CBRE's David Fitzgerald and Bill Crean repped Nordic.***Old Neighborhood Foods has renewed its lease for 26.5k SF at 34-36 Riley Way and Boston Wholesale Lobster Corp its lease for 14.6k SF nearby at 78 Marine Blvd, both from landlord Combined Properties whose leasing director Greg Regazzini handled the deals. *** AIDS Action Committee has leased 8,500 SF of office space at 359 Green St in Cambridge from Central Properties, which repped for itself. AIDS Action also leased 3,125 SF of retail space at 563 Main St. Corporate Realty Advisors repped the landlord, Naggar Realty. Newmark Knight Frank's Peter Bean and Christopher McMahon repped the tenant. *** The 56-year-old Boston-based architecture firm Goody Clancy has opened its first office outside The Hub in Washington, DC, led by Steven Kleinrock. The firm will build on its past experience in the Mid Atlantic region working for: American University, Georgetown, GW, Catholic U, the US Dept. of Homeland Security and the cities of Alexandria, Baltimore, and Norfolk, among others. FINANCING Colliers International Boston's Kevin Phelan and Jeffrey Black secured a $38M loan to refi AppleTree Business Park at 2875 Union Rd in Cheektowaga, NY for Am Cap. Goldman Sachs Commercial Mortgage Capital was the lender on the 10-year, fixed-rate loan that closed June 28. |
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| Davis Square Partners, a JV between K.S.S. Realty Partners and Gate Residential Properties, closed on the financing package and a major construction contract with J. Derenzo Co for the $52.5M Maxwell?s Green residential development in Somerville on a former Brownfield site. Davis Square's Ted Tobin (above) says the project will bring more union construction jobs and other benefits to the community. The developer was repped in its loan and construction contracts by Boston's Bernkopf Goodman and Goodwin Procter. The project near Davis Square will have 184 LEED certifiable apartments and 24 units of affordable housing.***Simpson Housing and an affiliate of Heitman have secured financing to build a 286-unit rental complex in downtown Boston with parking for 138 cars and 17k SF of ground-floor retail. Savills arranged the JV equity capitalization. The project, The Victor, will be LEED Silver. DEVELOPMENT Last week, the state legislature passed a bill that allows Education First to build a new 300k SF HQ and lease it for 99 years on a parcel in Cambridge?s North Point. The parcel had been used as a staging area for the Big Dig. |
