The Deal Sheet
| Leases |
| Empirix, which specializes in developing network solutions for data, voice and video, has taken an extra two years on their 51k SFlease for office and lab space at Crosby Corporate Center inBedford. Empirix was repped by McCall & Almy?s Len Owens and the landlord, RREEF, was represented by Cushman & Wakefield'sRichard Ruggiero and Torin Taylor.*** Epizyme has leased 18k SF at 325 Vassar St in Cambridge, relocating and doubling its footprint with an April move planned. The life science company is BioMed?s first tenants in the building designed as flex lab space. RB&J?s Jon Varholak and Eric Smithrepped Epizyme and their colleague Steven Purpura was at the table for the landlord, BioMed. *** Keltron Corp will relocate to 15k SF of office and R&D space at 101a First Avenue in Waltham, during Q2. For its first corporate move in 50 years, the manufacturer of life safety event management systems was repped by RB&J?s Jon Varholak, Ron Friedman, and Brian Cohen. The building's landlord, IRG Waltham, repped itself. *** STAG Capital Partners has subleased 11.8k SF at 99 High St, a relo and expansion from 99 Chauncy St. Lincoln Property's Kevin Malloy and Brendan Miller repped the tenant and Colliers? Larry Epstein represented the sublandlord, National Union Fire Insurance Co of Pittsburgh, Pa. |
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| Sleepy?s has leased 5.7k SF and Studio SALON Suites has taken 1,025 SF at The Shops at Ocean?s Gate on Ocean and Webster streets in downtown Marshfield. Paramount Partners' Reid Diamond and Matt Giokas repped the landlord, Boston-based developer Diamond Sinacori. Ocean?s Gate is a new 40k SF retail center.***Boston Private Bank & Trust has leased 2,530 SF for a retail bank site at 1295A Beacon St. in Brookline. Boston Realty Advisor?s Jim Speros repped the landlord. FHO?s John Hines and Colliers? Todd Alexander were at the table for the bank, which has 10office/branch locations in eastern Massachusetts. |
| Financing |
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| AGAR Supply, New England?s largest independent food supplier, is expanding its 326k SF Taunton HQ by 54k SF and secured$18M in financing to cover the cost of that investment. An HFFteam led by Robert Heron arranged the long-term, fixed-rate loan through People?s United Bank. |
| Construction |
| The City of Boston will spend $115M to build a new officebuilding for city agencies at the site of the Ferdinand Furniture building in Dudley Square, Mayor Menino announced Thursday. He plans to hire a private developer to manage the project and lease the retail space. He expects construction to start in a year and once completed, to be a major advance in the economic resurgence of the neighborhood.*** The Winsor School, located on a 7.4-acre campus in theLongwood Medical Area, is planning a 440k SF expansionincluding: a new 300k SF mixed-use building, a new 110k SF academic building and a 30k SF addition to an existing academic building. The school, operating at this site since 1910, says the development will ensure it has the necessary facilities to continue operating there for generations to come. No development cost was disclosed. *** The Old Colony Council chapter of the Boy Scouts of America has chosen Acella Construction to manage the design and construction of a new 11.5k SF dining facility at Camp Squanto in Plymouth?s Myles Standish State Forest. Design will begin immediately, with construction set for completion by spring of ?12. Acella Construction will manage the demolition of the existing dining facility, originally built in 1950, and Lincoln Architects will do the design work. *** The 100k SF build-out of Biogen IDEC?s new corporate HQ at TheWeston Corporate Center in the suburb of the same name was recently completed for landlord, Boston Properties. J. Calnanmanaged the build-out with Nelson, the architect, VanderweilEngineers, and Office Environments, which did audio visual and furniture. *** The Federated Cos' broke ground recently on a 206-unit multifamily project in Manchester, N.H. due for completion by year-end. The project on Bradley and Gold streets, three miles south of downtown, will include 195 garden-style rental apartments and 11 single-family homes. *** Whitney Veigas has completed three academic sign projectsrecently. They include Brandeis University's new 35k SF Mandel Center designed by Kallmann McKinnell & Wood, the eighth building on campus for which Whitney has designed and supplied signs. They designed the sign program for the new 410k SFNewton North High School and installed signage designed by Gill Fishman Associates at the Rashi School in Dedham. |
