The Deal Sheet
| Development The City gave a green light to Millennium Partners - Boston's$200M Hayward Place residential project that will have 265 units, mostly rental apartments. Construction is expected to start thissummer on the building that will occupy the entire city block bounded by Washington St, Avenue de Lafayette, Harrison Ave, and Hayward Place as Bisnow previously reported.*** |
 |
| Plans for The Kensington, a $172M rental apartment project being developed by Kensington Investment and National Development, won a green light from the Boston Redevelopment Authority last Thursday. The 385-unit building with parking for 110 vehicles and 4,000 SF of ground floor, community-oriented retail is expected to break ground this summer. ***American Seafood Exchange won ?tentative designation? to develop a $69M seafood processing and distribution center in the Marine Industrial Park at Boston Harbor. The development team for the plant, which could support 1,500 jobs, also includes: CBT and Strekalovsky Architects, Food Tech engineers, Barclays Capitol, Cushman & Wakefield, and Atlantic Management. Sale Senior Housing Properties Trust of Newton has agreed to pay about $304M for 20 seniors living communities with 2,111 units in five states: North Carolina, South Carolina, Florida, Virginia, and Georgia. The deal is expected to close during Q2 after regulators sign off and lenders agree to provide about $79M in financing. SNH also expects to draw on its $550M revolving credit facility. Leasing Congress Wealth Management has taken 3,650 SF at the newly built, 74k SF Liberty Wharf on Boston Harbor. This latest lease brings the complex designed by Elkus Manfredi to 90% leased or committed, according to the exclusive office leasing agent, Jones Lang LaSalle. Owner/developer Cresset Development has a long-term lease on the property from Massport. *** Atlantic Semiconductor signed a long-term lease on 21k SF at 9 Centennial Dr in Peabody, bringing it to 95% occupancy. NAI Hunneman?s Suburban Leasing Group, which includesJames Boudrot, Brendan Daly, David Gilkie, Evan Gallagher,Stephen James, and Michael McCarthy represented the landlord, B&H Peabody Property. Newmark Real Estate's Chris Curleyrepped the tenant. The two-story office built in ?86 is immediately off Rt. 128. *** American Builders & Contractors Supply leased 33.5k SF of warehouse and office space at 25 Union Ave in Sudbury. New Dover Associates? Scott Hughes repped the landlord Gold Brick Development and found the tenant, which is based in Beloit, Wis. *** CPS Technologies signed a new 13.8k SF lease on industrialspace at 79 Walton St in Attleboro to expand its operations while maintaining its HQ in Norton. A spring move in is planned. NAI Hunneman?s JP Plunkett repped the tenant and Stergis Commercial Realty Trust, the landlord, represented itself. *** Mystic Brewery leased nearly 13k SF at 174 Williams St inChelsea to set up a Belgian-style micro-brewery that should be in operation by mid-year. Its first two beers will be Mystic Saison, a dry, crisp Belgian-style brew and Mystic Entropy, a thick, high-alcohol recipe that's more of a cordial than a traditional beer. Combined Properties' Greg Regazzini repped for the landlord and The Steven?s Group's Mark Stevens was at (not under) the table for the brewery. |
| Construction |
 |
| Boston College has started construction on an addition and interior renovation of the 64k SF former Chancery Building of the Boston Archdiocese. ARC/Architectural Resources Cambridge?sPhilip Laird will lead the design team on the project to deliver administrative and support space for BC?s University Advancement Department.***Construction has been completed on a $75M, 140k SF research center in Billerica for EMD Serono, an affiliate of Merck KGaA of Darmstadt, Germany. The new facility will further Serono?s cancer research and create nearly 100 new jobs. The team from construction manager Jones Lang LaSalle includes: Steven Wassersug, Mark David, Larry Carpenter, Karl Ginand, Gary Hodlin, Bill DePippo, Peter Carr, Dan Donahue, Don Mason,Jennifer Cronan, Dan Brown, Jeff Baldwin, Tom Daly, Bob Kelly,Josh Blake, Steve Pizzuto, Jason Russo, Jeff Baldwin, Mark Walraven, and Mike Kelly. Financing MassDevelopment has issued a $15M tax exempt lease on behalf of Hallmark Health System to renovate and equip facilities in northern cities and suburbs including: Lawrence, Stoneham, Reading and Malden. Bank of America purchased the lease. *** Eastern Bank, the state's largest community bank, says it will sellits interest in Fantini & Gorga to the CRE financing firm'smanagement team including industry vets George Fantini andJohn Gorga. |
