News
The Deal Sheet
November 3, 2011
| A suburban office start is always good news, even if it's preleased like Hobbs Brook Management's 160k SF building inNorwood that had its ceremonial ground-breaking on Thursday. |
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| The building is preleased to FM Global and Dedham Medical Associates. The celebration was so well attended, all we have room to say is, that the development team sand box players are: FM Global?s Tom Lawson, Ray Phillips and Carmen D?Angelo; Hobbs Brook Management's Tom Dusel and Don Oldmixon; Dedham Medical Associates CEO John Parker; Norwood Selectwoman, Helen Abdallah Donohue, Margulies Perruzzi Architects? Marc Margulies, FMGlobal?s Lisa Rudenstein, Columbia Construction Co's Jim Marsh and FM Global?s Mike Turner.*** |
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| Berkeley Investment is moving ahead with the development of a$17.5M, 44-unit rental apartment building at 381 Congress St in Fort Point. It will renovate the old Boston Wharf warehouse into 44 housing units with ground-floor retail. The project includes 28workforce units, which are smaller than market size with lower rents and 16 extended-stay units |
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| On Friday, BOND topped off construction of Boston University's $50M East Campus Student Services Center at 100 Baystate Rd in Boston. The 122k SF structure will house dining services, career services and the educational resource center when it opens June ?12. Officiating were: BOND CEO Ed Bond, MayorTom Menino, and BOND director of operations Kevin Cooke who all signed the beam just before it was hoisted to the top of the structure.*** MassDevelopment has provided a $1.5M loan to renovate 42k SF for the relo and expansion of SCHOTT North America from Indianato Massachusetts? Southbridge Business Center. *** Benchmark Senior Living recently broke ground in Bedford, N.H.on a 76k SF residence with CE Floyd and Bechtel Frank Erickson Architects. The project, to be completed in a year, will be LEED Silver certifiable. *** An affiliate of Cresset Group is seeking permits to develop 190rental apartments at a site with an old warehouse on it that Cresset recently acquired for $7.3M, 411 D St in the waterfront. It plans to build two buildings with ground-floor commercial uses; one would be six stories with 90 apartments and the other, five stories with 100 apartments.LEASING Rosa Mexicano restaurant has sign up for 8,000 SF for 15 yearsat Seaport West with a ?12 opening planned. Corporate Realty Advisors repped the eatery and Colliers International Retail Services repped the landlord, Pembroke Real Estate. |
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| The MBTA awarded Suffolk Construction its $15.3M Revere Transit Facility and Streetscape design-build project. Construction started recently and will be completed next summer. The aim is to provide safer and more convenient pedestrian connections between Wonderland Station, adjacent neighborhoods, and Revere Beach. The MBTA station will remain operational throughout construction. Suffolk?s design-build partner is AECOM, and Arrowstreet is the design architect and consultant. Funding came from a $20M Transportation Investment Generating Economic Recovery grant from the US DOT through the City of Revere.*** Commonwealth Ventures and Bentall Kennedy selected CBRE/NEto lease the 400k SF available at 50 Post Office Square, the historic Art Deco building that once was the New England Telephone HQ. Formerly known as 185 Franklin St, the renovated building will have updated amenities and new retail space. *** Gutierrez Co selected Cassidy Turley FHO to lease the office, R&D space at 600 Technology Park Dr in Billerica. Already, Avaya,renewed for 137k SF for 10 years, the broker announced. Plans to renovate the 20-year-old building include a new lobby, improved exterior fa ade and updated landscaping and signage to be ready by spring ?12.EXECUTIVE MOVES CBT announced several principal-level appointments including new pricipals Haril Pandya, Kishore Varanasi, Paul Viccica andEric Vogel. Named as associate principals are: Joe Bettencourt,John Carlson, Jackie McGee, Sharon Steinberg, Kathy McMahon, Dave Madson, Phil Casey, Chad Reilly, Ken Lewandowski, and Ellen Perko.COMPANY NEWS Pasadena-based Jacobs Engineering announced on Tuesday that it has acquired KlingStubbins, which will now be known as a Jacobs company. KlingStubbins has about 500 employees in the US (including Cambridge) and Asia. The architecture, engineering, and interiors firm has special expertise in science and technology that Jacobs says will be especially valuable in its growth markets. |
| HELP ? Financial Aid is needed for 24 families that lost their homes after a six alarm fire at Wardman Apartments in Roxbury. Contact: Leroy Stoddard 617 989.9305,lstoddard@urbanedge.org. |
