This Week's Boston Deal Sheet
KPMG is apparently happy with its home at Two Financial Center in downtown Boston.
The firm has expanded its occupancy at the 12-story tower to 56% of the building’s 220k SF, and will now occupy the entire seventh floor. KPMG moved into the building in 2010. Two Financial Center is leased and managed by Lincoln Property Co, which repped owner ASB Real Estate Investments, while C&W repped KPMG in the deal.
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Industrial distributor HD Supply has re-upped its 152k SF lease at 100 Meadow Rd in Boston, a 433k SF warehouse and distribution building in the Boston Business Park. Landlord National Development was repped by Transwestern RBJ, while Colliers International handled negotiations on behalf of HD Supply.
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Nonprofit organization Partners in Health has found a new home in Boston. The healthcare organization will be relocating from 888 Commonwealth Ave, where it occupied nearly 22k SF, to 800 Boylston St, where it will have 37k SF. Cresa Boston repped PIH, while landlord Boston Properties repped itself.
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Sales
Hamburg, Germany-based Union Investment Real Estate has acquired the Converse HQ on Boston’s Lovejoy Wharf for $150M. The HQ building is part of Related Beal’s Lovejoy Wharf redevelopment, which will include a waterfront park and a luxury residential building.
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The Green Cos has purchased a 39-acre property at 466 Chestnut St in Ashland for $3.1M, with an eye towards a senior-living residential project known as The Lanterns at Warren Woods. Colliers International repped both the seller, Cloverland Properties, and the buyer.
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The Four Points Sheraton at 407 Squire Rd in Newton is in the hands of new owners. Fingerpoint Hospitality has acquired the 180-room hotel for an undisclosed amount from KW Development, which was repped by HFF.
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Financing
CBRE/New England’s Multifamily Debt & Finance Group has secured a $23.5M first mortgage loan to refinance the existing debt on Cabot Crossing on behalf of property owner Taurus CD 165 Bowden Street MA LP. The 252-unit multifamily garden property is at 130 Bowden St in Lowell, and was acquired and upgraded by the owners in 2013.
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HFF has arranged a $30.39M refinancing for 10 Fawcett St on behalf of borrowers Griffith Properties and Artemis Real Estate Partners. The six-story, 134k SF office building is fully leased, and was most recently renovated in 2011.
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Atlantic Management Corp has refinanced 200 Forest St, a 542k SF R&D facility in Cambridge occupied by GE Healthcare and Quest Diagnostics. Colliers International’s capital market group arranged the $87M financing on behalf of the owner.
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This and That
A former Holiday Inn has undergone extensive, multimillion-dollar renovations, and come back to life as the 127-room DoubleTree by Hilton Boston-Rockland. The hotel is at 929 Hingham St, and features a business center, meeting space, a ballroom, and a bar and grill restaurant.
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Cushman & Wakefield has new additions to its roster in Boston. The company has lured the Eastdil Secured team of Peter Joseph, Brian Barnett and Steffen Panzone to join its investment sales practice.
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The approval process is underway for a $200M mixed-use development at 150 Seaport Blvd. Cronin Holdings is proposing a 22-story, 283k SF building that will include 124 residential units and over 10k SF of commercial and retail space.
