The Real Reporter V6.26 November 17, 2014

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Sheafe Topic

BOSTON — Whether the supply ofproduct or investor interest dries upfirst is unclear, but for the moment,

there appears tobe plenty of bothdriving multifami-ly sales acrossm e t r o p o l i t a nBoston to a feverpitch, with prop-erties the morecentered in the

urban core the better. In that envi-ronment, Boston Realty Advisorsis bracing for a robust response to 37Sheafe St., a small but supremelylocated eight-unit apartment build-

THE REAL REPORT

NOVEMBER 14, 2014

A COMPENDIUM OF COMMERCIAL PROPERTY & CAPITAL NEWS

THIS WEEK’S ISSUEStaying Power . . . . . . . . . . . . . . . . . . 2Influence Lines. . . . . . . . . . . . . . . . . . 5Harvard Business . . . . . . . . . . . . . . . . 6A Triple Lutts . . . . . . . . . . . . . . . . . . . 8Joint Tenancy . . . . . . . . . . . . . . . . . 10 BY JOE CLEMENTS

CAMBRIDGE — It mightsurprise some thatCBRE Global Investors

has not held an office proper-ty here or across the CharlesRiver since harvestingBoston’s 101 Arch St. nineyears ago, but the LA-basedinvestment manager haschanged all that practicallyovernight by spending $445million on the Hub’s 100 High

C&W Industrial Listings Could Top $45M

Jennifer Price

BY JOE CLEMENTS

FRANKLIN — As the desirefor industrial real estatecontinues to escalate

alongside market occupanciesand rental rates, owners areresponding by bringing assetsto the sales block, a trendexemplified in two fresh list-ings by Cushman & Wakefieldthat could collectively exceed

BY JOE CLEMENTS

WOBURN — Afterseven years of owner-ship, KS Partners is

offering its regional head-quarters here at 130 NewBoston St. for sale throughexclusive agent JLL, butprincipal Kambiz Shahbazisays this week his firm hasno intention of relocatingfrom the three-story, 55,925-

37 Sheafe St., Boston MA

JLL Selling 130 New Boston St. for KS

continued on page 30

$445M CBRE Global Office PurchasesSign of Confidence in Boston, Alewife

12 Forge Park Dr., Franklin MA continued on page 34

continued on page 28 150 CambridgePark Dr., Cambridge MA

continued on page 35 130 New Boston St., Woburn MA

2 THE REAL REPORTER November 14, 2014

WELLESLEY — Framed by Routes 9and 128, Wellesley Gateway is knownfor the office park’s superior access,

but turns out getting there is a lot easierthan leaving, or so it would seem in a trio of

lease commitments fromexisting tenants in the272,500-sf office build-ing. Transwestern RBJ isexclusive leasing agentfor the 16-acre propertywhich is owned byC o m m o n W e a l t hPartners.

Anchor tenantHarvard Pilgrim HealthCare Inc. representedthe largest amount inthe three deals whichcollectively amounted to226,000 sf, all but100,000 sf leased onmultiple floors to HCHP.

The not-for-profit health services companywas advised by Neil Schneider of McCall &Almy, while the Wellesley Gateway advi-sors on that and the remaining leases are

principals Ron Friedman, John Lashar andJon Varholak and Senior VP Vicki Keenan.

Another major block of 80,000 sf wastaken down by Partners HealthCare, anintegrated health care system founded byBrigham and Women’s Hospital andMassachusetts General Hospital that hadheretofore been subleasing space in thebuilding. McCall & Almy principals JamesCanfield and Mary Lentz counseledPartners on its negotiations.

The third direct deal was also drafted off

a sublease, with 20,000 sf filled in an agree-ment involving financial advisory firm GW &Wade LLC. Cassidy Turley provided tenantadvisory services in that instance throughprincipal Joseph Fallon and Ryan Romano.None of the parties involved unveiled finan-cial details of the agreements which leavejust 46,000 sf remaining for a tenant con-stituency fast running out of options in theRoute 128 Central corridor. The landlordalso managed to sidestep two emerging

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Wellesley Gateway Deals Fill 226,000 SF

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Ronald Friedman

Vicki Keenan

November 14, 2014 THE REAL REPORTER 3

MichaelWolfson

PeterTrivelas

Associate Vice President

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Senior Vice President


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BY JOE CLEMENTS

AVON — An event plan-ning firm focused onhigh-end functions is

being welcomed here aftersigning a full-building leaseat 61 Strafello Dr., a dealnegotiated for both sides byNAI/Hunneman Commercial Co. The 10-yearcommitment between the landlord and PartyBy Design also includes an option to acquirethe 60,000-sf property owned by CurryWoodworking of Norwell, represented byNAI/Hunneman principal Catherine Minnerlyand Associate Ovar Osvold.

“It’s a real feel-good story,” saysNAI/Hunneman principal and PBD advisorJ.P. Plunkett who reports the move reflects growth by the firmwhich designs and runs lavish bat mitzvahs, birthday parties,corporate tilts and weddings, plus unique events customized for

61 Strafello Dr., Avon MA

Avon Becomes Party TownAs 60,000-SF Lease Signed

NEWTON — A former Filene’s Basementunit converted to multi-tenanted retailhas been sold for $13.2 million in an

exchange negotiated by Calkain Cos. The24,925-sf property at 215-217 Needham St.traded on a capitalization rate of 6.4 percent, alevel observers attributed to the asset’simpressive tenant roster, presence in a popularretail corridor and continued desire amongcapital to invest in the region. After Filene’sBasement was done in by bankruptcy, thebuilding’s ownership brought in Five GuysBurgers and Fries, Men’s Wearhouse andPetSmart, each signing net-leased deals run-ning 10 years and holding varying rental esca-lations which were deemed especially popularamong suitors.

Calkain Brokers $13.2M Newton Sale

Catherine Minnerly Ovar Osvold

J.P. Plunkett

Michael O’Mara

Patrick Nutt continued on page 26



MichaelWolfson

PeterTrivelas





We work harder to get better results for you, no matter whereyou want to go.









BY JOE CLEMENTS

AVON — An event plan-ning firm focused onhigh-end functions is

being welcomed here aftersigning a full-building leaseat 61 Strafello Dr., a dealnegotiated for both sides byNAI/Hunneman Commercial Co. The 10-yearcommitment between the landlord and PartyBy Design also includes an option to acquirethe 60,000-sf property owned by CurryWoodworking of Norwell, represented byNAI/Hunneman principal Catherine Minnerlyand Associate Ovar Osvold.

“It’s a real feel-good story,” saysNAI/Hunneman principal and PBD advisorJ.P. Plunkett who reports the move reflects growth by the firmwhich designs and runs lavish bat mitzvahs, birthday parties,corporate tilts and weddings, plus unique events customized for

61 Strafello Dr., Avon MA

Avon Becomes Party TownAs 60,000-SF Lease Signed

NEWTON — A former Filene’s Basementunit converted to multi-tenanted retailhas been sold for $13.2 million in an

exchange negotiated by Calkain Cos. The24,925-sf property at 215-217 Needham St.traded on a capitalization rate of 6.4 percent, alevel observers attributed to the asset’simpressive tenant roster, presence in a popularretail corridor and continued desire amongcapital to invest in the region. After Filene’sBasement was done in by bankruptcy, thebuilding’s ownership brought in Five GuysBurgers and Fries, Men’s Wearhouse andPetSmart, each signing net-leased deals run-ning 10 years and holding varying rental esca-lations which were deemed especially popularamong suitors.

Calkain Brokers $13.2M Newton Sale

Catherine Minnerly Ovar Osvold

J.P. Plunkett

Michael O’Mara

Patrick Nutt continued on page 26


MichaelWolfson

PeterTrivelas





We work harder to get better results for you, no matter where you want to go.










BY MIKE HOBAN

ACTON — With ren-ovations now com-plete and leasing

efforts ramping up for apair of Class B officecampuses along theRoutes 2 and 3 corri-dors, Campanelli andfrequent partner TrigateCapital are wageringthat their value-addexpertise will producesimilar results as previ-ous endeavors. Thepartners have teamedup on a number of suc-cessful projects since2010, with Trigate sup-plying the bulk of thecapital and Campanellihandling renovationsand property manage-ment. The properties,Strawberry HillCorporate Center in

Acton and 220/222 Mill Rd. in Chelmsford,were acquired out of bankruptcy lastJanuary from Wells Fargo (via C-III Realtyand NAI/Hunneman Commercial Co.) andhave undergone significant upgradesdelivered by Campanelli’s in-house con-struction arm.

The renovations at Strawberry Hill

(located at 289 Great Rd.) include a fullyrenovated and modernized front entrance,repaved parking lot, upgraded landscapingand exterior lighting, and a new energy-management system. Tenants now haveaccess to new onsite amenities including amodern fitness center, free Wi-Fi in com-

To achieve your goals, you will need a design team that has the resources available now, and has the design skills to deliver the very best solution to make your project successful for all. Consider McMahon Architects for architectural and interior design services on your next real estate investment. www.mcmahonarchitects.com | 617.482.5353

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Campanelli, Trigate Continue Suburban Platform

Strawberry Hill Corporate Center, 289 Great Rd., Acton MA


Robert DeMarco

Jack Kerrigan

James Lipscomb

BY MIKE HOBAN

BOSTON — For anyone seeking encour-agement that the face of commercialreal estate is changing to more accu-

rately reflect that of the general population,the NAIOP Annual Women of InfluenceLuncheon would certainly have been a goodplace to start. Approximately 200 women

from all facets of theindustry showed up atthe offices of NutterMcClennen & Fish thispast week to hear a panelcomprised of some ofGreater Boston’s mostrecognizable women inthe CRE industry.

And while panelsfrom prior years havebeen weighted moreheavily towards pioneer-ing women who enteredtheir careers at a timewhen women were a rar-ity in the industry, thefifth edition of this annu-al event featured three15-year veterans thatare still in their thirties.

This year’s panel dis-cussion was moderatedby prominent CRE attor-ney Marianne Ajemian,partner at NutterMcClennen & Fish, who

was joined by Heather Campisano, Chief ofStaff at the Boston RedevelopmentAuthority; Sara Cassidy, who leads theBoston acquisition team as ExecutiveDirector for JP Morgan; Sarah Lagosh,Director (investment sales) at EastdilSecured; and 40-year industry veteran JudyNitsch, founding principal and Chairman ofthe Board at Nitsch Engineering.

This year’s discussion focused on theimportance of recognizing, creating andaccepting opportunities in the market-place. Lagosh, Cassidy and Campisanoeach entered the field directly out of col-lege, but took divergent paths to their cur-rent positions. Lagosh says she “fell into”the business, landing a job in the researchdivision of Meredith & Grew (now ColliersInternational) with “zero” real estatebackground before embarking on a career

in investment sales there six months later.She is now a vital cog in one of the region’stop producing brokerage teams at Eastdil,with an expertise in the debt markets.

“I took a lot of opportunities, I raised my

hand and asked a lot of questions at a verymale-dominated brokerage firm that luckilyhad a few ladies there that led the way,”Lagosh recounted. “But you have to be con-fident in who you are and actually and trulybelieve that you can be impactful, because

if you believe it, people around you will rec-ognize it and let you take that opportunity.”Lagosh is still one of approximately 10women at Eastdil to have risen aboveSenior VP level internationally (Eastdil is a

wholly owned subsidiary of Wells Fargo)and she is often the only woman in the roomat deal closing dinners, but says she haslearned to use it to her advantage. “Womenbring a dynamic and a flexible perspective

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BY JOE CLEMENTS

BROOKLINE — Given the prime spotstraddling Coolidge Corner andBrookline Village, plus intense

demand for urban multi-family and retail in met-ropolitan Boston,NAI/Hunneman princi-pal Robert Tito has noasking price in listing75-87 Harvard St. for hisfirm’s client, explainingthe vagaries are tooskewed for normal valu-ation of the mixed-useasset that turned 100years old in 2010.

Instead, biddersthemselves will set thebar via a call for offersapproach after a view-

ing period where a dozen tours are alreadylined up for one day this week by theNAI/Hunneman team that includesAssociate Gina Barroso. While declining toidentify suitors, Tito says capital from New

York is in the mix, as are established localbidders from all quarters. “This showswhat a real drought there is for product ofits size and location,” Tito tells RealReporter of what he terms “an incredibleresponse” at the outset. “The little guyswant it, the big guys want it, and the in-

between guys want it,” he relays, creditingthe combination of 21 multifamily unitsand 6,000 sf of ground level and visiblefloor plates with street parking at a signal-ized intersection for fomenting thedemand.

Fervor Builds for Mixed-Use Brookline Asset

75-87 Harvard St., Brookline MA


Robert Tito

Gina Barroso


BY JOE CLEMENTS

DEDHAM — JLL’s latestRoute 128 listing isless heralded for what

the building is than where480 Sprague St. sits, the234,000-sf structure inmany ways a standard high-bay industrial facility com-mon along Interstate 495some 25 miles outsideBoston. The cachet of 480Sprague St. comes in beingone-third of that distancefrom the urban centerswhere consumer-orientedcompanies want their dis-tribution centers, explains JLL Capital Markets Vice PresidentRobert Borden, pointing directly to Macy’s and RestorationHardware, whose leases at the Dedham complex encompass 74percent of the space in separate agreements each extendinganother five years.

“That is a perfect example of how attractive the location is,”says Borden of two marquee retailers who eagerly snagged posi-tions in the property. Adds JLL Managing Director Frank Petz:“The whole thing in distribution these days is proximity todoorsteps and to rooftops . . . That’s driving everything” in theimproving industrial sector that has seen steady gains in occu-pancies and rents throughout New England. Thanks to so-calledhigher-and-better uses, nearly all industrial options save for afew—i.e. 480 Sprague. St.—have disappeared from Route 128within, relegated to the I-495 industrial corridor. In a reversecommute way, 480 Sprague St. can also service the bedroomcommunities such as Concord, Sudbury, Wayland, Weston andWellesley. “It is tough to beat the location,” says Borden, whoalso praises the stewardship of its owners, a partnership ofCalare and Hackman Capital that has invested $2 million in 480Sprague St. to create the first-class elements required to attractblue-chip tenants brought to the park through the leasing effortsof CBRE/New England.

The tight market bodes well for further leasing at 480

480 Sprague St., Dedham MA

Calare/Hackman Select JLLto Sell 234,000 SF in Dedham

Frank Petz Robert Borden

Richard SchuhwerkEd Jarosz



DANVERS — Living up to his recent desig-nation as North Shore Association ofRealtors’ Rookie of the Year, Keller

Williams broker Peter Lutts has facilitated thesale of three retail plazas, transactions totaling$5.65 million. Two local investors acquired theassets in three separate deals, with HolloranDevelopment LLC buying 35 and 47 Elm St. inDanvers and Dodge Street Realty Partners

LLC purchasing 1-7 Dodge St. in Beverly for $2.81 million. Sellerfinancing was obtained for all three assets.

The Beverly exchange was the largest dollar-wise and in thesize of the multi-tenanted property harvested by Prime RealtyTrust II to Dodge Street Realty principal Paul Herrick. Near Route

1-7 Dodge St., Beverly MA

Keller Williams Broker LuttsDoes Triple Trade for $5.6M

303 Congress Street | Boston, MA 02210www.naihunneman.com

CALL FOROFFERS

Attractive MIXED-USE corner building located in the desirable BROOKLINE VILLAGE submarket

� Strong occupancy

� Future growth

� Well maintained

� Easy access to downtown

� Preferred product type for domestic and foreign investors

ROBERT TITO Executive Vice President,

Principal 617.457.3231

[email protected]

GINA BARROSOAssociate

[email protected]

BOSTON — Gabrielle Beaudry has joinedCresa Boston’s growing commercial realestate office as an advisor, according to

officials at North America’s largest corporatereal estate advisory firm exclusively represent-ing tenants. Beaudry is working on Cresa’s sub-urban team with a concentration in the Route128 North corridor where she is helping ana-lyze market conditions, developing new busi-

ness, negotiating leases and offering strategic planning ideas tosupport the firm’s clientele. She had most recently worked as aterritory sales manager for Altria’s offices in Dallas and Syracuse.

Beaudry is familiar with both markets, having earned aBachelor’s degree in Marketing from the Whitman School ofManagement at Syracuse University and an MBA at SouthernMethodist University in Dallas via its Cox School of Business. Aresident of Charlestown, Beaudry is affiliated with the BostonYoung Professionals Club, New England Women in Real Estate,the Southern Methodist Alumni Association and SyracuseUniversity Alumni Club. Mentoring youth and volunteering withan animal rescue organization are among her endeavors givingback to the community. n

Cresa Boston Names New Director

Gabrielle Beaudry

Peter Lutts



Two Seaport Lane | Boston, MA 02210617.790.3000 | www.bg-l lp.com

STRAIGHT TALK™

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B`OSTON — CassidyTurley has announcedprincipal John J. Boyle

III’s selection for the 2014Spirit of Community Awardunveiled at the NorthAmerican Family Institute’s40th anniversary confer-ence held recently at theDoubleTree Hotel inDanvers in front of 700attendees and well-wishers.The commendation repre-sents highest honors givenfor exceptional service byNAFI, a provider of community and residential programs assistingat-risk children and families in nine states from Maine to Florida.

“We are so pleased to award John this prestigious award,”

NAFI Gives Top Award to John J. Boyle

L-R: North America Family Institute PresidentDr. Yitzhak Bakal, Cassidy Turley ExecutiveManaging Director John J. Boyle III and NAFIDirector of Operations and Training PaulLewis, Youth Link program.


NORWOOD — Hearkening back to its earlydays as a residential developer,Campanelli this past week broke ground

with partner Thorndike Development on a 262-unit multifamily community here at UplandWoods. The seven-building complex on 24acres is slated to begin moving residents in bynext summer with completion in early 2016.

Both partners have extensive residentialexperience, collectively having built and soldthousands of homes over a combined careerspanning six decades. Campanelli’s foundingbrothers were so prolific in constructing morethan 30,000 ranch homes in the US after theirfounding in 1947 that the style came to beknown as the “Campanelli Ranch,” a penchantthat evolved into the commercial real estaterealm where the Braintree firm has constructed more than 20

Upland Woods Apartments, Norwood MA (Rendering)

Campanelli, ThorndikeLaunch Upland Project

Daniel DeMarco

Jeff DeMarco


BY GARY P. LILIENTHAL AND ERIC T. SPEED

BOSTON — Massachusetts is nowamong a number of states permittingthe limited dispensing and use of mar-

ijuana and related products for medicalpurposes. After a resounding victory at thepolls in 2012, the state adopted “An Act forthe Humanitarian Medical Use ofMarijuana” (Chapter 369 of the Acts of2012) and its corresponding Departmentof Public Health regulations (105 CMR

725) enabling andregulating the estab-lishment of up to 35marijuana dispen-saries statewide. Thestatute and the regu-lations closely controlsome salient aspectsof the placement andoperation of the dis-pensaries, yet the real“devils in the details”that continue to beworked out are localland use issues in sit-ing and operating thisunique use.

Of the 35 potentialsites, the statute andthe regulations pro-vide for a maximum offive dispensaries per

county and a minimum of one per county.There are 14 counties in Massachusetts. Atpresent, there are seven counties withapplications in the “Inspection Phase,” thefinal stage of state review. Certain appli-cants with unapproved applications havebeen invited to submit applications for oneor more of the seven open counties.Applications are considered on a first come,first served basis. The state review processconsiders criteria such as the reputationand experience of the people applying,financial viability of the applicant, and localsupport or opposition to the application.Applications must be site specific. The onlystate regulation addressing siting statesthat, absent local requirements, each dis-pensary must be at least 500 feet from aschool, day care facility, or other type oflocation where children may gather.Beyond that, power is left to the localmunicipalities to institute land use controls.

A large number of municipalities, espe-cially locations with proposed dispensaries,have debated whether to institute regula-tions controlling this use. Similar to anyother business, the use of property for amarijuana dispensary will need to complywith local use and other zoning regulations.However, with this more impactful use cat-egory, municipalities arepursuing a myriad of con-trols over siting and opera-tion. While an outright banon dispensaries has beenstruck down by theMassachusetts AttorneyGeneral’s office, temporarymoratoria have beenallowed as a method ofdelaying the opening offacilities while local officialsdecide how best to handle zoning issues.

A number of municipalities have tai-lored specific “medical marijuana dispen-sary” use categories and adopted districtswhere the use may be allowed by specialpermit. New zoning regulations have beenadopted in Brookline, Brockton, Milford,Springfield and Newton. In locations suchas Salem, which have decided not tochange their existing zoning, determina-tions must be made on which existing usecategory will encompass dispensaries.Whether a facility can qualify under a gen-eral “Business” use category has yet to bedetermined. While that may be possible in

a community more receptive to the idea ofhosting a dispensary, it could also lead tocostly and delaying litigation.

Next in the local approval process is todetermine what terms or conditions must bemet for the approval of a dispensary in anallowed use district. Likely, each municipal-ity permitting such use will make its opera-

tion dependent upon theissuance of a special permitor a similar public hearingtype process. The use mayalso be made subject to dis-trict-wide, non-discre-tionary dimensional require-ments (e.g. setbacks, park-ing etc.) and other specificuse related restrictions.

These considerations andrestrictions are not unlike

those placed on Adult Entertainment Zones.Generally, special permits are governed byM.G.L. c. 40A §9. In short, they are a permit-ting safety net which gives the special permitgranting authority, usually the Zoning Boardof Appeals or the Planning Board, broad dis-cretionary authority to determine whether ause is “in harmony with the general purposeand intent of the ordinance or by-law.”

Marijuana dispensaries pose complicat-ed issues. A board will likely consider theeffect on other uses in the neighborhood, aswell as the applicant’s plans for its facilityand operation. Such matters will be raised

Dispensing Knowledge on MA Marijuana Law



REAL IDEAS

Gary P. Lilienthal

Eric T. Speed

The real ‘devils inthe details’ thatcontinue to be

worked out are localland use issues in

siting and operatingthis unique use.

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N O V 7 T H

MTG: $10,200,000 from Webster BankADD: 1 Railroad St., MilfordBWR: Railroad Street Holdings LLC, managedby Frank C. Romano

BUYER: I.O.G. Development Limited Partnership,managed by Joseph P. Diblasi, Arch Painting Inc.SELLER: Matthew P. Maggiore, trustee of AMPRealty TRPRICE/ADD: $3,438,000; 83 Cambridge St.,BurlingtonMTG: $2,720,000 from TD BankNOTES: Office property, constructed 1980;building size is 24,125, lot size is 1.3 acres;last sold for $190,000 in Sept. 1981

BUYER: 1K Mass Ave LLC, mgd. by Jonah JacobSELLER: Newmarket Square Associates II LLC,managed by John GormanPRICE/ADD: $3,075,000; 1000Massachusetts Ave., BostonNOTES: Industrial property, constructed 1915;building size is 24,000 sf, lot size is 40,175 sf;last sold for $3,350,000 in Aug. 2008

MTG: $3,000,000 from Eagle BankADD: 111 and 153 South St., SomervilleBWR: Boynton Yards Associates I LLC, mgd. byMichael C. Kennedy and Brian M. Mount

BUYER: Payal Hotel LLC, managed byKamleshkumar T. PatelSELLER: Nikitas Family Inns Inc., managed byNicholas M. Nikitas, president and treasurerPRICE/ADD: $2,940,000; 149 Main St., KingstonMTG: $2,632,825 from Bank of NewportNOTES: Motel property, const. 1967; 66 units;bldg. size is 70,200 sf, lot size is 2.9 acres; sellers’family ownership in property dates to April 1967

BUYER: Al Hamra Academy Inc., managed byHaroon Hashmi, pres.; Ziad Sandakli, treas.SELLER: Iqbal Ali and A.A. Farooq Ansari,trustees of South Street Realty TR PRICE/ADD: $2,600,000; 435 and 435RSouth St., ShrewsburyMTG: $1,074,000 from Iqbal Ali and A.A. FarooqAnsari of South Street Realty TR and Five PillarEducational TR and $1,452,000 from Bay State SBNOTES: Tax-exempt property, constructed1974; building size is 14,000 sf, lot size is 8.1acres; last sold for $1,130,000 in Jan. 2003

MTG: $1,500,000* from Enterprise B&T Co.ADD: 123 Independence Rd., ConcordBWR: C3 Development LLC, managed byMatthew B. SmithNOTES: *Construction mortgage

MTG: $1,247,000 from Enterprise B&T Co.ADD: 37 Commercial Dr., Winchendon BWR: R&T Hockey LLC, mgd. by Nabil Farooq, vp

N O V 6 T H

BUYER: 451 D Street LLC, mgd. byCommonwealth Ventures and Meritage PropertiesSELLER: SRI Ten Seaport Center LLC, managedby Shorenstein PropertiesPRICE/ADD: $169,750,000; 451D St. and 60-84 and 67-75 Fargo St., BostonMTG: $108,400,000 from Prima MortgageInvestment Trust LLCNOTES: Office property, constructed 1909;building size is 461,000 sf, lot size is 1.9 acres;last sold for $115.0 million in May 2012

BUYER: SPUS7 150 CambridgePark LP, mgd.by CBRE Global InvestorsSELLER: BRE/CPD LLC, managed byBlackstone Real Estate PartnersPRICE/ADD: $95,600,000; 150CambridgePark Dr., CambridgeNOTES: Office property, const. 1986, bldg. sizeis 286,325 sf, lot size is 5.7 acres; bldg. acq.along with 150 CambridgePark Dr. in June2011 for $81.5 million; see related sale below

BUYER: SPUS7 125 CambridgePark LP, man-aged by CBRE Global InvestorsSELLER: BRE/CPD LLC, managed byBlackstone Real Estate PartnersPRICE/ADD: $67,400,000; 125CambridgePark Dr., CambridgeNOTES: Office property, const. 1984, building sizeis 201,925 sf, lot size is 5.7 acres; buildingacquired along with 150 CambridgePark Dr. in June2011 for $81.5 million; see related sale above

MTG: $7,275,000 from Commerce B&T Co.ADD: 99 Conifer Hill Rd., DanversBWR: Danvers Properties II LLC, managed byJohn E. Kavanagh III, president and treasurer

MTG: $1,700,000 from Randolph SBADD: 221 Chestnut Ave. and 30 East CottageSt. and 34 Forbes St., U-1, BostonBWR: 221 Chestnut LLC and Oak Hill ParkLLC, managed by Diomid Bashkinov, VladimirProkupets, Fred Starikov and Stephen Whalen

BUYER: Prospect Commons LLC, managed byMelissa PiantidosiSELLER: Sunoco Inc.(R &M), managed byAnthony M. Williams, real estate manager

Commercial DealsMILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014

Shorenstein Properties has reaped $169.7 million after swapping Seaport Center in Boston’s emergingSeaport District to a pair of well-known investors, Commonwealth Ventures and Meritage Properties. The463,000-sf structure at 451 D St. that San Francisco-based Shorenstein paid $115 million for in May2012 was sold through Eastdil Secured’s Boston office at a substantial gain, its per-sf pricing of $366credited to increased occupancy and continued popularity of the emerging district where rents are nowahead of the Financial District. Home to several operations including the Boston Herald, Seaport Center’sblockbuster trade was first revealed at therealreporter.com on Nov. 3rd.



PRICE/ADD: $1,350,000; 434 McGrath Hwy.,SomervilleNOTES: Retail property, constructed 1960;building size is 1,325 sf, lot size is 36,600 sf;last sold for $10,000 in Aug. 1981

N O V 5 T H

BUYER: CPT 30 Inner Belt LLC, mgd. by AEW CapitalSELLER: Prologis Targeted U.S. Logistics FundLP f/k/a AMB U.S. Logistics Fund LPPRICE/ADD: $26,100,000; 30 Innerbelt Rd.,SomervilleNOTES: Industrial property, constructed 1968;first building size is 80,650 sf, lot size is 8.1acres; second building size is 115,250 sf; lastsold for $9,500,000 in Feb. 2004

MTG: $9,000,000 from Barclays BankADD: 33 Boston Post Rd., Marlborough BWR: BPR Equity Partners 2 LLC, mgd. by KS Partners

MTG: $6,500,000 from Harris BankADD: 343 Center St., Ludlow, 646 Summer St.,Springfield; and 298 Memorial Ave., West SpringfieldBWR: G.F. Enterprise II LLC, mgd. by George Fellows

MTG: $4,845,000 from Cape Cod Five Cents SBADD: 84 Belgrade Ave., Boston; 1160 NorthMain St., Randolph; 386 Washington St.,Stoughton; and 182 Onset Ave. and 2 WestCentral Ave., WarehamBWR: Papantoniadis Properties LLC, mgd. byAnastasia Papantoniadis & Gregory Papantoniadis

MTG: $1,800,000 from Salem Five Cents SBADD: 1174-1178 Cambridge St., CambridgeBWR: 1174-1178 Cambridge Street LLC, man-aged by Christos Kourtidis

MTG: $1,550,000 from Eastern BankADD: 43 Winter St., Units 2, 3,4 and 5, BostonBWR: Winter Street Condominiums LLC, man-aged by John Staunton

MTG: $1,500,000 from Dedham Institutionfor SavingsADD: 242 Dedham St., NorfolkBWR: Dedham Street Realty LLC, managed byChristopher Claropoulos, Basilios Glaropoulos,George Primpas and John T. Primpas

BUYER: Nea Zichni LLC, mgd. by Periklis KoutsourisSELLER: Victor AlexandropoulosPRICE/ADD: $1,375,000; 870 Worcester St.,Wellesley MTG: $1,031,250 from Mutual BankNOTES: Retail property; auto service station;building size is 3,500 sf, lot size is 13,550 sf;last sold for $400,000 in June 1994

N O V 4 T H

BUYER: Equity Partners LLC, Federal Street EquityPartners LLC and Peabody Equity Partners LLC,mgd. by Aegean Capital, c/o Constantine AlexakosSELLER: Cornerstone Real Estate Advisers, c/oMassachusetts Mutual Life Insurance Co.PRICE/ADD: $47,100,000; 24 Federal St., and3 Post Office Sq., BostonMTG: $14,329,045 from Wexford Holding Co.Limited, $16,609,339 from Boxwood VenturesLLC, $2,997,859 from Boxwood Ventures LLC and$4,872,000 from Wexford Holding Co. LimitedNOTES: Mixed-use properties; office and retail;24 Federal St. const. 1921; bldg. size is 74,400 sf,lot size is 5,625 sf; 3 Post Office Sq. const. 1905;bldg. size is 65,125 sf, lot size is 4,200 sf; proper-ties last sold for $33,200,000 in May 2003

BUYER: Watertown Gables LLC, managed byGables Group, AtlantaSELLER: Cresset W/S Venture LLC, managedby Cresset PartnersPRICE/ADD: $20,566,000; 202-204 ArsenalSt. and 58 Irving St., WatertownNOTES: 202-204 Arsenal St. a retail property,const. 1960; building size is 2,575 sf, lot size is5,225 sf; last sold for $800,000 in June 2008;58 Irving St. an industrial property, constructed1948; building size is 126,400 sf, lot size is 4.1acres; last sold for $5,825,000 in March 2008

BUYER: PSI Atlantic Haverhill MA LLC man-aged by Douglas M. McCarron and James G.Williams, MemphisSELLER: Hale Street Real Estate LLC, managedby Curtis Sweet and Kenneth SweetPRICE/ADD: $4,550,000; 9-15 Hale St. and 8and 14 Lewis St., HaverhillNOTES: Industrial property, constructed 1900;building size is 111,600 sf, lot size is 26,700sf; last sold for $327,500 in Aug. 2000

BUYER: PSI Atlantic Lawrence MA LLC, man-aged by Douglas M. McCarron and James G.Williams, MemphisSELLER: 51 South Canal Street LLC, managedby Curtis L. Sweet and Kenneth C. SweetPRICE/ADD: $3,800,000; 51 South Canal St.,LawrenceNOTES: Industrial warehouse, constructed1975; multiple units acquired at different times

BUYER: I Am The Walrus LLC, managed byF.W. Webb Co.SELLER: Lesley I. Shore, James W. Tragakis andWilliam J. Tragakis, trustees of TRAG Realty TRPRICE/ADD: $2,825,000; 33 Grove St.,WatertownNOTES: Industrial property, constructed 1989;building size is 37,425 sf, lot size is 1.1 acres;sellers’ ownership in property dates to April 1984


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Kimco Realty has pared off two Massachusetts retail assets purchased via a massive portfolio acquisitionin May from Bollard Group, among them the refurbished and expanded Westmeadow Plaza inWestborough. The buyers are principals of Ocean State Job Lot, a tenant there and at 260 Upper CountyRd. in Dennisport. Priced at $9.0 million when acquired by Kimco, the 200,000-sf Westmeadow Plaza at166-180 Milk St. traded for $10,847,722 to OSJ of Westborough, an entity managed by John D. Conforti,Alan Perlman and Marc Perlman. OSJ of Dennisport LLC paid $3,615,907 for 714 Main St. and 260 UpperCounty Rd., a 61,000-sf assemblage on 5.7 acres secured in the May deal for $2,500,000. It is unclearwhether a broker was involved in the latest transactions. The Bollard listing of two dozen retail centerswas handled by HFF’s Capital Markets team in Boston led by Senior Managing Director James Koury.

BUYER: SWH Realty LLC, managed by EvaHaley and Stephen W. HaleySELLER: Charles Yiakas, trustee of Trinity Realty TRPRICE/ADD: $1,900,000; 3 Southside Rd., DanversMTG: $1,425,000 from Institution forSavings in Newburyport and Its VicinityNOTES: Industrial property, constructed 1988;building size is 19,950 sf, lot size is two acres;seller’s ownership in property dates to April 1987

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MTG: $15,000,000 from Wells Fargo BankADD: 1 Commercial St., SharonBWR: Jumbo Capital PF Sharon LLC, Jay O. Hirsh

BUYER: South Shore Real Estate Investors LLC,c/o Life Care Centers of America Inc., TennesseeSELLER: HCRI Massachusetts Properties Inc.,c/o HCRI Inc., Toledo OHPRICE/ADD: $13,786,103; 309 Driftway, ScituateMTG: $50,000,000 from Wells Fargo BankNOTES: Nursing home, constructed 1976;building size is 45,750 sf, lot size is 4.9 acres;last sold for $8,500,000 in Dec. 2005

BUYER: Wayne at Columbia LLC, managed byDaniel Cruz Jr. and John B. Cruz IIISELLER: Wayne Apartments Project LimitedPartnership, John B. Cruz III, presidentPRICE/ADD: $12,000,000; 6-8 and 10-10ABellevue St. and 217, 467, 471, and 507-509Columbia Rd., BostonMTG: $20,659,070 from Eastern BankNOTES: Multifamily props.; 6-8 Bellevue St. const.1930; bldg. size is 11,800 sf, lot size is 4,375 sf;10-10A Bellevue St. const. 1901, renovated 1989;bldg. size is 7,675 sf, lot size is 21,950 sf; 217Columbia Rd. const. 1910, renovated 1989; bldg.size is 12,175 sf, lot size is 6,650 sf; 1920, reno-vated 1989; bldg. size is 10,825 sf, lot size is6,500 sf; 471 Columbia Rd. const. 1930, renovat-ed 1989; bldg. size is 10,125 sf, lot size is 6,575sf; 507-509 Columbia Rd. const. 1899, renovated1989; bldg. size is 9,850 sf, lot size is 3,750 sf

MTG: $9,888,352 from Middlesex SBADD: 89-93 Main St., AndoverBWR: Lincoln Essex OAV Manager LLC, mgd.by John W. Fenton

MTG: $8,400,000 from Seminole FundingResources LLCADD: 385 Quaker Hwy., UxbridgeBWR: SUNE SEM 3 LLC, mgd. by Suay Parikh

MTG: $7,000,000 from Nationwide LifeInsurance Co.ADD: 57 Bedford St., Lexington BWR: 57 Bedford LLC, mgd. by Ivy B. Freedman

BUYER: Cross Street Landing LLC, managedby Kenneth F. SommerSELLER: 26 Cross Street LLC, managed byDavid I. OppenheimPRICE/ADD: $6,000,000; 36 Cross St., Chatham MTG: $3,000,000 from 26 Cross Street LLCNOTES: Nine hospitality properties; first build-ing constructed 2000; building size is 2,975 sf,lot size is 2.1 acres; second building construct-ed 2000; building size is 2,975 sf; third build-ing constructed 1880; building size is 2,450 sf;fourth building size constructed 1890; buildingsize is 1,550 sf; fifth building constructed 2000;building size is 1,975 sf; sixth building, con-structed 1824; building size is 1,825 sf; seventhbuilding constructed 1960; building size is2,650 sf; eighth building constructed 1860;building size is 4,150 sf; ninth building con-structed 1860; building size is 2,600 sf; proper-ties last sold for $1,500,000 in Jan. 1998

BUYER: PSI Atlantic Brockton MA LLC, mgd.by Douglas McCarron and James Williams,Memphis TNSELLER: Montello Street LLC, managed byCurtis L. Sweet and Kenneth C. SweetPRICE/ADD: $4,900,000; 18-20 N. MontelloSt., Brockton NOTES: Industrial property, constructed 1900;building size is 67,225 sf, lot size is 1.2 acres;last sold for $1,350,000 in July 2008

MTG: $4,600,000 from Bank of AmericaADD: 2181-2195 Providence Hwy., WalpoleBWR: Witcher and Witcher LLC, managed byRichard W. Witcher and William L. Witcher

MTG: $4,500,000 from HarborOne BankADD: 910 Andover St. and 1352-1360 MainSt., TewksburyBWR: Fahey Place , mgd. by John D. Sullivan,president & treasurer

BUYER: Parkway Realty LLC, managed byBrian Reynolds, presidentSELLER: John P. Burke, Sally H. Burke, GeorgeW. Nolan and Robert C. Nolan, trustees ofRoscommon Healthcare Brook Farm Realty TRPRICE/ADD: $4,460,548; 1190 VFW Parkway,West RoxburyMTG: $10,200,000* from Capital One*NOTES: Nursing home, const. 1968; buildingsize is 44,075 sf, lot size is 64,050 sf; last soldfor $1,120,000 in Feb. 2005; *see related mort-gage/sales this date of 405 River St., Mattapan;and 5060 Washington St., West Roxbury

BUYER: Mattapan Realty LLC, managed byBrian Reynolds, presidentSELLER: John P. Burke, Sally H. Burke, andGeorge W. Nolan and Robert C. Nolan, trusteesof Roscommon Healthcare Brook Farm Realty TRPRICE/ADD: $3,733,973; 405 River St., MattapanMTG: $10,200,000* from Capital OneNOTES: Nursing home, constructed 1950;building size is 24,550 sf, lot size is 22,725 sf;last sold for $1,000,000 in Dec. 2001; *seerelated mortgage/sales this date of 1190 VFWPkwy. and 5060 Washington St., West Roxbury

BUYER: OSJ of Dennisport LLC, managed byJohn Conforti, Alan Perlman and Marc Perlman




Somerville and industrial real estate are getting a lot more respect these days, as evident in the $26.1million sale of 30 Inner Belt Rd. by Prologis to AEW Capital via a Cushman & Wakefield exclusive. The195,350-sf industrial facility that dates to 1968 was purchased by Prologis predecessor for $9.5 millionin Feb. 2004. The fully leased asset on eight acres in the evolving district near Sullivan Square has clearheights to 23 feet, 22 dock doors and two drive-in doors plus efficient column spacing and is among “ahandful of top-tier industrial properties located in Boston’s urban marketplace,” C&W Executive DirectorMatthew E. Pullen says of a property handled by the Capital Markets Group leadership including RobertE. Griffin Jr. and Edward C. Maher Jr. On top of high-end warehouse, 30 Inner Belt Rd. contains 20,000sf of office space.



SELLER: 450 Main Street 1719 LLC, managedby Kimco Realty Co.PRICE/ADD: $3,615,907; 714 Main St. and260 Upper County Rd., DennisNOTES: Retail properties, const. 1969; 714 MainSt. bldg. size is 25,800 sf, lot size is 2.9 acres; 260Upper County Rd. bldg. size is 34,500 sf, lot size is3.1 acres; last sold for $2,500,000 in May 2014.

BUYER: Charlton Kao, trustee of 1000Memorial Drive TRSELLER: Linda Rossi and Valerie Swett,Personal Representatives of The Estate of IreneLombroso and The Estate of Cesare T.Lombroso and Bank of America NAPRICE/ADD: $2,935,000; 1000 Memorial Dr.,CambridgeMTG: $2,160,000 from Cambridge Trust Co.NOTES: Multifamily property, constructed1900; four units; building size is 6,625 sf, lotsize is 2,800 sf; sellers’ family acquired proper-ty in Sept. 1955 for $19,450

BUYER: West Roxbury Realty LLC, managed byBrian Reynolds, presidentSELLER: John P. Burke, Sally H. Burke, GeorgeW. Nolan, and Robert C. Nolan, trustees ofRoscommon Healthcare Brook Farm Realty TRPRICE/ADD: $2,825,479*; 5060 WashingtonSt., West RoxburyMTG: $10,200,000 from Capital OneNOTES: Nursing home, const. 1960, renovated1985; building size is 13,075 sf, lot size is 33,700sf; last sold for $1,080,000 in April 2004; *seerelated mortgage/sales this date of 405 River St.,Mattapan; and 1190 VFW Pkwy., West Roxbury

MTG: $2,000,000 from TD BankADD: 677 and 683 Washington St., Brookline;and 11 Everett St., CambridgeBWR: Catherine T. Chan and David C.W. Chan

BUYER: TN Capital LLC, managed by ShuimuHuang and Steven F. SmootSELLER: Gerald P. Atkins Sr., trustee of AcesHigh Realty TRPRICE/ADD: $1,430,000; 803, 805 and 807Boylston St., BrooklineMTG: $840,000 from Eastern BankNOTES: Mixed-use property, const. 1900; resi-dential and retail; bldg. size is 6,650 sf, lot size is4,050 sf; last sold for $730,000 in March 2004

MTG: $1,000,000 from MassachusettsDepartment of Housing and CommunityDevelopment and $2,500,000 fromChinese Economic Development CouncilInc. and $12,135,000 from Eastern BankADD: 10 Oxford St., Boston

BWR: CEDC Oxford Ping On LLC, managed byDr. Edward Chiang, chairman

BUYER: International Church of God, mgd. byJoseph Simon, pres.; Vinsant Abraham, treas.SELLER: 3 Brothers Development Co., LLC,managed by Christopher EmiliusPRICE/ADD: $1,520,000; 24 Ray Ave., BurlingtonMTG: $700,000 from Eastern BankNOTES: Office property, constructed 1986;building size is 13,200 sf, lot size is 26,700 sf;last sold for $1,300,000 in Feb. 2005

MTG: $1,400,000 from North Shore BankADD: 624 and 628 Salem St., LynnfieldBWR: Reliable Properties LLC, mgd. by Michael DiOrio

BUYER: Tudor Cherry Investors II LLC, mgd. byAlan J. Doyle SELLER: Garland Holding Co. LLC, managedby Amy GarlandPRICE/ADD: $1,325,000; 82-84 SandwichRd., BourneMTG: $1,000,000 from Protective LifeInsurance Co.NOTES: Multifamily prop., const. 1970; eight-plusunits; bldg. size is 25,525 sf, lot size is 31,150 sf

O C T 3 1 S T

MTG: $1,200,000, $3,900,000 and$21,000,000 from Rockland Trust Co.ADD: On and off Agawam, Wareham andBourne Roads, and on Mast Road and offHalfway Pond Road, Plymouth MA

BWR: ADM Agawam Development LLC, mgd. byMichael Hogan, pres.; Laurence Mulhern, treas.

BUYER: OSJ of Westborough LLC, managed byJohn Conforti, Alan Perlman and Marc PerlmanSELLER: 180 Milk Street 1720 LLC, managedby Kimco Realty Corp.PRICE/ADD: $10,847,722; 166-180 Milk St.,WestboroughNOTES: Retail property, const. 1973; buildingsize is 163,825 sf, lot size is 15.7 acres; selleracquired property for $9,000,000 in May 2014

BUYER: ARCP WG Chicopee MA, managed byCole REIT Advisors IV, Phoenix AZSELLER: Ogden MA LLC, managed by RobertS. Farrington Jr.PRICE/ADD: $7,769,000; 1193-1195 GranbyRd., ChicopeeNOTES: Retail property, constructed 2008;building size is 13,000 sf, lot size is 1.3 acres;last sold for $7,343,750 in July 2008

BUYER: GIJV MA 3 LLC, mgd. by Greenfield PartnersSELLER: RAR2-Boston Industrial QRS-MA Inc.,managed by W. Todd Henderson, presidentPRICE/ADD: $4,940,000; 734 Forest St.,Marlborough MTG: $272,500 from German AmericanCapital CorpNOTES: Flex/industrial property, constructed1987; building size is 54,225 sf, lot size is 8.5acres; last sold for $4,437,275 in June 2005




Jumbo Capital has secured $15.0 million in Wells Fargo Bank financing on a cold-storage facility theHingham-based real estate firm owns at 1 Commercial St. in Sharon. Totaling just over 103,000 sf, the 12-year-old building sits on 9.9 acres near Interstate 95 and Routes 1 and 24. Jumbo Capital has held theproperty since Dec. 2009 when it paid $15,350,000, a discount to the $17,735,534 that 1 Commercial St.brought in Jan. 2006. In marketing materials, the building was touted for having 10 years of lease termremaining by the anchor tenant, and pegged the capitalization rate for a trade in the 7.5 percent sphere.Rental rates in the “landlord-friendly lease” include escalations of roughly 8 percent every five years.


MTG: $4,500,000 from TD BankADD: 110 Turnpike St., North AndoverBWR: Andover Gateway LLC, mgd. by Gary Darman

MTG: $3,224,212 from Enterprise B&T Co.ADD: 648-650 Old West Central St., FranklinBWR: Franklin Retail LLC, mgd. by Gregg Lisciotti

MTG: $3,120,000 from Silicon Valley BankADD: 47 Commercial St., U-B, U-C, 77Commercial St., U-2 and 421 Commercial St.,U-3, Provincetown and 116 Castle Rd., TruroBWR: 77A Commercial Street LLC, 421Commercial LLC, Labrador Landing LLC andMeeshawn Properties LLC, mgd. by Lyn Plummer

BUYER: GIJV MA 2 LLC, managed byGreenfield PartnersSELLER: RAR2 Boston Industrial QRS-MA Inc.PRICE/ADD: $2,950,000; 43 Manning Rd., Billerica MTG: $272,500,000 from GermanAmerican Capital Corp.NOTES: Flex/industrial property, constructed1984; building size is 40,025 sf, lot size is 4.4acres; last sold for $3,476,474 in June 2005

BUYER: GIJV MA 1 LLC, managed byGreenfield PartnersSELLER: RAR2-Boston Industrial QRS MA Inc.PRICE/ADD: $2,880,000; 35 Dunham Rd., Billerica MTG: $272,500,000 from GermanAmerican Capital Corp.NOTES: Flex/industrial property, constructed1984; building size is 66,950 sf, lot size is 5.7acres; last sold for $5,083,661 in July 2005

BUYER: Dodge Street Realty Partners LLC,managed by Paul HerrickSELLER: Frances J. Booras and J. Arthur BoorasJr. a/k/a John A. Booras Jr., trustees of PrimeRealty Trust IIPRICE/ADD: $2,816,649; 1-7 Dodge St., Beverly MTG: $2,466,649 from J. Arthur Booras,a/k/a John A. Booras Jr., and Frances J.Booras, trustees of Prime Realty Trust IINOTES: Retail property, constructed 1958;building size is 9,7 50 sf, lot size is 26,275 sf;last sold for $935,000 in Dec. 1988

BUYER: Constitution Apartments LLC, man-aged by Peter Alfe and Nicholas A. LeoSELLER: 917 Bennington Street Realty LLC,managed by Dianna TauroPRICE/ADD: $2,600,000; 917 Bennington St.,BostonMTG: $1,820,000 from East Boston SBNOTES: Funeral home, constructed 1950, reno-vated 1990; building size is 4,750 sf, lot size is16,150 sf; last sold for $357,500 in July 2013

BUYER: ARX Urban Whiting LLC, managed byErik Lien and Benjamin S. MollSELLER: Alex Realty Group LLC, managed byAndrew A. TsitosPRICE/ADD: $2,282,500; 81 Whiting St., LynnMTG: $1,660,000 from Eastern BankNOTES: Multifamily property, constructed 1900;21 units; building size is 16,650 sf, lot size is18,725 sf; last sold for $1,565,000 in Oct. 2005

BUYER: Hospitality Realty Group LLC, man-aged by Stephanie M. ConnonSELLER: Noreen E. MastroianniPRICE/ADD: $2,150,000; 106 Southville Rd.,Southborough NOTES: Retail property, constructed 2006;building size is 10,625 sf, lot size is 22,000 sf;last sold for $840,000 in Dec. 2009

BUYER: Holloran Development LLC, managedby Jeffrey S. HolloranSELLER: Denise K. Booras and Lisa C.Johnson, trustees of D&L Ventures LLCPRICE/ADD: $1,900,000; 35 Elm St., DanversMTG: $1,725,000 from Denise Booras andLisa Johnson, trustees of D&L Ventures LLCNOTES: Retail property, constructed 2009;building size is 4,600 sf, lot size is 18,300 sf;property last sold for $750,000 in April 2009

MTG: $1,500,000 from South Shore BankADD: 63 Jefferson Ave., SalemBWR: NSD Real Estate LLC, mgd. by DavidHynes, Shawn Hynes and Nicholas Osgood

BUYER: JASK Real Estate I LLC, managed byJoseph DonatoSELLER: Hamilton AP LLC, managed byAndrew B. PerkinsPRICE/ADD: $1,500,000; 25 Hamilton Ave., LynnMTG: $1,125,000 from Everett Co-Operative BankNOTES: Multifamily property, const. 1973; 18units; building size is 11,175 sf, lot size is12,200 sf; last sold for $1,500,000 in Nov. 2004

MTG: $1,400,000 from Santander BankADD: 48-50 Harvard Ave., BrooklineBWR: Norman Katz, trustee of Pine Realty Associates

MTG: $386,622 and $1,011,840 from NuvoBank & Trust Co.ADD: 19-23 Exposition Ter. and 1330 and1344 Memorial Ave., West SpringfieldBWR: Lattitude Realty LLC, mgd. by Jeffrey Daigneau

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MTG: $108,736,000 from JPMorgan Chase BankADD: 22 Water St., CambridgeBWR: Monogram Residential 22 Water StreetProject Owner LLC, f/k/a Behringer Harvard 22Water Street Project Owner LLC

MTG: $30,290,000 from Blue Hills BankADD: 2001 Washington St., BraintreeBWR: 2001 Washington Street LLC, managedby Demetrios J. Dasco and Tracy P. Goodman




The Maggiore Cos. of Woburn has harvested a long-held office building at 83 Cambridge St. inBurlington for $3,438,000 in an exchange with I.O.G. Development LP, an entity managed by ArchPainting Inc. principal Joseph Diblasi. The 24,125-sf building that turns 35 in 2015 sits on 1.3 acres nearRoute 128 and the Burlington Mall. Maggiore Cos. founder Paul Maggiore paid $190,000 for 83Cambridge St. one year after its completion. TD Bank financed I.O.G. Development with a $2,720,000mortgage.


MTG: $28,800,000 from New York LifeInsurance Co.ADD: 800 South St., WalthamBWR: U.S. REIF Watermill Center MassachusettsLLC, mgd. by Peter Palandjian, president andtreasurer, Intercontinental Real Estate Corp.

MTG: $4,855,946 from TD BankADD: 51 Crocker Rd. and 1600 Falmouth Rd.,CentervilleBWR: Bell Tower Corp., managed by John T.Callahan III, president

BUYER: Brendon Properties Danforth Green LLC,mgd. by Leslie Carey, Kevin Giblin & Kenneth MaySELLER: Danforth Green LLC, managed byTodd S. McDowellPRICE/ADD: $4,162,000; Off Riverpath Drive,Lots 1, 991, 1013 and 1015, Framingham MTG: $110,000,000 from MutualOne BankNOTES: Land parcels; lot size totals 47,225 sf

MTG: $3,750,000 from Arbor Commercial FundingPRICE/ADD: 32 Chestnut St., 38 and 44 EstesSt. and 8-10 and 12-14 Fortesque Ter., LynnBWR: EMRS Realty Group LLC, managed byCharles R. SciasciaNOTES: Multifamily props.; 32 Chestnut St. const.1913; nine units; bldg. size is 5,275 sf, lot size isone acre; 38 Estes St. constructed 1910; 15 units;bldg. size is 9,300 sf, lot size is 6,100 sf; 44 EstesSt. const. 1926; 26 units; bldg. size is 19,500 sf,lot size is 8,725 sf; 8 Fortesque Sq. const. 1913;six units; bldg. size is 4,425 sf, lot size is 2,625 sf;12-14 Fortesque Sq. const. 1913; six units; bldg.size is 4,000 sf, lot size is 225 sf; borroweracquired properties in July 2005 for $4.250,000

BUYER: Madden Realty Associates LLC, man-aged by John P. Madden Jr.SELLER: EJB Trust East Cross Street LLC, man-aged by Robert A. WakelyPRICE/ADD: $2,000,000; East Cross Street, WestBorder Road; and U.S. Route #1, Lot A, NorwoodNOTES: Land parcel; lot size is four acres; lastsold for $1,900,000 in July 2005

MTG: $1,540,000 from Georgetown BankADD: 119 R Foster St., Peabody BWR: RTW Realty LLC, mgd. by Richard Tower Jr.

MTG: $1,511,000 from Rockland Trust Co.ADD: 20 Holman Rd. and 4 Natalie Way, Plymouth BWR: Frank C. Dunlap Inc., managed by DavidHatton, president; FrankDunlap Jr., treasurer

MTG: $1,410,000 from The MilfordNational Bank and Trust Co.ADD: 22 Griggs Rd. & 81 West Millbury Rd., SuttonBWR: Daniel P. Kelley

MTG: $1,320,000 from Brookline BankADD: 2 Bates St., Danvers and 146 LawrenceSt. and 420 Pearl St., U-A, MaldenBWR: Triangle Inc., mgd. by Michael Rodrigues, CEO

MTG: $1,034,377 from Beverly BankADD: 141, 143 and 145 Marcella St., Boston BWR: Boston Real Estate Collaborative LLC,managed by V. William Avanessian, Brent A.Berc and Charles Patrick Haydon

MTG: $1,000,000 from HinghamInstitution for SavingsADD: 1411 Blue Hill Ave., 1 Faulkner Cir. and111-115 Stratton St., BostonBWR: Home Reconstruction LLC, mgd. by Vu Cuong

MTG: $1,000,000 from Avidia BankADD: 46 Cottage St. and 70 Elm St., WorcesterBWR: 70 Elm Street Property LLC, managed byHoussam Alkhoury

O C T 2 9 T H

MTG: $115,970,400 from MESA West CoreLending Fund LLCADD: 10 Post Office Sq., BostonBWR: SHIGO 10 PO Owner LLC, managed byGreenOak Real Estate and Synergy Investments

BUYER: BBWH Hospitality LLC, managed byWestmont Hospitality TR, HoustonSELLER: RBW LLC, managed by DevelopmentManagement VenturesPRICE/ADD: $48,600,000; 2-5 Battery Wharf,a/k/a 377-395 Commercial St., BostonMTG: $39,020,000 from Pacific Western Bank

NOTES: Hotel property built on waterfront pier;hotel constructed 2008 as condominium; 150rooms; building size is 89,625 sf, lot size is 2.6acres; last sold for $27.0 million in Aug. 2000

BUYER: Lynnway Assoc. LLC, mgd. by Charles PatsiosSELLER: General Electric Co.PRICE/ADD: $7,600,000; Lynnway, Gear Plant, LynnNOTES: Land parcel; lot size is 65.5 acres;seller’s ownership in parcel dates to Feb. 1971

MTG: $7,500,000 from Brookline BankADD: 111 Perkins St., BostonBWR: Jamaicaway Tower and TownhouseCooperative Housing Corp., managed by HyamKramer, president; Joan S. Freedman, treasurer

MTG: $3,972,700 from Walker & Dunlop LLCADD: 706 Huntington Ave., BostonBWR: 706 Huntington Limited Partnership, mgd.by Maria Sanchez, pres.; Elizabeth Galvin, treas.,c/o Mission Hill Neighborhood Housing Services

MTG: $3,643,000 from TD BankADD: 162 Cordaville Rd., Southborough BWR: Cordaville Associates LLC, mgd. by Kosta Baltas

MTG: $3,000,000 from Middlesex SBADD: Colonial Drive & Cross Street, 45 lots, BoylstonBWR: Barnard Hill Estates LLC, managed byYoussef B. Chehade

MTG: $1,000,000 from Realty Capital LLCADD: 381 Appleton St., Arlington; and 5 LanesEnd, FraminghamBWR: Reem Property LLC, managed byMohammad Abouchleih




Santander Bank has delivered $1,400,000 in financing to Pine Realty Associates, longtime owners of anapartment building at 48-50 Harvard Ave. in Brookline. Norman O. Katz is trustee of 48-50 Harvard Ave.,a 14,050-sf building near the Boston border at Commonwealth Avenue. Pine Realty has owned the 24-unit property since paying $210,000 in June 1976.


BUYER: City Point Place LLC, managed byStephen Thomas PitrowskiSELLER: Jason Penn, trustee of J&E Realty TRPRICE/ADD: $1,000,000; 893 East Second St.and 25 and 35 P St., BostonMTG: $6,000,000 from Mansfield Coop BankNOTES: 893 East Second St. an ind. property,const. 1940; building size is 8,100 sf, lot size is6,550 sf; 25 P St. a warehouse, const. 1950;building size is 1,200 sf, lot size is 2,175 sf; 35 PSt. const. 1950; building size is 5,400 sf, lot sizeis 2,750 sf; last sold for $325,000 in Dec. 1982

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BUYER: Charter Cross Street LLC, managed byPaul S. Brandes, presidentSELLER: Sixty Cross Street LLC, managed byCarl J. Martignetti and Carmine A. MartignettiPRICE/ADD: $10,500,000; 198 Hanover St.and 53 Salem St., BostonMTG: $6,500,000 from Santander BankNOTES: 198 Hanover St. a retail prop.; restaurant;bldg. size is 2,875 sf, lot size is 3,375 sf; 53 SalemSt. a mixed-use prop.; multifamily and retail; seller’sfamily ownership in props. dates to March 1968

MTG: $3,680,000 from Jeanne D’Arc CUADD: 201 Cedar Hill St., Marlborough BWR: Walker Realty LLC, mgd. by Robert Walker

BUYER: Belveron Mazur LLC, managed byBelveron Mazur Partners, San FranciscoSELLER: Mazur Apartments Associates LimitedPartnership, managed by Virginia Geary, FloridaPRICE/ADD: $2,800,000; 227-229 FayetteSt., LowellMTG: $4,080,000 from Red MortgageCapital LLCNOTES: Multifamily property, constructed1900: Mazur Park Apartments; building size is45,800 sf, lot size is 36,275 sf; seller’s owner-ship in property dates to March 1981

BUYER: Columbus Amory LLC, mgd. by Mai LuoSELLER: Dominion Inc., managed by EdmundI. Shamsi, president and treasurer PRICE/ADD: $1,650,000; 60 Amory St. and1641-1647 and 1693 Columbus Ave., BostonMTG: $300,000 from Edmund Shamsi and$1,237,500 from Brookline BankNOTES: Industrial props; 60 Amory St. const.1929; bdg. size is 5,950 sf, lot size is 4,450 sf;1641-1647 Columbus Ave. const. 1920; bldg. sizeis 6,350 sf, lot size is 9,150 sf; 1693 ColumbusAve. const. 1920; bldg. size is 11,150 sf, lot size is9,325 sf; last sold for $325,000 in Jan. 1996

MTG: $1,084,000 and $2,170,000 fromStoneham BankADD: 9 Lowell Ave., a/k/a 5-9 Lowell Ave., WatertownBWR: AH20 LLC, managed by Fred Starikovand Stephen Whalen

BUYER: Comanche Circle LLC, managed byJohn W. Davidowicz and Stephen M. SmolakSELLER: Arlington Funding Services Inc., man-aged by Dr. Alfred L. Arcidi, presidentPRICE/ADD: $1,380,000; 277 Salem St., HaverhillMTG: $1,380,000 from Arlington Funding Svcs.NOTES: Land parcel; lot size is 3.6 acres; lastsold for $325,000 in Nov. 1999

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BUYER: 350 East Fordham Road LLC andFordham Properties LLC, managed by EliBenatar, Englewood, NJSELLER: AA Olympic Plymouth LLC, ReversePlymouth LLC, SIMY Plymouth LLC, ZS PlymouthInvestor LLC and ZS Plymouth Shops LLC,, man-aged by Avy Azeroual and Zevi SchickPRICE/ADD: $21,200,000; 105 Shops at 5Way, PlymouthMTG: $10,300,000 from Peoples United BankNOTES: Retail property, const. 2004; bldg. size is117,000 sf, lot size is 17.2 acres; portion of prop.acquired by sellers for $29,000,000 in Dec. 2013

BUYER: Beaver Brook Properties LLC, mgd. byDouglas F. Dooley and Gerald J. LussierSELLER: JPMCC 2007-CIBC 19 Mill StreetLLC, managed by LNR Massachusetts PartnersPRICE/ADD: $5,145,000; 91-101 Mill St., DracutNOTES: Retail property, constructed 1900;multiple buildings totaling 72,100 sf, lot size issix acres; seller foreclosed on property in Sept.2012; prior sale of $900,000 in April 2005

BUYER: 757 Main Street LLC, managed byLeigh Ellen Frey and Stefan Thomas FreySELLER: Poseidon Realty LLC, managed byDale M.C. SinesiPRICE/ADD: $1,150,000; 757 Main St., f/k/a739 Main St., WalpoleMTG: $575,000 from Rockland Trust Co.NOTES: Retail property, const. 2000; car wash;building size is 2,200 sf, lot size is 2.3 acres;property last sold for $200,000 in Nov. 1999

MTG: $1,000,000 from Raymond C. Green Inc.ADD: 13 Wrentham Rd., WorcesterBWR: Reem Property LLC, managed byMohammad Abouchleih

MTG: $1,000,000 from JPMortgage LLCADD: 3529 Washington St., Jamaica PlainBWR: Burnett Realty Co., Inc., mgd. by DorothySullivan, pres.; John Sullivan, treas. and sec.



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BUYER: Seventy Four Beacon LLC, managedby Jacqueline R. McCoy, c/o Paul McCoy FamilyOffice Services LLPSELLER: Peter E. GeorgantasPRICE/ADD: $12,500,000; 74 Beacon St., 70Brimmer St., Boston NOTES: 74 Beacon St. a unit in low-rise con-dominium; unit size is 8,100 sf, unit last soldfor $3,528,000 in Sept. 2005; 70 Brimmer St.,Unit-211, a parking space

BUYER: Barclay LLC, managed by Peter J.Dupont and Christopher O’ConnellSELLER: Hayden C. Hurley, Sheron C. Loweand Christina C. Moore, trustees of The Craig131 Main Street Real Estate TRPRICE/ADD: $4,100,000; 131 Main St., NantucketMTG: $1,700,000 from Newburyport FiveCents Savings BankNOTES: Single-family Colonial, constructed1948; house size is 2,300 sf, lot size is 18,450sf; five bedrooms and three baths; sellers’ fam-ily ownership in property dates to April 1950

BUYER: Janet Barbookles and Jean-Marc MullerSELLER: Harlan LanePRICE/ADD: $2,800,000; 15 Rutland Sq., BostonNOTES: Single-family property, const. 1860; housesize is 4,000 sf, lot size is 1,500 sf; four bdrms.and 3.5 baths; last sold for $50,000 in Oct. 1974

BUYER: C. Todd Nichols & Nicole Cashwell NicholsSELLER: 17 Temple Road LLC, managed byGerard McDonoughPRICE/ADD: $2,750,000; 17 Temple Rd., WellesleyMTG: $1,400,000 from Wells Fargo BankNOTES: Single-family Cape, constructed 1949;house size is 2,650 sf, lot size is 21,375 sf; fourbedrooms and 3.5 baths; last sold for $1,050,000in Aug. 2013; Declaration of Homestead

MTG: $2,500,000 from Digital Federal CUADD: 370 West First St., BostonBWR: Joel B. Bard

BUYER: Leslie S. CareySELLER: Arthur Abraham and George AbrahamPRICE/ADD: $1,187,500; 60 Cartwright Rd.,WellesleyMTG: $2,390,625 from NorwoodCooperative BankNOTES: Single-family Ranch, constructed1900; house size is 2,025 sf, lot size is 1.9acres; four bedrooms and two baths

BUYER: 56 Gosnold Road LLC, managed byAlexandra B. Campbell and Colin J. CampbellSELLER: The Bryn Mawr Trust Co., PersonalRepresentative of the Estate of Andrew Stephan Jr.

PRICE/ADD: $1,892,500; 56 Gosnold Rd., OrleansMTG: $1,419,375 from First Republic BankNOTES: Single-family Colonial, constructed1925; house size is 3,100 sf, lot size is 34,850sf; six bedrooms and 3.5 baths; last sold for$530,000 in Jan. 1998

BUYER: Jason Hurd and Mallika Joy MarshallSELLER: Andrew Neher and Dawn NeherPRICE/ADD: $1,810,000; 331 Wellesley St.,WestonMTG: $181,000 and $1,267,000 from FirstRepublic BankNOTES: Single-family Colonial, const. 1984;house size is 4,350 sf, lot size is 1.6 acres; fourbedrooms and four baths; last sold for $921,250in June 1997; Declaration of Homestead

BUYER: Jeffrey S. Blecher and Jennifer Blecher SELLER: Peter K. BehnkePRICE/ADD: $1,700,000; 8 Pierce Ln., EdgartownMTG: $1,000,000 from Bank of AmericaNOTES: Single-family property, constructed1958; house size is 1,650 sf, lot size is 3,925sf; two bedrooms and two baths; last sold for$980,000 in Oct. 2007

BUYER: John P. Doddy and Una M. Doddy SELLER: Craig Elkind and Christine LaiPRICE/ADD: $1,600,000; 18 South Pond Rd.,West TisburyMTG: $1,120,000 from Stifel Bank & Trust

NOTES: Single-family property, const. 1999; housesize is 4,250 sf, lot size is 1.4 acres; five bdrms. and4.5 baths; last sold for $1,640,000 in Sep. 2006

BUYER: Jayant KaleSELLER: George J. McCarronPRICE/ADD: $1,450,000; 280 Beacon St.,U-41, BostonMTG: $1,160,000 from Guaranteed RateNOTES: Unit in mid-rise condominium; unitsize is 1,525 sf; three bedrooms and threebaths; unit last sold for $392,500 in Jan. 1990

BUYER: Arthur A. Simen and Birgitte SimenSELLER: Athar Chishti and Yasmin ChishtiPRICE/ADD: $1,412,000; 23 Hartford St., DoverMTG: $1,129,600 from Wells Fargo BankNOTES: Single-family Colonial, const. 2009;house size is 4,700 sf, lot size is 2.9 acres; fourbedrooms and 3.5 baths; last sold for $1,315,000in Aug. 2010; Declaration of Homestead

BUYER: Jonathan K. Dandrea and Farhana JanSELLER: Sujean SeoPRICE/ADD: $1,300,000; 22 Bellingham Rd.,BrooklineMTG: $1,040,000 from CitibankNOTES: Single-family Tudor, constructed 1932;house size is 2,600 sf, lot size is 6,300 sf; four bed-rooms and three baths; last sold for $1,145,000 inOct. 2009; Declaration of Homestead

Residential DealsMILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014

A venerable single-family Colonial steps from Harvard Yard has changed hands for the second time inless than three years, and more than double the $2,100,000 99 Irving St. traded for in Jan. 2012 to LunaProperties, an entity managed by John A. Ciccolo. In the latest exchange, Mark R. Bamforth and MoragBamforth paid $4,350,000 to secure the 5,575-sf residence that features six bedrooms, five baths andtwo half-baths. The property that sits on a 12,950-sf parcel dates to 1889 but was renovated this year.



BUYER: Jeffrey A. GelfandSELLER: Beth D. Levi, Personal Representativeof The Estate of Aida R. LeviPRICE/ADD: $1,290,000; 130 Mt. Auburn St.,U-208, CambridgeMTG: $200,000 and $450,000 from FirstRepublic BankNOTES: Unit in mid-rise condominium; unitsize is 1,425 sf; two bedrooms and two baths;unit last sold for $975,000 in Feb. 2003

BUYER: Dean Maines and Melinda MainesSELLER: George A. HaseltinePRICE/ADD: $1,250,000; 12 Oak St., NewburyportMTG: $937,500 from First Republic BankNOTES: Single-family property, const. 2014;house size is 3,800 sf, lot size is 11,325 sf; fourbedrooms and five baths; last sold for $365,000in April 2013; Declaration of Homestead

BUYER: Catherine Gonzales & Efren Flores-SerranoSELLER: Adriana Zighelboim & Jorge Zighelboim PRICE/ADD: $1,250,000; 2652Massachusetts Ave., Lexington MTG: $1,000,000 from EverBankNOTES: Single-family Colonial, const. 2012;house size is 4,025 sf, lot size is 25,825 sf; fivebedrooms and 3.5 baths; last sold for $1,290,000in Aug. 2012; Declaration of Homestead

BUYER: Dmitry Albert and Victoria AlbertSELLER: Ronna Aronson and Philip L. Cohen PRICE/ADD: $1,190,000; 155 Cotton St., NewtonMTG: $833,000 from US BankNOTES: Single-family Tudor, constructed 1930;house size is 2,500 sf, lot size is 9,150 sf; fourbedrooms and three baths; sellers’ family own-ership in property dates to Sept. 1963;Declaration of Homestead

BUYER: Marc Theermann & Phyllis TheermannSELLER: Marion Lathrop and William LathropPRICE/ADD: $1,100,000; 14 Winthrop Rd.,Wellesley MTG: $770,000 from Mortgage NetworkNOTES: Single-family Colonial, constructed1929; house size is 2,475 sf, lot size is 14,375sf; four bedrooms and 2.5 baths; last sold for$175,000 in Nov. 1981

BUYER: Adrienne Principe and Steven Principe SELLER: Marea F. AdamsPRICE/ADD: $1,050,000; 49 Cross St., ChathamMTG: $892,500 from Morgan StanleyPrivate BankNOTES: Single-family Cape, constructed 1942;house size is 1,450 sf, lot size is 7,875 sf;three bedrooms and 1.5 baths; last sold for$905,000 in March 2013

MTG: $1,028,000 from Mortgage EquityPartners LLCADD: 120 Seaver St., U-C-302, BrooklineBWR: Nina Tolkoff Rubin and Robert H. Rubin

BUYER: Kara H. BuzanoskiSELLER: Stuart L. PorterPRICE/ADD: $1,000,000; 26 Pequot St.,NantucketMTG: $650,000 from Cape Cod Five CentsSavings BankNOTES: Single-family Cape, constructed 1984;house size is 2,850 sf, lot size is 40,075 sf; fivebedrooms and three baths; property last soldfor $28,000 in June 1982

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BUYER: Mark Bamforth and Morag Bamforth SELLER: Luna Properties LLC, managed byJohn A. CiccoloPRICE/ADD: $4,350,000; 99 Irving St.CambridgeNOTES: Single-family Colonial, constructed1889, renovated 2014; house size is 5,575 sf,lot size is 12,950 sf; six bedrooms, five bathsand two half-baths; last sold for $2,100,000 inJan. 2012; Declaration of Homestead

BUYER: Sandhurst MV LLC, managed by WilliamDavenport, Brett Rousch and Bruce WiltsleSELLER: Mason T. Peltz, trustee of LambertsCove Realty TR PRICE/ADD: $3,100,000; 279, 281, 283 and285A Lambert’s Cove Rd., West Tisbury

NOTES: Pair of single-family properties, firsthouse constructed 1948; house size is 3,175sf, lot size is 3.2 acres; second house con-structed 1940; house size is 875 sf; two bed-rooms and one bath; seller’s family ownershipin property dates to March 1949

BUYER: Jacqueline BernatSELLER: Paola Maciocia and Antonio Visconti PRICE/ADD: $1,870,000; 31 Sheffield Rd., NewtonMTG: $100,000 and $1,000,000 from FirstRepublic BankNOTES: Single-family Tudor, constructed 1930;house size is 3,500 sf, lot size is 21,950 sf; fourbedrooms and 3.5 baths; last sold for $1,280,000in Aug. 2012; Declaration of Homestead

BUYER: RBA Flyers LLC, mgd. by Terrence MeckSELLER: Daniel P. Petrucci PRICE/ADD: $1,600,000; 52 Point St., ProvincetownNOTES: Single-family property, constructed1999; house size is 3,200 sf, lot size is 16,725sf; three bedrooms and 2.5 baths; property lastsold for $160,000 in Aug. 1999

BUYER: Eric Hoffman and Kathryn HoffmanSELLER: Lesanto Development Corp., mgd. byGary P. Lesanto, president and treasurerPRICE/ADD: $1,550,000; 19 Boulevard Rd.,Wellesley NOTES: Single-family property, constructed 2014;house size is 4,800 sf, lot size is 12,150 sf; fourbedrooms and five baths; last sold for $488,375in Oct. 2013; Declaration of Homestead


After more than three decades of ownership, Stuart L. Porter has harvested 26 Pequot St. in Nantucketfor $1,000,000, with Kara H. Buzanoski acquiring the single-family residence backed by $650,000 fromCape Cod Five Cents Savings Bank. The 30-year-old property features five bedrooms and three baths inits 2,850-sf frame. It is located on a 40,075-sf parcel Porter acquired for $28,000 in June 1982.




BUYER: Heema Kaul and John J. LeeSELLER: Domenico Gallinelli PRICE/ADD: $1,500,000; 163 Burlington St.,LexingtonMTG: $900,000 from Bank of AmericaNOTES: Single-family Ranch, const. 2014; housesize is 4,300 sf, lot size is 15,925 sf; five bed-rooms and four baths; property last sold for$395,000 in Jan 2010; Declaration of Homestead

MTG: $1,500,000 from The Cape Cod FiveCents Savings BankADD: 10 Case Rd., EdgartownBWR: Stephen Church

BUYER: Great Harbor Yacht Club Inc., man-aged by Martin Wayne, president; RobinWiessmann, treasurerSELLER: Jessie M. Brescher f/k/a Jessie M. GliddenPRICE/ADD: $1,425,000; 70 Union St., NantucketNOTES: Single-family Colonial, constructed1979; house size is 3,100 sf, lot size is 6,525sf; three bedrooms and 2.5 baths; last sold for$175,000 in Sep. 1989

BUYER: Brad MacCullochSELLER: Andrew B. Allen and Danielle W. AllenPRICE/ADD: $1,395,000; 30 Rutland Sq.,U-2, BostonNOTES: Unit in low-rise condominium; unitsize is 1,250 sf; two bedrooms and 2.5 baths;unit last sold for $962,500 in Nov. 2004

BUYER: Darren N. Porras and Catherine WentSELLER: Elite Home Builders LLC, managed bySteven F. VenincasaPRICE/ADD: $1,392,000; 82 Grosvenor Rd.,NeedhamMTG: $753,000 from CitibankNOTES: Single-family property, const. 2014;house size is 4,350 sf, lot size is 10,025 sf; fivebedrooms and 4.5 baths; last sold for $511,600in Aug. 2013; Declaration of Homestead

BUYER: Kenneth E. Lowry Jr. and John J. Lynah SELLER: Brian Lenihan and Courtney MartinPRICE/ADD: $1,380,000; 28 Nickerson St.,ProvincetownMTG: $200,000 from Seamen’s BankNOTES: Single-family Contemporary, con-structed 2013; house size is 1,700 sf, lot size is3,825 sf; two bedrooms and three baths; lastsold for $475,000 in Oct. 2012

BUYER: Kate E. Blair and Timothy D. Latham SELLER: Kelly Tomasello & Stephen TomaselloPRICE/ADD: $1,300,000; 44 Chestnut St., U-1, CharlestownMTG: $687,000 from Mortgage Network

NOTES: Unit in low-rise condominium; unitsize is 2,150 sf; two bedrooms and 2.5 baths;unit last sold for $872,775 in Aug. 2006:Declaration of Homestead

BUYER: MSW Chestnut Street LLC, managedby Samuel L. WolffSELLER: Community Resources for Justice Inc.,managed by John J. Larivee, president; ThomasJ. DeSimone, treasurerPRICE/ADD: $1,220,000; 64-66 Chestnut St.,CambridgeMTG: $2,000,000 from Cambridge SBNOTES: Single-family property, constructed1900; house size is 4,700 sf, lot size is 6,275sf; three bedrooms and two baths; last sold for$85,000 in March 1983; Declaration ofHomestead

BUYER: 15 Cedar Street LLC, managed byYvette A. BeemanSELLER: Eve Miriam Truchinetz and Ruth AnnMatilda TurchinetzPRICE/ADD: $655,000; 15 Cedar St., LexingtonMTG: $1,216,250 from Dedham Institutionfor SavingsNOTES: Single-family Cape, constructed 1920;house size is 1,525 sf, lot size is 15,025 sf;three bedrooms and 1.5 baths; sellers familyownership dates to Jan. 1960

BUYER: FHLP LLC, managed by Jonathan B.Penn and Linda A. Penn, Chestnut HillSELLER: David A. Weber and Glenna E. Major,a/k/a Glenna H. MajorPRICE/ADD: $1,212,500; 22 Cliff Rd., NantucketNOTES: Single-family property, constructed1790; house size is 1,600 sf, lot size is 3,050sf; three bedrooms and two baths; last sold for$1,150,000 in Sep. 2009

MTG: $1,186,000 from William Raveis MortgageADD: 94 Highland St., NewtonBWR: Melissa Davis Hartranft & William Hartranft

BUYER: Jeffrey S. Heier and Polly M. HeierSELLER: Colleen M. Baumbach and StephenR. Baumbach PRICE/ADD: $1,165,000; 104 Appleton St.,U-1, BostonMTG: $900,000 from Middlesex Savings BankNOTES: Unit in low-rise condominium; unitsize is 1,200 sf; two bedrooms and two baths;unit last sold for $328,000 in Nov. 1998

BUYER: Elizabeth Hayes WilsonSELLER: Edward E. Watts III, Executor of theWill of Merle Whitcomb and W. Arthur Whitcomb PRICE/ADD: $1,121,666; 7 Whitcomb Rd.,Dedham




Jumbo mortgage financing of $833,000 from US Bank has been used by Dmitry Albert and VictoriaAlbert to buy 155 Cotton St. in Newton from Ronna Aronson and Philip L. Cohen for $1,190,000. The2,500-sf, four-bedroom Tudor was constructed in 1930 on a 9,150-sf parcel. The sellers’ family owner-ship in 155 Cotton St. dates to Sept. 1963.


NOTES: Pair of single-family properties; firsthouse constructed 1752; house size is 8,900, lotsize 3.8 acres; nine bedrooms, five baths and twohalf-baths; second property constructed 1827;house size is 1,025 sf; two bedrooms and 1.5baths; sellers family ownership dates to Jan. 1958

BUYER: Jessica L. Pohl SELLER: Margaret D. Blodgett, f/k/a MargaretT. Darnton and Matthew C. BlodgettPRICE/ADD: $1,010,000; 651 Boston PostRd., WestonMTG: $113,000 from Avidia BankNOTES: Single-family Colonial, const. 1824;house size is 3,150 sf, lot size is 23,075 sf; threebdrms. and two baths; last sold for $950,000 inMay 2009; Declaration of Homestead

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BUYER: Patrick J. MeLampy SELLER: Charles F. Doe and Deborah J. DoePRICE/ADD: $13,200,000; 52 Ship’s EagleLn., OstervilleNOTES: Pair of single-family properties, firsthouse constructed 1880; house size is 9,625sf, lot size is 3.5 acres; seven bedrooms and 10baths; second house a Contemporary, con-structed 2004; house size is 3,500 sf; one bed-room and one bath; property last sold for$6,000,000 in May 2002

BUYER: Doris Toby Axelrod & Lawrence MarksSELLER: Howard N. LevinPRICE/ADD: $2,600,000; 1140 Beacon St.,U-101, BrooklineNOTES: Unit in low-rise condominium; unitsize is 2,875 sf; two bedrooms and 2.5 baths;unit last sold for $2,075,000 in Oct. 2004;Declaration of Homestead

MTG: $2,000,000 from Boston Private B&T Co.ADD: 634 Charles River St., NeedhamBWR: Richard J. Gaffey

BUYER: Sarah F. AlgerSELLER: John H. BrazillianPRICE/ADD: $1,725,000; 10 UpperTawpawshaw Rd., NantucketNOTES: Pair of single-family properties; first build-ing a Colonial, constructed 1999; house size is3,475 sf, lot size is 20,050 sf; four bedrooms and3.5 baths; second building constructed 2000;house size is 1,100 sf; one bedroom and one bath;property last sold for $280,000 in March 1999

BUYER: Ghita Akkar and Morad Elhafed SELLER: Annalise W. Roy f/k/a Ann A.Waterman and Kanishka B. Roy, a/k/aKanishka Bhattacharya

PRICE/ADD: $1,710,000; 17 Lawrence St., BostonMTG: $1,282,500 from Wellesley BankNOTES: Single-family property, constructed1865; house size is 2,525 sf, lot size is 800 sf;four bedrooms, two baths and two half-baths;last sold for $1,020,000 in March 2007

MTG: $1,590,000 from Boston Private B&T Co.ADD: 242 Shawmut Ave., U-3, BostonBWR: Brett A. Moss and Mimi Moss

BUYER: Paula S. GoldfarbSELLER: Peter P. FavatPRICE/ADD: $1,475,000; 535 North Ave., WestonMTG: $1,175,000 from William H. GoldfarbNOTES: Single-family property, const. 2008;house size is 3,825 sf, lot size is 40,075 sf; fourbedrooms and five baths; last sold for $445,000in July 2000; Declaration of Homestead

BUYER: 11-13 Kinnaird Street Realty LLC,managed by Ara G. BarsoumianSELLER: Richard Wong, trustee of the KinnairdStreet Real Estate TRPRICE/ADD: $1,175,000; 11-13 Kinnaird St.,CambridgeMTG: $881,250 from Reading Cooperative BankNOTES: Two-family property, constructed1854; building size is 2,650 sf, lot size is 4,925sf; seller’s family ownership dates to Aug. 1954

BUYER: Fallon Development Inc., managed byPeter A. Fallon, president and treasurerSELLER: Douglas Palmer and Melanie PalmerPRICE/ADD: $1,100,000; 21 Stanford Rd., WellesleyMTG: $2,500,000 from The Village BankNOTES: Single-family Colonial, constructed1960; house size is 2,300 sf, lot size is 20,075;five bedrooms and 3.5 baths; sellers’ familyacquired property for $75,500 in Aug. 1973

BUYER: Theodore Trevens and Courtney UrickSELLER: Baiany Real Estate Group LLC, man-aged by Houman BaianyPRICE/ADD: $1,070,000; 11 Teel St., ArlingtonMTG: $50,000 and $800,000 from Leader BankNOTES: Two-family property, constructed1900; building size is 2,100 sf, lot size is 4,825sf; building last sold for $562,500 in May2014; Declaration of Homestead

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MTG: $3,700,000 from MountainOne BankADD: 45 Garrison Rd., Hingham BWR: Tammy Devine

BUYER: BPRC LLC, managed by Fred D. KernSELLER: Cumberland Farms Inc.PRICE/ADD: $575,000; 1029 Pleasant St.,BridgewaterMTG: $2,313,000 from Bridgewater SBNOTES: Single-family property, constructed1800; building size is 1,850 sf, lot size is19,650 sf; two bedrooms and one bath; lastsold for $395,000 in Dec. 2006

BUYER: Peter Saldarriaga & Alexandra YurkovicSELLER: Brian Kwon and Kristina L. Kwon PRICE/ADD: $1,575,000; 40 University Rd.,U-2, BrooklineMTG: $1,260,000 from First Republic BankNOTES: Declaration of Homestead

BUYER: 39 Fuller Street LLC, managed byYuriy MatskevichSELLER: Jonathan K. Moy and Stephanie MoyNewberryPRICE/ADD: $1,500,000; 39 Fuller St., BrooklineMTG: $1,500,000 from Rockland Trust Co.




First Republic Bank financing totaling $1,448,000 has enabled Jason Hurd and Mallika Joy Marshall toacquire 331 Wellesley St. in Weston for $1,810,000 from Andrew M. Neher and Dawn K. Neher. The4,350-sf, four-bedroom Colonial was constructed in 1984 on a 1.6-acre parcel. The four-bedroom, four-bath property last sold for $921,250 in June 1997.


NOTES: Three-family property, constructed 1900;building size is 4,400 sf, lot size is 7,225 sf; sellers’family ownership in property dates to July 1961

MTG: $1,417,000 from The Bank of CantonADD: 23 Parker Ave., Scituate BWR: Colleen M. Geary a/k/a Colleen Gearyand Michael W. Geary a/k/a Michael Geary

BUYER: David F. Harris and Jane M. HarrisChildren’s TrustSELLER: John M. Harris and Kathryn L. HarrisPRICE/ADD: $1,300,000; 11 Crooked Ln.,Manchester-by-the-SeaNOTES: Single-family Contemporary, const.1982; house size is 4,725 sf, lot size is 41,175sf; three bdrms and three baths; last sold for$615,000 in Sep. 1986

BUYER: James S. MadejSELLER: Cory J. Schneider PRICE/ADD: $1,300,000; 220 WestSpringfield St. U-4, BostonMTG: $1,040,000 from Leader BankNOTES: Unit in low-rise condo; unit size is 1,500sf; two bdrms. and 1.5 baths; unit last sold for$940,000 in July 2012; Declaration of Homestead

BUYER: Jessica Dolce and John DolceSELLER: Giorgio Petruzziello & Patrizia PetruzzielloPRICE/ADD: $1,250,000; 145 Schoolmaster Ln.,DedhamMTG: $250,000 from CitibankNOTES: Single-family Colonial, const. 2013;house size is 4,550 sf, lot size is 2.7 acres; fourbedrooms and 4.5 baths; property last sold for$950,000 in Oct. 2013; Declaration of Homestead

BUYER: Laurel GalassoSELLER: Robert C. HagerPRICE/ADD: $1,175,000; 6 and 8 PebblePath, GloucesterNOTES: 6 Pebble Path a land parcel; lot size is875 sf; seller’s family ownership dates to Sept.1979; 8 Pebble Path a single-family Contemporary,constructed 1954; house size is 1,400 sf, lot size is13,950 sf; three bedrooms and two baths; seller’sfamily ownership dates to Feb. 1976

MTG: $1,172,500 from Mortgage MasterADD: 177 Coolidge St., BrooklineBWR: Judy A. Depaolis-Feingold and LisaDepaolis-Feingold

BUYER: Adam StevensSELLER: 302 Main Street LLC, managed byDavid GreaneyPRICE/ADD: $1,120,000; 302 N. Main St., CohassetMTG: $760,000 from Cambridge MortgageGroup

NOTES: Single-family Colonial, constructed1910; house size is 1,900 sf, lot size is 5.3acres; last sold for $554,000 in Jan. 2013;Declaration of Homestead

MTG: $1,098,000 from Wells Fargo BankADD: 721 Pleasant St., BelmontBWR: Frank F. Castagno and Lisa Castagno

BUYER: Brenton Keefer and Charlotte Keefer SELLER: Matthew Bray and Marianne BrayPRICE/ADD: $1,035,000; 57 Arrowwood Dr.,Scituate MTG: $700,000 from NE Moves MortgageNOTES: Single-family Colonial, const. 2006;house size is 4,100 sf, lot size is 1.8 acres; fivebedrooms and 3.5 baths; last sold for $1,035,000in Sep. 2010; Declaration of Homestead

MTG: $1,010,000 from Century B&T Co.ADD: 44 Robin Rd., WestonBWR: Thomas H. Larsen

BUYER: Dorothy ScullySELLER: Amy Fleischer and Kurt T. MullenPRICE/ADD: $1,000,000; 23 Federal St.,Newburyport MTG: $583,000 from Enterprise Bank &TrustNOTES: Unit in low-rise condominium; unitsize is 2,400 sf; four bedrooms, three bathsand two half-baths; last sold for $1,108,000 inDec. 2003

O C T 2 0 T H

MTG: $2,177,500 from Mortgage MasterADD: 1311 Commonwealth Ave., Newton BWR: Beverly Koplan and Laurence Koplan

MTG: $2,100,000 from Goldman Sachs BankADD: 31 Sankaty Rd., NantucketBWR: Timothy Kelly

BUYER: Paul EvansSELLER: William F. Archibald, Alice M. Voglerand Susan G. ZimmermanPRICE/ADD: $2,025,000; 259 King CaesarRd., Duxbury NOTES: Single-family Colonial, constructed1900; house size is 4,025 sf, lot size is 32,225sf; four bedrooms and 2.5 baths; sellers familyownership dates to Nov. 1953

BUYER: Henry Livingston III & Susan LivingstonSELLER: Mary Kristen Bearse & Robert BearsePRICE/ADD: $1,550,000; 74 Rendezvous Ln.,BarnstableNOTES: Single-family Cape Cod, constructed1955; house size is 2,175 sf, lot size is 2.4acres; three bedrooms and three baths; lastsold for $800,000 in Dec. 1986

BUYER: Victor P. Haley SELLER: Christopher D. EmeryPRICE/ADD: $1,456,000; 94 Orange St., Nantucket




Jeffrey S. Blecher and Jennifer Blecher are the new owners of 8 Pierce Ln. in Edgartown, a 1,650-sf homepurchased for $1,700,000 from Peter K. Behnke.The seller had paid $980,000 seven years ago last monthfor 8 Pierce Ln., a two-bedroom, two-bath residence that Behnke bought for $980,000 in Oct. 2007.Dating to 1958, the property was financed by the Blechers with a $1,000,000 Bank of America mortgage.


MTG: $1,164,000 from Cape Cod FiveCents Savings BankNOTES: Pair of single-family properties; firsthouse constructed 1815; house size is 2,075sf, lot size is 4,775 sf; four bedrooms and sixbaths; second house a Cottage, constructed2001; house size is 250 sf; one bedroom andone bath; last sold for $995,000 in Jan. 2001

BUYER: Alexandra Laird & Schuyler Alexander LairdSELLER: Christopher L. CarterPRICE/ADD: $1,430,000; 219 Shawmut Ave.,U-219-3, BostonMTG: $730,000 from JPMorgan Chase BankNOTES: Unit in low-rise condominium; unitsize is 1,62 sf; three bedrooms and two baths;unit last sold for $940,000 in June 2010;Declaration of Homestead

BUYER: Nicole S. Ward and Rayon K. WardSELLER: Mohammed M. KhusroPRICE/ADD: $1,375,000; 296 Merrian St., Weston MTG: $893,750 from Mortgage MasterNOTES: Single-family property, const. 2013;house size is 5,125 sf, lot size is 1.4 acres; fivebedrooms and five baths; last sold for $1,100,000in April 2006; Declaration of Homestead

MTG: $1,250,000 from East Boston SBADD: 17 Foster St., MarbleheadBWR: Christina Spanos and Gregory Spanos

BUYER: Adil Haider and Saima HaiderSELLER: Elena Florintsev & Eugene Florintsev PRICE/ADD: $1,234,000; 41 Winter St., Weston MTG: $810,000 from Mortgage MasterNOTES: Single-family Contemporary, const. 1981;house size is 4,200 sf, lot size is 1.9 acres; fivebedrooms and six baths; last sold for $875,000 inNov. 2003; Declaration of Homestead

BUYER: Ruth GoldmanSELLER: Janine Altman and Jerome L. AltmanPRICE/ADD: $1,175,000; 12 Irvington St., NewtonNOTES: Single-family Victorian, constructed1900; house size is 2,600 sf, lot size is 12,350sf; four bedrooms and 3.5 baths; sellers’ familyownership dates to Dec. 1976

MTG: $1,117,500 from Cambridge SBADD: 25-27 Wait St., BostonBWR: Benjamin Tuck, trustee of 25-27 Realty TR

MTG: $500,000 and $1,100,000 from FirstRepublic BankADD: 22 North Stone Rd., SwampscottBWR: Raymond Bastarache

BUYER: Elise DeGemmis & Thomas DeGemmisSELLER: Lynora Caulfield and Scott Caulfield

PRICE/ADD: $1,075,000; 10 Shoal Water Rd.,Scituate MTG: $860,000 from NE Moves MortgageNOTES: Single-family Colonial, const. 2012;house size is 3,200 sf, lot size is 17,425 sf; threebedrooms and four baths; last sold for $320,000in Oct. 2011; Declaration of Homestead

BUYER: Gregory C. Carlevale, trustee of ArrisRealty TRSELLER: Nancy W. Cutler and Arthur B. PagePRICE/ADD: $1,025,000; 255 West St., DedhamMTG: $1,500,000 from Gregory C.Carlevale, trustee of JVG TR

NOTES: Single-family Cape, constructed 1946;house size is 3,850 sf, lot size is 5.7 acres; fivebedrooms and 4.5 baths; property last sold for$115,000 in July 1973

BUYER: Pearstown Development LLC, man-aged by Patrick MurtaghSELLER: Carolyn L. Sproul, Eleanor L. Youngand William C. YoungPRICE/ADD: $1,010,000; 97 Farragut Rd., BostonMTG: $808,000 from Needham BankNOTES: Two-family property, const. 1927; build-ing size is 3,000 sf, lot size is 3,175 sf; sellers’family ownership in property dates to Jan. 1949



An historically significant Weston Colonial has fetched $1,010,000 in its purchase by Jessica L. Pohl fromMargaret D. Blodgett and Matthew C. Blodgett. The Abraham Hewes Jr. House, circa 1824, encompass-es 3,150 sf with three bedrooms and two baths, and is located on a 23,075-sf parcel at 651 Boston PostRd. close to the Weston town center. Avidia Bank loaned Pohl $113,000 to acquire the residence thatpreviously sold for $950,000 in May 2009.

New York money reflects a desire toacquire at a deep discount to Gotham CREplus a familiarity of Brookline’s rich demo-graphics and the prized geography, opinesTito, pointing to Harvard Street’s proximi-ty to Boston and being in the emergingcorridor between Brookline Village andCoolidge Corner. “A lot of them have goneto school here or their kids have, and theyrealize what that location means and howit is only going to improve,” says Tito, atransformation evidenced right next doorto 75-87 Harvard St. by a recently con-structed Walgreens. “There are so many

positives, they know you aren’t going toget hurt,” says Tito.

There is anticipated upside from below-market rents and continuing improve-ments begun by the current owner, out-lines Tito, those including a new heatingsystem, roof and windows, while the interi-ors feature high-grade materials such asred oak flooring in the common areas. “It’sa nice building,” says Tito, who declined toidentify the client beyond explaining theowner’s west coast location was one reasonfor harvesting the asset, along with theprescient timing. Registry of Deedsrecords list Claddagh Ventures LLC as theowner, with the family control of 75-87Harvard St. dating to March 1966. n

75-87 Harvard Ave.continued from page 6

Corporation Directors/Registered Agents Address Nature of Business

Cleveland Circle Development Thomas M. Alperin, Brian Kavoogian, Stephen A. Kinsella, 2310 Washington St., Newton Lower Falls MA 02462 Dealing with interests in real estateAssociates LLC John J. O'Neill III and Theodore R. Tye, signatories

Point-LC1 LLC Samuel E. Park, signatory One Center Plaza, Ste. 910, Boston MA 02108 Develop, finance, invest in, lease and sell RE

Hierville Invest Ltd. Geoffrey de Carbonnel, signatory Principal office at 1659 Chevalets, route de la Croisette 26, Invest in & lease property in the Boston areaRougemont Switzerland

Boston Patriot Commonwealth Ave LLC Michael Trotsky, executive director & chief investment officer 84 State St., Ste. 250, Boston MA 02109 Real estate activities

Boston Patriot Congress Street LLC Michael Trotsky, executive director & chief investment officer 84 State St., Ste. 250, Boston MA 02109 Real estate activities

1322 Commonwealth Ave LLC Bruce Percelay, chairman; Joseph Bisognano, signatory C/o The Mount Vernon Co. at 29 Commonwealth Ave., 6th floor, Boston MA RE development and property management

44 Concord Square LLC Bruce Percelay, chairman; Joseph Bisognano, signatory C/o The Mount Vernon Co. at 29 Commonwealth Ave., 6th floor, Boston MA RE development and property management

Jumbo Capital Cambridge Partners LLC Howard Hirsh and Jay Hirsh, signatories 24 Shipyard Dr., Ste. 201, Hingham MA 02043 Commercial real estate ownership

Jumbo Self Storage Howard Hirsh and Jay Hirsh, signatories 27 Shipyard Dr., Ste. 201, Hingham MA 02043 Commercial real estate ownership

11-17 Newbury Street LLC Michael J. Boyce, manager 11-17 Newbury St., Quincy MA 02169 Develop, operate and own real estate

31-43 Nagog Park LLC Steven E. Goodman and John M. Matteson, managers; Principal office at 133 Pearl St., Boston MA 02110; Peter W. Shrair Buy, develop, lease, manage and sell REPeter W. Shrair, resident agent c/o Cooley, Shrair PC at 1380 Main St., Springfield MA 01103

Amesbury Hospitality LLC Alpesh Patel, Dhurmesh Patel, Dipakaben Patel, Principal office at 11 Rocks Rd., Seabrook NH 03874; MA office at Operate and own a hotelMahendrakumar Patel, Shailesh Patel, et al, signatories; 41 Bridle Ridge Dr., North Grafton MA 01536; William Chaff at William Chaff, resident agent 130 Parker St., Ste. 20, Lawrence MA 01843

Wingate Capital Investments LLC Michael Cope, David Gottler and Mark Schuster, managers 100 Wells Ave., Newton MA 02459 Interests in real estate

Bradvern LLC Jeffrey M. Brown and Howard S. Reef, signatories 1115 Westford St., Lowell MA 01851 Lease, operate, own and sell real property

SSI PR II Owner LLC John Sarokhan and Amy Ziegler, signatories C/o Prudential Real Estate Investors at 7 Giralda Farms, Madison NJ Develop and invest in real estate

MMS Mortgage Services Ltd. Timothy Crowley, pres.; Henry Mistele, treas. and sec. 15250 Windmill Pointe, Grosse Pointe Park MI 48230 Mortgage lending and servicing

BSM Murdock LLC Jeffrey Boyd and William Sullivan, managers; Principal office at 1 Atlantic St., Stamford CT 06901; Joseph Toomey Esq. Acquire, improve, lease and operate REJoseph Toomey Esq., resident agent at 365 Market St., Brighton MA 02135

Watertown Hotel Partners LLC William McQuillan, manager; Steven Eimert, resident agent Principal office c/o Boylston Properties at 800 Boylston St., Ste. 1390, Acquire, develop, finance, maintain and sell REBoston MA 02199; Steven D. Eimert c/o Sherin and Lodgen LLP at 101 Federal St., Boston MA 02110

WDC Concord Manager LLC Robert E. Shapiro and Mark Stebbins, managers 175 Highland Ave., Needham MA 02494 RE development & management, incl. hotels

OSJ of Wareham LLC John Conforti, Alan Perlman and Marc Perlman, managers; Principal office at 375 Commerce Park Rd., North Kingstown RI 02852; Acquire, lease, operate and own real propertyMichael A. Gamboli Esq., resident agent Michael A. Gamboli Esq. at 175 Union St., Ste. 500, New Bedford MA

Equity Resource Fund 2015 REIT LLC Eggert Dagbjartsson and Victor J. Paci, managers C/o Equity Resource Investments at 1280 Massachusetts Ave., Invest in real estate4th floor, Cambridge MA 02138

1 Carver Square Boulevard LLC Douglas Drew, Robert Drew and Stephen Drew, managers 301A Driftway, PO Box 376, Scituate MA 02066 Acquire, develop, lease, manage and sell RE

Vivint Solar Fund XV Project Company LLC Greg Buterfield, CEO 3301 N. Thanksgiving Way, Ste. 500, Lehi UT 84043 Solar energy systems

Pyramid Baton Rouge Investment LLC James Dina, Warren Fields and Richard Kelleher, managers One Post Office Square, Ste. 3100, Boston MA 02110 Deal in real property

Frank W. Tessitore LLC Frank W. Tessitore, manager 76 Bedford St., Ste. 38, Lexington MA 02420 Consulting services, incl. real property interests

33-35 Bowdoin Street LLC Michael Olson and Jan Steenbrugge, managers 28 Temple St., #1, Boston MA 02114 Real estate investment

Winn Solar 3 LLC Gilbert J. Winn, manager C/o Winn Development at 6 Faneuil Hall Marketplace, Boston MA 02109 Solar energy projects

Island Hospitality Management V Inc. Barbara Bachman, treasurer; Roger Pollak, secretary; 50 Cocoanut Row, Ste. 200, Palm Beach FL 33480 Hotel managementJeffrey Waldt, director

3235 Washington Street LLC Jonathan F. Block, manager 30 Newbury St., 3rd floor, Boston MA 02116 Deal in real property

148 Summer Street LLC Machelle Cherry, Hugh Pollard and Pierre Priestley, sigs. 10 South LaSalle St., Ste. 3100, Chicago IL 60603; and Hold title to real estate60 E. Rio Salado Pkwy., Ste. 1103, Tempe AZ 85281

Val 9 DGP LLC Patrick Clancy, signatory; Daniel M. Rosen, signatory C/o The Clancy Co. at 6 Prower Landing, Plymouth MA 02360 Create, finance and operate affordable and mixed-income housing

117 Kendrick DE LLC Eric D. Schlager and Robert A. Schlager, signatories 250 First Ave., Needham MA 02494 Buy, manage, mortgage and sell real estate

Berkshire Group LLC; in MA Mary Beth Bloom, David Doherty, Emily Durham, C/o the Berkshire Group at 1 Beacon St., Develop and invest in real estated/b/a Berkshire (Real Estate) Group Shereen Jones, Charles Leitner; Chris Nichols, Ste. 1500, Boston MA 02108

David Olney, et al, signatories

51-57 Beals Street LLC Lyndia Downie, signatory C/o Pine Street Inn at 444 Harrison Ave., Boston MA 02118 Deal with certain real property on Beals Street, Brookline MA

Dearborn Realty LLC Byron H. Locke and Donna L. Locke, managers; Principal office at 34 Upham St., Salem MA 01970; Paul Bernstein Real estate managementPaul Bernstein, resident agent c/o Bernstein Law Group PC 900 Cummings Ctr., Beverly MA 01915

Columbus and Over Group LLC Jeffrey Hamilton, manager; Erik Lien, resident agent Principal office at 75 Clarendon St., Ste. 305, Boston MA 02116; Real estate servicesErik Lien at 14 Temple St., #4, Boston MA 02114

500 Boylston Restaurant LLC John Conley and Mark W. Smith, managers Principal office at 2 N. Riverside Plaza, Ste. 2100, Chicago IL 60606; Acquire, lease and manage interests in REMA at 125 Summer St., Boston MA 02110

Massachusetts CorporationsOrganized November 3 - November 7, 2014





REEP-IND Aegean MA LLC Daniel W. Davitt, Richard B. Leber, Kevin M. Smith and 51 Madison Ave., NYC 10010 Acquire and hold title to real propertyRichard M. Walsh, signatories

70 Bremen Development Partners LLC Paul D. Marks and Richard Garraffo, managers 7 Columbia Ter., U-3, Brookline MA 02446 Acquire, lease, manage and own real estate

Fair Investments LLC David Spiegel, manager 128 Carnegie Row, Norwood MA 02062 Real estate and interests therein

Marciello 653 LLC Michelle Barker and Paul Barker, managers 7 Aldersgate Way, North Reading MA 01864 Lease, manage and own real estate

Congress & Ward LLC Mickey Northcutt and Jonathan M. Ofilos, signatories C/o North Shore Community Development Corp. at Dealing with interests in real estate102 Lafayette St., Salem MA 01970

57 Duncklee Street LLC Mario Pinto and Edward I. Shifman III, managers 11 John St., Newton MA 02459 Real estate activities

MAS Investment LLC Mashour Moukaddem, mgr.; Shaun Gasparini Esq., res. agent Principal office at 823 Newton St., Chestnut Hill MA 02467; Develop and invest in real estateShaun Gasparini Esq. at 470 Atlantic Ave., 4th floor, Boston MA 02210

306 Lexington LLC Nick Kohli and Sheela Murthy, managers 810 Beaver St., Waltham MA 02452 Invest in, lease, manage and sell real estate

ENT Realty LLC Pamela Dana-Snyder, MD, Russell S. Shu, MD; and 35 Pearl St., Brockton MA 02301 Deal in real propertyH. Dennis Snyder, MD; managers

Scenic Tree Holdings LLC Brian Lash and Wayne Murphy, signatories 500 Lincoln St., Allston MA 02134 Acquire, develop and manage real estate

33 Huron Development LLC Anthony Leonard Arone and Edward B. Cutting IV, managers 17 Willowdale Rd., Winchester MA 01890 Develop real estate

Six Cambridge Street LLC Alexander M. Milley and Linda E. Milley, managers 57 Thornberry Rd., Winchester MA 01890 Real estate acquisition, development,financing, leasing and management

Riverbed Inc. Kenneth L. Mackin, president, treasurer and secretary 7 Harvard St., Brookline MA 02445 Buy, develop, manage and sell real estate

Fenway Properties Inc. Michael J. Foley, manager 212 Linwood St., Lynn MA 01905 Commercial & residential RE sales and services

Lawrence S. Schreiber Architect Inc. Lawrence Schreiber, pres.; Malka Furst, sec.; Principal office at 922 E. Kennedy Blvd., Lakewood NJ 08701; Architectural servicesBrian Penschow, VP; Rabbi Yitzchak Zev Rabinowitz, res. agent Rabbi Yitzchak Zev Rabinowitz at 265 Fellsway East, Malden MA 02148

Ricci Real Estate LLC Adam William Ricci, manager 178 Shore Rd., North Reading MA 01864 Apartment building

Berkhill 11 LLC Alex J. Nobile and Susan W. Shoval, managers; Principal office at 30 East Northampton St., Wilkes-Barre PA 18701; Develop and manage real estateDavid M. Lazan, resident agent David M. Lazan at 785 Main St., Great Barrington MA 01230

HS Holdings LLC Todd E. Hickman and Stephen T. Sgroi, managers 980 Bay St., Springfield MA 01109 Hold real estate

Corey Street Realty LLC James P. Devellis and Paul Devellis, managers 15 Brent Rd., Lexington MA 02430 Acquire, develop and operate real property

38 Lyme Street Realty LLC James P. Devellis and Paul Devellis, managers 15 Brent Rd., Lexington MA 02430 Acquire, develop and operate real property

TPG Holdings LLC Tracy Goodman, mgr.; Michael Cabral Esq., res. agent Principal office at 18 Oriole Dr., Andover MA 01810; Michael Cabral Esq. Invest in real estatec/o Gelerman and Cabral LLC at 6 Beacon St., Ste. 1115, Boston MA

Olmsted Martin Group LLC Anthony Benigni and Philip Player, signatories 38 Spaulding St., Quincy MA 02169 Wealth management real estate investing and consultation

Kingfisher Properties LLC Patricia Maciel and Raymond Maciel Jr., managers 39 Bayshore Dr., Mashpee MA 02649 Dealing with interests in real estate

Jenkins RE LLC Christopher R. Jenkins and Patricia M. Jenkins, managers; Principal office at 75 Davis St., North Andover MA 01845; Develop, lease, manage and own real estateTrevor A. Hayden, resident agent Trevor A. Hayden at 37 Main St., Ste. 2, Concord MA 01742

339 Mass Ave LLC Colin Beatty, manager 339 Massachusetts Ave., Arlington MA 02474 Deal with certain real property

Randolph Partners LLC David E. Walsh, manager 1032 Pleasant St., Canton MA 02021 Real estate development

Marie Wu and Renee Wu LLC Marie Wu and Renee Wu, managers 7 Jason St., Arlington MA 02476 Real estate development

VinMak RE Holdings LLC Eric Mederos, manager C/o VinMark Lending Group Inc. at 3143 Independence Dr., Livermore CA Real estate

2 Beverly Drive LLC Abhayjit Bedi, managers 176 Auburn St., Auburn MA 01501 Develop, lease, operate, own and sell RE

Rabbit Run Properties LLC Curtis R. Nichols, manager 59 Hunting Hill Rd., Lunenberg MA 01462 Buy, lease, manage and sell commercial and residential real estate

822 Mt. Pleasant Street LLC Edward Walsh Jr., mgrs.; Daniel Vieira Esq., res. agent Principal office at 12 Blue Heron Ln., South Easton MA 02375; Real estate managementDaniel J. Vieira Esq., c/o Vieira & Digianfilippo Ltd. at 480 Turnpike St., South Easton MA 02375

Nova Title and Closing Services PLLC Morjieta Derisier, Shabnam Mashmasarmi and 42 Royal Crest Dr., Ste. 10, North Andover MA 01845 Real estate closing servicesJahanger Zaheer, signatories

Kaiser LLC John A. Carney, manager 40 Cross St., Winchester MA 01890 Acquire, develop, lease, own and sell RE

Welch Real Estate Holdings LLC Margaret Alexandra Bayha, mgr.; Richard Dubin, res. agent Principal office at 30 Norman Dr., Rye NY 10580; Richard S. Dubin at Hold and manage real estate1645 Falmouth Rd., Ste. 4A, Centerville MA 02632

AIT Realty LLC Catherine Murithi and Francis Ngigi, managers 280 Haverhill St., Lawrence MA 01840 Real estate

71 Willow LLC David McDermott and Ian McDermott, managers 7 Whitelawn Ave., Milton MA 02186 Acquire, develop and manage real estate

415 VFW Drive LLC Jeffrey Tassinari, John Tassinari, John Tassinari Jr. and 237 Old School House Ln., Hanover MA 02339 Develop, lease and manage real estateSusan E. Tassinari, managers

Dorchester Morrissey Boulevard LLC Ghassan Audi, manager 1154 William T. Morrissey Blvd., Dorchester MA 02122 Hold real estate

Stoughton Central Street LLC Ghassan Audi, manager 130 Central St., Stoughton MA 02072 Hold real estate





Chester Square Realty LLC Jennifer K. Brown, manager 17 Chester Sq., Gloucester MA 01930 Real estate and interests therein

WV Chestnut Development LLC Richard Whittington, sig.; Colin Coleman Esq., res. agent Principal office c/o Whitman Homes Inc. at 1200 Turnpike St., Canton MA; Low- and moderate-income housing Colin A. Coleman Esq. at 20 Pickering St., Needham MA 02492 development and related activities

7 Oakview Development LLC Ralph A. Jaeger, manager 188 Hillside St., Milton MA 02186 Real estate investments

155 Pleasant LLC Aldair Brito and Frank Hennessey, managers 287 Auburn St., Newton MA 02466 Real estate investments

Brilliant Corners LLC Elizabeth Blanchard and Peter Blanchard, signatories 135 Cottage St., New Bedford MA 02740 Real estate

Eamonn Holdings LLC Kirk Phillips and Frank Tassoni Esq., signatories 705 Washington St., Attleboro MA 02703 Develop and invest in real estate

Little Mansions LLC Karen Lee, manager 7 Arlene Ave., Wilmington MA 01887 Invest funds and make loans in real estate

100 Brainerd Road LLC Diane P. Gore, manager 1125 Commonwealth Ave., Allston MA 02134 Interests in real estate

Jungle Road Leominster Holdings LLC David Hecht, Haim Victor Cohen Saban and Principal office c/o Century Capital Partners LLC at 336 W. Passaic St., Finance and manage certain real property Allen Susser Esq., signatories Ste. 310, Rochelle Park, NJ 07662 in Leominster MA

ECS WALDRON LLC James B. Zuckernik, signatory Principal office c/o Waldron Engineering & Construction Inc. at Design and constructiion activities37 Industrial Dr., Exeter NH 03833; MA office at 28-B Carnation Cir.,Reading MA 01867

Wadsworth Realty LLC Allison L. Rocca and Jason A. Rocca, managers 2 Falcon Crest, Southwick MA 01077 Hold real estate

Durfee & Central Street Realty LLC Marcel Louro, manager 145 Fifteenth St., PO Box 1349, Fall River MA 02722 Lease, manage and own real estate

11 Holden LLC Lisa Sousa, manager 81 Boylston St., Brookline MA 02445 Invest in and manage income-producing RE

Golden Palace Realty LLC Daniele Lombardo, mgr.; Arthur Kerr II Esq., res. agent Principal office at 214 Park St., #1, Attleboro MA 02703; Real estate activitiesArthur R. Kerr II Esq. at 255 Washington St., Ste. 340, Newton MA 02458

Nevada Road LLC Mikhail Turetsky, manager 94 Winston Rd., Newton MA 02459 Develop, invest in, lease, manage and sell real estate in Massachusetts

Saville Development LLC Suzanne M. Pelich, manager 1915 Great Pond Rd., North Andover MA 01845 Develop and manage real estate

Calrae Properties LLC John F. Stracuzzi, manager 175 Carlson Ln., West Barnstable MA 02668 Buy, lease, manage and sell real estate

Racal Properties LLC John F. Stracuzzi, manager 175 Carlson Ln., West Barnstable MA 02668 Buy, lease, manage and sell real estate

Redline Ventures LLC Nicholas J. Lewis, manager 30 Gates St., #3, Worcester MA 01610 Acquire, develop, lease, operate and sell real property

1445 Beacon Street LLC Paul Bell and Matie Kestenberg, signatories 471 Dudley St., Newton MA 02459 Real estate

Landmark Realty LLC Anthony C. Alonge and Carmino R. Alonge, managers 38 North Main St., Carver MA 02330 Develop, finance, lease, operate, own and sell real property

Marciello 653 LLC Michelle Barker and Paul Barker, managers 7 Aldersgate Way, North Reading MA 01864 Lease, manage and own real estate

AJJ Family LLC Julie E. Jones, manager Principal office at 2970 Swan Rd., Ste. 221, Tuscon AZ 85737; Interest in real estateMA office c/o 2514 Main St., West Barnstable MA 02668


“The market displayed apent-up demand from all buyerpools for strong, stabilized net-leased property within the Route128 corridor,” Calkain DirectorMichael R. O’Mara outlines in apress release announcing thesale. National REITs, institution-al retail investors and “a host ofBoston-based real estate enti-ties” chased the deal, recountsO’Mara, a net-leased expert inCalkain’s Boston office whoworked with Florida-based colleaguePatrick Nutt to leverage the firm’s nation-al expertise on multi-tenant net leaseassets with deep local market knowledgeof the Boston MSA and specific assets tomaximize value for the sellers.

In the release, Nutt observes that basicreal estate fundamentals enhanced thestabilized property’s standing.“Considering the site is less than a milefrom Route 128 and features a five-milepopulation of nearly 140,000 with (annu-

al) incomes over $130,000, thiswas a strategic site for thesewell-known retail brands,” saysMcNutt. “The seller did a greatjob in retrofitting and renovatingan older asset, and given its loca-tion and size, it will be a trophyin any investor’s portfolio for along time to come.”

The seller is JPMCC 2007-CIBC19 Needham Retail LLC,while Northland 215 NeedhamLLC is the buying entity. TheCalkain Cos. is a commercial realestate brokerage firm which spe-cializes in assisting buyers and

sellers through all aspects of the net-leased process including advisory, broker-age, debt and equity placement and assetmanagement and research. The firm hasmultiple offices in the mid-Atlantic,Northeast, Midwest and Southeast. n

Calkain Salecontinued from page 3

215-217 Needham St., Newton MA


Sprague St., JLL outlines in marketingmaterials that peg the building as one ofonly three in the surrounding area with anavailable block exceeding 50,000 sf. Thereis 5.4 million sf of demand clamoring forClass A industrial that JLL research showsis now a mere 8 percent vacant while rentgrowth over the past year has risen by 10percent. Recent lease comps for top-ratedurban industrial has space hitting $15.50per sf. JLL would not divulge the achievedrents at 480 Sprague St.

Joining Borden and Petz as exclusiveagents are Capital Markets ManagingDirector Jessica Hughes and AssociateGeorge Gregory, while market guidance isbeing offered from Executive VPs EdJarosz and Rick Schuhwerk. Financingoptions are being provided by Senior VPs

Heather Brown and Jonathan Schneider. Other attractions of 480 Sprague St.

being touted by JLL include clear heightsto 22 feet, 66 loading docks and cross-dock facilities in place, plus being subdi-vidable with an efficient building depth

and modern mechanicals including heavypower capabilities, Eighty percent of theroof has been replaced at the propertyCalare and Hackman bought for $14.0 mil-lion in Aug. 2007 from Equity IndustrialPartners. n

JLL Dedham Listingcontinued from page 7

million sf. Hudson-based Thorndike has a30-year legacy focused on southeasternMassachusetts where the firm led by LloydGiesinger and Albert Stillman has built andsold more than 1,000 homes and receivedmore than 30 awards for its efforts, includ-ing six national designations.

Campanelli has owned the formerPolaroid Corp. complex in Norwood formore than a decade, and partner DanielDeMarco relays in the press release that itslandmark apartment community is a resultof “working closely and cooperatively withthe town of Norwood and with the UplandWoods neighbors” to create a positive out-come. “We are committed to delivering anattractive neighborhood that will benefitnot just those who choose to reside atUpland Woods, but all of Norwood and thesurrounding communities,” says DeMarco.

Other members of the project teambesides Campanelli Construction are KellyEngineering, Cube 3 Studio, BuildingEngineering Resources and Veitas andVeitas Engineers. Upland WoodsApartments will feature a range of stylesin the four-story buildings, each of whichwill have elevator service and a range ofother amenities. Along with a clubhousepool, the neighborhood will feature tree-lined streets and sidewalks, “inviting pub-lic spaces perfect for an early morning

walk and integrated garages accessedfrom real alleys reminiscent of Boston’sBack Bay,” conveys Thorndike PresidentLloyd Geisinger, explaining the communi-ty has been laid out on the principles ofTraditional Neighborhood Design.

“People who value neighborhood andcommunity will find Upland WoodsApartments to be cut from a differentcloth,” Geisinger says in observing that theconcept “invites its residents and theirguests to connect with their surroundingsand their neighbors.” The complex is partof the 82 acres Polaroid founder EdwinLand created a business park with walkingtrails and hundreds of mature trees “that

will enrich the living experience of every-one at Upland Woods Apartments.”

Joining project officials at the Nov. 5thgroundbreaking was MassachusettsHousing Partnership Deputy DirectorJudy Jacobson, who spoke to the “tremen-dous need” for apartment homes in thestate. “Not everyone can afford to buy asingle-family home, so we need to createhousing opportunities for those families,”Jacobson says in commending the town ofNorwood “for being part of the housingsolution,” and adding “we are confidentthat the Campanelli and Thorndike teamwill provide great quality housing in thiscommunity.” n

Upland Projectcontinued from page 9

(L-R): Gabe Thaisz, Thorndike; Russ Dion and Jeff DeMarco, Campanelli Construction; Dan DeMarco,Campanelli; John Carroll, town of Norwood; Judy Jacobson, Massachusetts Housing Partnership; LloydGeisinger and David Eastridge, Thorndike; and Dick Mason, Massachusetts Housing Partnership.

480 Sprague St., Dedham MA


St. in September followed this past week by125 and 150 CambridgePark Dr. in westCambridge, aka Alewife, to stock its sev-enth Strategic Partners U.S. vehicle thattargets super-sized value-add opportunitiesin improving US markets. The $282-milliondowntown Boston deal—“our most satisfy-

ing purchase in years,”declares East CoastAcquisitions DirectorMichael Burrichter—was negotiated byCushman & Wakefield,with CBRE/NE exclusiveagent for BlackstoneReal Estate Partners onthe New York firm’s saleof the first-classCambridge assets thattotal 470,250 sf and are92 percent occupied.Both agreements werefirst unveiled by thereal-reporter.com, 100 HighSt. on Aug. 26th and the$163 million Cambridgeexchange on Oct. 13th.

While there wereplenty of kindred spiritschasing both listings,Burrichter accedes a fewcolleagues were stymiedover CBRE Global’sardor for the offerings inAlewife, a perennialunderachiever in bothlaboratory and officeactivity since emergingas a business district inthe 1980s. For thosenaysayers, “I ask them,’Have you seen it late-ly?’” Burrichter recounts

in marveling at the submarket’s resurgencewhich he attributes—as in the case ofBoston’s Financial District—to KendallSquare’s “re-setting” of urban rents by con-tinued growth of big pharma and the arrivalof technology giants willing to pay recordpricing. “What is happening in Cambridgeand what is going on in (Boston’s) Seaportis having a ripple effect, and that makes theFinancial District and west Cambridgemore attractive to a lot of companies,”explains Burrichter. CBRE Global explored

five areas of Boston when assessing its nextmoves for a value add play, a rare prospectin the world of the Strategic Partners pro-gram which pursues deals from $20 millionto $250 million for the fully discretionary,closed-end commingled funds. In the caseof 100 High St. the desire was so greatCBRE Global eclipsed Fund 7’s upper rangeto land the 28-story, 545,000-sf office towerflipped by Oxford Properties after theCanadian firm tied the asset up as part ofits blockbuster $2.1 billion portfolio pur-chase from Blackstone of five Class A build-ings in downtown and Kendall Square.

Because the larger portfolio salerequired a shorter closing on 100 High St.,CBRE Global could use its might to movequickly and edge out a bevy of other eagersuitors, recounts Burrichter, who wasunable to discuss specific financial machi-nations, but says the Strategic Partnersteam “really had to scramble to win thatone,” and used Fund 7’s heft ($1.5 billionin equity commitments) to “box out” thecompetition. “Cushman & Wakefield had aton of prospects, so we had to fight veryhard all the way,” he says. “It took a lot ofhustle and grit, but we did it, which weare really excited about.”

CBRE Global was prepared to go all cashif necessary, says Burrichter, although afunny thing happened on the way to theFund 7 mattress. “We had a ton of lenderswanting to place debt on it,” he says, adding,“that shows how confident everybody is inBoston right now—they all want to be here.”The $182.5 million loan from GE CapitalReal Estate was arranged by CBRE/NE’sDebt & Structure Finance Group.

Beyond the overall economy and adowntown that has diversified from finan-cial and professional services to attractsticker-shocked startups and new millenni-um firms migrating from Kendall Squareand the Seaport, Burrichter says his groupbelieves in the building itself despite beingonly about 65 percent occupied. “When you

do a deep dive, you real-ize a lot of the space ison the lower levels,” saysBurrichter, product thatthe newer players findappealing, while anotherblock on the upper floorspromises substantiallyhigher rents in a markethungry for the limitedhigh-end space.

On both 100 High St.and Cambridge, CBREGlobal is incorporating its“5-Star Worldwide” serv-ice and amenity programas part of the StrategicPartners platform thatcalls for turning aroundassets facing substantialvacancies or other chal-lenges. “We spend a lot ofmoney on our buildings,”Burrichter stresses, andin the case of 100 HighSt., that is being mani-fested in a ninth-floor

“amenity center” that will include an out-door “amenity deck” available to all tenants.Across the river, Blackstone boosted occu-

CBRE Global Dealcontinued from page 1

125 CambridgePark Dr., Cambridge MA

Bruce Lusa

Jessica Dowd

John Meador

Christopher Angelone

Vance Maddocks

William Moylan

Michael Burrichter



pancy from under 50 percent in its tenurewith its own capital improvements programthat began via an $81.5 million purchase inJune 2011, but Burrichter says there areways to further accrete income from thebuildings by making them more attractive.CBRE Strategic Partners US PresidentVance G. Maddocks says in a statementbuilding systems are being upgraded and aLEED certification is being pursued toenhance the 5-Star Worldwide experience.“Cambridge is a desired infill location

because it is home tonumerous tech andbiotech firms seeking anurban location and prox-imity to major researchinstitutions,” saysMaddocks, who foundedthe Strategic PartnersU.S. program in 2000.

Further investment isjustified, Burrichter says,because CBRE Globaland other investors nowflocking to the submar-ket consider rates belowwhere they should begiven the strong publictransit element and a

host of new residential, restaurants andretail options. Alewife “is much moreamenitized today than it used to be,” saysBurrichter, a condition he credits for restor-ing market fundamentals over the past year.“Rents are only now starting to move, andwe think they will continue to,” he relays,with the bidding war that broughtBlackstone near twice what it paid for thebuildings barely three years ago indicativethat others recognize the shift.

The CBRE/NE Capital Markets team hasseen the Alewife rebound first-hand, havingbrokered both the prior and latest sales, theearlier one occurring with the buildingswere coming out of foreclosure due to over-leveraged debt and struggling on occupan-cy and upkeep. CBRE/NE principalChristopher Angelone credits Blackstonefor its remarkable repositioning, as well asthe CBRE/NE Cambridge leasing team thatlanded such top tenants as 150 CambridgePark Dr. Intuit Corp., now occupying 60,000sf. Regarding Blackstone in its earlier acqui-sition that did raise eyebrows given the

dour Alewife market at the time, Angeloneconcurs that “a lot of people were cautiousback then” following the harsh 2008 reces-sion. “Blackstone is a very visionary group,and they saw something back then that a lotof others failed to recognize, and they actedupon that instinct,” recounts Angelone. “Ithas worked out nicely for them and I thinkeverybody is happy with the results.”

Besides Capital Markets co-leaderWilliam Moylan and other team membersincluding Vice Presidents Jessica Dowd andBruce Lusa and Senior Associate JohnMeador, Angelone cited Senior VP CharlesKavoogian of the CBRE/NE leasing team forhelping Blackstone boost values at 125 and150 CambridgePark Dr. “Chuck Kavoogianhas made a huge difference,” he says of hiscolleague who worked on third-party trans-actions at the park, including the Intuitsigning, while Blackstone professionalMatthew George of Equity Office was alsoinstrumental in the dramatic transforma-tion, according to Angelone. On 100 HighSt., the GE Capital loan was arranged byCBRE/NE and the debt team including prin-cipals Carlos Febres-Mazzei and KyleJuszczyszyn with Senior Financial AnalystAlex Bradley and Associate Taylor Shepard.

Burrichter praises both C&W andCBRE/NE for their respective marketingcampaigns in selling the buildings, and hisfirm has retained CBRE/NE as exclusiveagent for the three properties. “We’re get-ting some very strong activity,” he says ofthe 100 High St. space that is being han-dled by CBRE/NE’s downtown team includ-ing President Andrew W. Hoar. Burrichterdeclined to identify any potential signings,but expresses optimism both there and inAlewife going forward. “There are tons of

positives about that transaction,” he says ofthe latest addition to Fund 7.

Burrichter was unable to discuss otherpotential purchases, but Strategic MarketsU.S. Fund 7 did ramp up earlier this yearafter the prior half-dozen instruments wereclosed as part of the program’s wide-reach-ing footprint. Since its inception, Strategic

Partners US has investedbillions of dollars invalue-add venturesacross the nation, with101 Arch St. in thegroup’s second fund.CBRE Global does stillhave capital placedregionally in such prod-uct as industrial and mul-tifamily, with 154 apart-ments on Route 138 inStoughton owned byFund 5, for example.

Burrichter, whooversaw both 100 HighSt. and the Cambridgeacquisitions, says thefirm always had wantedto reinvest in the Hub’surban office framework,but could not heretoforeidentify the right oppor-tunity after cashing outon 101 Arch St. for$121.7 million nineyears ago next week, a

21-story tower still owned today byClarion Partners that was in the secondStrategic Partners fund. “It has taken areally long time, but we are back in Bostonand we are back in a big way,” Burrichtersays. “We are very happy about that.” n

CBRE Global Dealcontinued from page 28

100 High St., Boston MA

Charles Kavoogian

Andrew Hoar

Kyle Juszczyszyn

Carlos Febres-Mazzei

Taylor Shepard

ing in the Hub’s historicNorth End that theBoston-based brokeragefirm has been namedexclusive listing agent.Interest is expected tobe so intense that theasset is being marketedminus an asking price.

“It’s a really awe-some property,” saysJennifer Price, amember of the BRAmultifamily sales teamthat has ridden thehyperactive market togreat heights for morethan three years, ped-dling similar apartmentand mixed-use buildingsfrom the Back Bay andBeacon Hill to HarvardSquare. Thirty SevenSheafe St. is lauded forpossessing “an unsur-passed location” stepsfrom the North End’s

famed Hanover Street and a few minutewalk to Faneuil Hall and the North Stationand Financial District office markets.

Joining Price on the assignment aremultifamily group colleagues

Christopher Sower and JasonWeissman, while Nicholas Herz isassisting prospects who might be seekingfinancing for the property which dates to1900 and is under long-term ownership toAAA Boston RE LLC. That entity ismanaged by Joseph F. Perroncello, whopaid $450,000 to secure the four-storybuilding in Nov. 1986.

Fully leased, the property is beingpitched as a value-add opportunity evenwith the in-place cash flow. All of the unitsare two-bedroom layouts, including sixapartments with 1.5 baths and anotherwith two baths, and the final one havingone bath. Half of the apartments have beenrecently renovated, incorporating granitematerials and stainless steel appliances,and they all feature separate roof-mountedelectric heat pumps and individual electrichot water tanks. Value-add opportunitiescan come through restoring the otherunits, explains Price, and there is also thepossibility of building a roof deck on thestructure, “an extremely popular amenityfor North End residents,” BRA conveys inits informational package that is in circula-tion already. The BRA team is schedulingtours to be held in the coming weeks witha call for offers to follow. n


The Real Reportcontinued from page 1

37 Sheafe St., Boston MA

Christopher Sower

Jason Weissman

Nicholas Herz

trends—a migration by firms into the urbancore while others are eyeing western ven-ues to escape rapidly rising rental rates.“Securing long-term leases with companies

of such high caliber is atestament to the qualityof Wellesley Gateway,”Friedman says in a pressrelease announcing thetransactions. AddsTranswestern RBJ’s sub-urban veteran, “thebuilding’s quality of con-struction and first-classamenities coupled withits superior location . . .are truly unique to themarketplace.”

Designed by ElkusManfredi, WellesleyGateway was highlyregarded for the visible

site when it came on line in 2000, praisedfor its unique architectural features that

retain a traditional NewEngland look and feel onits campus-like setting. Acafeteria, fitness centerand sundry shop areamong the on-site attrac-tions, as is the structuredparking.

While financial termswere not provided, thelatest Transwestern RBJmarket survey showsRoute 128 Central ten-ants paying a premium toremain in the neighbor-hood, with 2.8 percentrent growth over the past12 months putting theaverage rate at $33.43per sf versus the subur-ban average of $25.31per sf. The submarket of22.3 million sf has seen521,000 sf of positive netabsorption recordedsince Q3 2013, puttingthe vacancy rate at 11.1

percent, the lowest for the submarket since2001 after nine straight quarters of positiveabsorption. The Transwestern RBJ surveyof Lexington, Needham, Newton, Walthamand Wellesley gives the latter communitytops on average rental rates at $44.44 persf. There is a 9.0 percent vacancy for its1.98 million sf, according to TranswesternRBJ. n

Wellesley Gatewaycontinued from page 2

John Lashar

Jonathan Varholak

Joseph Fallon

Ryan Romano

Neil Schneider

SOURCE: Transwestern RBJ

Rents // 128 West


mon spaces and a vending area. Leasingactivity at Strawberry Hill has been brisk,according to Avison Young principal JackKerrigan, who along with principal SteveCook, Vice President Bill Sullivan andSenior Account Manager Anne M. Flanaganhave inked three deals since June totaling

11,000-plus sf in the84,350-sf asset. The lat-est signing is a 2,000-sfpact with Willmott &Associates, an HRstaffing solutions firmcurrently located inLexington. Kerrigan saysthe team is conducting acouple of tours per weekat the property, evidenceof the suburban officesector recovery.

“The Route 2 marketis very strong,” reportsKerrigan. “It is a verydifferent profile from afew years ago when peo-ple were reluctant toexpand, relocate, signlong-term leases—oreven hire people forthat matter.” Route 128rents are “spiking,” hesays, “and rental ratesfor Acton are about halfthat of Waltham (high$30’s per sf versus highteens, gross), so we’reclearly the value play.”

According to a Q3report prepared byBrendan Carroll, AV’snew director ofresearch, the vacancyrate for four star (B+)

properties along the Route 2 and 3 corri-dors is 10.1 percent, commanding askingrents of $19.80 per sf on average. Thefloor plates at Strawberry Hill are easilysub-dividable, according to AY, with spaceavailable from 900 to 25,000 sf. In additionto the tenant space, Campanelli has creat-ed 11 executive office suites totalingapproximately 11,000 sf on the first floor.Dubbed WorkPlace, the concept is a firstfor a Campanelli property, benefits includ-ing letting users access the fitness center

and other amenities with tradi-tional corporate tenants.

Up the road in Chelmsford,renovations at 220 and 222 MillRd. include a modern lobby area,new roof, HVAC system upgrades,parking lot improvements, up-to-date standard tenant finishes anddramatically improved landscaping.Transwestern RBJ’s James Lipscomb, BrianMcKenzie, John Wilson, Kirk Weller andBrittany Wilton are handling the exclusiveleasing assignment, with Campanelli seek-ing a single tenant to fill the 51,000 sf at222 Mill Road, according to RobertDeMarco, partner at Campanelli.

“Our goal at both properties is to offertenants a turn-key solution by utilizing

Campanelli Construction as constructionmanager for tenant build-outs, a designteam we work closely with, as well as on-site property management and responsiveownership,” says DeMarco. Trigate andCampanelli acquired the properties (plusthe fully leased 25 Industrial Rd. inChelmsford) for $12.6 million at the begin-ning of 2014, a steep discount from the $27million its prior owners had paid in 2004.n

Strawberry Hillcontinued from page 4

220/222 Mill Rd., Chelmsford MA Brian McKenzie

Brittany Wilton

John Wilson

Kirk Weller

Steve Cook Anne Flanagan Bill Sullivan

NAFI President Dr. Yitzhak Bakal says in astatement after the event where he laudsBoyle for having “pioneered the importantrelationship that must exist betweensocial services agencies and the businesscommunity,” adding, “After a career ofhelping others, there was no question thathe was the ideal candidate this year.”

The Cassidy Turley Executive ManagingDirector and Wayland resident has beenassisting NAFI with its Youth Link initiativewhich works in Boston housing develop-ments such as Franklin Field in Dorchesterand Lenox/Camden in the South End. YouthLink interacts with youth in those settingsalong with the Boston Police Department toreduce violence, provide personal growth

and ensure safety and harmony for resi-dents and families. Last year’s award recipi-ent was Boston Police Chief William Gross.

“I am truly humbled and so honored toaccept this award,” Boyle offers in a state-ment where he nonetheless stresses thosewho most deserve the public’s accoladesare “all the NAFI professionals that are tire-lessly working on behalf of and supportingthese at-risk kids and families.” The tenantrepresentation expert is a member ofCassidy Turley’s Boston operation, a groupwith a legacy of public service and further-ing economic and educational growththroughout the city since its inception asFHO Partners, of which Boyle is a foundingmember. The Bates College alum has alsoassisted such groups as BayCove, theRobert F. Kennedy Children’s Action Corp.and the Walker School in Needham. n

Boyle Receives Awardcontinued from page 9


to the table, particularly when there’s aheated negotiation,” she asserted. “Womencan bring a fresh perspective and more andmore people are recognizing that.”

Cassidy also entered the commercialreal estate field right out of college, butwithout a clearly mapped out plan ofaction. Her career included stints doingappraisal and working on the equity side ofaffordable housing before ending up inacquisitions. She recommended exploringmultiple options for those just starting outin the business to build a better foundationin the industry. “As much as you can, edu-cate yourself in all the different avenues ofreal estate . . . to see where your strengthswould be best suited,” she urged.

A Boston College alum who grew up inthe Bay State, Cassidy seized the opportu-nity to return to Boston from the NewYork office of JP Morgan when the positionof acquisitions chief opened. And althoughNew York has a greater preponderance ofwomen in higher level positions thanBoston, she went to events and networkeduntil Cassidy “slowly” understood all thedynamics of the market, and “didn’t forcemyself into any situation. And as a result Ifeel more comfortable in the market andwe’ve done a lot of great deals here.”

Campisano has spent her entire profes-sional career at the BRA, having served asan intern while a student at ProvidenceCollege. She was offered a position upongraduation and worked her way up untilshe was appointed Chief of Staff underMayor Martin J. Walsh earlier this year.

Her advice to the gathering was, “Don’t beafraid to accept a challenge that you thinkyou might not be ready for, because if youhave supportive people around you theywill absolutely help you along the way tobe successful.” She added that during hertenure at the agency, both mayoral admin-istrations have been very women-friendly.“I never felt like a second fiddle to a man,I’ve been encouraged by all of my superi-ors, and I feel that the public sector envi-ronment is definitely nurturing to womenin a way that the private sector is not.”

Nitsch (whose firm celebrated its 25year anniversary in September) played therole of elder stateswoman, and emphasizedthe importance of being involved in indus-try organizations and events to maximizeopportunities on both personal and compa-ny levels. And Nitsch walks the talk. She

currently serves on the Board of Directorsof CREW Network (Commercial Real EstateWomen), and is 2014 President of thenational organization. She has also servedas President of the American Council ofEngineering Companies of Massachusettsand President of the Boston Society of CivilEngineers Section/ASCE. At her firm(which is nearly 40 percent women), any-one from project manager on up mustbecome actively involved with professionalorganizations, serve on committees andtake leadership roles in those organizationswhenever possible.

“My message for you is go look out foropportunities and if they don’t come toyou don’t worry about it if you’ve made apoint, and when you’re offered an oppor-tunity—take it,” said Nitsch, who added,“Be responsible for your own professionaldevelopment, and get the credentials thatare required for your field. Because as afemale, if you start out with that creden-tial you’ve already hit the first bar, andthen work at those things that you mightnot be as comfortable with.”

Following the event, Reesa Fischer,COO at NAIOP Massachusetts, told RealReporter that the luncheon had sold outearlier than usual and “we had a long, longwait list.” She noted that although womenhave made great strides in the industry inrecent years, there is more work to bedone. “Women still have to be out thereand also ask for things,” said Fischer. “Thetheme was that getting out there and beingseen was how you build a strong network.You’ve got to be amongst your male peers

Women of Influencecontinued from page 5

Panelists at NAIOP Massachusetts fifth annual Women of Influence Luncheon, Boston MA.

NAIOP Massachusetts CEO David Begelfer with Kathy McMahon of National Development (center) andNAIOP Massachusetts COO Reesa Fischer.


128 and across from the Beverly FireStation, 1-7 Dodge St. encompasses 9,750sf in seven units on a 26,275-sf parcel pro-viding ample parking to customers.Tenants include Dunkin’ Donuts, HawaiianNails & Spa, North Beverly Food Mart andPrinzi’s Pizza. The Beverly based investorborrowed $2.46 million from Prime RealtyTrust II LLC, whose principals are J. ArthurBooras Jr. and Frances Booras. They paid$935,000 for the property in Dec. 1988.

Prime Realty separately sold 47 Elm St.to Holloran Development LLC namesakeJeffrey S. Holloran of Lynn, whose$933,351 purchase was backed by sellerfinancing of $758,351. Gio’s Pizza andWalgreens anchor that 6,600-sf retail cen-ter located across from North Shore Bankand near Danvers Town Hall. Prime hadheld that 15,500-sf parcel whose retailroots date to 1958 since paying $525,000for it 20 years ago next month and mod-ernizing the plaza enough to attract thenation’s largest pharmacy chain to the site.

The plaza is adjacent to 35 Elm St., a4,600-sf property Holloran DevelopmentLLC acquired from D&L Ventures LLC for$1.90 million. The seller, which loanedHolloran $1.72 million to facilitate thattrade, is an entity managed by Denise K.Booras and Lisa C. Johnson. D&L paid$750,000 five years ago for the 18,300-sfparcel on which 35 Elm St. was construct-ed that same year.

Lutts specializes in commercial andresidential sales in the region. The NorthShore native works out of the KellerWilliams Realty office which serves nine

communities in the region as part of thenational brokerage powerhouse that toutsitself as the largest real estate franchise

company in North America, a platforminvolving 700 offices and 107,000 associ-ates. n

Keller Williams Tradecontinued from page 8

35 Elm St, Danvers MA

47 Elm St., Danvers MA

a prestigious customer list. PBD owns cos-tumes, equipment and props, relaysPlunkett, further enhancing the creativeelements of a firm founded byMassachusetts College of Art alumMichael Nedeau. “They are an amazingcompany,” says Plunkett. “It has been a lotof fun working with them.”

The space search that ran much of 2014was concentrated within 10 to 15 miles ofPBD’s Braintree facility, recounts Plunkett.Braintree and Raynham venues were in therunning before 61 Strafello Dr. won out

due to various elements headlined by first-class showroom space to use for client pre-sentations. “That made a huge difference,”says Plunkett of a section outfitted withoak trim, floor-to-ceiling windows and aconference facility. Dating to 1974, thebuilding that many years housed aForrester Raincoat factory was taken over15 years ago by Curry Woodworking, whichpaid $1.6 million in Sept. 1999.

Financial details and other details of thePBD lease were not divulged, save foracknowledgement of the purchase option, aprospect Plunkett says his client is consid-ering. Were that to occur, it would continuea pattern of user acquisitions for a variety of

commercial product including flex/industri-al. Historic low interest rates and availablefinancing including government support arehelping to drive that trend.

Plunkett says his client was furtherdrawn to 61 Strafello Rd. by its presenceon 4.5 acres in the accessible AvonIndustrial Park, and having a venue offer-ing frontage along Route 24. There is ameasure of office space plus warehousefeaturing generous clear heights and load-ing bays with a drive-in door. “We are verypleased we were able to meet theirneeds,” says Plunkett, adding the firm isalready in the process of hiring new staffto accommodate its growth. n

NAI/Hunneman Dealcontinued from page 3


$45 million. The biggest in the mix is afive-asset package Liberty Properties isoffering involving two buildings here,another pair in Wilmington and 13Centennial Dr. in Peabody, that a 135,175-

sf building which hasDHL as its primary ten-ant. The aggregate pricefor the portfolio which isbeing pitched togetheror piece-meal is peggedin the $31 millionsphere by industry pro-fessionals familiar withthe offering that is beingpitched minus a formalasking price.

“Industrial isextremely hot rightnow,” one marketwatcher says in concur-ring more listings arecoming available,including 12 Forge ParkDr. in Franklin, withCBRE Global Investorshiring C&W to find ataker for the value-addopportunity involving afirst-class, 236,225-sffacility that is presentlyonly 35 percent leased.As in the case of the

Liberty Portfolio assets at 101Constitution Blvd. and 20 Liberty Way, 12Forge Park Dr. is in the town’s Forge Park,one of New England’s premier industrialmicro-markets where the vacancy rate isjust 5.9 percent and high-bay rents arecresting $6 per sf.

At this juncture, C&W is not respond-

ing to inquiries regarding the two separatelistings even though informational materi-al on both are already in circulation. Thematerial indicates C&W has its CapitalMarkets team working with leasing andfinancing experts, those being J.R.McDonald and Torin Taylor on the leasingand Jay Wagner providing debt and equityguidance. The Capital Markets contingentincludes C&W of New England PresidentRobert E. Griffin Jr., Vice-Chair Edward C.Maher Jr., Executive Director Matthew E.Pullen and Associate Director SamanthaM. Hallowell.

The CBRE Global asset is 35 percentleased to Kuehne & Nagel and is touted forclear heights to 28 feet, 40-by-40-foot col-umn spacing providing for “optimal layoutefficiency,” 22 tailboard doors and one-drive-in door plus T-5 automated lightingalong with other modern mechanical andsafety features. The landlord continues tomake improvements, C&W notes, mostrecently upgrading common areas and theparking lot plus structural enhancements.As in the Liberty Portfolio, there is not anasking price, although its value is estimat-ed by industrial experts to be in the $15million range, or approximately $63 per sf.

Conversely, at 410,500 sf, the LibertyPortfolio would top a healthy $75 per sf ifthe $31 million prediction is attained.Besides being primarily modern buildings,the package is credited by C&W for havinga superior accessibility element, with allfive buildings within a half-mile of a majorhighway, I-495 in Franklin, I-93 inWilmington and Route 128/I-95 inPeabody. “The properties enable seamlesstravel throughout the state and the region,accommodating a wealth of tenant distri-bution requirements as well as facilitatingeasy employee commutes,” the synopsisnotes.

According to theinformational material,96 percent of the spacein the portfolio is leasedto credited anchor ten-ants, including Fed ExCorp. leasing all 39,725sf at 10 Cornell Pl. andAgrium AdvancedTechnologies at 20Liberty Way. “Staggeredleases with investmentgrade credit and stablecash flow” are hallmarksof the offering, C&Woutlines .

Based in Malvern, PA,Liberty Propertiesacquired the Bay Stateassets in Sept. 2012 aspart of a larger nationalportfolio purchase fromCabot Properties. Thetotal price for the BayState buildings was$26.8 million, rangingfrom $3.1 million paid for

10 Cornell Pl. to $8.5 million to secure 13Centennial Dr. The 20 Liberty Way proper-ty is a 96,000-sf building dating to 1988whereas 101 Constitution Blvd. has 63,350sf. It came on line in 1987. Among the old-est in the mix is 265 Ballardvale St., a73,450-sf building constructed in 1983. n

C&W Listingscontinued from page 1

13 Centennial Dr., Peabody MA

Robert E. Griffin Jr

Edward C. Maher Jr.

Matthew E. Pullen

Samantha Hallowell

J.R. McDonald

Torin Taylor

20 Liberty Way, Frranklin MA

The Real ReporterVOLUME 6, NUMBER 26

© 2014 The Real Reporter, LLC. Ten Post OfficeSquare, Boston MA 02109, 617-692-2997. Allrights reserved. No part of this publicationmay be reproduced without the written con-sent of the publisher.


sf office building despite having acquiredseveral new assets thus far in 2014, includ-ing the ultra-roomy Brickstone Squareoffice campus in Andover, a first-classbuilding in Dedham and 141 Portland St.,a mixed-use property in Boston’s promis-ing North Station district.

“The building workswell for us,” Shahbazitells Real Reporter inpraising 130 NewBoston St. for its func-tional attributes andbeing central to thefirm’s CRE fiefdomwhich runs from north-ern Massachusetts tothe South Shore and outthrough Westboroughdown to Connecticut.“It is a very convenientlocation for our portfo-lio, and plus we likeWoburn a lot,” explainsShahbazi, noting 130New Boston St. is ashort drive from theWoburn Mall and a seaof surrounding restau-rants and retail as welldirect access to Route128 and Interstate 93.

KS Partners is trad-ing the building as partof a shift in its holdingswhich have heretoforebeen weighted in moremodest properties thanthose now being pur-sued such as BrickstoneSquare, which has morethan one million sf on a25.5-acre parcel. “We

are going to focus on larger deals and onClass B buildings in Boston,” Shahbazirelays, a factor in opting to harvest both130 New Boston St. and a 111,000-sfbuilding at 33 Boston Post Rd. inMarlborough being shopped separatelythrough Cassidy Turley and expected totrade in the $13 million range, or about$117 per sf. Shahbazi declined commentregarding ongoing negotiations there, andCassidy Turley Capital Markets memberswere unavailable as of press deadline.

JLL Capital Markets officials were silenton the matter of the Woburn exclusive, butan informational package in circulation pegsteam members as Managing Directors FrankPetz and Jessica Hughes plus Senior Vice

President Heather Brownand Analyst Tom Ragno,with leasing insight beingprovided by Senior VPAndrew Whipple. Marketobservers spoken to pre-dict 130 New Boston St.could approach $10 mil-lion in a bidding competi-

tion just now commencing, yet even werethat achieved, and without offering preciseguidance, JLL says buyers can expect toacquire the building “at a substantial dis-count to replacement cost” and do so for a

building sporting 94 percent occupancyleased to a diverse stripe of 11 tenants in thefinancial services, healthcare and technolo-gy arenas. JLL calls the 24-year-old building“an ideal combination of long-term stabilityand upside potential,” a mix aided by therecent renewal of three tenants to push theaverage remaining lease term above threeyears, and with one-third of the buildingspoken for through 2019 and beyond.

When the space does roll, it will likelybe in an improving landscape, according toJLL which shows average in-place rent of$18.74 per sf to be a 15 percent discountoff the market average of $22.00 per sf.Rents along Route 128 North are up 15percent in the past 24 months, JLLresearch reveals, while the vacancy ratehas dropped to 11 percent. n

New Boston St.continued from page 1

130 New Boston St., Woburn MA

Heather Brown

Andrew Whipple

Jessica Hughes

Tom Ragno

Kambiz Shahbazi

both by the board and the public during thepublic hearing process. The board will like-ly impose conditions such as the following:security, hours of operation, refuse collec-tion and disposal, lighting, crowd control,deliveries, access and egress, the potentialpresence of minors, public transportation,parking, accessibility by public safety, awritten operations handbook, limiting theapproval to the specific applicant, limitingthe number of people at the facility at anyone time, limiting the facility to “appoint-ment only,” minimum staffing requirements,requiring interior and exterior CCTV sur-veillance, interior and exterior facility main-tenance, maintaining records of all individu-als visiting facility (subject to HIPAArequirements) and banning congregating ofcustomers within a certain distance of thefacility. This process allows the municipalitysignificant control on how the dispensaries

will operate.While 63 percent of the voters of the

Commonwealth wanted to see medicalmarijuana dispensaries placed some-where, it will be determined at the locallevel where and on what terms they willultimately be located.

(As of the writing of this article, dis-pensaries have moved into the final stateapproval phase for the following munici-palities: Dennis, Salem, Haverhill,Northampton, Ayer, Newton, Lowell,Quincy, Brookline, Brockton and Milford.)

Partner Gary P. Lilienthal and Associate EricT. Speed are real estate specialists atBernkopf Goodman LLP, among Boston’s old-est and most respected law firms with rootsdating to 1894. One of nine practice areas atthe firm, expertise from its 17-member realestate team is provided in all phases of devel-opment, finance and operations includingacquisitions, construction, financing, leas-ing, management and syndications. n

Marijuana Lawcontinued from page 10

The Real Reporter V6.26 November 17, 2014

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Transcript of The Real Reporter V6.26 November 17, 2014