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Shire paid $165M in cash for the 96-acre Lexington Technology Park campus, in the suburb of the same name.
The biotech company's buy includes the three buildings it has been leasing for its Human Genetic Therapies business and property on the site that it already owns: a manufacturing plant and a building now under construction. Buying the entire campus gives Shire an extra 570k SF of space. Control of the campus affords Shire, which develops and manufactures therapies for rare diseases, more flexibility to grow in Greater Boston. Goulston & Storrs repped Shire, which says its new 175k SF lab/office designed by Kling Stubbins will be completed Q4 2011.
SalesHolliday Fenoglio Fowler Boston arranged about $750M in senior secured acquisition financing for Dividend Capital Total Realty Trust?s $1.35B acquisition of the iStar Financial portfolio of 11.3M SF of tenant-leased office and industrial space. HFF Boston's John Fowler, Janet Krolman, and Greg LaBine secured the senior debt while the HFF Securities IB team of Dan Cashdan, Doug Bond, and Mike Joseph advised iStar on the sale.***

The Davis Cos. have completed the $33M purchase of One and Three Burlington Woods, Burlington from GE Capital. Bought at auction, the $123 SF price was about half of the last sale price and 73% of the original $170 SF loan amount. The 268k SF Class A, two-building park is 64% leased. Cushman & Wakefield has been hired as the leasing agent and ADD Inc. will redesign the project with a focus on renovating One Burlington Woods.


The Wychmere Harbor Beach & Tennis Club and Wychmere Shores Condominiums in Harwich Port were sold for $21.1M to Wychmere Harbor Real Estate, whose founding members include: Atlas Investment?s Demetrios Dasco, Leerink Swann?s Jeffrey Leerink, and Longwood Events? Jim Apteker. Colliers Meredith & Grew?s Kevin Phelan, Leigh Freudenheim, and Jeff Black represented the buyer and the seller, Snow Inn Realty Trust.


National Development and Winrock Partners in JV with Charles River Realty have purchased Nagog Park in Acton from KBS Realty Advisors. Nagog, with nine buildings totaling 386k SF, is in the 120-acre master-planned corporate park in Acton. Cushman & Wakefield's Rob Griffin, Ed Maher, David Pergola, Christopher Griffin, and Brain Doherty repped the seller and procured the buyer.


Kiva Systems signed an eight-year lease on 163k SF at 300 Riverpark Dr. in North Reading with DivcoWest and Taurus Investment Holdings. CBRE's David Pergola and Jason Levendusky represented the landlord and Jones Lang LaSalle's Brooks Murphy and Sean Lynch repped for Kiva.


Ruben Cos. completed 50k SF of leases at its One Exeter Plaza office building in the Back Bay. International Data Group took 15.4k SF, the Portuguese Consulate General 6k SF, Rapid7 5.8k SF, Stax 5.4k SF, Alosa Foundation 5.2k SF and another foundation took 6k SF. Jones Lang LaSalle's Bill Motley, Brad McGill, and Katharine Small repped the landlord with various brokers there for the tenants.


Work ?N Gear has agreed to lease roughly 16.6k SF at 2300 Crown Colony Dr. in Quincy and by August will complete its relocation from Libbey Industrial Park in Weymouth. FHO?s Tom Kent, Rick Fahey, and Jonathan Vacca represented the landlord, CommonWealth REIT and The Conrad Group repped for the tenant.


Suffolk Construction will manage the $250M Consolidated Car Rental Facility and Southwest Service Area to be built at Logan. Construction will start in August, be completed Q4 2013, and aim for LEED Silver. The project will include a new four-level 1.2M SF parking garage, including space for rentals, buses, and taxis.


CBRE/Grossman Retail Advisors has been selected as exclusive retail leasing agent and management firm for the Mandarin Oriental Boston in the Back Bay. The mixed-use complex now 28K SF with 2.7k SF of retail space available.

Company News

The Davis Cos. is expanding its real estate investment, management, and development business into the Southeast. Industry vet Seth Werner has joined the firm as managing principal to direct its effort to seize upon investment opportunities in Florida, Atlanta, and neighboring states for the company's new $230M Davis Investment Ventures Value Opportunity Fund I. Davis plans to invest in office, retail, industrial, and residential properties through acquisition, loans to other investors, and mortgage purchases.


Michael Carroll has joined Integrated Builders as chief estimator. He'll provide estimates and cost analysis for clients and work with their clients' design-build team on strategies for scheduling, business planning, and value management/engineering.