Exclusive: Golfer's Dream; The Deal Sheet
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|Golfers, you're dream has come true. We can't help with your swing, but the Canadian retailer Golftown is coming to the US with its first stores being built in Massachusetts.|
|The sporting goods specialist chose the Commonwealth because of "your passion for the game, virtually year round,? a company spokeswoman says. For instance, last year New England was the only US market where golf rounds were up. Also, New England golfers tend to spend more money than those in warmer regions because they're still working rather than retired. Golftown stores will be cropping up in Watertown, Avon, Seekonk, Reading,Northborough, and Bellingham. The flagship store at Watertown?s Arsenal Mall will be 30k SF and the others about 25k SF. The stores will start opening in late March. At the Northborough Mall (rendering above), Golftown will join anchors Wegman?s and Kohl?s in the complex now under construction.|
|The Quincy City Council Monday approved the master agreement for a $1.28B redevelopment of Quincy Square, which it will do with private development partner Street-Works Development. The City expects the project, the largest it's ever undertaken, to generate 4,100 construction and 5,700 permanent jobs. The mixed-use development will include 1M SF of new offices, 700 housing units, two hotels, an entertainment complex with cinema and 570k SF of retail. Construction is still years off.|
|Samuels & Associates started the permitting process with the City of Boston to build a $250M mixed-use project at 1325 Boylston St and 132 Brookline Ave in the Fenway (rendering above). After six to 12 months of permitting, construction is likely to start next fall. The ?Fenway Triangle? project is at this point designed to include: 290 housing units, 225k SF of offices, 165k SF of retail and parking for up to 575 vehicles. SalesRhode Island Homes, an affiliate of Providence-based Providence Realty Investment, has entered the Massachusetts multifamily market with the $108M purchase of The Bay State Affordable Portfolio. It has 10 affordable properties with 931 rental units in desirable locations including Wellesley, Needham, Sudbury, Reading, Winchester and Norton. Cushman & Wakefield Capital Markets Group's Simon Butler, Biria St. John, Michael Byrne, and Christopher Sower repped seller Equity Residential and found the buyer.|
Acumen Real Estate paid $26.5M for the Residence at Little River, a 174-unit garden apartment community in Haverhill. Jones Lang LaSalle's Michael Smith, Scott Jamieson, and Brandon Dickason in the Boston office worked with Al Cissel and Scott Melnick in JLL?s Bethesda office to rep seller Equity Residential. Built in 2003 by Lincoln Property Co, it's a seven-building complex with modern single and two-bedroom units on 32 acres just off of I-495.
Taurus New England Investment bought 313 Washington St for $11M. The 82k SF office space in Newton Corner, just off the Pike, is 91% occupied. The seller, Transwestern Investment Co, was repped by RBJ/Capital Markets? Frank Petz and James Tribble.
Resonetics has signed a new long-term lease for 50k SF at 44 Simon St in Nashua, NH, and is planning a spring move-in. CBRE's David Connolly, Roger Dieker, and Robert LeClair repped the landlord Liberty Cos. NAI Norwood?s Chris Norwood and NAI Hunneman?s Steve James were at the table for the tenant.
Hinckley, Allen & Snyder renewd its lease with a nine-year extension for 42k SF at 100 Westminster St in downtown Providence, RI. The lawyers were repped by CresaPartners's Joe Sciolla, Kenneth Dill, and Matt Harvey. Cresa?s Barry Dube will provide project management services. CBRE's Jay Fluck repped the landlord, Ona Providence Office I.
Vestmark will convert a sublease to a direct lease for 34k SF at 100 Quannapowitt Pkwy in Wakefield. This provider of wealth management technology will also renovate the space. Jones Lang LaSalle's Tamie Thompson and Dan Cordeau repped the owner Digital Realty Trust. Newmark Knight Frank principal Christopher Curley repped the tenant.
ETEX Corp has signed up for 29k SF of office, research, and manufacturing space in two locations in Cambridge. It leased 16k SF of office space at One Central Plaza (675 Mass. Ave) and renewed for nearly 13k SF of lab and manufacturing space at 38 Sidney St in University Park at MIT. Jones Lang LaSalle's Brendan Callahan repped ETEX on Mass Ave while JLL?s John Osten,Peter Bekarian,and Molly Heath were at the table for the landlord, Intercontinental. At University Park, JLL?s Brendan Callahan repped the biomaterials company and Colliers Meredith & Grew?s Joseph Flaherty and Forest City's Tucker Hansen sat in for the landlord.
Comcast Spotlight, the advertising sales division of Comcast Cable, leased nearly 15k SF at 400 Crown Colony Dr in Quincy. The company is consolidating locations in Greater Boston and chose this new site for its convenient location and favorable lease terms. CresaPartners Mitchell Jacoby and Dan Sullivan repped Comcast and RBJ?s Rob Byrne and Jay Nugent negotiated for the landlord, UBS.
Reflectance Medical leased 5,506 SF at 116 Flanders Rd in Westborough repped by FHO Partners' principal Joe Fallon and Sue Donovan. Carruth Capital is the landlord of the building in the Metrowest Business Park, which offers a conferencing facility, covered parking, day care, golf course, hotel, and on-site dining.