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THE DEAL SHEET

THE DEAL SHEET
Hawthorne Commons garden apartments in Salem
SAF Hawthorne Commons announced on Monday that it sold the 240-unit Hawthorne Commons garden apartments in Salem for $41.8M to MIREF Hawthorne Commons. Cushman &Wakefield's Simon Butler, Biria St. John, Michael Byrne and John McLaughlin repped the seller and found the buyer.***
EQR-Walden Park paid $64.9M to Invesco for Walden Park, a 232-unit, market rate seven story mid-rise apartment complex in Cambridge near Denehy Park and Fresh Pond. Cushman & Wakefield's Simon Butler, Biria St. John, Michael Byrne, and John McLaughlin repped the seller and found the buyer.
DEVELOPMENTBrigham and Women's Hospital plans to develop a 360k SF research, wet-lab building at 45 Ave Louis Pasteur on the Emmanuel College campus in the Longwood Medical Area. The hospital now leases space in an older building on the nearly 79k SF site. It recently notified the BRA that it intends to demolish the existing building and enter a long-term lease with Emmanuel to build the new facility.

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New England Conservatory of Music plans 200k SF of new development on land it already owns in its Fenway neighborhood. It recently notified the BRA that it intends to build a 135k SF, 250-bed residence hall/ student life center and a 65k SF academic building. Colliers Yanni Tsipis is coordinating the project.

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TD Garden owner Delaware North hopes to sell its permits for a 37-story residential tower in the Bulfinch Triangle to AvalonBay, according to press reports. The BRA approved the 375-unit project in ?05. It has another 1M SF mixed-use project approved for offices, housing, a hotel and retail.

LEASING

Market Basket is leasing 60k SF in Cornerstone Square, being developed in Westford by RA Ventures. The popular supermarket will anchor the 240k SF shopping center on I-495, set to open next fall with 191k SF of retail and 47k SF of medical offices.

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XOS Digital, a provider of digital media services for collegiate and professional sports organizations, is moving into 19k SF it leased in Ballardvale Office Park in Wilmington in a relo from Billerica. Colliers Matthew Daniels and Brian Tisbert repped the tenant and RBJ?s James Lipscomb repped the landlord, Griffith Properties and JV partner, AEW Capital Management.
ASSIGNMENTS
Ashkenazy Acquisition Corp has retained Elkus Manfredi?s Howard Elkus to create a master plan to upgrade historic Faneuil Hall Marketplace. Ashkenazy acquired the 63-year ground lease for the famed Boston landmark this fall from Chicago-based General Growth.

EXEC MOVES

Skanska USA's Commercial Development unit, which recently broke ground on its first project in Cambridge (on spec, no less), promoted Shawn Hurley to regional manager for Boston. He'll oversee the growth of Skanska's commercial development biz here. Shawn was instrumental in the acquisition and development of the company's $70M life science building at 150 Second St in East Cambridge.

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Bierbrier Development, a developer of urban shopping centers in Eastern Massachusetts, promoted Ronald Dattoli to senior property manager. After 25 years with the company, he'll oversee its portfolio in Haverhill, Arlington, Medford and Brockton, including supervision of day-to-day operations, building systems, tenant build-outs, tenant compliance, and property maintenance.

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Fort Point Project Management, which provides relo and project management services, has hired Meagan O?Hara as director of business development. She'll manage existing clients and seek new business in the life sciences, institutional, high tech, and corporate sectors. Megan will also manage FPPM?s social media initiatives.

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Jeremy Roy has joined Grubb & Ellis? Boston team as VP repping tenants and landlords in the downtown office market. Over the past 14 years, he's worked for Charterhouse Development, doing development, landlord representation, and property management in northern New England. He also worked the downtown office market for JLL.
WASHINGTON DC 05.16.2017

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