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This Week's Boston Deal Sheet

NAI Hunneman’s Capital Markets Group has brokered an $8.7M multifamily portfolio sale in Cambridge’s Central Square Neighborhood.

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The portfolio consists of 23 units, 17 of which are located at 137-151 Harvard St and 200 Harvard St in a mixed-use building, with the other six units in an apartment building at 220-222 Prospect St. NAI’s Carl Christie, Dan McGee and Henry Lieber repped the deal.

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Sales

Rockpoint Group has acquired 99 Summer St from Cornerstone Real Estate Advisors for $132M. The 20-story trophy office property spans 270k SF and is 95% leased.

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Leases

Newmark Grubb Knight Frank’s team of Jeremy Roy, Mike Edwards and Leeanne Rizzo repped 1199SEIU United Healthcare Workers East in the relocation of its HQ to Quincy.

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1199SEIU, the nation’s largest healthcare union, has leased 41k SF at 108 Myrtle St and will be relocating from 150 Mount Vernon St in Dorchester in June.

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Putnam Investments will have a new home in 2018 as the investment management giant has signed a 15-year lease for 250k SF spread across 11 floors at 100 Federal St, a Boston Properties office tower in the heart of the financial district.

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The company has been located at its current home at One Post Office Square since 1978.

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Mercury Systems is relocating its HQ from Chelmsford to Andover this May. It's signed a lease for 114k SF at 50 Minuteman Rd, a three-story, 151k SF office building. Mercury makes computer systems used by the US military and defense contractors.

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Development

The Mount Vernon Co has filed plans with the city for a six-story, 128k SF residential building with three retail stores at 530 Western Ave in Brighton.

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Cambridge-based Prellwitz Chillinski Associates was tasked with design.

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Needham-based developer Ralph Vacca is planning a four-story apartment building in West Roxbury. The 47k SF building will be at 4945 Washington St and include 46 units, six of which will be designated as affordable.

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Financing

Mack-Cali Realty subsidiary Roseland has closed on a $41.5M construction loan from Citizens Bank to fund the construction of a 237-unit apartment complex on Front Street at the intersection of Foster Street.

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This and That

Analysis from Reis shows that the average apartment rent in Boston was $2,010 in Q4, marking the first time apartment rents in the city have crossed the $2k threshold. The average rent comes in as the fourth-highest among the 79 metros included in the Reis analysis, behind only New York, San Francisco and San Jose.

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Panera Bread has closed two of its company-owned locations at 75 Spring St in West Roxbury and 1 Union St in Boston. The move reduces the number of company-owned stores in the state to three.