This Week's Boston Deal Sheet
Calare Properties has picked up a pair of properties totaling more than 134k SF in Marlborough.
The properties are 753 Forest St, a 75k SF flex property, and 261 Cedar Hill St, a 59k SF flex property. Both properties are fully leased, and in the I-495 West submarket.
FC3 466 Broadway LLC has acquired 466-472 Broadway in Chelsea from 466-474 Broadway LLC for $3.26M. The property consists of a 17-unit multifamily component, and 24k SF of street-level commercial space. NAI Hunneman repped the seller and procured the buyer.
Gingko Bioworks has signed on for a 10-year lease to occupy 69k SF at 21-25 Drydock Ave in Boston’s Seaport District. Columbia Realty repped the tenant, while JLL repped landlord Jamestown.
Entegris has extended its full building lease at 129 Concord Rd in Billerica, a 175k SF flex building known as Rivertech II. JLL repped the tenant, while Transwestern negotiated on behalf of building owner KBS Real Estate Investment Trust.
HFF has secured $51M in recapitalization financing on behalf of an affiliate of Longfellow Real Estate Partners for 1030 Massachusetts Ave in Cambridge, a 77k SF Class-A lab/biotech building.
This And That
India Hotels Co has announced plans to sell the 273-room Taj Boston Hotel at 15 Arlington St in the Back Bay for at least $125M.
Atlantic Tele-Networks has completed the move to its new custom-built 20k SF HQ at 500 Cummings Center. Cummings Center crews have completed 20 build-outs totaling more than 125k SF over the past six months.
Trammell Crow Residential has established a new regional office in Boston to source and execute all new development opportunities in the Northeast Region.