The Deal Sheet
|MIT broke ground on a new two-building, 500k SF complex at 610 Main St, where Pfizer has leased at least 180k SF for 10 years. Once completed in late '13, the drugmaker will create 400 new jobs by bringing in its researchers from elsewhere in the US and from the UK. Pfizer's worldwide president of R&D Mikael Dolstensays the company's aim is to foster collaboration between its ?drug discovery experts? and Cambridge?s "world class" scientists.***|
|Coming down the development pipeline… the BRA recentlyapproved the $500M, 785k SF expansion of Copley Place by Simon Property Group, a project that will create 1,700 construction jobs. The plan calls for a 47-story tower with 318 housing units, which will be Boston's tallest residential tower; a 40k SF addition to Neiman Marcus and an improved streetscape. Three years of construction is expected to start fall ?12.***|
|Two weeks ago, the BRA also approved construction of the$150M, 331k SF mixed-use project at 1282 Boylston St in theFenway to be developed by The Abbey Group on the site of a parking lot near the ballpark. Designed by Brunner/Cott, it will have 12k SF of ground-floor retail, 88k SF of offices, 210 housing units, and parking for 295 cars.***|
|The Archon Group and Gerding Edlen Development also just won a green light from the BRA to build a 202-unit, 20-story residential tower at 319 A St Rear in Fort Point, aka the Innovation District. The project will include the development at nearby 63 Melcher St of 27 units of ?innovation housing,? small residences with flexible layouts and a shared common area.***|
|Changing the face of Mass Ave., the Berklee College of Music will have a groundbreaking ceremony tomorrow for its $100M mixed-use project near the Christian Science Center. Designed by William Rawn Architects, it will have student facilities including housing, an evening performance venue, ground-floor retail, andrecording studios. Glazed lower levels will let passersby glimpse music in the making. Construction, started in September, will be completed by summer '13.***|
The $93M Dartmouth College Class of '78 Life Science Center in Hanover, NH was recently completed, managed by BOND. The174k SF lab and academic building includes 30 wet labs with support space, 30 faculty offices, six post doc offices, conference rooms and lounges. It also has a 200-seat theater classroom, 80-seat amphitheater classroom, teaching labs and flexible classrooms with an interior glass stair tower.The project is aiming for LEED Platinum.
SALESThormor sold 355 Providence Hwy in Westwood to DS RealtyTrust for $1.1M. Parsons Commercial Group's Rick Putprush andMatthew Morgan repped the seller and found the buyer for the single-story, 7,762 SF property on Route 1, the ?auto-mile.?
Mannix World Imports paid $867k to 224 Andover St Nominee Trust for 224 Andover St in (of all places) Andover, a 36k SFmanufacturing and warehouse building. NAI Hunneman?s David Gilkie repped the seller. Grubb & Ellis? Tyler Ewing repped the buyer. Mannix specializes in women's, children?s and infants? clothing and accessories.
Crimson Hexagon, once based in Cambridge, moved to theBoston waterfront, quadrupling the size of its office. It has taken11k SF at Seaport West where it plans to boost staff to about 60 (from 32) to do social media analytics for clients that include AT&T, CNN, Johnson & Johnson.
The Travel Collaborative has leased 6,009 SF at 625 Mt Auburn St in Cambridge after 15 years at 120 Beacon St in Somerville. Lincoln Property's Roberto Magno repped the tenant. Landlord KBS Realty was repped by CBRE's Robert Fitzgerald and Adam Brinch.
EXECS ON THE MOVE
Acentech announced yesterday that Jeffrey Zapfe has been named president. Dr. Zapfe most recently served as the director of Acentech?s Noise and Vibration Group. He assumes his new role from Chris Savereid, president for the past seven years and soon-to-be Acentech consultant.
EOP announced yesterday that it promoted Brenda Haraldstad todirector regional finance. Previously, she was EOP's manager of financial analysis providing asset management, and investment analysis for senior management. Now, she'll oversee the management of financial operations for metro Boston, where EOP has a 12M SF portfolio.
***RBJ announced yesterday the appointment of Dean Atkins as director of national and international accounts. Previously an attorney in the Boston office of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, Dean will provide strategic advice to the firm's corporate clients on leasing, sales, and work on consulting projects.