The Real Reporter V6.26 November 17, 2014 by The Real Reporter

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NOVEMBER 14, 2014

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$445M CBRE Global Office Purchases Sign of Confidence in Boston, Alewife

THE REAL REPORT

Sheafe Topic

AMBRIDGE — It might surprise some that CBRE Global Investors has not held an office property here or across the Charles River since harvesting Boston’s 101 Arch St. nine years ago, but the LA-based investment manager has changed all that practically overnight by spending $445 million on the Hub’s 100 High

continued on page 28 150 CambridgePark Dr., Cambridge MA

C&W Industrial Listings Could Top $45M BY JOE CLEMENTS

RANKLIN — As the desire for industrial real estate continues to escalate alongside market occupancies and rental rates, owners are responding by bringing assets to the sales block, a trend exemplified in two fresh listings by Cushman & Wakefield that could collectively exceed

37 Sheafe St., Boston MA

BOSTON — Whether the supply of product or investor interest dries up first is unclear, but for the moment, there appears to be plenty of both driving multifamily sales across metropolitan Boston to a fever pitch, with properties the more Jennifer Price centered in the urban core the better. In that environment, Boston Realty Advisors is bracing for a robust response to 37 Sheafe St., a small but supremely located eight-unit apartment buildcontinued on page 30

12 Forge Park Dr., Franklin MA

continued on page 34

JLL Selling 130 New Boston St. for KS BY JOE CLEMENTS

OBURN — After seven years of ownership, KS Partners is offering its regional headquarters here at 130 New Boston St. for sale through exclusive agent JLL, but principal Kambiz Shahbazi says this week his firm has no intention of relocating from the three-story, 55,925continued on page 35 130 New Boston St., Woburn MA

THE REAL REPORTER

November 14, 2014

Wellesley Gateway Deals Fill 226,000 SF

ELLESLEY — Framed by Routes 9 and 128, Wellesley Gateway is known for the office park’s superior access, but turns out getting there is a lot easier than leaving, or so it would seem in a trio of lease commitments from existing tenants in the 272,500-sf office building. Transwestern RBJ is exclusive leasing agent for the 16-acre property which is owned by CommonWealth Ronald Friedman Partners. Anchor tenant Harvard Pilgrim Health Care Inc. represented the largest amount in the three deals which collectively amounted to 226,000 sf, all but 100,000 sf leased on Vicki Keenan multiple floors to HCHP. The not-for-profit health services company was advised by Neil Schneider of McCall & Almy, while the Wellesley Gateway advisors on that and the remaining leases are

Wellesley Gateway, 93 Worcester St., Wellesley MA

principals Ron Friedman, John Lashar and Jon Varholak and Senior VP Vicki Keenan. Another major block of 80,000 sf was taken down by Partners HealthCare, an integrated health care system founded by Brigham and Women’s Hospital and Massachusetts General Hospital that had heretofore been subleasing space in the building. McCall & Almy principals James Canfield and Mary Lentz counseled Partners on its negotiations. The third direct deal was also drafted off

a sublease, with 20,000 sf filled in an agreement involving financial advisory firm GW & Wade LLC. Cassidy Turley provided tenant advisory services in that instance through principal Joseph Fallon and Ryan Romano. None of the parties involved unveiled financial details of the agreements which leave just 46,000 sf remaining for a tenant constituency fast running out of options in the Route 128 Central corridor. The landlord also managed to sidestep two emerging continued on page 30

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THE REAL REPORTER

Avon Becomes Party Town As 60,000-SF Lease Signed

61 Strafello Dr., Avon MA BY JOE CLEMENTS

VON — An event planning firm focused on high-end functions is being welcomed here after signing a full-building lease at 61 Strafello Dr., a deal negotiated for both sides by Catherine Minnerly Ovar Osvold NAI/Hunneman Commercial Co. The 10-year commitment between the landlord and Party By Design also includes an option to acquire the 60,000-sf property owned by Curry Woodworking of Norwell, represented by NAI/Hunneman principal Catherine Minnerly and Associate Ovar Osvold. “It’s a real feel-good story,” says NAI/Hunneman principal and PBD advisor J.P. Plunkett J.P. Plunkett who reports the move reflects growth by the firm which designs and runs lavish bat mitzvahs, birthday parties, corporate tilts and weddings, plus unique events customized for continued on page 33

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Calkain Brokers $13.2M Newton Sale

Michael O’Mara

Patrick Nutt

EWTON — A former Filene’s Basement unit converted to multi-tenanted retail has been sold for $13.2 million in an exchange negotiated by Calkain Cos. The 24,925-sf property at 215-217 Needham St. traded on a capitalization rate of 6.4 percent, a level observers attributed to the asset’s impressive tenant roster, presence in a popular retail corridor and continued desire among capital to invest in the region. After Filene’s Basement was done in by bankruptcy, the building’s ownership brought in Five Guys Burgers and Fries, Men’s Wearhouse and PetSmart, each signing net-leased deals running 10 years and holding varying rental escalations which were deemed especially popular among suitors. continued on page 26

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THE REAL REPORTER

November 14, 2014

Campanelli, Trigate Continue Suburban Platform BY MIKE HOBAN

Robert DeMarco

Jack Kerrigan

James Lipscomb

CTON â&#x20AC;&#x201D; With renovations now complete and leasing efforts ramping up for a pair of Class B office campuses along the Routes 2 and 3 corridors, Campanelli and frequent partner Trigate Capital are wagering that their value-add expertise will produce similar results as previous endeavors. The partners have teamed up on a number of successful projects since 2010, with Trigate supplying the bulk of the capital and Campanelli handling renovations and property management. The properties, Strawberry Hill Corporate Center in CORPORATE

Strawberry Hill Corporate Center, 289 Great Rd., Acton MA

Acton and 220/222 Mill Rd. in Chelmsford, were acquired out of bankruptcy last January from Wells Fargo (via C-III Realty and NAI/Hunneman Commercial Co.) and have undergone significant upgrades delivered by Campanelliâ&#x20AC;&#x2122;s in-house construction arm. The renovations at Strawberry Hill RETAIL

(located at 289 Great Rd.) include a fully renovated and modernized front entrance, repaved parking lot, upgraded landscaping and exterior lighting, and a new energymanagement system. Tenants now have access to new onsite amenities including a modern fitness center, free Wi-Fi in com-

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November 14, 2014

THE REAL REPORTER

NAIOP Women of Influence Show How BY MIKE HOBAN

OSTON — For anyone seeking encouragement that the face of commercial real estate is changing to more accurately reflect that of the general population, the NAIOP Annual Women of Influence Luncheon would certainly have been a good place to start. Approximately 200 women from all facets of the industry showed up at the offices of Nutter McClennen & Fish this past week to hear a panel comprised of some of Greater Boston’s most recognizable women in Sara Cassidy the CRE industry. And while panels from prior years have been weighted more heavily towards pioneering women who entered their careers at a time when women were a rarity in the industry, the Sarah Lagosh fifth edition of this annual event featured three 15-year veterans that are still in their thirties. This year’s panel discussion was moderated by prominent CRE attorney Marianne Ajemian, partner at Nutter Judith Nitsch McClennen & Fish, who was joined by Heather Campisano, Chief of Staff at the Boston Redevelopment Authority; Sara Cassidy, who leads the Boston acquisition team as Executive Director for JP Morgan; Sarah Lagosh, Director (investment sales) at Eastdil Secured; and 40-year industry veteran Judy Nitsch, founding principal and Chairman of the Board at Nitsch Engineering. This year’s discussion focused on the importance of recognizing, creating and accepting opportunities in the marketplace. Lagosh, Cassidy and Campisano each entered the field directly out of college, but took divergent paths to their current positions. Lagosh says she “fell into” the business, landing a job in the research division of Meredith & Grew (now Colliers International) with “zero” real estate background before embarking on a career

in investment sales there six months later. She is now a vital cog in one of the region’s top producing brokerage teams at Eastdil, RR an JR expertise pg ad:Layout 10/14/14 with in the1debt markets. 3:45 “I took a lot of opportunities, I raised my

if you believe it, people around you will recognize it and let you take that opportunity.” Lagosh is still one of approximately 10 PM Pageat1 Eastdil to have risen above women Senior VP level internationally (Eastdil is a

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janitronics.com hand and asked a lot of questions at a very male-dominated brokerage firm that luckily had a few ladies there that led the way,” Lagosh recounted. “But you have to be confident in who you are and actually and truly believe that you can be impactful, because

wholly owned subsidiary of Wells Fargo) and she is often the only woman in the room at deal closing dinners, but says she has learned to use it to her advantage. “Women bring a dynamic and a flexible perspective continued on page 32

THE REAL REPORTER

November 14, 2014

Fervor Builds for Mixed-Use Brookline Asset BY JOE CLEMENTS

ROOKLINE — Given the prime spot straddling Coolidge Corner and Brookline Village, plus intense demand for urban multifamily and retail in metropolitan Boston, NAI/Hunneman principal Robert Tito has no asking price in listing 75-87 Harvard St. for his firm’s client, explaining Gina Barroso the vagaries are too skewed for normal valuation of the mixed-use asset that turned 100 years old in 2010. Instead, bidders themselves will set the 75-87 Harvard St., Brookline MA bar via a call for offers York is in the mix, as are established local Robert Tito approach after a view- bidders from all quarters. “This shows ing period where a dozen tours are already what a real drought there is for product of lined up for one day this week by the its size and location,” Tito tells Real NAI/Hunneman team that includes Reporter of what he terms “an incredible Associate Gina Barroso. While declining to response” at the outset. “The little guys identify suitors, Tito says capital from New want it, the big guys want it, and the in-

between guys want it,” he relays, crediting the combination of 21 multifamily units and 6,000 sf of ground level and visible floor plates with street parking at a signalized intersection for fomenting the demand. continued on page 23

November 14, 2014

THE REAL REPORTER

Calare/Hackman Select JLL to Sell 234,000 SF in Dedham

480 Sprague St., Dedham MA BY JOE CLEMENTS

EDHAM — JLL’s latest Route 128 listing is less heralded for what the building is than where 480 Sprague St. sits, the 234,000-sf structure in Robert Borden many ways a standard high- Frank Petz bay industrial facility common along Interstate 495 some 25 miles outside Boston. The cachet of 480 Sprague St. comes in being one-third of that distance from the urban centers where consumer-oriented Richard Schuhwerk companies want their dis- Ed Jarosz tribution centers, explains JLL Capital Markets Vice President Robert Borden, pointing directly to Macy’s and Restoration Hardware, whose leases at the Dedham complex encompass 74 percent of the space in separate agreements each extending another five years. “That is a perfect example of how attractive the location is,” says Borden of two marquee retailers who eagerly snagged positions in the property. Adds JLL Managing Director Frank Petz: “The whole thing in distribution these days is proximity to doorsteps and to rooftops . . . That’s driving everything” in the improving industrial sector that has seen steady gains in occupancies and rents throughout New England. Thanks to so-called higher-and-better uses, nearly all industrial options save for a few—i.e. 480 Sprague. St.—have disappeared from Route 128 within, relegated to the I-495 industrial corridor. In a reverse commute way, 480 Sprague St. can also service the bedroom communities such as Concord, Sudbury, Wayland, Weston and Wellesley. “It is tough to beat the location,” says Borden, who also praises the stewardship of its owners, a partnership of Calare and Hackman Capital that has invested $2 million in 480 Sprague St. to create the first-class elements required to attract blue-chip tenants brought to the park through the leasing efforts of CBRE/New England. The tight market bodes well for further leasing at 480 continued on page 27

THE REAL REPORTER

November 14, 2014

Keller Williams Broker Lutts Does Triple Trade for $5.6M

CALL FOR OFFERS ROBERT TITO Executive Vice President, Principal 617.457.3231 rtito@naihunneman.com

GINA BARROSO Associate 617.457.3261 gbarroso@naihunneman.com

Attractive MIXED-USE corner building located in the desirable BROOKLINE VILLAGE submarket Strong occupancy Future growth Well maintained Easy access to downtown Preferred product type for domestic and foreign investors 303 Congress Street | Boston, MA 02210 www.naihunneman.com

1-7 Dodge St., Beverly MA

ANVERS — Living up to his recent designation as North Shore Association of Realtors’ Rookie of the Year, Keller Williams broker Peter Lutts has facilitated the sale of three retail plazas, transactions totaling $5.65 million. Two local investors acquired the assets in three separate deals, with Holloran Development LLC buying 35 and 47 Elm St. in Peter Lutts Danvers and Dodge Street Realty Partners LLC purchasing 1-7 Dodge St. in Beverly for $2.81 million. Seller financing was obtained for all three assets. The Beverly exchange was the largest dollar-wise and in the size of the multi-tenanted property harvested by Prime Realty Trust II to Dodge Street Realty principal Paul Herrick. Near Route continued on page 33

Cresa Boston Names New Director

OSTON — Gabrielle Beaudry has joined Cresa Boston’s growing commercial real estate office as an advisor, according to officials at North America’s largest corporate real estate advisory firm exclusively representing tenants. Beaudry is working on Cresa’s suburban team with a concentration in the Route 128 North corridor where she is helping anaGabrielle Beaudry lyze market conditions, developing new business, negotiating leases and offering strategic planning ideas to support the firm’s clientele. She had most recently worked as a territory sales manager for Altria’s offices in Dallas and Syracuse. Beaudry is familiar with both markets, having earned a Bachelor’s degree in Marketing from the Whitman School of Management at Syracuse University and an MBA at Southern Methodist University in Dallas via its Cox School of Business. A resident of Charlestown, Beaudry is affiliated with the Boston Young Professionals Club, New England Women in Real Estate, the Southern Methodist Alumni Association and Syracuse University Alumni Club. Mentoring youth and volunteering with an animal rescue organization are among her endeavors giving n back to the community.

THE REAL REPORTER

November 14, 2014

Campanelli, Thorndike Launch Upland Project

Upland Woods Apartments, Norwood MA (Rendering)

ORWOOD — Hearkening back to its early days as a residential developer, Campanelli this past week broke ground with partner Thorndike Development on a 262unit multifamily community here at Upland Woods. The seven-building complex on 24 acres is slated to begin moving residents in by next summer with completion in early 2016. Daniel DeMarco Both partners have extensive residential experience, collectively having built and sold thousands of homes over a combined career spanning six decades. Campanelli’s founding brothers were so prolific in constructing more than 30,000 ranch homes in the US after their founding in 1947 that the style came to be known as the “Campanelli Ranch,” a penchant that evolved into the commercial real estate Jeff DeMarco realm where the Braintree firm has constructed more than 20 continued on page 27

NAFI Gives Top Award to John J. Boyle

`OSTON — Cassidy Turley has announced principal John J. Boyle III’s selection for the 2014 Spirit of Community Award unveiled at the North American Family Institute’s 40th anniversary conference held recently at the DoubleTree Hotel in Danvers in front of 700 L-R: North America Family Institute President attendees and well-wishers. Dr. Yitzhak Bakal, Cassidy Turley Executive The commendation repre- Managing Director John J. Boyle III and NAFI sents highest honors given Director of Operations and Training Paul for exceptional service by Lewis, Youth Link program. NAFI, a provider of community and residential programs assisting at-risk children and families in nine states from Maine to Florida. “We are so pleased to award John this prestigious award,” continued on page 31

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THE REAL REPORTER

November 14, 2014

Dispensing Knowledge on MA Marijuana Law BY GARY P. LILIENTHAL AND ERIC T. SPEED

Photo: Derek Szabo

OSTON — Massachusetts is now among a number of states permitting the limited dispensing and use of marijuana and related products for medical purposes. After a resounding victory at the polls in 2012, the state adopted “An Act for the Humanitarian Medical Use of Marijuana” (Chapter 369 of the Acts of 2012) and its corresponding Department of Public Health regulations (105 CMR enabling and REAL IDEAS 725) regulating the establishment of up to 35 marijuana dispensaries statewide. The statute and the regulations closely control some salient aspects of the placement and operation of the dispensaries, yet the real Gary P. Lilienthal “devils in the details” that continue to be worked out are local land use issues in siting and operating this unique use. Of the 35 potential sites, the statute and the regulations provide for a maximum of Eric T. Speed five dispensaries per county and a minimum of one per county. There are 14 counties in Massachusetts. At present, there are seven counties with applications in the “Inspection Phase,” the final stage of state review. Certain applicants with unapproved applications have been invited to submit applications for one or more of the seven open counties. Applications are considered on a first come, first served basis. The state review process considers criteria such as the reputation and experience of the people applying, financial viability of the applicant, and local support or opposition to the application. Applications must be site specific. The only state regulation addressing siting states that, absent local requirements, each dispensary must be at least 500 feet from a school, day care facility, or other type of location where children may gather. Beyond that, power is left to the local municipalities to institute land use controls.

A large number of municipalities, espe- a community more receptive to the idea of cially locations with proposed dispensaries, hosting a dispensary, it could also lead to have debated whether to institute regula- costly and delaying litigation. Next in the local approval process is to tions controlling this use. Similar to any other business, the use of property for a determine what terms or conditions must be marijuana dispensary will need to comply met for the approval of a dispensary in an with local use and other zoning regulations. allowed use district. Likely, each municipalHowever, with this more impactful use cat- ity permitting such use will make its operation dependent upon the egory, municipalities are issuance of a special permit pursuing a myriad of conThe real ‘devils in or a similar public hearing trols over siting and operatype process. The use may tion. While an outright ban the details’ that also be made subject to dison dispensaries has been continue to be non-discrestruck down by the worked out are local trict-wide, tionary dimensional requireMassachusetts Attorney land use issues in ments (e.g. setbacks, parkGeneral’s office, temporary moratoria have been siting and operating ing etc.) and other specific this unique use. use related restrictions. allowed as a method of These considerations and delaying the opening of restrictions are not unlike facilities while local officials those placed on Adult Entertainment Zones. decide how best to handle zoning issues. A number of municipalities have tai- Generally, special permits are governed by lored specific “medical marijuana dispen- M.G.L. c. 40A §9. In short, they are a permitsary” use categories and adopted districts ting safety net which gives the special permit where the use may be allowed by special granting authority, usually the Zoning Board permit. New zoning regulations have been of Appeals or the Planning Board, broad disadopted in Brookline, Brockton, Milford, cretionary authority to determine whether a Springfield and Newton. In locations such use is “in harmony with the general purpose as Salem, which have decided not to and intent of the ordinance or by-law.” Marijuana dispensaries pose complicatchange their existing zoning, determinations must be made on which existing use ed issues. A board will likely consider the category will encompass dispensaries. effect on other uses in the neighborhood, as Whether a facility can qualify under a gen- well as the applicant’s plans for its facility eral “Business” use category has yet to be and operation. Such matters will be raised determined. While that may be possible in continued on page 35

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THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014

NOV 7TH MTG: $10,200,000 from Webster Bank ADD: 1 Railroad St., Milford BWR: Railroad Street Holdings LLC, managed by Frank C. Romano BUYER: I.O.G. Development Limited Partnership, managed by Joseph P. Diblasi, Arch Painting Inc. SELLER: Matthew P. Maggiore, trustee of AMP Realty TR PRICE/ADD: $3,438,000; 83 Cambridge St., Burlington MTG: $2,720,000 from TD Bank NOTES: Office property, constructed 1980; building size is 24,125, lot size is 1.3 acres; last sold for $190,000 in Sept. 1981 BUYER: 1K Mass Ave LLC, mgd. by Jonah Jacob SELLER: Newmarket Square Associates II LLC, managed by John Gorman PRICE/ADD: $3,075,000; 1000 Massachusetts Ave., Boston NOTES: Industrial property, constructed 1915; building size is 24,000 sf, lot size is 40,175 sf; last sold for $3,350,000 in Aug. 2008 MTG: $3,000,000 from Eagle Bank ADD: 111 and 153 South St., Somerville BWR: Boynton Yards Associates I LLC, mgd. by Michael C. Kennedy and Brian M. Mount BUYER: Payal Hotel LLC, managed by Kamleshkumar T. Patel SELLER: Nikitas Family Inns Inc., managed by Nicholas M. Nikitas, president and treasurer PRICE/ADD: $2,940,000; 149 Main St., Kingston MTG: $2,632,825 from Bank of Newport NOTES: Motel property, const. 1967; 66 units; bldg. size is 70,200 sf, lot size is 2.9 acres; sellers’ family ownership in property dates to April 1967 BUYER: Al Hamra Academy Inc., managed by Haroon Hashmi, pres.; Ziad Sandakli, treas. SELLER: Iqbal Ali and A.A. Farooq Ansari, trustees of South Street Realty TR PRICE/ADD: $2,600,000; 435 and 435R South St., Shrewsbury MTG: $1,074,000 from Iqbal Ali and A.A. Farooq Ansari of South Street Realty TR and Five Pillar Educational TR and $1,452,000 from Bay State SB NOTES: Tax-exempt property, constructed 1974; building size is 14,000 sf, lot size is 8.1 acres; last sold for $1,130,000 in Jan. 2003 MTG: $1,500,000* from Enterprise B&T Co. ADD: 123 Independence Rd., Concord BWR: C3 Development LLC, managed by Matthew B. Smith NOTES: *Construction mortgage

Shorenstein Properties has reaped $169.7 million after swapping Seaport Center in Boston’s emerging Seaport District to a pair of well-known investors, Commonwealth Ventures and Meritage Properties. The 463,000-sf structure at 451 D St. that San Francisco-based Shorenstein paid $115 million for in May 2012 was sold through Eastdil Secured’s Boston office at a substantial gain, its per-sf pricing of $366 credited to increased occupancy and continued popularity of the emerging district where rents are now ahead of the Financial District. Home to several operations including the Boston Herald, Seaport Center’s blockbuster trade was first revealed at therealreporter.com on Nov. 3rd.

MTG: $1,247,000 from Enterprise B&T Co. ADD: 37 Commercial Dr., Winchendon BWR: R&T Hockey LLC, mgd. by Nabil Farooq, vp

NOV 6TH BUYER: 451 D Street LLC, mgd. by Commonwealth Ventures and Meritage Properties SELLER: SRI Ten Seaport Center LLC, managed by Shorenstein Properties PRICE/ADD: $169,750,000; 451D St. and 6084 and 67-75 Fargo St., Boston MTG: $108,400,000 from Prima Mortgage Investment Trust LLC NOTES: Office property, constructed 1909; building size is 461,000 sf, lot size is 1.9 acres; last sold for $115.0 million in May 2012 BUYER: SPUS7 150 CambridgePark LP, mgd. by CBRE Global Investors SELLER: BRE/CPD LLC, managed by Blackstone Real Estate Partners PRICE/ADD: $95,600,000; 150 CambridgePark Dr., Cambridge NOTES: Office property, const. 1986, bldg. size is 286,325 sf, lot size is 5.7 acres; bldg. acq. along with 150 CambridgePark Dr. in June 2011 for $81.5 million; see related sale below

BUYER: SPUS7 125 CambridgePark LP, managed by CBRE Global Investors SELLER: BRE/CPD LLC, managed by Blackstone Real Estate Partners PRICE/ADD: $67,400,000; 125 CambridgePark Dr., Cambridge NOTES: Office property, const. 1984, building size is 201,925 sf, lot size is 5.7 acres; building acquired along with 150 CambridgePark Dr. in June 2011 for $81.5 million; see related sale above MTG: $7,275,000 from Commerce B&T Co. ADD: 99 Conifer Hill Rd., Danvers BWR: Danvers Properties II LLC, managed by John E. Kavanagh III, president and treasurer MTG: $1,700,000 from Randolph SB ADD: 221 Chestnut Ave. and 30 East Cottage St. and 34 Forbes St., U-1, Boston BWR: 221 Chestnut LLC and Oak Hill Park LLC, managed by Diomid Bashkinov, Vladimir Prokupets, Fred Starikov and Stephen Whalen BUYER: Prospect Commons LLC, managed by Melissa Piantidosi SELLER: Sunoco Inc.(R &M), managed by Anthony M. Williams, real estate manager continued on page 12

THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014 continued from page 11 PRICE/ADD: $1,350,000; 434 McGrath Hwy., Somerville NOTES: Retail property, constructed 1960; building size is 1,325 sf, lot size is 36,600 sf; last sold for $10,000 in Aug. 1981

NOV 5TH BUYER: CPT 30 Inner Belt LLC, mgd. by AEW Capital SELLER: Prologis Targeted U.S. Logistics Fund LP f/k/a AMB U.S. Logistics Fund LP PRICE/ADD: $26,100,000; 30 Innerbelt Rd., Somerville NOTES: Industrial property, constructed 1968; first building size is 80,650 sf, lot size is 8.1 acres; second building size is 115,250 sf; last sold for $9,500,000 in Feb. 2004 MTG: $9,000,000 from Barclays Bank ADD: 33 Boston Post Rd., Marlborough BWR: BPR Equity Partners 2 LLC, mgd. by KS Partners MTG: $6,500,000 from Harris Bank ADD: 343 Center St., Ludlow, 646 Summer St., Springfield; and 298 Memorial Ave., West Springfield BWR: G.F. Enterprise II LLC, mgd. by George Fellows MTG: $4,845,000 from Cape Cod Five Cents SB ADD: 84 Belgrade Ave., Boston; 1160 North Main St., Randolph; 386 Washington St., Stoughton; and 182 Onset Ave. and 2 West Central Ave., Wareham BWR: Papantoniadis Properties LLC, mgd. by Anastasia Papantoniadis & Gregory Papantoniadis MTG: $1,800,000 from Salem Five Cents SB ADD: 1174-1178 Cambridge St., Cambridge BWR: 1174-1178 Cambridge Street LLC, managed by Christos Kourtidis MTG: $1,550,000 from Eastern Bank ADD: 43 Winter St., Units 2, 3,4 and 5, Boston BWR: Winter Street Condominiums LLC, managed by John Staunton MTG: $1,500,000 from Dedham Institution for Savings ADD: 242 Dedham St., Norfolk BWR: Dedham Street Realty LLC, managed by Christopher Claropoulos, Basilios Glaropoulos, George Primpas and John T. Primpas BUYER: Nea Zichni LLC, mgd. by Periklis Koutsouris SELLER: Victor Alexandropoulos PRICE/ADD: $1,375,000; 870 Worcester St., Wellesley MTG: $1,031,250 from Mutual Bank NOTES: Retail property; auto service station; building size is 3,500 sf, lot size is 13,550 sf; last sold for $400,000 in June 1994

Kimco Realty has pared off two Massachusetts retail assets purchased via a massive portfolio acquisition in May from Bollard Group, among them the refurbished and expanded Westmeadow Plaza in Westborough. The buyers are principals of Ocean State Job Lot, a tenant there and at 260 Upper County Rd. in Dennisport. Priced at $9.0 million when acquired by Kimco, the 200,000-sf Westmeadow Plaza at 166-180 Milk St. traded for $10,847,722 to OSJ of Westborough, an entity managed by John D. Conforti, Alan Perlman and Marc Perlman. OSJ of Dennisport LLC paid $3,615,907 for 714 Main St. and 260 Upper County Rd., a 61,000-sf assemblage on 5.7 acres secured in the May deal for $2,500,000. It is unclear whether a broker was involved in the latest transactions. The Bollard listing of two dozen retail centers was handled by HFF’s Capital Markets team in Boston led by Senior Managing Director James Koury.

NOV 4TH BUYER: Equity Partners LLC, Federal Street Equity Partners LLC and Peabody Equity Partners LLC, mgd. by Aegean Capital, c/o Constantine Alexakos SELLER: Cornerstone Real Estate Advisers, c/o Massachusetts Mutual Life Insurance Co. PRICE/ADD: $47,100,000; 24 Federal St., and 3 Post Office Sq., Boston MTG: $14,329,045 from Wexford Holding Co. Limited, $16,609,339 from Boxwood Ventures LLC, $2,997,859 from Boxwood Ventures LLC and $4,872,000 from Wexford Holding Co. Limited NOTES: Mixed-use properties; office and retail; 24 Federal St. const. 1921; bldg. size is 74,400 sf, lot size is 5,625 sf; 3 Post Office Sq. const. 1905; bldg. size is 65,125 sf, lot size is 4,200 sf; properties last sold for $33,200,000 in May 2003 BUYER: Watertown Gables LLC, managed by Gables Group, Atlanta SELLER: Cresset W/S Venture LLC, managed by Cresset Partners PRICE/ADD: $20,566,000; 202-204 Arsenal St. and 58 Irving St., Watertown NOTES: 202-204 Arsenal St. a retail property, const. 1960; building size is 2,575 sf, lot size is 5,225 sf; last sold for $800,000 in June 2008; 58 Irving St. an industrial property, constructed 1948; building size is 126,400 sf, lot size is 4.1 acres; last sold for $5,825,000 in March 2008

BUYER: PSI Atlantic Haverhill MA LLC managed by Douglas M. McCarron and James G. Williams, Memphis SELLER: Hale Street Real Estate LLC, managed by Curtis Sweet and Kenneth Sweet PRICE/ADD: $4,550,000; 9-15 Hale St. and 8 and 14 Lewis St., Haverhill NOTES: Industrial property, constructed 1900; building size is 111,600 sf, lot size is 26,700 sf; last sold for $327,500 in Aug. 2000 BUYER: PSI Atlantic Lawrence MA LLC, managed by Douglas M. McCarron and James G. Williams, Memphis SELLER: 51 South Canal Street LLC, managed by Curtis L. Sweet and Kenneth C. Sweet PRICE/ADD: $3,800,000; 51 South Canal St., Lawrence NOTES: Industrial warehouse, constructed 1975; multiple units acquired at different times BUYER: I Am The Walrus LLC, managed by F.W. Webb Co. SELLER: Lesley I. Shore, James W. Tragakis and William J. Tragakis, trustees of TRAG Realty TR PRICE/ADD: $2,825,000; 33 Grove St., Watertown NOTES: Industrial property, constructed 1989; building size is 37,425 sf, lot size is 1.1 acres; sellers’ ownership in property dates to April 1984 continued on page 13

THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014 continued from page 12 BUYER: SWH Realty LLC, managed by Eva Haley and Stephen W. Haley SELLER: Charles Yiakas, trustee of Trinity Realty TR PRICE/ADD: $1,900,000; 3 Southside Rd., Danvers MTG: $1,425,000 from Institution for Savings in Newburyport and Its Vicinity NOTES: Industrial property, constructed 1988; building size is 19,950 sf, lot size is two acres; seller’s ownership in property dates to April 1987

NOV 3RD MTG: $15,000,000 from Wells Fargo Bank ADD: 1 Commercial St., Sharon BWR: Jumbo Capital PF Sharon LLC, Jay O. Hirsh BUYER: South Shore Real Estate Investors LLC, c/o Life Care Centers of America Inc., Tennessee SELLER: HCRI Massachusetts Properties Inc., c/o HCRI Inc., Toledo OH PRICE/ADD: $13,786,103; 309 Driftway, Scituate MTG: $50,000,000 from Wells Fargo Bank NOTES: Nursing home, constructed 1976; building size is 45,750 sf, lot size is 4.9 acres; last sold for $8,500,000 in Dec. 2005 BUYER: Wayne at Columbia LLC, managed by Daniel Cruz Jr. and John B. Cruz III SELLER: Wayne Apartments Project Limited Partnership, John B. Cruz III, president PRICE/ADD: $12,000,000; 6-8 and 10-10A Bellevue St. and 217, 467, 471, and 507-509 Columbia Rd., Boston MTG: $20,659,070 from Eastern Bank NOTES: Multifamily props.; 6-8 Bellevue St. const. 1930; bldg. size is 11,800 sf, lot size is 4,375 sf; 10-10A Bellevue St. const. 1901, renovated 1989; bldg. size is 7,675 sf, lot size is 21,950 sf; 217 Columbia Rd. const. 1910, renovated 1989; bldg. size is 12,175 sf, lot size is 6,650 sf; 1920, renovated 1989; bldg. size is 10,825 sf, lot size is 6,500 sf; 471 Columbia Rd. const. 1930, renovated 1989; bldg. size is 10,125 sf, lot size is 6,575 sf; 507-509 Columbia Rd. const. 1899, renovated 1989; bldg. size is 9,850 sf, lot size is 3,750 sf

Somerville and industrial real estate are getting a lot more respect these days, as evident in the $26.1 million sale of 30 Inner Belt Rd. by Prologis to AEW Capital via a Cushman & Wakefield exclusive. The 195,350-sf industrial facility that dates to 1968 was purchased by Prologis predecessor for $9.5 million in Feb. 2004. The fully leased asset on eight acres in the evolving district near Sullivan Square has clear heights to 23 feet, 22 dock doors and two drive-in doors plus efficient column spacing and is among “a handful of top-tier industrial properties located in Boston’s urban marketplace,” C&W Executive Director Matthew E. Pullen says of a property handled by the Capital Markets Group leadership including Robert E. Griffin Jr. and Edward C. Maher Jr. On top of high-end warehouse, 30 Inner Belt Rd. contains 20,000 sf of office space.

BUYER: Cross Street Landing LLC, managed by Kenneth F. Sommer SELLER: 26 Cross Street LLC, managed by David I. Oppenheim PRICE/ADD: $6,000,000; 36 Cross St., Chatham MTG: $3,000,000 from 26 Cross Street LLC NOTES: Nine hospitality properties; first building constructed 2000; building size is 2,975 sf, lot size is 2.1 acres; second building constructed 2000; building size is 2,975 sf; third building constructed 1880; building size is 2,450 sf; fourth building size constructed 1890; building size is 1,550 sf; fifth building constructed 2000; building size is 1,975 sf; sixth building, constructed 1824; building size is 1,825 sf; seventh building constructed 1960; building size is 2,650 sf; eighth building constructed 1860; building size is 4,150 sf; ninth building constructed 1860; building size is 2,600 sf; properties last sold for $1,500,000 in Jan. 1998

MTG: $4,500,000 from HarborOne Bank ADD: 910 Andover St. and 1352-1360 Main St., Tewksbury BWR: Fahey Place , mgd. by John D. Sullivan, president & treasurer BUYER: Parkway Realty LLC, managed by Brian Reynolds, president SELLER: John P. Burke, Sally H. Burke, George W. Nolan and Robert C. Nolan, trustees of Roscommon Healthcare Brook Farm Realty TR PRICE/ADD: $4,460,548; 1190 VFW Parkway, West Roxbury MTG: $10,200,000* from Capital One* NOTES: Nursing home, const. 1968; building size is 44,075 sf, lot size is 64,050 sf; last sold for $1,120,000 in Feb. 2005; *see related mortgage/sales this date of 405 River St., Mattapan; and 5060 Washington St., West Roxbury

MTG: $8,400,000 from Seminole Funding Resources LLC ADD: 385 Quaker Hwy., Uxbridge BWR: SUNE SEM 3 LLC, mgd. by Suay Parikh

BUYER: PSI Atlantic Brockton MA LLC, mgd. by Douglas McCarron and James Williams, Memphis TN SELLER: Montello Street LLC, managed by Curtis L. Sweet and Kenneth C. Sweet PRICE/ADD: $4,900,000; 18-20 N. Montello St., Brockton NOTES: Industrial property, constructed 1900; building size is 67,225 sf, lot size is 1.2 acres; last sold for $1,350,000 in July 2008

BUYER: Mattapan Realty LLC, managed by Brian Reynolds, president SELLER: John P. Burke, Sally H. Burke, and George W. Nolan and Robert C. Nolan, trustees of Roscommon Healthcare Brook Farm Realty TR PRICE/ADD: $3,733,973; 405 River St., Mattapan MTG: $10,200,000* from Capital One NOTES: Nursing home, constructed 1950; building size is 24,550 sf, lot size is 22,725 sf; last sold for $1,000,000 in Dec. 2001; *see related mortgage/sales this date of 1190 VFW Pkwy. and 5060 Washington St., West Roxbury

MTG: $7,000,000 from Nationwide Life Insurance Co. ADD: 57 Bedford St., Lexington BWR: 57 Bedford LLC, mgd. by Ivy B. Freedman

MTG: $4,600,000 from Bank of America ADD: 2181-2195 Providence Hwy., Walpole BWR: Witcher and Witcher LLC, managed by Richard W. Witcher and William L. Witcher

BUYER: OSJ of Dennisport LLC, managed by John Conforti, Alan Perlman and Marc Perlman

MTG: $9,888,352 from Middlesex SB ADD: 89-93 Main St., Andover BWR: Lincoln Essex OAV Manager LLC, mgd. by John W. Fenton

continued on page 14

THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014 continued from page 13 SELLER: 450 Main Street 1719 LLC, managed by Kimco Realty Co. PRICE/ADD: $3,615,907; 714 Main St. and 260 Upper County Rd., Dennis NOTES: Retail properties, const. 1969; 714 Main St. bldg. size is 25,800 sf, lot size is 2.9 acres; 260 Upper County Rd. bldg. size is 34,500 sf, lot size is 3.1 acres; last sold for $2,500,000 in May 2014. BUYER: Charlton Kao, trustee of 1000 Memorial Drive TR SELLER: Linda Rossi and Valerie Swett, Personal Representatives of The Estate of Irene Lombroso and The Estate of Cesare T. Lombroso and Bank of America NA PRICE/ADD: $2,935,000; 1000 Memorial Dr., Cambridge MTG: $2,160,000 from Cambridge Trust Co. NOTES: Multifamily property, constructed 1900; four units; building size is 6,625 sf, lot size is 2,800 sf; sellers’ family acquired property in Sept. 1955 for $19,450 BUYER: West Roxbury Realty LLC, managed by Brian Reynolds, president SELLER: John P. Burke, Sally H. Burke, George W. Nolan, and Robert C. Nolan, trustees of Roscommon Healthcare Brook Farm Realty TR PRICE/ADD: $2,825,479*; 5060 Washington St., West Roxbury MTG: $10,200,000 from Capital One NOTES: Nursing home, const. 1960, renovated 1985; building size is 13,075 sf, lot size is 33,700 sf; last sold for $1,080,000 in April 2004; *see related mortgage/sales this date of 405 River St., Mattapan; and 1190 VFW Pkwy., West Roxbury MTG: $2,000,000 from TD Bank ADD: 677 and 683 Washington St., Brookline; and 11 Everett St., Cambridge BWR: Catherine T. Chan and David C.W. Chan BUYER: TN Capital LLC, managed by Shuimu Huang and Steven F. Smoot SELLER: Gerald P. Atkins Sr., trustee of Aces High Realty TR PRICE/ADD: $1,430,000; 803, 805 and 807 Boylston St., Brookline MTG: $840,000 from Eastern Bank NOTES: Mixed-use property, const. 1900; residential and retail; bldg. size is 6,650 sf, lot size is 4,050 sf; last sold for $730,000 in March 2004 MTG: $1,000,000 from Massachusetts Department of Housing and Community Development and $2,500,000 from Chinese Economic Development Council Inc. and $12,135,000 from Eastern Bank ADD: 10 Oxford St., Boston

Jumbo Capital has secured $15.0 million in Wells Fargo Bank financing on a cold-storage facility the Hingham-based real estate firm owns at 1 Commercial St. in Sharon. Totaling just over 103,000 sf, the 12year-old building sits on 9.9 acres near Interstate 95 and Routes 1 and 24. Jumbo Capital has held the property since Dec. 2009 when it paid $15,350,000, a discount to the $17,735,534 that 1 Commercial St. brought in Jan. 2006. In marketing materials, the building was touted for having 10 years of lease term remaining by the anchor tenant, and pegged the capitalization rate for a trade in the 7.5 percent sphere. Rental rates in the “landlord-friendly lease” include escalations of roughly 8 percent every five years.

BWR: CEDC Oxford Ping On LLC, managed by Dr. Edward Chiang, chairman

BWR: ADM Agawam Development LLC, mgd. by Michael Hogan, pres.; Laurence Mulhern, treas.

BUYER: International Church of God, mgd. by Joseph Simon, pres.; Vinsant Abraham, treas. SELLER: 3 Brothers Development Co., LLC, managed by Christopher Emilius PRICE/ADD: $1,520,000; 24 Ray Ave., Burlington MTG: $700,000 from Eastern Bank NOTES: Office property, constructed 1986; building size is 13,200 sf, lot size is 26,700 sf; last sold for $1,300,000 in Feb. 2005

BUYER: OSJ of Westborough LLC, managed by John Conforti, Alan Perlman and Marc Perlman SELLER: 180 Milk Street 1720 LLC, managed by Kimco Realty Corp. PRICE/ADD: $10,847,722; 166-180 Milk St., Westborough NOTES: Retail property, const. 1973; building size is 163,825 sf, lot size is 15.7 acres; seller acquired property for $9,000,000 in May 2014

MTG: $1,400,000 from North Shore Bank ADD: 624 and 628 Salem St., Lynnfield BWR: Reliable Properties LLC, mgd. by Michael DiOrio

BUYER: ARCP WG Chicopee MA, managed by Cole REIT Advisors IV, Phoenix AZ SELLER: Ogden MA LLC, managed by Robert S. Farrington Jr. PRICE/ADD: $7,769,000; 1193-1195 Granby Rd., Chicopee NOTES: Retail property, constructed 2008; building size is 13,000 sf, lot size is 1.3 acres; last sold for $7,343,750 in July 2008

BUYER: Tudor Cherry Investors II LLC, mgd. by Alan J. Doyle SELLER: Garland Holding Co. LLC, managed by Amy Garland PRICE/ADD: $1,325,000; 82-84 Sandwich Rd., Bourne MTG: $1,000,000 from Protective Life Insurance Co. NOTES: Multifamily prop., const. 1970; eight-plus units; bldg. size is 25,525 sf, lot size is 31,150 sf

OCT 31ST MTG: $1,200,000, $3,900,000 and $21,000,000 from Rockland Trust Co. ADD: On and off Agawam, Wareham and Bourne Roads, and on Mast Road and off Halfway Pond Road, Plymouth MA

BUYER: GIJV MA 3 LLC, mgd. by Greenfield Partners SELLER: RAR2-Boston Industrial QRS-MA Inc., managed by W. Todd Henderson, president PRICE/ADD: $4,940,000; 734 Forest St., Marlborough MTG: $272,500 from German American Capital Corp NOTES: Flex/industrial property, constructed 1987; building size is 54,225 sf, lot size is 8.5 acres; last sold for $4,437,275 in June 2005 continued on page 15

THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014 continued from page 14 MTG: $4,500,000 from TD Bank ADD: 110 Turnpike St., North Andover BWR: Andover Gateway LLC, mgd. by Gary Darman MTG: $3,224,212 from Enterprise B&T Co. ADD: 648-650 Old West Central St., Franklin BWR: Franklin Retail LLC, mgd. by Gregg Lisciotti MTG: $3,120,000 from Silicon Valley Bank ADD: 47 Commercial St., U-B, U-C, 77 Commercial St., U-2 and 421 Commercial St., U-3, Provincetown and 116 Castle Rd., Truro BWR: 77A Commercial Street LLC, 421 Commercial LLC, Labrador Landing LLC and Meeshawn Properties LLC, mgd. by Lyn Plummer BUYER: GIJV MA 2 LLC, managed by Greenfield Partners SELLER: RAR2 Boston Industrial QRS-MA Inc. PRICE/ADD: $2,950,000; 43 Manning Rd., Billerica MTG: $272,500,000 from German American Capital Corp. NOTES: Flex/industrial property, constructed 1984; building size is 40,025 sf, lot size is 4.4 acres; last sold for $3,476,474 in June 2005 BUYER: GIJV MA 1 LLC, managed by Greenfield Partners SELLER: RAR2-Boston Industrial QRS MA Inc. PRICE/ADD: $2,880,000; 35 Dunham Rd., Billerica MTG: $272,500,000 from German American Capital Corp. NOTES: Flex/industrial property, constructed 1984; building size is 66,950 sf, lot size is 5.7 acres; last sold for $5,083,661 in July 2005 BUYER: Dodge Street Realty Partners LLC, managed by Paul Herrick SELLER: Frances J. Booras and J. Arthur Booras Jr. a/k/a John A. Booras Jr., trustees of Prime Realty Trust II PRICE/ADD: $2,816,649; 1-7 Dodge St., Beverly MTG: $2,466,649 from J. Arthur Booras, a/k/a John A. Booras Jr., and Frances J. Booras, trustees of Prime Realty Trust II NOTES: Retail property, constructed 1958; building size is 9,7 50 sf, lot size is 26,275 sf; last sold for $935,000 in Dec. 1988 BUYER: Constitution Apartments LLC, managed by Peter Alfe and Nicholas A. Leo SELLER: 917 Bennington Street Realty LLC, managed by Dianna Tauro PRICE/ADD: $2,600,000; 917 Bennington St., Boston MTG: $1,820,000 from East Boston SB NOTES: Funeral home, constructed 1950, renovated 1990; building size is 4,750 sf, lot size is 16,150 sf; last sold for $357,500 in July 2013

The Maggiore Cos. of Woburn has harvested a long-held office building at 83 Cambridge St. in Burlington for $3,438,000 in an exchange with I.O.G. Development LP, an entity managed by Arch Painting Inc. principal Joseph Diblasi. The 24,125-sf building that turns 35 in 2015 sits on 1.3 acres near Route 128 and the Burlington Mall. Maggiore Cos. founder Paul Maggiore paid $190,000 for 83 Cambridge St. one year after its completion. TD Bank financed I.O.G. Development with a $2,720,000 mortgage.

BUYER: ARX Urban Whiting LLC, managed by Erik Lien and Benjamin S. Moll SELLER: Alex Realty Group LLC, managed by Andrew A. Tsitos PRICE/ADD: $2,282,500; 81 Whiting St., Lynn MTG: $1,660,000 from Eastern Bank NOTES: Multifamily property, constructed 1900; 21 units; building size is 16,650 sf, lot size is 18,725 sf; last sold for $1,565,000 in Oct. 2005 BUYER: Hospitality Realty Group LLC, managed by Stephanie M. Connon SELLER: Noreen E. Mastroianni PRICE/ADD: $2,150,000; 106 Southville Rd., Southborough NOTES: Retail property, constructed 2006; building size is 10,625 sf, lot size is 22,000 sf; last sold for $840,000 in Dec. 2009 BUYER: Holloran Development LLC, managed by Jeffrey S. Holloran SELLER: Denise K. Booras and Lisa C. Johnson, trustees of D&L Ventures LLC PRICE/ADD: $1,900,000; 35 Elm St., Danvers MTG: $1,725,000 from Denise Booras and Lisa Johnson, trustees of D&L Ventures LLC NOTES: Retail property, constructed 2009; building size is 4,600 sf, lot size is 18,300 sf; property last sold for $750,000 in April 2009 MTG: $1,500,000 from South Shore Bank ADD: 63 Jefferson Ave., Salem BWR: NSD Real Estate LLC, mgd. by David Hynes, Shawn Hynes and Nicholas Osgood

BUYER: JASK Real Estate I LLC, managed by Joseph Donato SELLER: Hamilton AP LLC, managed by Andrew B. Perkins PRICE/ADD: $1,500,000; 25 Hamilton Ave., Lynn MTG: $1,125,000 from Everett CoOperative Bank NOTES: Multifamily property, const. 1973; 18 units; building size is 11,175 sf, lot size is 12,200 sf; last sold for $1,500,000 in Nov. 2004 MTG: $1,400,000 from Santander Bank ADD: 48-50 Harvard Ave., Brookline BWR: Norman Katz, trustee of Pine Realty Associates MTG: $386,622 and $1,011,840 from Nuvo Bank & Trust Co. ADD: 19-23 Exposition Ter. and 1330 and 1344 Memorial Ave., West Springfield BWR: Lattitude Realty LLC, mgd. by Jeffrey Daigneau

OCT 30TH MTG: $108,736,000 from JPMorgan Chase Bank ADD: 22 Water St., Cambridge BWR: Monogram Residential 22 Water Street Project Owner LLC, f/k/a Behringer Harvard 22 Water Street Project Owner LLC MTG: $30,290,000 from Blue Hills Bank ADD: 2001 Washington St., Braintree BWR: 2001 Washington Street LLC, managed by Demetrios J. Dasco and Tracy P. Goodman continued on page 16

THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014 continued from page 15 MTG: $28,800,000 from New York Life Insurance Co. ADD: 800 South St., Waltham BWR: U.S. REIF Watermill Center Massachusetts LLC, mgd. by Peter Palandjian, president and treasurer, Intercontinental Real Estate Corp. MTG: $4,855,946 from TD Bank ADD: 51 Crocker Rd. and 1600 Falmouth Rd., Centerville BWR: Bell Tower Corp., managed by John T. Callahan III, president BUYER: Brendon Properties Danforth Green LLC, mgd. by Leslie Carey, Kevin Giblin & Kenneth May SELLER: Danforth Green LLC, managed by Todd S. McDowell PRICE/ADD: $4,162,000; Off Riverpath Drive, Lots 1, 991, 1013 and 1015, Framingham MTG: $110,000,000 from MutualOne Bank NOTES: Land parcels; lot size totals 47,225 sf MTG: $3,750,000 from Arbor Commercial Funding PRICE/ADD: 32 Chestnut St., 38 and 44 Estes St. and 8-10 and 12-14 Fortesque Ter., Lynn BWR: EMRS Realty Group LLC, managed by Charles R. Sciascia NOTES: Multifamily props.; 32 Chestnut St. const. 1913; nine units; bldg. size is 5,275 sf, lot size is one acre; 38 Estes St. constructed 1910; 15 units; bldg. size is 9,300 sf, lot size is 6,100 sf; 44 Estes St. const. 1926; 26 units; bldg. size is 19,500 sf, lot size is 8,725 sf; 8 Fortesque Sq. const. 1913; six units; bldg. size is 4,425 sf, lot size is 2,625 sf; 12-14 Fortesque Sq. const. 1913; six units; bldg. size is 4,000 sf, lot size is 225 sf; borrower acquired properties in July 2005 for $4.250,000 BUYER: Madden Realty Associates LLC, managed by John P. Madden Jr. SELLER: EJB Trust East Cross Street LLC, managed by Robert A. Wakely PRICE/ADD: $2,000,000; East Cross Street, West Border Road; and U.S. Route #1, Lot A, Norwood NOTES: Land parcel; lot size is four acres; last sold for $1,900,000 in July 2005 MTG: $1,540,000 from Georgetown Bank ADD: 119 R Foster St., Peabody BWR: RTW Realty LLC, mgd. by Richard Tower Jr. MTG: $1,511,000 from Rockland Trust Co. ADD: 20 Holman Rd. and 4 Natalie Way, Plymouth BWR: Frank C. Dunlap Inc., managed by David Hatton, president; FrankDunlap Jr., treasurer MTG: $1,410,000 from The Milford National Bank and Trust Co. ADD: 22 Griggs Rd. & 81 West Millbury Rd., Sutton BWR: Daniel P. Kelley

Santander Bank has delivered $1,400,000 in financing to Pine Realty Associates, longtime owners of an apartment building at 48-50 Harvard Ave. in Brookline. Norman O. Katz is trustee of 48-50 Harvard Ave., a 14,050-sf building near the Boston border at Commonwealth Avenue. Pine Realty has owned the 24unit property since paying $210,000 in June 1976.

MTG: $1,320,000 from Brookline Bank ADD: 2 Bates St., Danvers and 146 Lawrence St. and 420 Pearl St., U-A, Malden BWR: Triangle Inc., mgd. by Michael Rodrigues, CEO

NOTES: Hotel property built on waterfront pier; hotel constructed 2008 as condominium; 150 rooms; building size is 89,625 sf, lot size is 2.6 acres; last sold for $27.0 million in Aug. 2000

MTG: $1,034,377 from Beverly Bank ADD: 141, 143 and 145 Marcella St., Boston BWR: Boston Real Estate Collaborative LLC, managed by V. William Avanessian, Brent A. Berc and Charles Patrick Haydon

BUYER: Lynnway Assoc. LLC, mgd. by Charles Patsios SELLER: General Electric Co. PRICE/ADD: $7,600,000; Lynnway, Gear Plant, Lynn NOTES: Land parcel; lot size is 65.5 acres; sellerâ&#x20AC;&#x2122;s ownership in parcel dates to Feb. 1971

MTG: $1,000,000 from Hingham Institution for Savings ADD: 1411 Blue Hill Ave., 1 Faulkner Cir. and 111-115 Stratton St., Boston BWR: Home Reconstruction LLC, mgd. by Vu Cuong

MTG: $7,500,000 from Brookline Bank ADD: 111 Perkins St., Boston BWR: Jamaicaway Tower and Townhouse Cooperative Housing Corp., managed by Hyam Kramer, president; Joan S. Freedman, treasurer

MTG: $1,000,000 from Avidia Bank ADD: 46 Cottage St. and 70 Elm St., Worcester BWR: 70 Elm Street Property LLC, managed by Houssam Alkhoury

MTG: $3,972,700 from Walker & Dunlop LLC ADD: 706 Huntington Ave., Boston BWR: 706 Huntington Limited Partnership, mgd. by Maria Sanchez, pres.; Elizabeth Galvin, treas., c/o Mission Hill Neighborhood Housing Services

OCT 29TH MTG: $115,970,400 from MESA West Core Lending Fund LLC ADD: 10 Post Office Sq., Boston BWR: SHIGO 10 PO Owner LLC, managed by GreenOak Real Estate and Synergy Investments BUYER: BBWH Hospitality LLC, managed by Westmont Hospitality TR, Houston SELLER: RBW LLC, managed by Development Management Ventures PRICE/ADD: $48,600,000; 2-5 Battery Wharf, a/k/a 377-395 Commercial St., Boston MTG: $39,020,000 from Pacific Western Bank

MTG: $3,643,000 from TD Bank ADD: 162 Cordaville Rd., Southborough BWR: Cordaville Associates LLC, mgd. by Kosta Baltas MTG: $3,000,000 from Middlesex SB ADD: Colonial Drive & Cross Street, 45 lots, Boylston BWR: Barnard Hill Estates LLC, managed by Youssef B. Chehade MTG: $1,000,000 from Realty Capital LLC ADD: 381 Appleton St., Arlington; and 5 Lanes End, Framingham BWR: Reem Property LLC, managed by Mohammad Abouchleih continued on page 17

THE REAL REPORTER

November 14, 2014

Commercial Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 27 - NOVEMBER 7, 2014 continued from page 16 BUYER: City Point Place LLC, managed by Stephen Thomas Pitrowski SELLER: Jason Penn, trustee of J&E Realty TR PRICE/ADD: $1,000,000; 893 East Second St. and 25 and 35 P St., Boston MTG: $6,000,000 from Mansfield Coop Bank NOTES: 893 East Second St. an ind. property, const. 1940; building size is 8,100 sf, lot size is 6,550 sf; 25 P St. a warehouse, const. 1950; building size is 1,200 sf, lot size is 2,175 sf; 35 P St. const. 1950; building size is 5,400 sf, lot size is 2,750 sf; last sold for $325,000 in Dec. 1982

OCT 28TH

MTG: $3,680,000 from Jeanne D’Arc CU ADD: 201 Cedar Hill St., Marlborough BWR: Walker Realty LLC, mgd. by Robert Walker

Photo: Derek Szabo

BUYER: Charter Cross Street LLC, managed by Paul S. Brandes, president SELLER: Sixty Cross Street LLC, managed by Carl J. Martignetti and Carmine A. Martignetti PRICE/ADD: $10,500,000; 198 Hanover St. and 53 Salem St., Boston MTG: $6,500,000 from Santander Bank NOTES: 198 Hanover St. a retail prop.; restaurant; bldg. size is 2,875 sf, lot size is 3,375 sf; 53 Salem St. a mixed-use prop.; multifamily and retail; seller’s family ownership in props. dates to March 1968 MTG: $1,084,000 and $2,170,000 from Stoneham Bank ADD: 9 Lowell Ave., a/k/a 5-9 Lowell Ave., Watertown BWR: AH20 LLC, managed by Fred Starikov and Stephen Whalen

BUYER: Belveron Mazur LLC, managed by Belveron Mazur Partners, San Francisco SELLER: Mazur Apartments Associates Limited Partnership, managed by Virginia Geary, Florida PRICE/ADD: $2,800,000; 227-229 Fayette St., Lowell MTG: $4,080,000 from Red Mortgage Capital LLC NOTES: Multifamily property, constructed 1900: Mazur Park Apartments; building size is 45,800 sf, lot size is 36,275 sf; seller’s ownership in property dates to March 1981

BUYER: Comanche Circle LLC, managed by John W. Davidowicz and Stephen M. Smolak SELLER: Arlington Funding Services Inc., managed by Dr. Alfred L. Arcidi, president PRICE/ADD: $1,380,000; 277 Salem St., Haverhill MTG: $1,380,000 from Arlington Funding Svcs. NOTES: Land parcel; lot size is 3.6 acres; last sold for $325,000 in Nov. 1999

BUYER: Columbus Amory LLC, mgd. by Mai Luo SELLER: Dominion Inc., managed by Edmund I. Shamsi, president and treasurer PRICE/ADD: $1,650,000; 60 Amory St. and 1641-1647 and 1693 Columbus Ave., Boston MTG: $300,000 from Edmund Shamsi and $1,237,500 from Brookline Bank NOTES: Industrial props; 60 Amory St. const. 1929; bdg. size is 5,950 sf, lot size is 4,450 sf; 1641-1647 Columbus Ave. const. 1920; bldg. size is 6,350 sf, lot size is 9,150 sf; 1693 Columbus Ave. const. 1920; bldg. size is 11,150 sf, lot size is 9,325 sf; last sold for $325,000 in Jan. 1996

BUYER: 350 East Fordham Road LLC and Fordham Properties LLC, managed by Eli Benatar, Englewood, NJ SELLER: AA Olympic Plymouth LLC, Reverse Plymouth LLC, SIMY Plymouth LLC, ZS Plymouth Investor LLC and ZS Plymouth Shops LLC,, managed by Avy Azeroual and Zevi Schick PRICE/ADD: $21,200,000; 105 Shops at 5 Way, Plymouth MTG: $10,300,000 from Peoples United Bank NOTES: Retail property, const. 2004; bldg. size is 117,000 sf, lot size is 17.2 acres; portion of prop. acquired by sellers for $29,000,000 in Dec. 2013

OCT 27TH

BUYER: Beaver Brook Properties LLC, mgd. by Douglas F. Dooley and Gerald J. Lussier SELLER: JPMCC 2007-CIBC 19 Mill Street LLC, managed by LNR Massachusetts Partners PRICE/ADD: $5,145,000; 91-101 Mill St., Dracut NOTES: Retail property, constructed 1900; multiple buildings totaling 72,100 sf, lot size is six acres; seller foreclosed on property in Sept. 2012; prior sale of $900,000 in April 2005 BUYER: 757 Main Street LLC, managed by Leigh Ellen Frey and Stefan Thomas Frey SELLER: Poseidon Realty LLC, managed by Dale M.C. Sinesi PRICE/ADD: $1,150,000; 757 Main St., f/k/a 739 Main St., Walpole MTG: $575,000 from Rockland Trust Co. NOTES: Retail property, const. 2000; car wash; building size is 2,200 sf, lot size is 2.3 acres; property last sold for $200,000 in Nov. 1999 MTG: $1,000,000 from Raymond C. Green Inc. ADD: 13 Wrentham Rd., Worcester BWR: Reem Property LLC, managed by Mohammad Abouchleih MTG: $1,000,000 from JPMortgage LLC ADD: 3529 Washington St., Jamaica Plain BWR: Burnett Realty Co., Inc., mgd. by Dorothy Sullivan, pres.; John Sullivan, treas. and sec.

FEEDBACK TO: EDITOR@THEREALREPORTER.COM

THE REAL REPORTER

November 14, 2014

Residential Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014

OCT 24TH BUYER: Seventy Four Beacon LLC, managed by Jacqueline R. McCoy, c/o Paul McCoy Family Office Services LLP SELLER: Peter E. Georgantas PRICE/ADD: $12,500,000; 74 Beacon St., 70 Brimmer St., Boston NOTES: 74 Beacon St. a unit in low-rise condominium; unit size is 8,100 sf, unit last sold for $3,528,000 in Sept. 2005; 70 Brimmer St., Unit-211, a parking space BUYER: Barclay LLC, managed by Peter J. Dupont and Christopher O’Connell SELLER: Hayden C. Hurley, Sheron C. Lowe and Christina C. Moore, trustees of The Craig 131 Main Street Real Estate TR PRICE/ADD: $4,100,000; 131 Main St., Nantucket MTG: $1,700,000 from Newburyport Five Cents Savings Bank NOTES: Single-family Colonial, constructed 1948; house size is 2,300 sf, lot size is 18,450 sf; five bedrooms and three baths; sellers’ family ownership in property dates to April 1950 BUYER: Janet Barbookles and Jean-Marc Muller SELLER: Harlan Lane PRICE/ADD: $2,800,000; 15 Rutland Sq., Boston NOTES: Single-family property, const. 1860; house size is 4,000 sf, lot size is 1,500 sf; four bdrms. and 3.5 baths; last sold for $50,000 in Oct. 1974 BUYER: C. Todd Nichols & Nicole Cashwell Nichols SELLER: 17 Temple Road LLC, managed by Gerard McDonough PRICE/ADD: $2,750,000; 17 Temple Rd., Wellesley MTG: $1,400,000 from Wells Fargo Bank NOTES: Single-family Cape, constructed 1949; house size is 2,650 sf, lot size is 21,375 sf; four bedrooms and 3.5 baths; last sold for $1,050,000 in Aug. 2013; Declaration of Homestead MTG: $2,500,000 from Digital Federal CU ADD: 370 West First St., Boston BWR: Joel B. Bard BUYER: Leslie S. Carey SELLER: Arthur Abraham and George Abraham PRICE/ADD: $1,187,500; 60 Cartwright Rd., Wellesley MTG: $2,390,625 from Norwood Cooperative Bank NOTES: Single-family Ranch, constructed 1900; house size is 2,025 sf, lot size is 1.9 acres; four bedrooms and two baths BUYER: 56 Gosnold Road LLC, managed by Alexandra B. Campbell and Colin J. Campbell SELLER: The Bryn Mawr Trust Co., Personal Representative of the Estate of Andrew Stephan Jr.

A venerable single-family Colonial steps from Harvard Yard has changed hands for the second time in less than three years, and more than double the $2,100,000 99 Irving St. traded for in Jan. 2012 to Luna Properties, an entity managed by John A. Ciccolo. In the latest exchange, Mark R. Bamforth and Morag Bamforth paid $4,350,000 to secure the 5,575-sf residence that features six bedrooms, five baths and two half-baths. The property that sits on a 12,950-sf parcel dates to 1889 but was renovated this year.

PRICE/ADD: $1,892,500; 56 Gosnold Rd., Orleans MTG: $1,419,375 from First Republic Bank NOTES: Single-family Colonial, constructed 1925; house size is 3,100 sf, lot size is 34,850 sf; six bedrooms and 3.5 baths; last sold for $530,000 in Jan. 1998 BUYER: Jason Hurd and Mallika Joy Marshall SELLER: Andrew Neher and Dawn Neher PRICE/ADD: $1,810,000; 331 Wellesley St., Weston MTG: $181,000 and $1,267,000 from First Republic Bank NOTES: Single-family Colonial, const. 1984; house size is 4,350 sf, lot size is 1.6 acres; four bedrooms and four baths; last sold for $921,250 in June 1997; Declaration of Homestead BUYER: Jeffrey S. Blecher and Jennifer Blecher SELLER: Peter K. Behnke PRICE/ADD: $1,700,000; 8 Pierce Ln., Edgartown MTG: $1,000,000 from Bank of America NOTES: Single-family property, constructed 1958; house size is 1,650 sf, lot size is 3,925 sf; two bedrooms and two baths; last sold for $980,000 in Oct. 2007 BUYER: John P. Doddy and Una M. Doddy SELLER: Craig Elkind and Christine Lai PRICE/ADD: $1,600,000; 18 South Pond Rd., West Tisbury MTG: $1,120,000 from Stifel Bank & Trust

NOTES: Single-family property, const. 1999; house size is 4,250 sf, lot size is 1.4 acres; five bdrms. and 4.5 baths; last sold for $1,640,000 in Sep. 2006 BUYER: Jayant Kale SELLER: George J. McCarron PRICE/ADD: $1,450,000; 280 Beacon St., U-41, Boston MTG: $1,160,000 from Guaranteed Rate NOTES: Unit in mid-rise condominium; unit size is 1,525 sf; three bedrooms and three baths; unit last sold for $392,500 in Jan. 1990 BUYER: Arthur A. Simen and Birgitte Simen SELLER: Athar Chishti and Yasmin Chishti PRICE/ADD: $1,412,000; 23 Hartford St., Dover MTG: $1,129,600 from Wells Fargo Bank NOTES: Single-family Colonial, const. 2009; house size is 4,700 sf, lot size is 2.9 acres; four bedrooms and 3.5 baths; last sold for $1,315,000 in Aug. 2010; Declaration of Homestead BUYER: Jonathan K. Dandrea and Farhana Jan SELLER: Sujean Seo PRICE/ADD: $1,300,000; 22 Bellingham Rd., Brookline MTG: $1,040,000 from Citibank NOTES: Single-family Tudor, constructed 1932; house size is 2,600 sf, lot size is 6,300 sf; four bedrooms and three baths; last sold for $1,145,000 in Oct. 2009; Declaration of Homestead continued on page 19

THE REAL REPORTER

November 14, 2014

Residential Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014 continued from page 18 BUYER: Jeffrey A. Gelfand SELLER: Beth D. Levi, Personal Representative of The Estate of Aida R. Levi PRICE/ADD: $1,290,000; 130 Mt. Auburn St., U-208, Cambridge MTG: $200,000 and $450,000 from First Republic Bank NOTES: Unit in mid-rise condominium; unit size is 1,425 sf; two bedrooms and two baths; unit last sold for $975,000 in Feb. 2003 BUYER: Dean Maines and Melinda Maines SELLER: George A. Haseltine PRICE/ADD: $1,250,000; 12 Oak St., Newburyport MTG: $937,500 from First Republic Bank NOTES: Single-family property, const. 2014; house size is 3,800 sf, lot size is 11,325 sf; four bedrooms and five baths; last sold for $365,000 in April 2013; Declaration of Homestead After more than three decades of ownership, Stuart L. Porter has harvested 26 Pequot St. in Nantucket

BUYER: Catherine Gonzales & Efren Flores-Serrano for $1,000,000, with Kara H. Buzanoski acquiring the single-family residence backed by $650,000 from SELLER: Adriana Zighelboim & Jorge Zighelboim Cape Cod Five Cents Savings Bank. The 30-year-old property features five bedrooms and three baths in PRICE/ADD: $1,250,000; 2652 its 2,850-sf frame. It is located on a 40,075-sf parcel Porter acquired for $28,000 in June 1982. Massachusetts Ave., Lexington MTG: $1,000,000 from EverBank NOTES: Pair of single-family properties, first MTG: $1,028,000 from Mortgage Equity NOTES: Single-family Colonial, const. 2012; house constructed 1948; house size is 3,175 Partners LLC house size is 4,025 sf, lot size is 25,825 sf; five ADD: 120 Seaver St., U-C-302, Brookline sf, lot size is 3.2 acres; second house conbedrooms and 3.5 baths; last sold for $1,290,000 BWR: Nina Tolkoff Rubin and Robert H. Rubin structed 1940; house size is 875 sf; two bedin Aug. 2012; Declaration of Homestead rooms and one bath; seller’s family ownership BUYER: Kara H. Buzanoski in property dates to March 1949 BUYER: Dmitry Albert and Victoria Albert SELLER: Stuart L. Porter SELLER: Ronna Aronson and Philip L. Cohen PRICE/ADD: $1,000,000; 26 Pequot St., BUYER: Jacqueline Bernat PRICE/ADD: $1,190,000; 155 Cotton St., Newton Nantucket SELLER: Paola Maciocia and Antonio Visconti MTG: $833,000 from US Bank MTG: $650,000 from Cape Cod Five Cents PRICE/ADD: $1,870,000; 31 Sheffield Rd., Newton NOTES: Single-family Tudor, constructed 1930; Savings Bank MTG: $100,000 and $1,000,000 from First house size is 2,500 sf, lot size is 9,150 sf; four NOTES: Single-family Cape, constructed 1984; Republic Bank bedrooms and three baths; sellers’ family own- house size is 2,850 sf, lot size is 40,075 sf; five NOTES: Single-family Tudor, constructed 1930; ership in property dates to Sept. 1963; bedrooms and three baths; property last sold house size is 3,500 sf, lot size is 21,950 sf; four Declaration of Homestead for $28,000 in June 1982 bedrooms and 3.5 baths; last sold for $1,280,000 in Aug. 2012; Declaration of Homestead BUYER: Marc Theermann & Phyllis Theermann SELLER: Marion Lathrop and William Lathrop PRICE/ADD: $1,100,000; 14 Winthrop Rd., Wellesley MTG: $770,000 from Mortgage Network NOTES: Single-family Colonial, constructed 1929; house size is 2,475 sf, lot size is 14,375 sf; four bedrooms and 2.5 baths; last sold for $175,000 in Nov. 1981 BUYER: Adrienne Principe and Steven Principe SELLER: Marea F. Adams PRICE/ADD: $1,050,000; 49 Cross St., Chatham MTG: $892,500 from Morgan Stanley Private Bank NOTES: Single-family Cape, constructed 1942; house size is 1,450 sf, lot size is 7,875 sf; three bedrooms and 1.5 baths; last sold for $905,000 in March 2013

O C T. 2 3 R D

BUYER: Mark Bamforth and Morag Bamforth SELLER: Luna Properties LLC, managed by John A. Ciccolo PRICE/ADD: $4,350,000; 99 Irving St. Cambridge NOTES: Single-family Colonial, constructed 1889, renovated 2014; house size is 5,575 sf, lot size is 12,950 sf; six bedrooms, five baths and two half-baths; last sold for $2,100,000 in Jan. 2012; Declaration of Homestead BUYER: Sandhurst MV LLC, managed by William Davenport, Brett Rousch and Bruce Wiltsle SELLER: Mason T. Peltz, trustee of Lamberts Cove Realty TR PRICE/ADD: $3,100,000; 279, 281, 283 and 285A Lambert’s Cove Rd., West Tisbury

BUYER: RBA Flyers LLC, mgd. by Terrence Meck SELLER: Daniel P. Petrucci PRICE/ADD: $1,600,000; 52 Point St., Provincetown NOTES: Single-family property, constructed 1999; house size is 3,200 sf, lot size is 16,725 sf; three bedrooms and 2.5 baths; property last sold for $160,000 in Aug. 1999 BUYER: Eric Hoffman and Kathryn Hoffman SELLER: Lesanto Development Corp., mgd. by Gary P. Lesanto, president and treasurer PRICE/ADD: $1,550,000; 19 Boulevard Rd., Wellesley NOTES: Single-family property, constructed 2014; house size is 4,800 sf, lot size is 12,150 sf; four bedrooms and five baths; last sold for $488,375 in Oct. 2013; Declaration of Homestead continued on page 20

THE REAL REPORTER

November 14, 2014

Residential Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014 continued from page 19 BUYER: Heema Kaul and John J. Lee SELLER: Domenico Gallinelli PRICE/ADD: $1,500,000; 163 Burlington St., Lexington MTG: $900,000 from Bank of America NOTES: Single-family Ranch, const. 2014; house size is 4,300 sf, lot size is 15,925 sf; five bedrooms and four baths; property last sold for $395,000 in Jan 2010; Declaration of Homestead MTG: $1,500,000 from The Cape Cod Five Cents Savings Bank ADD: 10 Case Rd., Edgartown BWR: Stephen Church BUYER: Great Harbor Yacht Club Inc., managed by Martin Wayne, president; Robin Wiessmann, treasurer SELLER: Jessie M. Brescher f/k/a Jessie M. Glidden PRICE/ADD: $1,425,000; 70 Union St., Nantucket NOTES: Single-family Colonial, constructed 1979; house size is 3,100 sf, lot size is 6,525 sf; three bedrooms and 2.5 baths; last sold for $175,000 in Sep. 1989 BUYER: Brad MacCulloch SELLER: Andrew B. Allen and Danielle W. Allen PRICE/ADD: $1,395,000; 30 Rutland Sq., U-2, Boston NOTES: Unit in low-rise condominium; unit size is 1,250 sf; two bedrooms and 2.5 baths; unit last sold for $962,500 in Nov. 2004 BUYER: Darren N. Porras and Catherine Went SELLER: Elite Home Builders LLC, managed by Steven F. Venincasa PRICE/ADD: $1,392,000; 82 Grosvenor Rd., Needham MTG: $753,000 from Citibank NOTES: Single-family property, const. 2014; house size is 4,350 sf, lot size is 10,025 sf; five bedrooms and 4.5 baths; last sold for $511,600 in Aug. 2013; Declaration of Homestead BUYER: Kenneth E. Lowry Jr. and John J. Lynah SELLER: Brian Lenihan and Courtney Martin PRICE/ADD: $1,380,000; 28 Nickerson St., Provincetown MTG: $200,000 from Seamen’s Bank NOTES: Single-family Contemporary, constructed 2013; house size is 1,700 sf, lot size is 3,825 sf; two bedrooms and three baths; last sold for $475,000 in Oct. 2012 BUYER: Kate E. Blair and Timothy D. Latham SELLER: Kelly Tomasello & Stephen Tomasello PRICE/ADD: $1,300,000; 44 Chestnut St., U1, Charlestown MTG: $687,000 from Mortgage Network

Jumbo mortgage financing of $833,000 from US Bank has been used by Dmitry Albert and Victoria Albert to buy 155 Cotton St. in Newton from Ronna Aronson and Philip L. Cohen for $1,190,000. The 2,500-sf, four-bedroom Tudor was constructed in 1930 on a 9,150-sf parcel. The sellers’ family ownership in 155 Cotton St. dates to Sept. 1963.

NOTES: Unit in low-rise condominium; unit size is 2,150 sf; two bedrooms and 2.5 baths; unit last sold for $872,775 in Aug. 2006: Declaration of Homestead BUYER: MSW Chestnut Street LLC, managed by Samuel L. Wolff SELLER: Community Resources for Justice Inc., managed by John J. Larivee, president; Thomas J. DeSimone, treasurer PRICE/ADD: $1,220,000; 64-66 Chestnut St., Cambridge MTG: $2,000,000 from Cambridge SB NOTES: Single-family property, constructed 1900; house size is 4,700 sf, lot size is 6,275 sf; three bedrooms and two baths; last sold for $85,000 in March 1983; Declaration of Homestead BUYER: 15 Cedar Street LLC, managed by Yvette A. Beeman SELLER: Eve Miriam Truchinetz and Ruth Ann Matilda Turchinetz PRICE/ADD: $655,000; 15 Cedar St., Lexington MTG: $1,216,250 from Dedham Institution for Savings NOTES: Single-family Cape, constructed 1920; house size is 1,525 sf, lot size is 15,025 sf; three bedrooms and 1.5 baths; sellers family ownership dates to Jan. 1960

BUYER: FHLP LLC, managed by Jonathan B. Penn and Linda A. Penn, Chestnut Hill SELLER: David A. Weber and Glenna E. Major, a/k/a Glenna H. Major PRICE/ADD: $1,212,500; 22 Cliff Rd., Nantucket NOTES: Single-family property, constructed 1790; house size is 1,600 sf, lot size is 3,050 sf; three bedrooms and two baths; last sold for $1,150,000 in Sep. 2009 MTG: $1,186,000 from William Raveis Mortgage ADD: 94 Highland St., Newton BWR: Melissa Davis Hartranft & William Hartranft BUYER: Jeffrey S. Heier and Polly M. Heier SELLER: Colleen M. Baumbach and Stephen R. Baumbach PRICE/ADD: $1,165,000; 104 Appleton St., U-1, Boston MTG: $900,000 from Middlesex Savings Bank NOTES: Unit in low-rise condominium; unit size is 1,200 sf; two bedrooms and two baths; unit last sold for $328,000 in Nov. 1998 BUYER: Elizabeth Hayes Wilson SELLER: Edward E. Watts III, Executor of the Will of Merle Whitcomb and W. Arthur Whitcomb PRICE/ADD: $1,121,666; 7 Whitcomb Rd., Dedham continued on page 21

THE REAL REPORTER

November 14, 2014

Residential Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014 continued from page 20 NOTES: Pair of single-family properties; first house constructed 1752; house size is 8,900, lot size 3.8 acres; nine bedrooms, five baths and two half-baths; second property constructed 1827; house size is 1,025 sf; two bedrooms and 1.5 baths; sellers family ownership dates to Jan. 1958 BUYER: Jessica L. Pohl SELLER: Margaret D. Blodgett, f/k/a Margaret T. Darnton and Matthew C. Blodgett PRICE/ADD: $1,010,000; 651 Boston Post Rd., Weston MTG: $113,000 from Avidia Bank NOTES: Single-family Colonial, const. 1824; house size is 3,150 sf, lot size is 23,075 sf; three bdrms. and two baths; last sold for $950,000 in May 2009; Declaration of Homestead

OCT 22ND BUYER: Patrick J. MeLampy SELLER: Charles F. Doe and Deborah J. Doe PRICE/ADD: $13,200,000; 52 Ship’s Eagle Ln., Osterville NOTES: Pair of single-family properties, first house constructed 1880; house size is 9,625 sf, lot size is 3.5 acres; seven bedrooms and 10 baths; second house a Contemporary, constructed 2004; house size is 3,500 sf; one bedroom and one bath; property last sold for $6,000,000 in May 2002 BUYER: Doris Toby Axelrod & Lawrence Marks SELLER: Howard N. Levin PRICE/ADD: $2,600,000; 1140 Beacon St., U-101, Brookline NOTES: Unit in low-rise condominium; unit size is 2,875 sf; two bedrooms and 2.5 baths; unit last sold for $2,075,000 in Oct. 2004; Declaration of Homestead MTG: $2,000,000 from Boston Private B&T Co. ADD: 634 Charles River St., Needham BWR: Richard J. Gaffey BUYER: Sarah F. Alger SELLER: John H. Brazillian PRICE/ADD: $1,725,000; 10 Upper Tawpawshaw Rd., Nantucket NOTES: Pair of single-family properties; first building a Colonial, constructed 1999; house size is 3,475 sf, lot size is 20,050 sf; four bedrooms and 3.5 baths; second building constructed 2000; house size is 1,100 sf; one bedroom and one bath; property last sold for $280,000 in March 1999 BUYER: Ghita Akkar and Morad Elhafed SELLER: Annalise W. Roy f/k/a Ann A. Waterman and Kanishka B. Roy, a/k/a Kanishka Bhattacharya

First Republic Bank financing totaling $1,448,000 has enabled Jason Hurd and Mallika Joy Marshall to acquire 331 Wellesley St. in Weston for $1,810,000 from Andrew M. Neher and Dawn K. Neher. The 4,350-sf, four-bedroom Colonial was constructed in 1984 on a 1.6-acre parcel. The four-bedroom, fourbath property last sold for $921,250 in June 1997.

PRICE/ADD: $1,710,000; 17 Lawrence St., Boston MTG: $1,282,500 from Wellesley Bank NOTES: Single-family property, constructed 1865; house size is 2,525 sf, lot size is 800 sf; four bedrooms, two baths and two half-baths; last sold for $1,020,000 in March 2007 MTG: $1,590,000 from Boston Private B&T Co. ADD: 242 Shawmut Ave., U-3, Boston BWR: Brett A. Moss and Mimi Moss BUYER: Paula S. Goldfarb SELLER: Peter P. Favat PRICE/ADD: $1,475,000; 535 North Ave., Weston MTG: $1,175,000 from William H. Goldfarb NOTES: Single-family property, const. 2008; house size is 3,825 sf, lot size is 40,075 sf; four bedrooms and five baths; last sold for $445,000 in July 2000; Declaration of Homestead BUYER: 11-13 Kinnaird Street Realty LLC, managed by Ara G. Barsoumian SELLER: Richard Wong, trustee of the Kinnaird Street Real Estate TR PRICE/ADD: $1,175,000; 11-13 Kinnaird St., Cambridge MTG: $881,250 from Reading Cooperative Bank NOTES: Two-family property, constructed 1854; building size is 2,650 sf, lot size is 4,925 sf; seller’s family ownership dates to Aug. 1954 BUYER: Fallon Development Inc., managed by Peter A. Fallon, president and treasurer SELLER: Douglas Palmer and Melanie Palmer PRICE/ADD: $1,100,000; 21 Stanford Rd., Wellesley MTG: $2,500,000 from The Village Bank NOTES: Single-family Colonial, constructed 1960; house size is 2,300 sf, lot size is 20,075; five bedrooms and 3.5 baths; sellers’ family acquired property for $75,500 in Aug. 1973

BUYER: Theodore Trevens and Courtney Urick SELLER: Baiany Real Estate Group LLC, managed by Houman Baiany PRICE/ADD: $1,070,000; 11 Teel St., Arlington MTG: $50,000 and $800,000 from Leader Bank NOTES: Two-family property, constructed 1900; building size is 2,100 sf, lot size is 4,825 sf; building last sold for $562,500 in May 2014; Declaration of Homestead

OCT 21ST MTG: $3,700,000 from MountainOne Bank ADD: 45 Garrison Rd., Hingham BWR: Tammy Devine BUYER: BPRC LLC, managed by Fred D. Kern SELLER: Cumberland Farms Inc. PRICE/ADD: $575,000; 1029 Pleasant St., Bridgewater MTG: $2,313,000 from Bridgewater SB NOTES: Single-family property, constructed 1800; building size is 1,850 sf, lot size is 19,650 sf; two bedrooms and one bath; last sold for $395,000 in Dec. 2006 BUYER: Peter Saldarriaga & Alexandra Yurkovic SELLER: Brian Kwon and Kristina L. Kwon PRICE/ADD: $1,575,000; 40 University Rd., U-2, Brookline MTG: $1,260,000 from First Republic Bank NOTES: Declaration of Homestead BUYER: 39 Fuller Street LLC, managed by Yuriy Matskevich SELLER: Jonathan K. Moy and Stephanie Moy Newberry PRICE/ADD: $1,500,000; 39 Fuller St., Brookline MTG: $1,500,000 from Rockland Trust Co. continued on page 22

THE REAL REPORTER

November 14, 2014

Residential Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014 continued from page 21 NOTES: Three-family property, constructed 1900; building size is 4,400 sf, lot size is 7,225 sf; sellers’ family ownership in property dates to July 1961 MTG: $1,417,000 from The Bank of Canton ADD: 23 Parker Ave., Scituate BWR: Colleen M. Geary a/k/a Colleen Geary and Michael W. Geary a/k/a Michael Geary BUYER: David F. Harris and Jane M. Harris Children’s Trust SELLER: John M. Harris and Kathryn L. Harris PRICE/ADD: $1,300,000; 11 Crooked Ln., Manchester-by-the-Sea NOTES: Single-family Contemporary, const. 1982; house size is 4,725 sf, lot size is 41,175 sf; three bdrms and three baths; last sold for $615,000 in Sep. 1986 BUYER: James S. Madej SELLER: Cory J. Schneider PRICE/ADD: $1,300,000; 220 West Springfield St. U-4, Boston MTG: $1,040,000 from Leader Bank NOTES: Unit in low-rise condo; unit size is 1,500 sf; two bdrms. and 1.5 baths; unit last sold for $940,000 in July 2012; Declaration of Homestead BUYER: Jessica Dolce and John Dolce SELLER: Giorgio Petruzziello & Patrizia Petruzziello PRICE/ADD: $1,250,000; 145 Schoolmaster Ln., Dedham MTG: $250,000 from Citibank NOTES: Single-family Colonial, const. 2013; house size is 4,550 sf, lot size is 2.7 acres; four bedrooms and 4.5 baths; property last sold for $950,000 in Oct. 2013; Declaration of Homestead BUYER: Laurel Galasso SELLER: Robert C. Hager PRICE/ADD: $1,175,000; 6 and 8 Pebble Path, Gloucester NOTES: 6 Pebble Path a land parcel; lot size is 875 sf; seller’s family ownership dates to Sept. 1979; 8 Pebble Path a single-family Contemporary, constructed 1954; house size is 1,400 sf, lot size is 13,950 sf; three bedrooms and two baths; seller’s family ownership dates to Feb. 1976 MTG: $1,172,500 from Mortgage Master ADD: 177 Coolidge St., Brookline BWR: Judy A. Depaolis-Feingold and Lisa Depaolis-Feingold BUYER: Adam Stevens SELLER: 302 Main Street LLC, managed by David Greaney PRICE/ADD: $1,120,000; 302 N. Main St., Cohasset MTG: $760,000 from Cambridge Mortgage Group

Jeffrey S. Blecher and Jennifer Blecher are the new owners of 8 Pierce Ln. in Edgartown, a 1,650-sf home purchased for $1,700,000 from Peter K. Behnke. The seller had paid $980,000 seven years ago last month for 8 Pierce Ln., a two-bedroom, two-bath residence that Behnke bought for $980,000 in Oct. 2007. Dating to 1958, the property was financed by the Blechers with a $1,000,000 Bank of America mortgage.

NOTES: Single-family Colonial, constructed 1910; house size is 1,900 sf, lot size is 5.3 acres; last sold for $554,000 in Jan. 2013; Declaration of Homestead MTG: $1,098,000 from Wells Fargo Bank ADD: 721 Pleasant St., Belmont BWR: Frank F. Castagno and Lisa Castagno BUYER: Brenton Keefer and Charlotte Keefer SELLER: Matthew Bray and Marianne Bray PRICE/ADD: $1,035,000; 57 Arrowwood Dr., Scituate MTG: $700,000 from NE Moves Mortgage NOTES: Single-family Colonial, const. 2006; house size is 4,100 sf, lot size is 1.8 acres; five bedrooms and 3.5 baths; last sold for $1,035,000 in Sep. 2010; Declaration of Homestead MTG: $1,010,000 from Century B&T Co. ADD: 44 Robin Rd., Weston BWR: Thomas H. Larsen BUYER: Dorothy Scully SELLER: Amy Fleischer and Kurt T. Mullen PRICE/ADD: $1,000,000; 23 Federal St., Newburyport MTG: $583,000 from Enterprise Bank & Trust NOTES: Unit in low-rise condominium; unit size is 2,400 sf; four bedrooms, three baths and two half-baths; last sold for $1,108,000 in Dec. 2003

OCT 20TH MTG: $2,177,500 from Mortgage Master ADD: 1311 Commonwealth Ave., Newton BWR: Beverly Koplan and Laurence Koplan MTG: $2,100,000 from Goldman Sachs Bank ADD: 31 Sankaty Rd., Nantucket BWR: Timothy Kelly BUYER: Paul Evans SELLER: William F. Archibald, Alice M. Vogler and Susan G. Zimmerman PRICE/ADD: $2,025,000; 259 King Caesar Rd., Duxbury NOTES: Single-family Colonial, constructed 1900; house size is 4,025 sf, lot size is 32,225 sf; four bedrooms and 2.5 baths; sellers family ownership dates to Nov. 1953 BUYER: Henry Livingston III & Susan Livingston SELLER: Mary Kristen Bearse & Robert Bearse PRICE/ADD: $1,550,000; 74 Rendezvous Ln., Barnstable NOTES: Single-family Cape Cod, constructed 1955; house size is 2,175 sf, lot size is 2.4 acres; three bedrooms and three baths; last sold for $800,000 in Dec. 1986 BUYER: Victor P. Haley SELLER: Christopher D. Emery PRICE/ADD: $1,456,000; 94 Orange St., Nantucket continued on page 23

THE REAL REPORTER

November 14, 2014

Residential Deals MILLION DOLLAR MORTGAGES/SALES OCTOBER 20 - OCTOBER 24, 2014 continued from page 22 MTG: $1,164,000 from Cape Cod Five Cents Savings Bank NOTES: Pair of single-family properties; first house constructed 1815; house size is 2,075 sf, lot size is 4,775 sf; four bedrooms and six baths; second house a Cottage, constructed 2001; house size is 250 sf; one bedroom and one bath; last sold for $995,000 in Jan. 2001 BUYER: Alexandra Laird & Schuyler Alexander Laird SELLER: Christopher L. Carter PRICE/ADD: $1,430,000; 219 Shawmut Ave., U-219-3, Boston MTG: $730,000 from JPMorgan Chase Bank NOTES: Unit in low-rise condominium; unit size is 1,62 sf; three bedrooms and two baths; unit last sold for $940,000 in June 2010; Declaration of Homestead BUYER: Nicole S. Ward and Rayon K. Ward SELLER: Mohammed M. Khusro PRICE/ADD: $1,375,000; 296 Merrian St., Weston MTG: $893,750 from Mortgage Master NOTES: Single-family property, const. 2013; house size is 5,125 sf, lot size is 1.4 acres; five bedrooms and five baths; last sold for $1,100,000 in April 2006; Declaration of Homestead MTG: $1,250,000 from East Boston SB ADD: 17 Foster St., Marblehead BWR: Christina Spanos and Gregory Spanos BUYER: Adil Haider and Saima Haider SELLER: Elena Florintsev & Eugene Florintsev PRICE/ADD: $1,234,000; 41 Winter St., Weston MTG: $810,000 from Mortgage Master NOTES: Single-family Contemporary, const. 1981; house size is 4,200 sf, lot size is 1.9 acres; five bedrooms and six baths; last sold for $875,000 in Nov. 2003; Declaration of Homestead BUYER: Ruth Goldman SELLER: Janine Altman and Jerome L. Altman PRICE/ADD: $1,175,000; 12 Irvington St., Newton NOTES: Single-family Victorian, constructed 1900; house size is 2,600 sf, lot size is 12,350 sf; four bedrooms and 3.5 baths; sellers’ family ownership dates to Dec. 1976 MTG: $1,117,500 from Cambridge SB ADD: 25-27 Wait St., Boston BWR: Benjamin Tuck, trustee of 25-27 Realty TR MTG: $500,000 and $1,100,000 from First Republic Bank ADD: 22 North Stone Rd., Swampscott BWR: Raymond Bastarache BUYER: Elise DeGemmis & Thomas DeGemmis SELLER: Lynora Caulfield and Scott Caulfield

An historically significant Weston Colonial has fetched $1,010,000 in its purchase by Jessica L. Pohl from Margaret D. Blodgett and Matthew C. Blodgett. The Abraham Hewes Jr. House, circa 1824, encompasses 3,150 sf with three bedrooms and two baths, and is located on a 23,075-sf parcel at 651 Boston Post Rd. close to the Weston town center. Avidia Bank loaned Pohl $113,000 to acquire the residence that previously sold for $950,000 in May 2009.

PRICE/ADD: $1,075,000; 10 Shoal Water Rd., Scituate MTG: $860,000 from NE Moves Mortgage NOTES: Single-family Colonial, const. 2012; house size is 3,200 sf, lot size is 17,425 sf; three bedrooms and four baths; last sold for $320,000 in Oct. 2011; Declaration of Homestead BUYER: Gregory C. Carlevale, trustee of Arris Realty TR SELLER: Nancy W. Cutler and Arthur B. Page PRICE/ADD: $1,025,000; 255 West St., Dedham MTG: $1,500,000 from Gregory C. Carlevale, trustee of JVG TR

75-87 Harvard Ave. continued from page 6

New York money reflects a desire to acquire at a deep discount to Gotham CRE plus a familiarity of Brookline’s rich demographics and the prized geography, opines Tito, pointing to Harvard Street’s proximity to Boston and being in the emerging corridor between Brookline Village and Coolidge Corner. “A lot of them have gone to school here or their kids have, and they realize what that location means and how it is only going to improve,” says Tito, a transformation evidenced right next door to 75-87 Harvard St. by a recently constructed Walgreens. “There are so many

NOTES: Single-family Cape, constructed 1946; house size is 3,850 sf, lot size is 5.7 acres; five bedrooms and 4.5 baths; property last sold for $115,000 in July 1973 BUYER: Pearstown Development LLC, managed by Patrick Murtagh SELLER: Carolyn L. Sproul, Eleanor L. Young and William C. Young PRICE/ADD: $1,010,000; 97 Farragut Rd., Boston MTG: $808,000 from Needham Bank NOTES: Two-family property, const. 1927; building size is 3,000 sf, lot size is 3,175 sf; sellers’ family ownership in property dates to Jan. 1949 positives, they know you aren’t going to get hurt,” says Tito. There is anticipated upside from belowmarket rents and continuing improvements begun by the current owner, outlines Tito, those including a new heating system, roof and windows, while the interiors feature high-grade materials such as red oak flooring in the common areas. “It’s a nice building,” says Tito, who declined to identify the client beyond explaining the owner’s west coast location was one reason for harvesting the asset, along with the prescient timing. Registry of Deeds records list Claddagh Ventures LLC as the owner, with the family control of 75-87 n Harvard St. dating to March 1966.

THE REAL REPORTER

November 14, 2014

Massachusetts Corporations Organized November 3 - November 7, 2014 Corporation

Directors/Registered Agents

Address

Nature of Business

Cleveland Circle Development Associates LLC

Thomas M. Alperin, Brian Kavoogian, Stephen A. Kinsella, John J. O'Neill III and Theodore R. Tye, signatories

2310 Washington St., Newton Lower Falls MA 02462

Dealing with interests in real estate

Point-LC1 LLC

Samuel E. Park, signatory

One Center Plaza, Ste. 910, Boston MA 02108

Develop, finance, invest in, lease and sell RE

Hierville Invest Ltd.

Geoffrey de Carbonnel, signatory

Principal office at 1659 Chevalets, route de la Croisette 26, Rougemont Switzerland

Invest in & lease property in the Boston area

Boston Patriot Commonwealth Ave LLC

Michael Trotsky, executive director & chief investment officer 84 State St., Ste. 250, Boston MA 02109

Real estate activities

Boston Patriot Congress Street LLC

Michael Trotsky, executive director & chief investment officer 84 State St., Ste. 250, Boston MA 02109

Real estate activities

1322 Commonwealth Ave LLC

Bruce Percelay, chairman; Joseph Bisognano, signatory

C/o The Mount Vernon Co. at 29 Commonwealth Ave., 6th floor, Boston MA RE development and property management

44 Concord Square LLC

Bruce Percelay, chairman; Joseph Bisognano, signatory

C/o The Mount Vernon Co. at 29 Commonwealth Ave., 6th floor, Boston MA RE development and property management

Jumbo Capital Cambridge Partners LLC

Howard Hirsh and Jay Hirsh, signatories

24 Shipyard Dr., Ste. 201, Hingham MA 02043

Commercial real estate ownership

Jumbo Self Storage

Howard Hirsh and Jay Hirsh, signatories

27 Shipyard Dr., Ste. 201, Hingham MA 02043

Commercial real estate ownership

11-17 Newbury Street LLC

Michael J. Boyce, manager

11-17 Newbury St., Quincy MA 02169

Develop, operate and own real estate

31-43 Nagog Park LLC

Steven E. Goodman and John M. Matteson, managers; Peter W. Shrair, resident agent

Principal office at 133 Pearl St., Boston MA 02110; Peter W. Shrair c/o Cooley, Shrair PC at 1380 Main St., Springfield MA 01103

Buy, develop, lease, manage and sell RE

Amesbury Hospitality LLC

Alpesh Patel, Dhurmesh Patel, Dipakaben Patel, Mahendrakumar Patel, Shailesh Patel, et al, signatories; William Chaff, resident agent

Principal office at 11 Rocks Rd., Seabrook NH 03874; MA office at 41 Bridle Ridge Dr., North Grafton MA 01536; William Chaff at 130 Parker St., Ste. 20, Lawrence MA 01843

Operate and own a hotel

Wingate Capital Investments LLC

Michael Cope, David Gottler and Mark Schuster, managers

100 Wells Ave., Newton MA 02459

Interests in real estate

Bradvern LLC

Jeffrey M. Brown and Howard S. Reef, signatories

1115 Westford St., Lowell MA 01851

Lease, operate, own and sell real property

SSI PR II Owner LLC

John Sarokhan and Amy Ziegler, signatories

C/o Prudential Real Estate Investors at 7 Giralda Farms, Madison NJ

Develop and invest in real estate

MMS Mortgage Services Ltd.

Timothy Crowley, pres.; Henry Mistele, treas. and sec.

15250 Windmill Pointe, Grosse Pointe Park MI 48230

Mortgage lending and servicing

BSM Murdock LLC

Jeffrey Boyd and William Sullivan, managers; Joseph Toomey Esq., resident agent

Principal office at 1 Atlantic St., Stamford CT 06901; Joseph Toomey Esq. Acquire, improve, lease and operate RE at 365 Market St., Brighton MA 02135

Watertown Hotel Partners LLC

William McQuillan, manager; Steven Eimert, resident agent

Principal office c/o Boylston Properties at 800 Boylston St., Ste. 1390, Boston MA 02199; Steven D. Eimert c/o Sherin and Lodgen LLP at 101 Federal St., Boston MA 02110

Acquire, develop, finance, maintain and sell RE

WDC Concord Manager LLC

Robert E. Shapiro and Mark Stebbins, managers

175 Highland Ave., Needham MA 02494

RE development & management, incl. hotels

OSJ of Wareham LLC

John Conforti, Alan Perlman and Marc Perlman, managers; Michael A. Gamboli Esq., resident agent

Principal office at 375 Commerce Park Rd., North Kingstown RI 02852; Michael A. Gamboli Esq. at 175 Union St., Ste. 500, New Bedford MA

Acquire, lease, operate and own real property

Equity Resource Fund 2015 REIT LLC

Eggert Dagbjartsson and Victor J. Paci, managers

C/o Equity Resource Investments at 1280 Massachusetts Ave., 4th floor, Cambridge MA 02138

Invest in real estate

1 Carver Square Boulevard LLC

Douglas Drew, Robert Drew and Stephen Drew, managers

Vivint Solar Fund XV Project Company LLC Greg Buterfield, CEO

301A Driftway, PO Box 376, Scituate MA 02066

Acquire, develop, lease, manage and sell RE

3301 N. Thanksgiving Way, Ste. 500, Lehi UT 84043

Solar energy systems

Pyramid Baton Rouge Investment LLC

James Dina, Warren Fields and Richard Kelleher, managers

One Post Office Square, Ste. 3100, Boston MA 02110

Deal in real property

Frank W. Tessitore LLC

Frank W. Tessitore, manager

76 Bedford St., Ste. 38, Lexington MA 02420

Consulting services, incl. real property interests

33-35 Bowdoin Street LLC

Michael Olson and Jan Steenbrugge, managers

28 Temple St., #1, Boston MA 02114

Real estate investment

Winn Solar 3 LLC

Gilbert J. Winn, manager

C/o Winn Development at 6 Faneuil Hall Marketplace, Boston MA 02109

Solar energy projects

Island Hospitality Management V Inc.

Barbara Bachman, treasurer; Roger Pollak, secretary; Jeffrey Waldt, director

50 Cocoanut Row, Ste. 200, Palm Beach FL 33480

Hotel management

3235 Washington Street LLC

Jonathan F. Block, manager

30 Newbury St., 3rd floor, Boston MA 02116

Deal in real property

148 Summer Street LLC

Machelle Cherry, Hugh Pollard and Pierre Priestley, sigs.

10 South LaSalle St., Ste. 3100, Chicago IL 60603; and 60 E. Rio Salado Pkwy., Ste. 1103, Tempe AZ 85281

Hold title to real estate

Val 9 DGP LLC

Patrick Clancy, signatory; Daniel M. Rosen, signatory

C/o The Clancy Co. at 6 Prower Landing, Plymouth MA 02360

Create, finance and operate affordable and mixed-income housing

117 Kendrick DE LLC

Eric D. Schlager and Robert A. Schlager, signatories

250 First Ave., Needham MA 02494

Buy, manage, mortgage and sell real estate

Berkshire Group LLC; in MA d/b/a Berkshire (Real Estate) Group

Mary Beth Bloom, David Doherty, Emily Durham, Shereen Jones, Charles Leitner; Chris Nichols, David Olney, et al, signatories

C/o the Berkshire Group at 1 Beacon St., Ste. 1500, Boston MA 02108

Develop and invest in real estate

51-57 Beals Street LLC

Lyndia Downie, signatory

C/o Pine Street Inn at 444 Harrison Ave., Boston MA 02118

Deal with certain real property on Beals Street, Brookline MA

Dearborn Realty LLC

Byron H. Locke and Donna L. Locke, managers; Paul Bernstein, resident agent

Principal office at 34 Upham St., Salem MA 01970; Paul Bernstein c/o Bernstein Law Group PC 900 Cummings Ctr., Beverly MA 01915

Real estate management

Columbus and Over Group LLC

Jeffrey Hamilton, manager; Erik Lien, resident agent

Principal office at 75 Clarendon St., Ste. 305, Boston MA 02116; Erik Lien at 14 Temple St., #4, Boston MA 02114

Real estate services

500 Boylston Restaurant LLC

John Conley and Mark W. Smith, managers

Principal office at 2 N. Riverside Plaza, Ste. 2100, Chicago IL 60606; MA at 125 Summer St., Boston MA 02110

Acquire, lease and manage interests in RE

continued on page 25

THE REAL REPORTER

November 14, 2014

Massachusetts Corporations Organized November 3 - November 7, 2014 Corporation

Directors/Registered Agents

Address

Nature of Business

REEP-IND Aegean MA LLC

Daniel W. Davitt, Richard B. Leber, Kevin M. Smith and Richard M. Walsh, signatories

51 Madison Ave., NYC 10010

Acquire and hold title to real property

70 Bremen Development Partners LLC

Paul D. Marks and Richard Garraffo, managers

7 Columbia Ter., U-3, Brookline MA 02446

Acquire, lease, manage and own real estate

Fair Investments LLC

David Spiegel, manager

128 Carnegie Row, Norwood MA 02062

Real estate and interests therein

Marciello 653 LLC

Michelle Barker and Paul Barker, managers

7 Aldersgate Way, North Reading MA 01864

Lease, manage and own real estate

Congress & Ward LLC

Mickey Northcutt and Jonathan M. Ofilos, signatories

C/o North Shore Community Development Corp. at 102 Lafayette St., Salem MA 01970

Dealing with interests in real estate

57 Duncklee Street LLC

Mario Pinto and Edward I. Shifman III, managers

11 John St., Newton MA 02459

Real estate activities

MAS Investment LLC

Mashour Moukaddem, mgr.; Shaun Gasparini Esq., res. agent Principal office at 823 Newton St., Chestnut Hill MA 02467; Shaun Gasparini Esq. at 470 Atlantic Ave., 4th floor, Boston MA 02210

Develop and invest in real estate

306 Lexington LLC

Nick Kohli and Sheela Murthy, managers

810 Beaver St., Waltham MA 02452

Invest in, lease, manage and sell real estate

ENT Realty LLC

Pamela Dana-Snyder, MD, Russell S. Shu, MD; and H. Dennis Snyder, MD; managers

35 Pearl St., Brockton MA 02301

Deal in real property

Scenic Tree Holdings LLC

Brian Lash and Wayne Murphy, signatories

500 Lincoln St., Allston MA 02134

Acquire, develop and manage real estate

33 Huron Development LLC

Anthony Leonard Arone and Edward B. Cutting IV, managers 17 Willowdale Rd., Winchester MA 01890

Develop real estate

Six Cambridge Street LLC

Alexander M. Milley and Linda E. Milley, managers

Real estate acquisition, development, financing, leasing and management

57 Thornberry Rd., Winchester MA 01890

Riverbed Inc.

Kenneth L. Mackin, president, treasurer and secretary

7 Harvard St., Brookline MA 02445

Buy, develop, manage and sell real estate

Fenway Properties Inc.

Michael J. Foley, manager

212 Linwood St., Lynn MA 01905

Commercial & residential RE sales and services

Lawrence S. Schreiber Architect Inc.

Lawrence Schreiber, pres.; Malka Furst, sec.; Principal office at 922 E. Kennedy Blvd., Lakewood NJ 08701; Brian Penschow, VP; Rabbi Yitzchak Zev Rabinowitz, res. agent Rabbi Yitzchak Zev Rabinowitz at 265 Fellsway East, Malden MA 02148

Architectural services

Ricci Real Estate LLC

Adam William Ricci, manager

178 Shore Rd., North Reading MA 01864

Apartment building

Berkhill 11 LLC

Alex J. Nobile and Susan W. Shoval, managers; David M. Lazan, resident agent

Principal office at 30 East Northampton St., Wilkes-Barre PA 18701; David M. Lazan at 785 Main St., Great Barrington MA 01230

Develop and manage real estate

HS Holdings LLC

Todd E. Hickman and Stephen T. Sgroi, managers

980 Bay St., Springfield MA 01109

Hold real estate

Corey Street Realty LLC

James P. Devellis and Paul Devellis, managers

15 Brent Rd., Lexington MA 02430

Acquire, develop and operate real property

38 Lyme Street Realty LLC

James P. Devellis and Paul Devellis, managers

15 Brent Rd., Lexington MA 02430

Acquire, develop and operate real property

TPG Holdings LLC

Tracy Goodman, mgr.; Michael Cabral Esq., res. agent

Principal office at 18 Oriole Dr., Andover MA 01810; Michael Cabral Esq. Invest in real estate c/o Gelerman and Cabral LLC at 6 Beacon St., Ste. 1115, Boston MA

Olmsted Martin Group LLC

Anthony Benigni and Philip Player, signatories

38 Spaulding St., Quincy MA 02169

Wealth management real estate investing and consultation

Kingfisher Properties LLC

Patricia Maciel and Raymond Maciel Jr., managers

39 Bayshore Dr., Mashpee MA 02649

Dealing with interests in real estate

Jenkins RE LLC

Christopher R. Jenkins and Patricia M. Jenkins, managers; Trevor A. Hayden, resident agent

Principal office at 75 Davis St., North Andover MA 01845; Trevor A. Hayden at 37 Main St., Ste. 2, Concord MA 01742

Develop, lease, manage and own real estate

339 Mass Ave LLC

Colin Beatty, manager

339 Massachusetts Ave., Arlington MA 02474

Deal with certain real property

Randolph Partners LLC

David E. Walsh, manager

1032 Pleasant St., Canton MA 02021

Real estate development

Marie Wu and Renee Wu LLC

Marie Wu and Renee Wu, managers

7 Jason St., Arlington MA 02476

Real estate development

VinMak RE Holdings LLC

Eric Mederos, manager

C/o VinMark Lending Group Inc. at 3143 Independence Dr., Livermore CA Real estate

2 Beverly Drive LLC

Abhayjit Bedi, managers

176 Auburn St., Auburn MA 01501

Develop, lease, operate, own and sell RE

Rabbit Run Properties LLC

Curtis R. Nichols, manager

59 Hunting Hill Rd., Lunenberg MA 01462

Buy, lease, manage and sell commercial and residential real estate

822 Mt. Pleasant Street LLC

Edward Walsh Jr., mgrs.; Daniel Vieira Esq., res. agent

Principal office at 12 Blue Heron Ln., South Easton MA 02375; Daniel J. Vieira Esq., c/o Vieira & Digianfilippo Ltd. at 480 Turnpike St., South Easton MA 02375

Real estate management

Nova Title and Closing Services PLLC

Morjieta Derisier, Shabnam Mashmasarmi and Jahanger Zaheer, signatories

42 Royal Crest Dr., Ste. 10, North Andover MA 01845

Real estate closing services

Kaiser LLC

John A. Carney, manager

40 Cross St., Winchester MA 01890

Acquire, develop, lease, own and sell RE

Welch Real Estate Holdings LLC

Margaret Alexandra Bayha, mgr.; Richard Dubin, res. agent

Principal office at 30 Norman Dr., Rye NY 10580; Richard S. Dubin at 1645 Falmouth Rd., Ste. 4A, Centerville MA 02632

Hold and manage real estate

AIT Realty LLC

Catherine Murithi and Francis Ngigi, managers

280 Haverhill St., Lawrence MA 01840

Real estate

71 Willow LLC

David McDermott and Ian McDermott, managers

7 Whitelawn Ave., Milton MA 02186

Acquire, develop and manage real estate

415 VFW Drive LLC

Jeffrey Tassinari, John Tassinari, John Tassinari Jr. and Susan E. Tassinari, managers

237 Old School House Ln., Hanover MA 02339

Develop, lease and manage real estate

Dorchester Morrissey Boulevard LLC

Ghassan Audi, manager

1154 William T. Morrissey Blvd., Dorchester MA 02122

Hold real estate

Stoughton Central Street LLC

Ghassan Audi, manager

130 Central St., Stoughton MA 02072

Hold real estate

continued on page 26

THE REAL REPORTER

November 14, 2014

Massachusetts Corporations Organized November 3 - November 7, 2014 Corporation

Directors/Registered Agents

Address

Nature of Business

Chester Square Realty LLC

Jennifer K. Brown, manager

17 Chester Sq., Gloucester MA 01930

Real estate and interests therein

WV Chestnut Development LLC

Richard Whittington, sig.; Colin Coleman Esq., res. agent

Principal office c/o Whitman Homes Inc. at 1200 Turnpike St., Canton MA; Low- and moderate-income housing Colin A. Coleman Esq. at 20 Pickering St., Needham MA 02492 development and related activities

7 Oakview Development LLC

Ralph A. Jaeger, manager

188 Hillside St., Milton MA 02186

Real estate investments

155 Pleasant LLC

Aldair Brito and Frank Hennessey, managers

287 Auburn St., Newton MA 02466

Real estate investments

Brilliant Corners LLC

Elizabeth Blanchard and Peter Blanchard, signatories

135 Cottage St., New Bedford MA 02740

Real estate

Eamonn Holdings LLC

Kirk Phillips and Frank Tassoni Esq., signatories

705 Washington St., Attleboro MA 02703

Develop and invest in real estate

Little Mansions LLC

Karen Lee, manager

7 Arlene Ave., Wilmington MA 01887

Invest funds and make loans in real estate

100 Brainerd Road LLC

Diane P. Gore, manager

1125 Commonwealth Ave., Allston MA 02134

Interests in real estate

Jungle Road Leominster Holdings LLC

David Hecht, Haim Victor Cohen Saban and Allen Susser Esq., signatories

Principal office c/o Century Capital Partners LLC at 336 W. Passaic St., Ste. 310, Rochelle Park, NJ 07662

Finance and manage certain real property in Leominster MA

ECS WALDRON LLC

James B. Zuckernik, signatory

Principal office c/o Waldron Engineering & Construction Inc. at 37 Industrial Dr., Exeter NH 03833; MA office at 28-B Carnation Cir., Reading MA 01867

Design and constructiion activities

Wadsworth Realty LLC

Allison L. Rocca and Jason A. Rocca, managers

2 Falcon Crest, Southwick MA 01077

Hold real estate

Durfee & Central Street Realty LLC

Marcel Louro, manager

145 Fifteenth St., PO Box 1349, Fall River MA 02722

Lease, manage and own real estate Invest in and manage income-producing RE

11 Holden LLC

Lisa Sousa, manager

81 Boylston St., Brookline MA 02445

Golden Palace Realty LLC

Daniele Lombardo, mgr.; Arthur Kerr II Esq., res. agent

Principal office at 214 Park St., #1, Attleboro MA 02703; Real estate activities Arthur R. Kerr II Esq. at 255 Washington St., Ste. 340, Newton MA 02458

Nevada Road LLC

Mikhail Turetsky, manager

94 Winston Rd., Newton MA 02459

Develop, invest in, lease, manage and sell real estate in Massachusetts

Saville Development LLC

Suzanne M. Pelich, manager

1915 Great Pond Rd., North Andover MA 01845

Develop and manage real estate

Calrae Properties LLC

John F. Stracuzzi, manager

175 Carlson Ln., West Barnstable MA 02668

Buy, lease, manage and sell real estate

Racal Properties LLC

John F. Stracuzzi, manager

175 Carlson Ln., West Barnstable MA 02668

Buy, lease, manage and sell real estate

Redline Ventures LLC

Nicholas J. Lewis, manager

30 Gates St., #3, Worcester MA 01610

Acquire, develop, lease, operate and sell real property

1445 Beacon Street LLC

Paul Bell and Matie Kestenberg, signatories

471 Dudley St., Newton MA 02459

Real estate

Landmark Realty LLC

Anthony C. Alonge and Carmino R. Alonge, managers

38 North Main St., Carver MA 02330

Develop, finance, lease, operate, own and sell real property

Marciello 653 LLC

Michelle Barker and Paul Barker, managers

7 Aldersgate Way, North Reading MA 01864

Lease, manage and own real estate

AJJ Family LLC

Julie E. Jones, manager

Principal office at 2970 Swan Rd., Ste. 221, Tuscon AZ 85737; MA office c/o 2514 Main St., West Barnstable MA 02668

Interest in real estate

Calkain Sale continued from page 3

“The market displayed a pent-up demand from all buyer pools for strong, stabilized netleased property within the Route 128 corridor,” Calkain Director Michael R. O’Mara outlines in a press release announcing the sale. National REITs, institutional retail investors and “a host of Boston-based real estate entities” chased the deal, recounts O’Mara, a net-leased expert in 215-217 Needham St., Newton MA Calkain’s Boston office who In the release, Nutt observes that basic worked with Florida-based colleague Patrick Nutt to leverage the firm’s nation- real estate fundamentals enhanced the property’s standing. al expertise on multi-tenant net lease stabilized assets with deep local market knowledge “Considering the site is less than a mile of the Boston MSA and specific assets to from Route 128 and features a five-mile population of nearly 140,000 with (annumaximize value for the sellers.

al) incomes over $130,000, this was a strategic site for these well-known retail brands,” says McNutt. “The seller did a great job in retrofitting and renovating an older asset, and given its location and size, it will be a trophy in any investor’s portfolio for a long time to come.” The seller is JPMCC 2007CIBC19 Needham Retail LLC, while Northland 215 Needham LLC is the buying entity. The Calkain Cos. is a commercial real estate brokerage firm which specializes in assisting buyers and sellers through all aspects of the netleased process including advisory, brokerage, debt and equity placement and asset management and research. The firm has multiple offices in the mid-Atlantic, n Northeast, Midwest and Southeast.

November 14, 2014

THE REAL REPORTER

Upland Project continued from page 9

million sf. Hudson-based Thorndike has a 30-year legacy focused on southeastern Massachusetts where the firm led by Lloyd Giesinger and Albert Stillman has built and sold more than 1,000 homes and received more than 30 awards for its efforts, including six national designations. Campanelli has owned the former Polaroid Corp. complex in Norwood for more than a decade, and partner Daniel DeMarco relays in the press release that its landmark apartment community is a result of “working closely and cooperatively with the town of Norwood and with the Upland (L-R): Gabe Thaisz, Thorndike; Russ Dion and Jeff DeMarco, Campanelli Construction; Dan DeMarco, Woods neighbors” to create a positive out- Campanelli; John Carroll, town of Norwood; Judy Jacobson, Massachusetts Housing Partnership; Lloyd Geisinger and David Eastridge, Thorndike; and Dick Mason, Massachusetts Housing Partnership. come. “We are committed to delivering an attractive neighborhood that will benefit walk and integrated garages accessed will enrich the living experience of everynot just those who choose to reside at from real alleys reminiscent of Boston’s one at Upland Woods Apartments.” Joining project officials at the Nov. 5th Upland Woods, but all of Norwood and the Back Bay,” conveys Thorndike President surrounding communities,” says DeMarco. Lloyd Geisinger, explaining the communi- groundbreaking was Massachusetts Other members of the project team ty has been laid out on the principles of Housing Partnership Deputy Director Judy Jacobson, who spoke to the “tremenbesides Campanelli Construction are Kelly Traditional Neighborhood Design. “People who value neighborhood and dous need” for apartment homes in the Engineering, Cube 3 Studio, Building Engineering Resources and Veitas and community will find Upland Woods state. “Not everyone can afford to buy a Veitas Engineers. Upland Woods Apartments to be cut from a different single-family home, so we need to create Apartments will feature a range of styles cloth,” Geisinger says in observing that the housing opportunities for those families,” in the four-story buildings, each of which concept “invites its residents and their Jacobson says in commending the town of will have elevator service and a range of guests to connect with their surroundings Norwood “for being part of the housing other amenities. Along with a clubhouse and their neighbors.” The complex is part solution,” and adding “we are confident pool, the neighborhood will feature tree- of the 82 acres Polaroid founder Edwin that the Campanelli and Thorndike team lined streets and sidewalks, “inviting pub- Land created a business park with walking will provide great quality housing in this n lic spaces perfect for an early morning trails and hundreds of mature trees “that community.”

JLL Dedham Listing continued from page 7

Sprague St., JLL outlines in marketing materials that peg the building as one of only three in the surrounding area with an available block exceeding 50,000 sf. There is 5.4 million sf of demand clamoring for Class A industrial that JLL research shows is now a mere 8 percent vacant while rent growth over the past year has risen by 10 percent. Recent lease comps for top-rated urban industrial has space hitting $15.50 per sf. JLL would not divulge the achieved rents at 480 Sprague St. Joining Borden and Petz as exclusive agents are Capital Markets Managing Director Jessica Hughes and Associate George Gregory, while market guidance is being offered from Executive VPs Ed Jarosz and Rick Schuhwerk. Financing options are being provided by Senior VPs

480 Sprague St., Dedham MA

Heather Brown and Jonathan Schneider. Other attractions of 480 Sprague St. being touted by JLL include clear heights to 22 feet, 66 loading docks and crossdock facilities in place, plus being subdividable with an efficient building depth

and modern mechanicals including heavy power capabilities, Eighty percent of the roof has been replaced at the property Calare and Hackman bought for $14.0 million in Aug. 2007 from Equity Industrial Partners. n

THE REAL REPORTER

November 14, 2014

CBRE Global Deal continued from page 1

St. in September followed this past week by 125 and 150 CambridgePark Dr. in west Cambridge, aka Alewife, to stock its seventh Strategic Partners U.S. vehicle that targets super-sized value-add opportunities in improving US markets. The $282-million downtown Boston deal—“our most satisfying purchase in years,” declares East Coast Acquisitions Director Michael Burrichter— was negotiated by Cushman & Wakefield, with CBRE/NE exclusive agent for Blackstone Christopher Angelone Real Estate Partners on 125 CambridgePark Dr., Cambridge MA the New York firm’s sale five areas of Boston when assessing its next of the first-class moves for a value add play, a rare prospect Cambridge assets that in the world of the Strategic Partners prototal 470,250 sf and are gram which pursues deals from $20 million 92 percent occupied. to $250 million for the fully discretionary, Both agreements were closed-end commingled funds. In the case first unveiled by thereal- of 100 High St. the desire was so great reporter.com, 100 High CBRE Global eclipsed Fund 7’s upper range William Moylan St. on Aug. 26th and the to land the 28-story, 545,000-sf office tower $163 million Cambridge flipped by Oxford Properties after the exchange on Oct. 13th. Canadian firm tied the asset up as part of While there were its blockbuster $2.1 billion portfolio purplenty of kindred spirits chase from Blackstone of five Class A buildchasing both listings, ings in downtown and Kendall Square. Burrichter accedes a few Because the larger portfolio sale colleagues were stymied required a shorter closing on 100 High St., over CBRE Global’s CBRE Global could use its might to move Michael Burrichter ardor for the offerings in quickly and edge out a bevy of other eager Alewife, a perennial suitors, recounts Burrichter, who was underachiever in both unable to discuss specific financial machilaboratory and office nations, but says the Strategic Partners activity since emerging team “really had to scramble to win that as a business district in one,” and used Fund 7’s heft ($1.5 billion the 1980s. For those in equity commitments) to “box out” the naysayers, “I ask them, competition. “Cushman & Wakefield had a ’Have you seen it late- ton of prospects, so we had to fight very Vance Maddocks ly?’” Burrichter recounts hard all the way,” he says. “It took a lot of in marveling at the submarket’s resurgence hustle and grit, but we did it, which we which he attributes—as in the case of are really excited about.” Boston’s Financial District—to Kendall CBRE Global was prepared to go all cash Square’s “re-setting” of urban rents by con- if necessary, says Burrichter, although a tinued growth of big pharma and the arrival funny thing happened on the way to the of technology giants willing to pay record Fund 7 mattress. “We had a ton of lenders pricing. “What is happening in Cambridge wanting to place debt on it,” he says, adding, and what is going on in (Boston’s) Seaport “that shows how confident everybody is in is having a ripple effect, and that makes the Boston right now—they all want to be here.” Financial District and west Cambridge The $182.5 million loan from GE Capital more attractive to a lot of companies,” Real Estate was arranged by CBRE/NE’s explains Burrichter. CBRE Global explored Debt & Structure Finance Group.

Beyond the overall economy and a downtown that has diversified from financial and professional services to attract sticker-shocked startups and new millennium firms migrating from Kendall Square and the Seaport, Burrichter says his group believes in the building itself despite being only about 65 percent occupied. “When you do a deep dive, you realize a lot of the space is on the lower levels,” says Burrichter, product that the newer players find appealing, while another block on the upper floors promises substantially higher rents in a market Jessica Dowd hungry for the limited high-end space. On both 100 High St. and Cambridge, CBRE Global is incorporating its “5-Star Worldwide” service and amenity program as part of the Strategic Bruce Lusa Partners platform that calls for turning around assets facing substantial vacancies or other challenges. “We spend a lot of money on our buildings,” Burrichter stresses, and in the case of 100 High St., that is being maniJohn Meador fested in a ninth-floor “amenity center” that will include an outdoor “amenity deck” available to all tenants. Across the river, Blackstone boosted occucontinued on page 29

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THE REAL REPORTER

CBRE Global Deal continued from page 28

pancy from under 50 percent in its tenure with its own capital improvements program that began via an $81.5 million purchase in June 2011, but Burrichter says there are ways to further accrete income from the buildings by making them more attractive. CBRE Strategic Partners US President Vance G. Maddocks says in a statement building systems are being upgraded and a LEED certification is being pursued to enhance the 5-Star Worldwide experience. “Cambridge is a desired infill location because it is home to numerous tech and 100 High St., Boston MA biotech firms seeking an dour Alewife market at the time, Angelone urban location and prox- concurs that “a lot of people were cautious imity to major research back then” following the harsh 2008 recesinstitutions,” says sion. “Blackstone is a very visionary group, Maddocks, who founded and they saw something back then that a lot the Strategic Partners of others failed to recognize, and they acted Charles Kavoogian U.S. program in 2000. upon that instinct,” recounts Angelone. “It Further investment is has worked out nicely for them and I think justified, Burrichter says, everybody is happy with the results.” Besides Capital Markets co-leader because CBRE Global and other investors now William Moylan and other team members flocking to the submar- including Vice Presidents Jessica Dowd and ket consider rates below Bruce Lusa and Senior Associate John where they should be Meador, Angelone cited Senior VP Charles given the strong public Kavoogian of the CBRE/NE leasing team for Andrew Hoar transit element and a helping Blackstone boost values at 125 and host of new residential, restaurants and 150 CambridgePark Dr. “Chuck Kavoogian retail options. Alewife “is much more has made a huge difference,” he says of his amenitized today than it used to be,” says colleague who worked on third-party transBurrichter, a condition he credits for restor- actions at the park, including the Intuit ing market fundamentals over the past year. signing, while Blackstone professional “Rents are only now starting to move, and Matthew George of Equity Office was also we think they will continue to,” he relays, instrumental in the dramatic transformawith the bidding war that brought tion, according to Angelone. On 100 High Blackstone near twice what it paid for the St., the GE Capital loan was arranged by buildings barely three years ago indicative CBRE/NE and the debt team including principals Carlos Febres-Mazzei and Kyle that others recognize the shift. The CBRE/NE Capital Markets team has Juszczyszyn with Senior Financial Analyst seen the Alewife rebound first-hand, having Alex Bradley and Associate Taylor Shepard. Burrichter praises both C&W and brokered both the prior and latest sales, the earlier one occurring with the buildings CBRE/NE for their respective marketing were coming out of foreclosure due to over- campaigns in selling the buildings, and his leveraged debt and struggling on occupan- firm has retained CBRE/NE as exclusive cy and upkeep. CBRE/NE principal agent for the three properties. “We’re getChristopher Angelone credits Blackstone ting some very strong activity,” he says of for its remarkable repositioning, as well as the 100 High St. space that is being hanthe CBRE/NE Cambridge leasing team that dled by CBRE/NE’s downtown team includlanded such top tenants as 150 Cambridge ing President Andrew W. Hoar. Burrichter Park Dr. Intuit Corp., now occupying 60,000 declined to identify any potential signings, sf. Regarding Blackstone in its earlier acqui- but expresses optimism both there and in sition that did raise eyebrows given the Alewife going forward. “There are tons of

positives about that transaction,” he says of the latest addition to Fund 7. Burrichter was unable to discuss other potential purchases, but Strategic Markets U.S. Fund 7 did ramp up earlier this year after the prior half-dozen instruments were closed as part of the program’s wide-reaching footprint. Since its inception, Strategic Partners US has invested billions of dollars in value-add ventures across the nation, with 101 Arch St. in the group’s second fund. CBRE Global does still have capital placed Carlos Febres-Mazzei regionally in such product as industrial and multifamily, with 154 apartments on Route 138 in Stoughton owned by Fund 5, for example. Burrichter, who oversaw both 100 High St. and the Cambridge Kyle Juszczyszyn acquisitions, says the firm always had wanted to reinvest in the Hub’s urban office framework, but could not heretofore identify the right opportunity after cashing out on 101 Arch St. for $121.7 million nine Taylor Shepard years ago next week, a 21-story tower still owned today by Clarion Partners that was in the second Strategic Partners fund. “It has taken a really long time, but we are back in Boston and we are back in a big way,” Burrichter says. “We are very happy about that.” n

THE REAL REPORTER

The Real Report continued from page 1

ing in the Hub’s historic North End that the Boston-based brokerage firm has been named exclusive listing agent. Interest is expected to be so intense that the asset is being marketed Nicholas Herz minus an asking price. “It’s a really awesome property,” says Jennifer Price, a member of the BRA multifamily sales team that has ridden the hyperactive market to great heights for more Christopher Sower than three years, peddling similar apartment and mixed-use buildings from the Back Bay and Beacon Hill to Harvard 37 Sheafe St., Boston MA Square. Thirty Seven famed Hanover Street and a few minute Sheafe St. is lauded for walk to Faneuil Hall and the North Station possessing “an unsur- and Financial District office markets. Joining Price on the assignment are passed location” steps Jason Weissman group colleagues from the North End’s multifamily

Wellesley Gateway continued from page 2

trends—a migration by firms into the urban core while others are eyeing western venues to escape rapidly rising rental rates. “Securing long-term leases with companies of such high caliber is a testament to the quality Joseph Fallon of Wellesley Gateway,” Friedman says in a press release announcing the transactions. Adds Transwestern RBJ’s suburban veteran, “the John Lashar building’s quality of construction and first-class amenities coupled with Ryan Romano its superior location . . . are truly unique to the marketplace.” Designed by Elkus Manfredi, Wellesley Gateway was highly Jonathan Varholak regarded for the visible site when it came on line in 2000, praised for its unique architectural features that Neil Schneider

retain a traditional New England look and feel on its campus-like setting. A cafeteria, fitness center and sundry shop are among the on-site attractions, as is the structured parking. While financial terms were not provided, the latest Transwestern RBJ market survey shows Route 128 Central tenants paying a premium to remain in the neighborhood, with 2.8 percent rent growth over the past 12 months putting the average rate at $33.43 per sf versus the suburban average of $25.31 per sf. The submarket of 22.3 million sf has seen 521,000 sf of positive net absorption recorded since Q3 2013, putting the vacancy rate at 11.1

November 14, 2014

Christopher Sower and Jason Weissman, while Nicholas Herz is assisting prospects who might be seeking financing for the property which dates to 1900 and is under long-term ownership to AAA Boston RE LLC. That entity is managed by Joseph F. Perroncello, who paid $450,000 to secure the four-story building in Nov. 1986. Fully leased, the property is being pitched as a value-add opportunity even with the in-place cash flow. All of the units are two-bedroom layouts, including six apartments with 1.5 baths and another with two baths, and the final one having one bath. Half of the apartments have been recently renovated, incorporating granite materials and stainless steel appliances, and they all feature separate roof-mounted electric heat pumps and individual electric hot water tanks. Value-add opportunities can come through restoring the other units, explains Price, and there is also the possibility of building a roof deck on the structure, “an extremely popular amenity for North End residents,” BRA conveys in its informational package that is in circulation already. The BRA team is scheduling tours to be held in the coming weeks with n a call for offers to follow.

Rents // 128 West

SOURCE: Transwestern RBJ

percent, the lowest for the submarket since 2001 after nine straight quarters of positive absorption. The Transwestern RBJ survey of Lexington, Needham, Newton, Waltham and Wellesley gives the latter community tops on average rental rates at $44.44 per sf. There is a 9.0 percent vacancy for its 1.98 million sf, according to Transwestern RBJ. n

November 14, 2014

THE REAL REPORTER

Strawberry Hill continued from page 4

mon spaces and a vending area. Leasing activity at Strawberry Hill has been brisk, according to Avison Young principal Jack Kerrigan, who along with principal Steve Cook, Vice President Bill Sullivan and Senior Account Manager Anne M. Flanagan have inked three deals since June totaling 11,000-plus sf in the 84,350-sf asset. The latest signing is a 2,000-sf pact with Willmott & Associates, an HR staffing solutions firm currently located in Lexington. Kerrigan says Brian McKenzie the team is conducting a couple of tours per week at the property, evidence of the suburban office sector recovery. “The Route 2 market is very strong,” reports Kerrigan. “It is a very different profile from a John Wilson few years ago when people were reluctant to expand, relocate, sign long-term leases—or even hire people for that matter.” Route 128 rents are “spiking,” he says, “and rental rates for Acton are about half Kirk Weller that of Waltham (high $30’s per sf versus high teens, gross), so we’re clearly the value play.” According to a Q3 report prepared by Brendan Carroll, AV’s new director of research, the vacancy Brittany Wilton rate for four star (B+) properties along the Route 2 and 3 corridors is 10.1 percent, commanding asking rents of $19.80 per sf on average. The floor plates at Strawberry Hill are easily sub-dividable, according to AY, with space available from 900 to 25,000 sf. In addition to the tenant space, Campanelli has created 11 executive office suites totaling approximately 11,000 sf on the first floor. Dubbed WorkPlace, the concept is a first for a Campanelli property, benefits including letting users access the fitness center

220/222 Mill Rd., Chelmsford MA

and other amenities with traditional corporate tenants. Up the road in Chelmsford, renovations at 220 and 222 Mill Rd. include a modern lobby area, new roof, HVAC system upgrades, parking lot improvements, up-todate standard tenant finishes and Steve Cook dramatically improved landscaping. Transwestern RBJ’s James Lipscomb, Brian McKenzie, John Wilson, Kirk Weller and Brittany Wilton are handling the exclusive leasing assignment, with Campanelli seeking a single tenant to fill the 51,000 sf at 222 Mill Road, according to Robert DeMarco, partner at Campanelli. “Our goal at both properties is to offer tenants a turn-key solution by utilizing

Boyle Receives Award continued from page 9

NAFI President Dr. Yitzhak Bakal says in a statement after the event where he lauds Boyle for having “pioneered the important relationship that must exist between social services agencies and the business community,” adding, “After a career of helping others, there was no question that he was the ideal candidate this year.” The Cassidy Turley Executive Managing Director and Wayland resident has been assisting NAFI with its Youth Link initiative which works in Boston housing developments such as Franklin Field in Dorchester and Lenox/Camden in the South End. Youth Link interacts with youth in those settings along with the Boston Police Department to reduce violence, provide personal growth

Anne Flanagan

Bill Sullivan

Campanelli Construction as construction manager for tenant build-outs, a design team we work closely with, as well as onsite property management and responsive ownership,” says DeMarco. Trigate and Campanelli acquired the properties (plus the fully leased 25 Industrial Rd. in Chelmsford) for $12.6 million at the beginning of 2014, a steep discount from the $27 million its prior owners had paid in 2004.n and ensure safety and harmony for residents and families. Last year’s award recipient was Boston Police Chief William Gross. “I am truly humbled and so honored to accept this award,” Boyle offers in a statement where he nonetheless stresses those who most deserve the public’s accolades are “all the NAFI professionals that are tirelessly working on behalf of and supporting these at-risk kids and families.” The tenant representation expert is a member of Cassidy Turley’s Boston operation, a group with a legacy of public service and furthering economic and educational growth throughout the city since its inception as FHO Partners, of which Boyle is a founding member. The Bates College alum has also assisted such groups as BayCove, the Robert F. Kennedy Children’s Action Corp. n and the Walker School in Needham.

THE REAL REPORTER

November 14, 2014

Women of Influence continued from page 5

to the table, particularly when there’s a heated negotiation,” she asserted. “Women can bring a fresh perspective and more and more people are recognizing that.” Cassidy also entered the commercial real estate field right out of college, but without a clearly mapped out plan of action. Her career included stints doing appraisal and working on the equity side of affordable housing before ending up in acquisitions. She recommended exploring multiple options for those just starting out in the business to build a better foundation in the industry. “As much as you can, educate yourself in all the different avenues of real estate . . . to see where your strengths would be best suited,” she urged. A Boston College alum who grew up in the Bay State, Cassidy seized the opportunity to return to Boston from the New York office of JP Morgan when the position of acquisitions chief opened. And although New York has a greater preponderance of women in higher level positions than Boston, she went to events and networked until Cassidy “slowly” understood all the dynamics of the market, and “didn’t force myself into any situation. And as a result I feel more comfortable in the market and we’ve done a lot of great deals here.” Campisano has spent her entire professional career at the BRA, having served as an intern while a student at Providence College. She was offered a position upon graduation and worked her way up until she was appointed Chief of Staff under Mayor Martin J. Walsh earlier this year.

Panelists at NAIOP Massachusetts fifth annual Women of Influence Luncheon, Boston MA.

Her advice to the gathering was, “Don’t be afraid to accept a challenge that you think you might not be ready for, because if you have supportive people around you they will absolutely help you along the way to be successful.” She added that during her tenure at the agency, both mayoral administrations have been very women-friendly. “I never felt like a second fiddle to a man, I’ve been encouraged by all of my superiors, and I feel that the public sector environment is definitely nurturing to women in a way that the private sector is not.” Nitsch (whose firm celebrated its 25 year anniversary in September) played the role of elder stateswoman, and emphasized the importance of being involved in industry organizations and events to maximize opportunities on both personal and company levels. And Nitsch walks the talk. She

NAIOP Massachusetts CEO David Begelfer with Kathy McMahon of National Development (center) and NAIOP Massachusetts COO Reesa Fischer.

currently serves on the Board of Directors of CREW Network (Commercial Real Estate Women), and is 2014 President of the national organization. She has also served as President of the American Council of Engineering Companies of Massachusetts and President of the Boston Society of Civil Engineers Section/ASCE. At her firm (which is nearly 40 percent women), anyone from project manager on up must become actively involved with professional organizations, serve on committees and take leadership roles in those organizations whenever possible. “My message for you is go look out for opportunities and if they don’t come to you don’t worry about it if you’ve made a point, and when you’re offered an opportunity—take it,” said Nitsch, who added, “Be responsible for your own professional development, and get the credentials that are required for your field. Because as a female, if you start out with that credential you’ve already hit the first bar, and then work at those things that you might not be as comfortable with.” Following the event, Reesa Fischer, COO at NAIOP Massachusetts, told Real Reporter that the luncheon had sold out earlier than usual and “we had a long, long wait list.” She noted that although women have made great strides in the industry in recent years, there is more work to be done. “Women still have to be out there and also ask for things,” said Fischer. “The theme was that getting out there and being seen was how you build a strong network. You’ve got to be amongst your male peers

November 14, 2014

THE REAL REPORTER

Keller Williams Trade continued from page 8

128 and across from the Beverly Fire Station, 1-7 Dodge St. encompasses 9,750 sf in seven units on a 26,275-sf parcel providing ample parking to customers. Tenants include Dunkin’ Donuts, Hawaiian Nails & Spa, North Beverly Food Mart and Prinzi’s Pizza. The Beverly based investor borrowed $2.46 million from Prime Realty Trust II LLC, whose principals are J. Arthur Booras Jr. and Frances Booras. They paid $935,000 for the property in Dec. 1988. Prime Realty separately sold 47 Elm St. to Holloran Development LLC namesake Jeffrey S. Holloran of Lynn, whose $933,351 purchase was backed by seller financing of $758,351. Gio’s Pizza and 35 Elm St, Danvers MA Walgreens anchor that 6,600-sf retail center located across from North Shore Bank and near Danvers Town Hall. Prime had held that 15,500-sf parcel whose retail roots date to 1958 since paying $525,000 for it 20 years ago next month and modernizing the plaza enough to attract the nation’s largest pharmacy chain to the site. The plaza is adjacent to 35 Elm St., a 4,600-sf property Holloran Development LLC acquired from D&L Ventures LLC for $1.90 million. The seller, which loaned Holloran $1.72 million to facilitate that trade, is an entity managed by Denise K. Booras and Lisa C. Johnson. D&L paid $750,000 five years ago for the 18,300-sf parcel on which 35 Elm St. was constructed that same year. Lutts specializes in commercial and 47 Elm St., Danvers MA residential sales in the region. The North communities in the region as part of the Shore native works out of the Keller national brokerage powerhouse that touts Williams Realty office which serves nine itself as the largest real estate franchise

company in North America, a platform involving 700 offices and 107,000 associates. n

due to various elements headlined by firstclass showroom space to use for client presentations. “That made a huge difference,” says Plunkett of a section outfitted with oak trim, floor-to-ceiling windows and a conference facility. Dating to 1974, the building that many years housed a Forrester Raincoat factory was taken over 15 years ago by Curry Woodworking, which paid $1.6 million in Sept. 1999. Financial details and other details of the PBD lease were not divulged, save for acknowledgement of the purchase option, a prospect Plunkett says his client is considering. Were that to occur, it would continue a pattern of user acquisitions for a variety of

commercial product including flex/industrial. Historic low interest rates and available financing including government support are helping to drive that trend. Plunkett says his client was further drawn to 61 Strafello Rd. by its presence on 4.5 acres in the accessible Avon Industrial Park, and having a venue offering frontage along Route 24. There is a measure of office space plus warehouse featuring generous clear heights and loading bays with a drive-in door. “We are very pleased we were able to meet their needs,” says Plunkett, adding the firm is already in the process of hiring new staff n to accommodate its growth.

NAI/Hunneman Deal continued from page 3

a prestigious customer list. PBD owns costumes, equipment and props, relays Plunkett, further enhancing the creative elements of a firm founded by Massachusetts College of Art alum Michael Nedeau. “They are an amazing company,” says Plunkett. “It has been a lot of fun working with them.” The space search that ran much of 2014 was concentrated within 10 to 15 miles of PBD’s Braintree facility, recounts Plunkett. Braintree and Raynham venues were in the running before 61 Strafello Dr. won out

20 Liberty Way, Frranklin MA

C&W Listings continued from page 1

$45 million. The biggest in the mix is a five-asset package Liberty Properties is offering involving two buildings here, another pair in Wilmington and 13 Centennial Dr. in Peabody, that a 135,175sf building which has DHL as its primary tenant. The aggregate price for the portfolio which is being pitched together or piece-meal is pegged in the $31 million sphere by industry professionals familiar with Robert E. Griffin Jr the offering that is being pitched minus a formal asking price. “Industrial is extremely hot right now,” one market watcher says in concurring more listings are coming available, Edward C. Maher Jr. including 12 Forge Park Dr. in Franklin, with CBRE Global Investors hiring C&W to find a taker for the value-add opportunity involving a first-class, 236,225-sf facility that is presently only 35 percent leased. Matthew E. Pullen As in the case of the Liberty Portfolio assets at 101 Constitution Blvd. and 20 Liberty Way, 12 Forge Park Dr. is in the town’s Forge Park, one of New England’s premier industrial micro-markets where the vacancy rate is just 5.9 percent and high-bay rents are cresting $6 per sf. At this juncture, C&W is not respond-

THE REAL REPORTER

November 14, 2014

13 Centennial Dr., Peabody MA

ing to inquiries regarding the two separate listings even though informational material on both are already in circulation. The material indicates C&W has its Capital Markets team working with leasing and financing experts, those being J.R. McDonald and Torin Taylor on the leasing and Jay Wagner providing debt and equity guidance. The Capital Markets contingent includes C&W of New England President Robert E. Griffin Jr., Vice-Chair Edward C. Maher Jr., Executive Director Matthew E. Pullen and Associate Director Samantha M. Hallowell. The CBRE Global asset is 35 percent leased to Kuehne & Nagel and is touted for clear heights to 28 feet, 40-by-40-foot column spacing providing for “optimal layout efficiency,” 22 tailboard doors and onedrive-in door plus T-5 automated lighting along with other modern mechanical and safety features. The landlord continues to make improvements, C&W notes, most recently upgrading common areas and the parking lot plus structural enhancements. As in the Liberty Portfolio, there is not an asking price, although its value is estimated by industrial experts to be in the $15 million range, or approximately $63 per sf. Conversely, at 410,500 sf, the Liberty Portfolio would top a healthy $75 per sf if the $31 million prediction is attained. Besides being primarily modern buildings, the package is credited by C&W for having a superior accessibility element, with all five buildings within a half-mile of a major highway, I-495 in Franklin, I-93 in Wilmington and Route 128/I-95 in Peabody. “The properties enable seamless travel throughout the state and the region, accommodating a wealth of tenant distribution requirements as well as facilitating easy employee commutes,” the synopsis notes.

According to the informational material, 96 percent of the space in the portfolio is leased to credited anchor tenants, including Fed Ex Corp. leasing all 39,725 sf at 10 Cornell Pl. and Samantha Hallowell Agrium Advanced Technologies at 20 Liberty Way. “Staggered leases with investment grade credit and stable cash flow” are hallmarks of the offering, C&W outlines . Based in Malvern, PA, J.R. McDonald Liberty Properties acquired the Bay State assets in Sept. 2012 as part of a larger national portfolio purchase from Cabot Properties. The total price for the Bay State buildings was $26.8 million, ranging Torin Taylor from $3.1 million paid for 10 Cornell Pl. to $8.5 million to secure 13 Centennial Dr. The 20 Liberty Way property is a 96,000-sf building dating to 1988 whereas 101 Constitution Blvd. has 63,350 sf. It came on line in 1987. Among the oldest in the mix is 265 Ballardvale St., a 73,450-sf building constructed in 1983. n

The Real Reporter VOLUME 6, NUMBER 26 © 2014 The Real Reporter, LLC. Ten Post Office Square, Boston MA 02109, 617-692-2997. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

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THE REAL REPORTER

New Boston St. continued from page 1

sf office building despite having acquired several new assets thus far in 2014, including the ultra-roomy Brickstone Square office campus in Andover, a first-class building in Dedham and 141 Portland St., a mixed-use property in Boston’s promising North Station district. “The building works well for us,” Shahbazi tells Real Reporter in praising 130 New Boston St. for its functional attributes and being central to the firm’s CRE fiefdom Heather Brown which runs from northern Massachusetts to the South Shore and out through Westborough down to Connecticut. “It is a very convenient location for our portfolio, and plus we like Woburn a lot,” explains Jessica Hughes Shahbazi, noting 130 New Boston St. is a short drive from the Woburn Mall and a sea of surrounding restaurants and retail as well direct access to Route 128 and Interstate 93. KS Partners is tradTom Ragno ing the building as part of a shift in its holdings which have heretofore been weighted in more modest properties than those now being pursued such as Brickstone Square, which has more than one million sf on a Andrew Whipple 25.5-acre parcel. “We are going to focus on larger deals and on Class B buildings in Boston,” Shahbazi relays, a factor in opting to harvest both 130 New Boston St. and a 111,000-sf building at 33 Boston Post Rd. in Marlborough being shopped separately through Cassidy Turley and expected to trade in the $13 million range, or about $117 per sf. Shahbazi declined comment regarding ongoing negotiations there, and Cassidy Turley Capital Markets members were unavailable as of press deadline.

130 New Boston St., Woburn MA

JLL Capital Markets officials were silent on the matter of the Woburn exclusive, but an informational package in circulation pegs team members as Managing Directors Frank Petz and Jessica Hughes plus Senior Vice President Heather Brown and Analyst Tom Ragno, with leasing insight being provided by Senior VP Andrew Whipple. Market observers spoken to predict 130 New Boston St. could approach $10 million in a bidding competiKambiz Shahbazi tion just now commencing, yet even were that achieved, and without offering precise guidance, JLL says buyers can expect to acquire the building “at a substantial discount to replacement cost” and do so for a

building sporting 94 percent occupancy leased to a diverse stripe of 11 tenants in the financial services, healthcare and technology arenas. JLL calls the 24-year-old building “an ideal combination of long-term stability and upside potential,” a mix aided by the recent renewal of three tenants to push the average remaining lease term above three years, and with one-third of the building spoken for through 2019 and beyond. When the space does roll, it will likely be in an improving landscape, according to JLL which shows average in-place rent of $18.74 per sf to be a 15 percent discount off the market average of $22.00 per sf. Rents along Route 128 North are up 15 percent in the past 24 months, JLL research reveals, while the vacancy rate n has dropped to 11 percent.

Marijuana Law

will operate. While 63 percent of the voters of the Commonwealth wanted to see medical marijuana dispensaries placed somewhere, it will be determined at the local level where and on what terms they will ultimately be located. (As of the writing of this article, dispensaries have moved into the final state approval phase for the following municipalities: Dennis, Salem, Haverhill, Northampton, Ayer, Newton, Lowell, Quincy, Brookline, Brockton and Milford.)

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both by the board and the public during the public hearing process. The board will likely impose conditions such as the following: security, hours of operation, refuse collection and disposal, lighting, crowd control, deliveries, access and egress, the potential presence of minors, public transportation, parking, accessibility by public safety, a written operations handbook, limiting the approval to the specific applicant, limiting the number of people at the facility at any one time, limiting the facility to “appointment only,” minimum staffing requirements, requiring interior and exterior CCTV surveillance, interior and exterior facility maintenance, maintaining records of all individuals visiting facility (subject to HIPAA requirements) and banning congregating of customers within a certain distance of the facility. This process allows the municipality significant control on how the dispensaries

Partner Gary P. Lilienthal and Associate Eric T. Speed are real estate specialists at Bernkopf Goodman LLP, among Boston’s oldest and most respected law firms with roots dating to 1894. One of nine practice areas at the firm, expertise from its 17-member real estate team is provided in all phases of development, finance and operations including acquisitions, construction, financing, leasing, management and syndications. n