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THIS WEEK’S ISSUE etatsE laeR laicremmoC rof ecruoS sweN ehT :enil gaT SimpliSafe Journey . . . . . . . . . . . . . . . 2 Action . .e. W ...............3 retroSilent peR ylk. e Number Nine. . . . . . . . . . . . . . . . . . . 4 Cummings Home . . . . . . . . . . . . . . . . 5 BY JOE CLEMENTS TROY Story . . . . . . . . . . . . . . . . . . . . 6
KS, Oaktree Seen Buying Brickstone From Pearlmark Via HFF for $50M
A
THE REAL REPORT
Chauncy Encounter
NDOVER — Tenants are not the only constituency once again beginning to look past Route 128, or so it would seem given news that Brickstone Square has been put under agreement to KS Partners and New York-based Oaktree Capital in a deal some are pegging in the lofty $50 million range. Owned by Pearlmark, the three-building, 1.04-million-sf office campus is being marketed
continued on page 33 100 Brickstone Sq., Andover MA
Jewish Vocational Filling 42,075 SF in Hub BY JOE CLEMENTS
B
OSTON — Bucking the dogs days of summer when commercial real estate activity typically ebbs, Jewish Vocational Service Inc. has provided a hefty measure of momentum via a lease exceeding 42,000 sf at 75-101 Federal St. in the city’s traditional Financial District. Brown & Wagner and Fairlane Properties negotiated the 10-year lease on behalf of JVS with Cushman & Wakefield advising
38 Chauncy St., Boston MA
BOSTON — These days, DivcoWest and Synergy Investments cannot seem to get out of each other’s way, but for the two real estate investment firms constantly plying the city for opportunities, the interaction has fomented an amicable strategy of partnering up on deals, as has been revealed in multiple cases previously by Real Reporter, a strategy that began last summer when they paired on a 343,000-sf Seaport District portfolio, a listing each had been chasing on their own before opting to team on the $53 million investment. continued on page 8
75-101 Federal St.. Boston MA
continued on page 30
Business Broadens for CRE Lenders BY MIKE HOBAN
B
OSTON — What a difference a year can make. During this time last year, lenders were doing a booming refinancing business fueled by the threat of rising interest rates. And while the first half of 2014 still saw robust deal volume, Greater Boston’s red hot CRE market has become more heavily weighted One Kendall Sq., Cambridge MA
toward acquisitions and construction loans, industry members convey in assessing the first half of the season. “We definitely saw a lot less refinancing of loans out of the bank this year than last year,” Brookline Bank Senior VP of Commercial Real Estate Darryl J. Fess tells The Real Reporter this continued on page 34
THE REAL REPORTER
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July 31, 2014
SimpliSafe Moving HQ to Boston BY JOE CLEMENTS
B
Larry Epstein
Michael McElaney
Benjamin Sutton
OSTON — Corporate migration patterns have blurred since 2008’s transformative recession, and further evidence of Boston becoming a haven for new age firms in its aftermath has come via SimpliSafe, the nationally recognized home security startup moving to a Synergy Investments building at 294 Washington St. in Downtown Crossing. Their 20,275-sf commitment was negotiated by Ben Sutton of NAI/ Hunneman Commercial Co. advising the tenant with Lawrence Epstein and Michael McElaney of Colliers exclusive agents for Synergy’s 229,000-sf
CORPORATE
294 Washington St., Boston MA
building that will accommodate SimpliSafe on the ninth floor later this autumn. Cambridge “was always in the mix” during his client’s space search, Sutton RETAIL
recounts to Real Reporter, but escalating rents there “were a little scary, and the transportation is not as good there as Downtown Crossing,” at which there is a convergence of all major MBTA subway lines, i.e. the Blue, Green, Orange and Red spurs, compared to the latter link being the sole one serving Cambridge. “They have a very diverse employee base, and they didn’t want to lose anyone (via a relocation),” outlines Sutton. “Here they have every direction covered.” Sutton points to that aspect and downtown’s rapidly recovering economy for sparking the arrival of like-minded companies carrying an entrepreneurial flair and youth-oriented employee base, a constituency he has been representing. “Downtown Boston is very vibrant today, and this is just the beginning,” Sutton relays, adding, “We were able to sell (SimpliSafe CEO Chad Laurans) on what is already there today, but also what is coming along very shortly, and that was very appealing to (consider).”
HOSPITALITY
continued on page 28 INSTITUTIONAL
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M
THE REAL REPORTER
July 31, 2014
CBRE/NE (Quietly) Peddles Weymouth Plaza for $34.2M
Pleasant Shops, 49 Pleasant St., South Weymouth MA BY JOE CLEMENTS
S
OUTH WEYMOUTH — CBRE/NE’s nationally recognized retail brokerage operation has plenty to talk about thus far in 2014, with $565 million processed through midyear involving 2.4 million sf and listings worth another $200 million presently in the pipeline. One assignment the team is apparently unable to discuss, however, just concluded in the $34.2 million purchase of a 130,000-sf shopping plaza here on the South Shore bought by Edens from Federal Realty Investment Trust. CBRE/NE principal Christopher Angelone could not even acknowledge any role in the deal by the group that includes principal William Moylan and Vice President Nathaniel Christopher Angelone Heald. Market sources had previously pegged CBRE/NE as agents for the property that is grocery anchored by a Whole Foods Market and also houses such retailers as CVS, Marshall’s and Starbucks. One industry professional familiar with the asset terms the nearly $265 per sf “a pretty aggressive price,” opining the reportedly steady stream of interest from other suitors is William Moylan a result of the community’s solid demographics, plus visibility of the plaza and its lineup of well-known retailers. “It was hotly contested,” maintains that observer who adds the interest was mixed between local investors and national capital sources and operators such as South Carolina-based Edens. Constructed originally in the mid-1970s on an 11.1-acre parcel, the Pleasant Shops are Nathaniel Heald located close to South Shore Hospital on a visible parcel adjacent to Route 18 in an established retail corridor, according to marketing materials detailing the listing. Federal Realty had gained control as part of a larger national portfolio the REIT absorbed. Highlights in one assessment were the Whole continued on page 25
3
THE REAL REPORTER
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July 31, 2014
Nine Net-Lease Deals Yield $41.5M BY JOE CLEMENTS
F
ALL RIVER — A freshly minted McDonald’s backed by an unusually lengthy lease extending to 2044 is being sold at a reported price of $2.14 million in one of nine netleased CRE sales negotiated over the past seven days by Marcus & Millichap’s prolific brokerage team led by Vice Presidents Robert Horvath and Todd Robert Horvath Tremblay, transactions collectively cresting $41.5 million in a potpourri of product stretching from Portland, ME, to Abbeille, LA. That brings the Boston-based contingent’s tally thus Todd Tremblay far to $313 million via 77 closings, Horvath tells Real Reporter in acknowledging a pending conclusion on the 3,850-sf Fall River listing which was
McDonalds, Fall River MA
one of three New England properties among the nine exchanged in a rapid-fire manner, assets including a pair of CVS units—Abbeille and Charles Town, WV,
plus four Walgreens scattered across the Northeast and Midwest that reeled in $22.72 million themselves, paced by $6.54 continued on page 29
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THE REAL REPORTER
July 31, 2014
5
LaBossiere, McCarthy Broker Cummings Lease of 10,700 SF NOTICE OF AVAILABILITY REQUESTS FOR PROPOSALS
PURCHASE / LEASE of TOWN OWNED LAND
Robb LaBossiere
18 Commerce Way, Woburn MA
W
OBURN — The regional occupancy needs of contract manufacturing firm Tecomet Inc. are being concentrated here at 18 Commerce Way, a seven-story, Michael McCarthy 73,000-sf office building owned by Cummings Properties. Advised by Michael McCarthy of NAI/Hunneman Commercial Co., with Robb LaBossiere representing the landlord in-house, Tecomet in June relocated its administrative and executive offices from Wilmington—space now being retooled for increased manufacturing functions—to 18 Commerce Way, and has now opted to dispatch another unit from New Boston Street
The Town of Chelmsford is issuing two RFP’s for property at 25-29 Katrina Road. The primary RFP is for the purchase and the alternative RFP is for a lease for a solar energy generating facility. This 3 acre industrially zoned site, designated as a 43D Priority Development Site, is adjacent to Rt. 3 and Rt. 495 and has full utilities. The property is designed as a ´%URZQÀHOG 6LWH¾ DQG LV LGHQWLÀHG E\ 0DVV'(3 DV D WLHU GLVSRVDO VLWH 5HFHQW SLORW WHVWLQJ KDV EHHQ FRQVLGHUHG successful in identifying the path for remediation and closure, and the costs associated with those actions. 3URVSHFWLYH SURSRVHUV PD\ REWDLQ FRSLHV RI HDFK 5)3 DW www.townofchelmsford.us Proposals are due on August 15, 2014 at 3pm. For more information contact: (YDQ %HODQVN\ 'LUHFWRU RI &RPPXQLW\ 'HYHORSPHQW DW ebelansky@townofchelmsford.us
continued on page 33
Creating value.
CBRE/NE Arranges $6.2M Refinance
B
ROCKTON — CBRE/NE’s Capital Markets team has announced the successful completion of its $6.2 million refinance of Pine Homes, a 114-unit affordable housing community located here at 469 Pine Grove Dr. owned by an affiliate of Bostonbased Beacon Communities. The loan funded by HUD’s Section 223(f) program was John C. Kelly arranged by CBRE/NE’s John C. Kelly, First VP of Multi-Housing Debt & Structure Finance, an entity that offers a wide range of debt options to clients. “We are pleased to have worked on this transaction on behalf of Beacon Communities,� Kelly says in a press release detailing the financing, adding, “the FHA program allows Beacon Communities to execute Mark Epker on their long-term hold strategy by providing a 35-year, self-amortizing loan at what continues to be a historically low interest rate environment.� Sharing Kelly’s enthusiasm over the commitment is Beacon Communities President Mark Epker, explaining that through the funding, “we are reinvesting in the property and we are now continued on page 32
SHEM CREEK Scott Goldberg 617.456.1976 p 917.576.0609 c
Robert Parsons 617.456.1977 p 203.249.8350 c
Capital
251-R Washington St. Wellesley, MA 02481 www.shemcreekcapital.com
THE REAL REPORTER
6
July 31, 2014
Milestone Feted for $185M Hub Project
B
OSTON — Three national CRE heavyweights welcomed South End residents, local dignitaries and public officials including Mayor Martin J. Walsh earlier this week to celebrate a topping off ceremony of TROY BOSTON, the trio’s $185 million mixed-use complex that will deliver modern apartments plus restaurants and retail to a 1.2-acre infill site at 55 Traveler St. Executives from Gerding Edlen, Normandy Real Estate Boston Mayor Partners and National Martin J. Walsh Real Estate Advisors were on hand to place the final beam on the rapidly rising structure and reflect on the upgrade from a parking lot. “The South End is such a vibrant part of our city, and this project is sure to enhance the area even further,” Walsh relayed in his remarks regarding a complex that takes up an entire block anchored by a 19-floor residential tower connected to a mid-rise tower. Designated as a LEED Gold venture,
overseeing the project on which pre-leasing is set to commence before Labor Day. Normandy principal Justin Krebs was at the event representing that New Jersey firm, company namesake Mark Edlen was in town from that firm’s Oregon headquarters and representatives from NREA came in from that group’s base in Washington, D.C. Major topics discussed at the festivities included a commitment to the South End via outreach and programs promoting the local arts, plus aggressive sustainability elements of the buildings that will feature aspects such as an internal power plant cogenerating electricity, heat and hot water, plus a mantra to work at 25 percent better than current energy codes. Each apartment has 82 percent post-industrial, recycled content wood floors, energy saving washers and dryers and Nest Learning Thermostats to further reduce the carbon footprint. Organizers made it clear the topping TROY BOSTON, 55 Traveler St., Boston MA (RENDERING) off milestone was also a celebration of the the 378 apartments will include 38 afford- workers who are putting TROY BOSTON able units designed by award-winning archi- together, a constituency eager for a paycontinued on page 32 tect ADD Inc., with Suffolk Construction
&
HORVATH
TREMBLAY
TEAM
Bob Horvath Director – National Retail Group MA Tel: (781) 373-7123 CT Tel: (203) 672-3324 rhorvath@marcusmillichap.com
Todd Tremblay
#1 Retail Investment Sales Team in New England for Marcus & Millichap
Director – National Retail Group Tel: (781) 373-7120 ttremblay@marcusmillichap.com
Dennis Kelleher Investment Advisor Tel: (781) 373-7124 dkelleher@marcusmillichap.com
Leigh Shepard
Specializing in the Sale of Multi-Tenant Retail and Single Tenant Net Leased Properties
Brokerage Administrator Tel: (781) 373-7126 lshepard@marcusmillichap.com
Horvath & Tremblay Team 2012 Results Year to Date: 80 Transactions Closed | 40 Transactions Under Agreement Investment Assets Sold:
THE REAL REPORTER
July 31, 2014
7
Broker, Landlord Conflicts A Possible Issue for Tenants
Photo: Derek Szabo
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BY JOE SCIOLLA
B
At Janitronics, we deliver services so thorough that our clients VRPHWLPHV WDNH XV IRU JUDQWHG 0DQ\ RI %RVWRQ¡V KLJKHVW SURÀOH FRPSDQLHV KDYH DOUHDG\ GLVFRYHUHG WKDW WKH PRVW QRWDEOH ZRUN LV WKH ZRUN WKDW GRHVQ¡W JHW QRWLFHG DW DOO 7R ÀQG RXW KRZ ZH FDQ PDNH \RXU EXLOGLQJ FOHDQHU FRQWDFW Dorrian Cohen Fragola at 781.647.5570 or dorrian@janitronics.com
OSTON — Even as the economy slowly recovers, Bostonarea businesses are still in a cost-cutting mode. As companies scrutinize the bottom-line, they typically pay special attention to commercial real estate, which continues to be their second greatest expense after labor costs. In this environment, millions of dollars at stake, many comREAL IDEAS with panies today aren't satisfied with business as usual. They're looking “outside the box� to save money, reduce risk, and add value. When companies need a real estate service provider, conventional wisdom suggests JanitronicsAds_1109_CS5.5.indd they seek firms that will put their interests first. And, since the client-broker relationship is all about trust, conventional wisdom also suggests that companies insist on accountability, transparency and full disclosure. Raise the issue But conventional wisdom doesn’t always prevail. of potential
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THE REAL REPORTER
8
July 31, 2014
David Greaney
Maura Griffith Moffatt 55 Summer St., Boston MA
The Real Report continued from page 1
FOR SALE
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That approach then manifested itself in a portfolio of three Summer Street buildings in Downtown Crossing that Synergy and erstwhile partner GreenOak put on the market. Stuart Shiff DivcoWest initially agreed to acquire them and then shifted gears to bring Synergy back into the mix, reportedly securing a minority stake as DivcoWest took on the role of GreenOak, a New York firm that bought into the portfolio and was aiming to cash out. Based in San Francisco, DivcoWest is led by Stuart Shiff, considered an expert on new-age leasing trends and a vociferous supporter of the metropolitan Boston and Cambridge markets. Led by founder David Greaney 10 years ago, Synergy is rumored to be serving as operating partner on those buildings in reflection of the firm’s deep local knowledge and proven ability to take underperforming assets and bring them back to life, as in the case of the 90,000 sf Summer Street package that is now 100 percent leased. Synergy principal Maura Griffith Moffatt would not elaborate on the arrangement in any of the partnerships, including the most recent one that occurred this week when the two groups paid $39.5 million for 38 Chauncy St., a Class B office building in the Midtown District that DivcoWest had initially tied up before inviting Synergy to the show. Then now have similar intentions for 55 Summer St., a Downtown Crossing building the two are expected to purchase later this year after dealing with a structured loan on the asset. That is also owned by Brickman. “We are off and running as a team again, and looking to continue what we have been able to accomplish in the past,” Moffatt relays. At this juncture, she says the latest holding bought is being assessed on what its future needs might be, but Moffatt expresses confidence that the “formula” Greaney standardized into a successful business model will be likely applied at 38 Chauncy St. Totaling 132,000 sf, that building which dates to 1899 was acquired from Brickman after that New York firm had held the property for three years, initially paying $21.1 million in July 2011. One report indin cates the seller spent approximately $4 million on upgrades.
THE REAL REPORTER
July 31, 2014
9
Commercial Deals MILLION DOLLAR MORTGAGES/SALES JULY 21 - JULY 25, 2014
J U LY 2 5 T H BUYER: Pleasant Shops (Edens) LLC, managed by Edens, South Carolina SELLER: FLV Pleasant Shops Limited Partnership, managed by Federal Realty Investment TR PRICE/ADDRESS: $34,250,000; 49 Pleasant St., Weymouth NOTES: Retail property, constructed 1973; Pleasant Shops; building size is 130,000 sf, lot size is 11.1 acres
MTG: $2,300,000 from Salem Five Cents SB ADD: Country Club Way, Lot 1-15; and Fairway Drive, Lots 437-7, 437-8 and 437-20, Kingston BWR: High Pines LLC, managed by Frederick W. Tonsberg BUYER: 680-688 Washington Street LLC, managed by Mark Pearlstein SELLER: Albert B. Benson and Viktor E. Benson PRICE/ADDRESS: $1,875,000; 680-688 Washington St., Walpole MTG: $1,406,250 from Cambridge Trust Co. NOTES: Multifamily property; first building constructed 1960; building size is 9,350 sf, lot size is one acre; second building constructed 1935; building size is 1,550 sf
Photo: Derek Szabo
MTG: $3,690,400 from TD Bank ADD: 1749 Main St., Concord, 31 Grove St. and 22 Larnis Cir., Framingham; and 27 Humboldt St. and 15 Woodchester Cir., Waltham BWR: Justice Resource Institute Inc., managed by Andy Pond, president; Andrea Mix, treasurer
NOTES: Multifamily property, constructed 1899; four- to six units; building size is 3,350 sf, lot size is 4,450 sf
J U LY 2 4 T H MTG: $72,500,000 from Starwood Property Mortgage BC LLC ADD: 500-528 Commonwealth Ave., Boston BWR: Kenmore Hotel LLC, managed by Laurence J. Gottlieb, president, c/o Sage Kenmore Hotel, Denver
BUYER: Silva Realty 2 LLC, managed by Edward C. Silva and Mark Silva SELLER: Gene F. Gnerre, Pamela H. Gnerre and Sheila A. Gnerre PRICE/ADDRESS: $1,250,000; 21 Chandler St., Somerville MTG: $937,500 from East Cambridge SB NOTES: Three-family property, constructed 1880; building size is 3,650 sf, lot size is 3,350 sf; last sold for $128,000 in July 1988
MTG: $43,000,000 from Teachers Insurance and Annuity Association of America ADD: 300 Boylston St., Boston BWR: TDC Heritage LLC, managed by Ronald M. Druker, president and treasurer
MTG: $1,240,000 from Enterprise B&T Co. ADD: 400 Business Park Dr., Tyngsborough BWR: Jenike & Johnson Inc., managed by John W. Carson, president
MTG: $10,837,186 from Claremont Bank GP and $28,000,000 from Boston Private Bank & Trust Co. ADD: 0 Boylston St., a/k/a Kerrigan Place, and 10-12 Kerrigan Pl., Brookline BWR: Claremont Brookline Suites LLC, managed by Elias Patoucheas, president and treasurer
BUYER: Cabot Residential Inc., managed by Stuart Mullally, president and treasurer SELLER: MMurphy RE 480 LLC, managed by Marianne Murphy PRICE/ADDRESS: $1,050,000; 482 East Fourth St., Boston MTG: $820,000 from First Commons Bank
MTG: $29,000,000 from TD Bank ADD: One Canal Park, Cambridge BWR: BCSP Cambridge One Property LLC, managed by Beacon Capital Partners
BUYER: Reep-Ind Lyman MA LLC, managed by New York Life Investment Management LLC SELLER: The Really Associates Fund IX L.P., managed by TA Associates Realty
PRICE/ADDRESS: $26,835,000; 55 Lyman St., Northborough NOTES: Industrial property, constructed 2005; building size is 260,750 sf, lot size is 29 acres; last sold for $18,300,000 in Jan. 2011 BUYER: Reep-Ind Freedom MA LLC, managed by New York Life Investment Management LLC SELLER: The Realty Associates Fund VIII LP, managed by TA Associates Realty PRICE/ADDRESS: $23,700,000; 20 Freedom Way, Franklin NOTES: Industrial property, constructed 2003; building size is 233,700 sf, lot size is 17 acres; last sold for $20,300,000 in Oct. 2007 BUYER: One Merrimac LLC, managed by David E. Wallace, c/o Atlas-Strata LLC, NYC SELLER: Dinosaur Merrimac LLC, managed by Scott I. Oran PRICE/ADDRESS: $3,287,500; One Merrimack St., a/k/a 150 and 158 Friend St., Boston MTG: $1,700,000 from Cambridge Savings Bank NOTES: Mixed-use property*, constructed 2012; retail and parking facility; building size is 350 sf, lot size is 4,050 sf; *property features six electric charging stations for automobiles; property last sold for $925,000 in Jan. 2012 MTG: $2,500,000 from Customers Bank ADD: 61 Edinborough Ln., Brewster BWR: Route 6A Brewster Holdings LLC, managed by Corcoran Jennison Co. continued on page 10
THE REAL REPORTER
10
July 31, 2014
Commercial Deals MILLION DOLLAR MORTGAGES/SALES JULY 21 - JULY 25, 2014 continued from page 9 BUYER: Cushing & Hoitt LLC SELLER: IAC Investors LLC, managed by Sol Cohen PRICE/ADDRESS: $2,100,000; 75 Chestnut St. and 443 and 455 Moody St., Waltham MTG: $1,575,000 from First Ipswich Bank
MTG: $1,698,000 from Eagle Bank ADD: 22 and 22R Winter St., Woburn BWR: Jamieson Development LLC, managed by Robert J. Jamieson BUYER: Cook Forest Products Inc., managed by Diane S. Cook SELLER: Eugene M. Cronin
Photo: Derek Szabo
BUYER: Tosca Drive LLC, managed by Lawrence Alan Green SELLER: Jay Hanflig, Amy Kornetsky and Lawrence Kornetsky, c/o Robelle PRICE/ADDRESS: $2,100,000; 131 Tosca Dr., Stoughton MTG: $825,000 from New England Certified Development Corp. and $800,000 and $1,000,000 from Eastern Bank NOTES: Industrial property, constructed 1971; building size is 27,850 sf, lot size is one acre; last sold for $957,500 in Feb. 1999
PRICE/ADDRESS: $165,000; 23 Kerma Rd., Boston MTG: $1,700,000* from Farm Credit East, ACA NOTES: Land parcel; lot size is 2,150 sf; *open-end mortgage; seller acquired property from city of Boston for $500 in Jan. 2004
MTG: $1,500,000 from People’s Bank ADD: 53 Southampton Rd., Westfield BWR: Engineers Realty Corp., mgd. by David G. Healey, president; Michael R Parsons, treasurer continued on page 11
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THE REAL REPORTER
July 31, 2014
11
Commercial Deals MILLION DOLLAR MORTGAGES/SALES JULY 21 - JULY 25, 2014 continued from page 10 MTG: $1,370,000 from East Cambridge SB ADD: 213 Lamartine St., Boston BWR: Shannon Street LLC, mgd. by Paul O’Connell MTG: $1,283,750 from Walpole Cooperative Bank ADD: 233 Northampton St., Boston BWR: 233 Northampton LLC, managed by Alexander Peselman
J U LY 2 3 R D MTG: $25,000,000 from People’s United Bank ADD: 100 Hancock St., Quincy BWR: Hancock Street Holdings LLC, managed by Synergy Investments BUYER: SHP IV Concord River LLC SELLER: Brightview Billerica LLC, managed by Marilynn K. Duker PRICE/ADDRESS: $15,289,900; 199 Concord Rd., Billerica MTG: $15,504,000 from PNC Bank NOTES: Multifamily property, constructed 2009; assisted living; 97 units; building size is 67,350 sf, lot size is seven acres; property last sold for $2,140,000 in Nov. 2008
Photo: Derek Szabo
MTG: $5,117,400 from Greystone Funding Corp. ADD: 231 Hampshire St., Lawrence BWR: A D Parkside West LLC, managed by Anthony R. DiFruscia MTG: $3,100,000 from Mansfield Cooperative Bank ADD: 88-92 and 88R Broadway, Somerville BWR: HHC One Franklin LLC, managed by Milan M. Patel MTG: $3,000,000 from Raymond C. Green Inc. ADD: 45 Quail Hollow Rd., Brewster BWR: Reem Property LLC MTG: $2,125,000 from Commerce B&T Co. ADD: 1037 St. James Ave., and 685 Sumner Ave., Springfield BWR: Kayrouz Realty LLC, managed by Tannous Kayrouz MTG: $2,520,750* from Northern B&T Co. ADD: 50 Dwight St., Boston BWR: Renaissance Investments at 50 Dwight Street LLC, managed by Lewis A. Legon NOTES: *Construction mortgage BUYER: Kayrouz Petroleum LLC, managed by Raji Abdo SELLER: Andrew H. Wickson and George A. Wickson IV, Personal Representatives of The Estate of George A. Wickson III
PRICE/ADDRESS: $1,300,000; 401 Amesbury Rd., Haverhill MTG: $2,125,000 from Commerce B&T Co. NOTES: Retail property, constructed 1969; building size is 1,550 sf, lot size is 30,000 sf; last sold for $72,500 in Oct. 1982 MTG: $1,041,000 from Watertown Savings Bank ADD: 37 Hale St., Newton BWR: 37 Hale St., LLC, mgd. by Nicholas DiDuca
J U LY 2 2 N D MTG: $18,000,000 from Santander Bank ADD: 238 and 238 ? West Main St., Northborough BWR: BWP Northborough Realty LLC, managed by Matthew F. Salmon BUYER: FEDEQ NL005 LLC, mgd. by the Federated Cos.
SELLER: PC Worcester L.P., managed by H+R REIT PRICE/ADDRESS: $16,000,000; 50 Cambridge St., Worcester MTG: $12,300,000 from Commerce Bank & Trust Co. NOTES: Retail property, constructed 2003; Price Chopper Supermarket; building size is 69,000 sf, lot size is 10.5 acres; last sold for $14,600,000 in Dec. 2010 MTG: $1,349,600 from Village Bank ADD: 133 and 167 Dudley Rd., Newton BWR: Dudley Realty Development LLC, managed by Cindy L. Stumpo MTG: $1,237,500 from Digital Federal CU ADD: 431-439 Hanover St., and Salutation St., Boston BWR: Dror Ashuah, trustee of DD & Z Realty TR continued on page 12
THE REAL REPORTER
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July 31, 2014
Commercial Deals MILLION DOLLAR MORTGAGES/SALES JULY 21 - JULY 25, 2014 continued from page 11
J U LY 2 1 S T MTG: $55,000,000 from Bank of America ADD: 600 Providence Hwy, Walpole BWR: E. C. Barton & Co., Jonesboro AR, mgd. by Niel Crowson, president, Tom Rainwater, treasurer
BUYER: 771 Centre St Brockton LLC, managed by Linda Garofalo SELLER: Peter N. Muncey Jr., trustee of Patricia Anne Realty TR PRICE/ADDRESS: $2,750,000; 771 Centre St., Brockton NOTES: Retail property, constructed 1997; Walgreens; building size is 13,700 sf, lot size is 1.3 acres; property last sold for $650,000 in March 1997
SELLER: Donna Dozier, James Dozier and Linda C. Dozier-Jones, Personal Representatives of The Estate of Vernice M. Owens PRICE/ADDRESS: $2,455,000; 225 West Canton St., Boston MTG: $2,774,000 from Mechanics Cooperative Bank NOTES: Three-family, constructed 1880; building size is 2,875 sf, lot size is 1,900 sf; sellers’ family ownership in property dates to Dec. 1982
MTG: $2,600,000 from MountainOne Bank ADD: 30, 34, 37, 42, 46, 50, 54, 59 and 70 Stonehedge Rd., Franklin BWR: Woodlands Development LLC, managed by Elliott Schneider MTG: $1,300,000 from Bay State Savings Bank ADD: 19 Crescent St., West Boylston BWR: Crescent Street Investments LLC, managed by Andrew A. Beardsley
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BUYER: 225 West Canton Development LLC, managed by Sean Kennedy
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BUYER: Barber Ave. Realty LLC, managed by Meletios D. Chacharone SELLER: DDR Southeast Barber LLC, managed by Mark E. Bratt, chief investment officer PRICE/ADDRESS: $3,200,000; 301 Barber Ave., Worcester MTG: $3,700,000 from Rollstone B&T Co. NOTES: Land parcel; lot size is 17.6 acres; portion of property acquired by seller in Jan. 2000
nd North E 12 June 20
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THE REAL REPORTER
July 31, 2014
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014
J U LY 1 8 T H BUYER: Dana M. Herweck and Steve Herweck SELLER: Ridge Hill Farm LLC, mgd. by John Topalis PRICE/ADD: $4,595, 000; 58 Ridge Hill Farm Rd., Wellesley NOTES: Single-family Colonial, constructed 2013; house size is 6,800 sf, lot size is 40,075 sf; five bedrooms and eight baths; last sold for $1,199,000 in Dec. 2012; Declaration of Homestead
MTG: $3,200,000 from Blue Hills Bank ADD: 143 Pleasant St., Rockland BWR: Kathy DeLong and Kenneth Horn BUYER: Travis Matheney and Michele Walters SELLER: JMG Development LLC, managed by Joseph M. Gelormini PRICE/ADD: $2,610,000; 10 Alcott Rd., Lexington MTG: $2,088,000 from Boston Private B&T Co. NOTES: Single-family Colonial, constructed 2014; house size is 7,000 sf, lot size is 41,450 sf; six bedrooms and 6.5 baths; last sold for $910,000 in Dec. 2012; Declaration of Homestead BUYER: Vicki C. Balsamo SELLER: John J. Trotto PRICE/ADD: $2,300,000; 500 Elliott Rd., Barnstable NOTES: Single-family Contemporary, constructed 2005; house size is 3,300 sf, lot size is two acres; four bedrooms and 3.5 baths; last sold for $1,100,000 in Apr. 2004 BUYER: Edward Hundert and Mary Hundert SELLER: Howard G.S. Horn and Heidi Werner f/k/a Heidi C. Werner PRICE/ADD: $1,859,000; 115 Sewall Ave., U-6, Brookline MTG: $1,487,200 from Boston Private B&T Co. NOTES: Unit in low-rise condominium; unit size is 2,550 sf; four bedrooms and 2.5 baths; unit last sold for $1,265,000 in June 2009; Declaration of Homestead BUYER: Christine Manfredi and Steven Manfredi SELLER: Province Development Partnership, managed by the Abbey Group PRICE/ADD: $1,675,000; 45 Province St., U-2203, Boston NOTES: New unit in high-rise condominium; unit size is 1,325 sf; two bedrooms and two baths BUYER: Marina Feldman and Igor Ostrovsky SELLER: John T. Kovach and Patricia A. Kovach PRICE/ADD: $1,365,000; 54 Swanson Ln., Carlisle MTG: $204,750 and $1,092,000 from Washington Trust Mortgage Co. NOTES: Single-family Colonial, constructed 1998; house size is 5,925 sf, lot size is four acres; four bedrooms and four baths; last sold for $1,050,392 in Sept. 1999; Declaration of Homestead
A brick-faced Colonial at 90 Baxter Rd. in Brookline has yielded an impressive $2,695,000 in its exchange between buyer Jon E. Cohen and sellers Diana Chapman Walsh and Christopher T. Walsh Jr. That couple had paid $2,310,000 for the 3,625-sf, five-bedroom residence that was constructed in 1937 on a 13,950-sf parcel.
BUYER: Eric D. Autio and Kristen Z. Autio SELLER: Design Decisions LLC, mgd. by Leslie Smith PRICE/ADD: $1,350,000; 15 Ocean View, Hingham MTG: $1,050,000 from NE Moves Mortgages NOTES: Single-family Colonial, constructed 2014; house size is 3,775 sf, lot size is 15,250 sf; four bedrooms and five baths; last sold for $550,000 in Sept. 2013; Declaration of Homestead BUYER: Jarone Lee SELLER: Gregory Agganis PRICE/ADD: $1,335,000; 2 Avery St., U-30B, Boston MTG: $525,000 from Leader Bank NOTES: Unit in high-rise condominium; unit size is 1,025 sf; two bedrooms and two baths; unit last sold for $1,050,000 in Aug. 2012 BUYER: Nicole Wiggins and John Wiggins SELLER: Dominque M. Davenport and Todd F. Davenport PRICE/ADD: $1,215,000; 48 Salem St., Andover MTG: $972,000 from Citibank NOTES: Single-family Cape, constructed 1934; house size is 4,850 sf, lot size is 34,850 sf; five bedrooms and six baths; last sold for $510,000 in June 1995; Declaration of Homestead MTG: $1,200,000 from Cape Cod Cooperative Bank ADD: 100 Corporation Rd., Dennis BWR: Christopher Lambton BUYER: Linda B. Menard and Scott A. Menard SELLER: Nora C. Pelrin PRICE/ADD: $750,000; 12 Cottage St., Hingham MTG: $1,120,000 from Needham Bank
NOTES: Single-family, const. 1880; house size is 2,150 sf, lot size is 19,175 sf; three bedrooms and two baths; sellers family ownership dates to 2003 BUYER: Katharine Hanson and Gregory Hurray SELLER: Arthur L. Rosenthal PRICE/ADD: $1,195,000; 9 Bacon St., Wellesley MTG: $225,000 from NE Moves Mortgage and $350,000 from TCF National Bank NOTES: Single-family, constructed 2001; house size is 2,850 sf, lot size is 15,750 sf; three bedrooms and four baths; last sold for $970,000 in Aug. 2005; Declaration of Homestead MTG: $1,100,000 from Cambridge Mortgage Group LLC ADD: 43 Backriver Rd., and 3 Osprey Way, Hingham BWR: Denise K. McDonough NOTES: Declaration of Homestead BUYER: John F. Howell and Karen L. Howell SELLER: Maria Gualtieri and John Maxwell PRICE/ADD: $1,042,000; 31 Olde Colony Dr., Shrewsbury MTG: $350,000 from Cartus Home Loans LLC NOTES: Single-family, constructed 2005; house size is 4,875 sf, lot size is 20,475 sf; four bedrooms and six baths; last sold for $400,000 in Sept. 2005; Declaration of Homestead BUYER: Alma Lucita Gonzales and Earl Gonzales SELLER: Patch Development LLC, managed by Gary Patch PRICE/ADD: $1,023,130; 4 Newport Cir., Andover MTG: $102,300 & $818,500 from Berkshire Bank continued on page 14
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 13 NOTES: Single-family Colonial, const. 2014; house size is 3,500 sf, lot size is one acre; four bedrooms and 2.5 baths; Declaration of Homestead BUYER: Jonathan K. Ball and Sarah W. Ball SELLER: Rene Brant and Jonathan Brant PRICE/ADD: $1,010,000; 33 Maple Ave., Newton MTG: $808,000 from Mortgage Master NOTES: Single-family Victorian, const. 1900; house size is 2,875 sf, lot size is 9,275 sf; five bedrooms and 2.5 baths; sellers family ownership dates to July 1982; Declaration of Homestead
J U LY 1 7 T H MTG: $2,700,000 from Northern B&T Co. ADD: 10 Corn Point Rd., Marblehead BWR: J Hilary Rockett Jr. and Paige D. Rockett BUYER: Wendy J. Cultice SELLER: Bruce Bagamery and Lynne P. Taylor PRICE/ADD: $2,210,000; 1 Avery St., U-19A, Boston MTG: $1,100,000 from Wells Fargo Bank NOTES: Unit in high-rise condominium; unit size is 2,250 sf; two bedrooms and 3.5 baths; unit last sold for $2,050,000 in Apr. 2012; Declaration of Homestead BUYER: Leah Popielarski SELLER: Barbara Campbell & Richard Campbell PRICE/ADD: $2,160,000; 792 Jerusalem Rd., Cohasset MTG: $820,000 and $1,728,000 from Georgetown Bank NOTES: Single-family Colonial, constructed 1850; house size is 4,825 sf, lot size is 1.9 acres; three bedrooms and four baths; last sold for $750,000 in Aug. 1991 BUYER: Glenn Butcher and Randi Butcher SELLER: Maia G. Stuart and Toby E. Stuart PRICE/ADD: $1,608,500; 245 Glen Rd., Weston MTG: $401,000 from Cartus Home Loans NOTES: Single-family Colonial, constructed 2005; house size is 3,975 sf, lot size is 30,925 sf; four bedrooms and four baths; last sold for $1,500,000 in June 2007; Declaration of Homestead MTG: $1,500,000 from Boston Private B&T Co. ADD: 183 Main St., Chatham BWR: James N. Thiel and Mary Thiel BUYER: Zhaoping Ai and Lei Jiang SELLER: Joel Prough and Kimberly Prough PRICE/ADD: $1,480,000; 15 Nickerson Rd., Lexington NOTES: Single-family Colonial, constructed 1969; house size is 4,750 sf, lot size is 18,300 sf; five bedrooms and four baths; last sold for $1,225,000 in July 2005
Nearly 10 years after paying $750,000 for 64 Chesterton Rd. in Wellesley, Andrew H. Bomes and Jane Bomes have harvested the 65-year-old Colonial for more than twice that amount in a $1,650,000 exchange with Arathi Reddy. Renovated in 2005, the 4,475-sf residence includes five bedrooms and four baths set on a quarter-acre parcel situated close to Boulder Brook Reservation.
BUYER: Yan Chen and Richard Zhang a/k/a Richard Yilin Zhang SELLER: Theresa Massie and Thomas Massie PRICE/ADD: $1,430,000; 6 Jonas Stone Cir., Lexington MTG: $650,000 from Cambridge Savings Bank NOTES: Single-family Colonial, const. 1989; house size is 6,125 sf, lot size is one acre; five bedrooms and six baths; last sold for $875,000 in Mar. 1992 BUYER: Jitao Niu SELLER: Deborah Kostas and James Kostas PRICE/ADD: $1,360,000; 2 Sweeney Ridge Rd., Bedford NOTES: Single-family Colonial, constructed 2004; house size is 5,425 sf, lot size is one acre; five bedrooms and five baths; last sold for $1,269,000 in Sept. 2004; Declaration of Homestead BUYER: Michael D. Lappi SELLER: Anna F. Thurber PRICE/ADD: $1,350,000; 141 Montvale Rd., Weston MTG: $1,215,000 from Navy Federal Credit Union NOTES: Single-family Colonial, const. 1960; house size is 4,050 sf, lot size is 1.6 acres; six bedrooms and five baths; seller’s family ownership in property dates to March 1962; Declaration of Homestead BUYER: Milada Hanig and Robert L. Hanig SELLER: William Churchill PRICE/ADD: $1,350,000; 17 Lincoln Ln., Sudbury
NOTES: Single-family Contemporary, const. 2009; house size is 3,825 sf, lot size is 3.9 acres; four bedrooms and 3.5 baths; last sold for $1,000,000 in Oct. 2007; Declaration of Homestead BUYER: Leslie Arnould and Matthew Arnould SELLER: Slicklen Builders Inc., mgd. by David Slicklen PRICE/ADD: $1,311,500; 68 Wachusett St., Needham MTG: $196,725 and $852,475 from First Republic Bank NOTES: Single-family Colonial, const. 2014; house size is 4,000 sf, lot size is 9,575 sf; four bedrooms and 3.5 baths; last sold for $362,000 in Aug. 2012; Declaration of Homestead BUYER: Dawn Mattoon and Scott Mattoon SELLER: Hamed Eshraghian PRICE/ADD: $1,290,000; 7 Royal Cir., Lexington MTG: $1,032,000 from Bank of America NOTES: Single-family Contemporary, const. 1994; house size is 3,600 sf, lot size is 30,500 sf; four bedrooms and 2.5 baths; last sold for $699,000 in Mar. 1994; Declaration of Homestead BUYER: George G.Y. Niu and Sylvia S. Niu SELLER: Melissa Hancock and Brigitte Libby PRICE/ADD: $1,260,000; 30 Kensington Cir., Brookline NOTES: Single-family, const. 1965; house size is 1,575 sf, lot size is 10,025 sf; four bdrms. and three baths; last sold for $950,000 in May 2008 continued on page 15
THE REAL REPORTER
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 14 BUYER: Patrick O’Brien and Frederick Sylvester SELLER: Ting Lai and Lei Shen PRICE/ADD: $1,223,000; 8 Glen Ln., Sudbury MTG: $723,000 from Colonial National Mortgage NOTES: Single-family Colonial, const. 2001; house size is 5,325 sf, lot size is 1.4 acres; four bedrooms and six baths; last sold for $1,080,000 in May 2010; Declaration of Homestead BUYER: Alison Donnelly and William Donnelly III SELLER: Susan M. Sabin PRICE/ADD: $1,125,000; 35 Old Winter St., Lincoln MTG: $900,000 from RBS Citizens NOTES: Single-family Cape, const. 1932; house size is 3,250 sf, lot size is 40,075 sf; four bedrooms and four baths; last sold for $1,185,000 in Nov. 2007; Declaration of Homestead BUYER: John Schachter and Karyn Wergland SELLER: Curtis R. Frank and Ivonete A. Frank PRICE/ADD: $1,110,000; 216 Winchester St., U-1, Brookline MTG: $888,000 from Fairway Independent Mortgage Corp. NOTES: Unit in low-rise condominium; unit size is 2,700 sf; three bedrooms and two baths; unit last sold for $800,000 in July 2014; Declaration of Homestead BUYER: Diana R. Abata and Michael J. Abata SELLER: Mark R. Nemec and Suzanne Nemec PRICE/ADD: $1,110,000; 92 Old Bridge Rd., Concord MTG: $883,000 from Guaranteed Rate NOTES: Single-family Victorian, const. 1910; house size is 3,425 sf, lot size is 16,125 sf; five bedrooms and 3.5 baths; last sold for $650,000 in May 2004; Declaration of Homestead BUYER: Benjamin J. Weiss SELLER: Natasha Pereira-Kamath PRICE/ADD: $1,110,000; 121 St. Botolph St., U-4, Boston MTG: $832,500 from Washington Trust Mortgage Co. NOTES: Unit in low-rise condominium; unit size is 1,500 sf; two bedrooms and two baths; unit last sold for $820,000 in July 2009 BUYER: Thomas Roemer and Tamara Kenny SELLER: Myra von Turkovich and Richard von Turkovich PRICE/ADD: $1,100,000; 20 Vincent St., U-1, Cambridge MTG: $700,000 from EverBank NOTES: Unit in low-rise condo; unit size is 2,575 sf; two bedrooms and one bath; building last sold for $1,475,000 in Jan. 2013; Declaration of Homestead
William F. Barton and Florence Y. Kimm have paid an even $2,000,000 to Robert T. Jones for 305 Westford Rd. in Concord. The 6.5-acre estate has two structures, the larger a 4,350-sf residence dating to 1954 with five bedrooms and five baths and the other a 550-sf Bungalow constructed in 1987. The seller’s family had owned 305 Westford Rd. since Dec. 1965. Primelending financed the buyers with a $1,500,000 mortgage.
BUYER: Laura Aiello SELLER: Katharine Hanson and Gregory Hurray PRICE/ADD: $1,069,000; 28 Lafayette Rd., Newton NOTES: Single-family Colonial, const. 1930; house size is 2,675 sf, lot size is 12,050 sf; four bedrooms and 2.5 baths; last sold for $572,500 in June 1998; Declaration of Homestead
J U LY 1 6 T H BUYER: James Jessee and Kimberly Jessee SELLER: 126 Pembroke Townhouse LLC, managed by Houssam Ali Hassan PRICE/ADD: $3,195,000; 126 Pembroke St., U-1, Boston MTG: $100,000 and $2,400,000 from Boston Private B&T Co. NOTES: Unit in low-rise condominium; unit size is 2,550 sf; three bedrooms and four baths; property last sold for $2,350,000 in Dec. 2012; Declaration of Homestead MTG: $2,700,000 from Boston Private B&T Co. ADD: 3 West Hill Place, U-3, Boston BWR: James Edward Besser & Jenny Ekberg Besser BUYER: Elie T. Tamer and Theodora V. Tamer SELLER: George Brady and Laurie Brady PRICE/ADD: $2,000,000; 85 Meriam St., Lexington MTG: $420,000 from RBS Citizens and $600,000 from President and Fellows of Harvard College NOTES: Single-family Colonial, constructed 2008; house size is 6,750 sf, lot size is 12,200 sf; four bedrooms and 5.5 baths; last sold for $1,900,000 in June 2009; Declaration of Homestead
MTG: $1,990,000 from Boston Private B&T Co. ADD: 148 School St., Marblehead BWR: Wayne E. Dunbar and Sandra L. Jesse BUYER: Rosemary Mazanet and John Stoecker III SELLER: Waterworks Park LLC, managed by James J. Sullivan, president and treasurer PRICE/ADD: $1,700,000; 2442 Beacon St., U-2442, Boston MTG: $1,020,000 from Eastern Bank NOTES: New unit in low-rise condo; unit size is 4,150 sf; three bedrooms and 4.5 baths; property last sold pre-conversion for $4,500,000 in Aug. 2005; Declaration of Homestead MTG: $1,610,000 from Hingham Institution for Savings ADD: 154 West Newton St., U-1 and U-2, Boston BWR: West Newton 154 LLC, mgd. by Steven Young BUYER: Stella Chan-Flynn SELLER: James S. Sidel and Susan H. Sidel PRICE/ADD: $1,348,500; 4 Falmouth Rd., Wellesley NOTES: Single-family Colonial, const. 1960; house size is 2,800 sf, lot size is 25,750 sf; four bedrooms and 2.5 baths; last sold for $158,000 in Feb. 1985 BUYER: Jolene Leslie Daly & Michael Patrick Daly SELLER: Elizabeth Kass and Hunter Kass PRICE/ADD: $1,375,000; 65 Marlborough St., U-4, Boston NOTES: Unit in low-rise condominium; unit size is 1,300 sf; two bedrooms and two baths; unit last sold for $1,200,000 in Sept. 2012 continued on page 16
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 15 BUYER: Ashish Singh and Priya Krishnan SELLER: Barbara Bram and Norman A. Bram PRICE/ADD: $1,370,000; 199 East Emerson Rd., Lexington MTG: $959,000 from Patriot Community Bank NOTES: Single-family Cape, constructed 1984; house size is 3,275 sf, lot size is 20,475 sf; four bedrooms and 3.5 baths; last sold for $1,150,000 in Aug. 2003; Declaration of Homestead BUYER: Julie B. Selbst and David L. Siegel SELLER: Harlan Strader and Susan R. Beck n/k/a Susan R. Strader PRICE/ADD: $1,298,000; 84 Nanepashemet St., Marblehead MTG: $1,038,400 from Citibank NOTES: Single-family Contemporary, constructed 1973; house size is 3,875 sf, lot size is 22,225 sf; four bedrooms and 3.5 baths; last sold for $516,000 in Feb 1995; Declaration of Homestead BUYER: Richard Connolly & Allison Linley Smith SELLER: William Kendall PRICE/ADD: $1,225,000; 23 Dwight St., U-2, Boston MTG: $612,500 from Morgan Stanley Private Bank NOTES: Unit in low-rise condo; unit size is 1,375 sf; three bdrms. and 2.5 baths; unit last sold for $890,000 in Aug. 2008; Declaration of Homestead MTG: $1,117,500 from Hudson City SB ADD: 183 Mount Vernon St., Newton BWR: Alyssa Haywoode and Malcolm Robinson BUYER: 455 Bay Road Realty Trust SELLER: Arthur Dunmore and Nancy Reed PRICE/ADD: $1,150,000; 455 Bay Rd., Duxbury NOTES: Single-family, const. 1983; house size is 1,875 sf, lot size is 1.6 acres; two bdrms. and two baths; last sold for $1,150,000 in July 2001 BUYER: Farzad Yashar SELLER: Isa Braun PRICE/ADD: $1,126,000; 509 Ward St., Newton NOTES: Single-family Colonial, const. 1905; house size is 3,075 sf, lot size is 8,625 sf; five bdrms. and 3.5 baths; last sold for $423,000 in June 1999; Declaration of Homestead BUYER: Elizabeth A. Garcia and John T. Garcia SELLER: Caren McVicker and Joseph McVicker PRICE/ADD: $1,120,000; 18 Adams Ln., Wayland MTG: $896,000 from Navy Federal Credit Union NOTES: Single-family Cape Cod, const. 1961, house size is 2,800 sf, lot size is 1.3 acres; four bedrooms and three baths; last sold for $819,000 in Aug. 2002; Declaration of Homestead MTG: $1,100,000 from RBS Citizens ADD: 73 Leavitt St., Hingham BWR: Kathleen Kenney and Matthew Kenney
Colleen S. Tartow and Randall L. Tartow are the new owners of 11 Manomet Rd. in Winchester following their $1,274,200 purchase from Amy T. Villeneuve and Pierre R. Villeneuve. The sellers had held the 3,575-sf, fourbedroom Colonial almost since its completion in 1999, having paid $645,000 for the property in Feb. 2000.
BUYER: Karen L. Lewis and Matthew A. Lewis SELLER: Anjana Harve and Rohit Harve PRICE/ADD: $1,092,500; 74 Cudworth Ln., Sudbury MTG: $762,500 from Citibank NOTES: Single-family Colonial, const. 1997; house size is 5,675 sf, lot size is 40,075 sf; five bedrooms and 4.5 baths; last sold for $1,100,000 in June 2012; Declaration of Homestead BUYER: Frederick Bagley, Paula Bagley, Christoph Schadinger and Kathryn Schadinger SELLER: Adele Traniello and Anthony Traniello Jr. PRICE/ADD: $1,000,000; 22 Amberwood Dr., Winchester MTG: $800,000 from Eastern Bank NOTES: Single-family Colonial, const. 1974; house size is 5,400 sf, lot size is 21,350 sf; six bdrms. and 4.5 baths; last sold for $173,000 in Dec. 1983; Declaration of Homestead MTG: $1,000,000 from Cambridge Trust Co. ADD: 7 Channing St., Cambridge BWR: Pamela Gorgone and Gary Hilderbrand MTG: $1,000,000 from Leader Bank ADD: 80 Newton St., Brookline BWR: Ananth Raman and Padmaja B. Raman
J U LY 1 5 T H BUYER: Mosa Boston Ltd., mgd. by Mark Trufio SELLER: Sandra C. Steele PRICE/ADD: $6,200,000; 776 Boylston St., U-W10-A, Boston MTG: $8,960,000 from First Republic Bank NOTES: Unit in high-rise condominium; unit size is 3,600 sf; two bedrooms and three baths; unit last sold for $5,494,367 in Sept. 2008
BUYER: Joyce E. Tadler and Steven M. Tadler SELLER: Dagmar B. Friedman PRICE/ADD: $5,500,000; 22 Haven Way, Beverly NOTES: Single-family, constructed 1945; house size is 3,525 sf, lot size is three acres; four bedrooms and four baths; last sold for $451,000 in Feb. 1984 BUYER: Kathleen O’Connor Truscott and William F. Truscott SELLER: Adam Sean Rand PRICE/ADD: $3,300,000; 11 Bradlee Rd., Marblehead NOTES: Single-family Colonial, constructed 1904; house size is 5,575 sf, lot size is 2.1 acres; six bedrooms and 7.5 baths; last sold for $4,000,000 in Nov. 2006 BUYER: Jon E. Cohen SELLER: Diana Chapman Walsh and Christopher T. Walsh Jr. PRICE/ADD: $2,695,000; 90 Baxter Rd., Brookline NOTES: Single-family Colonial, const. 1937; house size is 3,625 sf, lot size is 13,950 sf; five bdrms. and 3.5 baths; last sold for $2,310,000 in Oct. 2006 BUYER: Deborah J. Lawrence-Swallow and George L. Swallow SELLER: Christopher Hawthorne & Nancy Hawthorne PRICE/ADD: $2,580,000; 301-319 Columbus Ave., U-803, Boston MTG: $500,000 and $700,000 from Bank of America NOTES: Unit in mid-rise condo; unit size is 1,800 sf; two bdrms. and two baths; unit last sold for $2,395,000 in Oct. 2013; Declaration of Homestead continued on page 17
THE REAL REPORTER
July 31, 2014
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 16 BUYER: Alexandra H. Techet SELLER: MWJ Realty LLC, mgd. by James Haroutunian PRICE/ADD: $2,200,000; 152 Allen Ave., Newton MTG: $300,000 from Massachusetts Institute of Technology and $700,000 from Northern Trust Co. NOTES: Single-family Colonial, const. 2013; house size is 5,850 sf, lot size is 12,200 sf; five bedrooms and seven baths; last sold for $736,900 in Mar. 2013; Declaration of Homestead BUYER: Steve Eminger SELLER: Barkley Development LLC, managed by David J. Schwartz PRICE/ADD: $2,198,000; 126 West Concord St., U-1, Boston MTG: $448,500 and $1,200,000 from First Republic Bank NOTES: Unit in low-rise condominium; unit size is 1,800 sf; three bedrooms and two baths; unit last sold for $1,075,000 in June 2013; Declaration of Homestead BUYER: William Barton and Florence Kimm SELLER: Robert T. Jones PRICE/ADD: $2,000,000; 305 Westford Rd., Concord MTG: $1,500,000 from Primelending NOTES: Single-family Colonial, constructed 1954; house size is 4,350 sf, lot size is 6.5 acres; five bedrooms and five baths; sellers’ family ownership in property dates to Dec. 1965 BUYER: Sarah Herlihy and Stephen Herilhy SELLER: Wall Street Development Corp., managed by Louis Petrozzi, president PRICE/ADD: $1,904,875; 67 Morgan Farm Rd., Westwood MTG: $1,617,144 from Needham Bank NOTES: Single-family Colonial, constructed 2014; house size is 4,700 sf, lot size is 30,500 sf; four bedrooms, three bathrooms and two half-baths; Declaration of Homestead BUYER: Alisa Andrews and T. Coleman Andrews IV SELLER: Cheryl Driscoll and Michael Driscoll PRICE/ADD: $1,875,000; 10 Cushing Rd., Wellesley MTG: $1,406,250 from First Republic Bank NOTES: Single-family Cape, constructed 1947; house size is 3,725 sf, lot size is 20,000 sf; four bedrooms and 4.5 baths; last sold for $2,300,000 in June 2007; Declaration of Homestead BUYER: Sandra Cordiano and William Cordiano SELLER: John B. Hynes III PRICE/ADD: $1,897,500; 26 Watch Hill Way, Chatham NOTES: Single-family Cape, const. 1950; house size is 3,425 sf, lot size is 19,600 sf; four bdrms. and 3.5 baths; last sold for $2,000,000 in Aug. 2011
First Republic Bank has loaned $1,909,375 to Rebecca Fair and Stephen Fair enabling their $2,937,500 purchase of 52 Hedge Rd. in Brookline from Lee-Ann Healy and Phillip Healy. The property which dates to 1840 encompasses seven bedrooms and 4.5 baths in an expansive 5,525-sf frame. The Healys had paid $2,600,000 for 52 Hedge Rd. five years ago this September.
MTG: $1,800,000 from Citibank ADD: 32 Arlington Rd., Norfolk BWR: Richard Kelleher and Caroline Warren BUYER: Christine Tsien Silvers & Robert S. Silvers SELLER: Jon M. Jensen and Noel K. Jensen PRICE/ADD: $1,700,000; 201 Pleasant St., Norwell NOTES: Single-family Colonial, constructed 1998; house size is 7,825 sf, lot size is 10 acres; five bedrooms and 6.5 baths; last sold for $314,900 in July 1998; Declaration of Homestead BUYER: Cary Gumbert and Cynthia Gumbert SELLER: Allison Payne Jones Elvekrog and Jon Galen Elvekrog PRICE/ADD: $1,640,000; 1 Holly Circle, Weston MTG: $1,312,000 from Wells Fargo Bank NOTES: Single-family Contemporary, const. 1958; house size is 4,100 sf, lot size is 1.4 acres; three bdrms. and five bathrooms; last sold for $1,425,000 in June 2005; Declaration of Homestead MTG: $1,540,000 from Norwood Cooperative Bank ADD: 2 Rocky Ledge Rd., Weston BWR: Peter K. Kwan BUYER: Luciano Manganella & Stacey Manganella SELLER: Helene Kogos and Ronald R. Kogos PRICE/ADD: $1,499,999; 135 Commonwealth Ave., U-4, Boston MTG: $1,000,000 from Webster Bank NOTES: Unit in low-rise condominium; unit size is 1,450 sf; two bedrooms and 1.5 baths; unit last sold for $250,000 in Oct. 1990; Declaration of Homestead
BUYER: Arie Dahan and Beth Ann Dahan SELLER: Giles Widawski and Laura Widawski PRICE/ADD: $1,470,000; 27 Maple St., Lexington NOTES: Single-family Contemporary, const. 1831; house size is 4,925 sf, lot size is 41,825 sf; five bedrooms and 3.5 baths; last sold for $1,290,000 in May 2013; Declaration of Homestead BUYER: Nathalie Latchague Irving and Bruno Latchague SELLER: John C. Rogaris PRICE/ADD: $1,450,000; 393 Marlborough St., U-8, Boston NOTES: Unit in low-rise condominium; unit size is 1,425 sf; three bedrooms and one bath; unit last sold for $975,000 in May 2005; Declaration of Homestead BUYER: James Chiang and Sarinna Chiang SELLER: Bener Real Estate LLC, managed by Eugene J. Borochin PRICE/ADD: $1,285,000; 25 Paul St., Newton NOTES: Two-family, constructed 1900; building size is 3,500 sf, lot size is 15,000 sf; seven bedrooms and 7.5 baths; last sold for $700,000 in May 2003 BUYER: Mary Lee Guagliano & Peter Guagliano SELLER: James Bucilla and Joanne Bucilla PRICE/ADD: $1,218,750; 285 Pond St., Boston MTG: $914,062 from First Republic Bank NOTES: Single-family Tudor, const. 1931; house size is 2,400 sf, lot size 12,025 sf; three bdrms. and three baths; last sold for $1,000,000 in Apr. 2008; Declaration of Homestead continued on page 18
THE REAL REPORTER
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July 31, 2014
Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 17 BUYER: Jean M. Deluca SELLER: Maureen Jorde and Shawn Jorde PRICE/ADD: $1,152,500; 136 Wings Neck Rd., Bourne MTG: $922,000 from Cape Cod Five Cents SB NOTES: Single-family, const. 1971; house size is 1,900 sf, lot size is 36,150 sf; four bedrooms and three baths; last sold for $865,000 in Mar. 2003 BUYER: Siena Colegrave and Christopher Feige SELLER: Amy F. Winston f/k/a Amy F. Mendel PRICE/ADD: $1,150,000; 98 Chandler St., U-1, Boston MTG: $896,000 from Guaranteed Rate Inc. NOTES: Unit in low-rise condo; unit size is 1,350 sf; two bdrms. and two bathrooms; unit last sold for $820,000 in July 2008; Declaration of Homestead BUYER: Enzo Scalora and Katharine Scalora SELLER: Deborah DiFranza and Michael DiFranza PRICE/ADD: $1,145,000; 16 Fawn Ridge Rd., Hopkinton MTG: $858,750 from Guaranteed Rate NOTES: Single-family Colonial, constructed 2001; house sizes is 5,900 sf, lot size is 1.1 acres; five bedrooms and 5.5 baths; last sold for $1,282,500 in Sept. 204; Declaration of Homestead BUYER: Jane Epstein and Leonid Epstein SELLER: Richard Deth and Madeline Deth PRICE/ADD: $1,135,600; 1484 Beacon St., Newton NOTES: Single-family Colonial, const. 1920; house size is 2,600 sf, lot size is 11,900 sf; four bdrms. and 2.5 baths; last sold for $189,000 in June 1984; Declaration of Homestead
Backed by $723,000 in financing from Colonial National Mortgage, Patrick C. O’Brien and Frederick Sylvester have bought 8 Glen Ln. in Sudbury for $1,223,000 from Ting Lai and Lei Shen. The 5,325-sf, four-bedroom home that was built in 2001 previously traded for $1,080,000 in May 2010.
BUYER: Megan McGonigal Edgar and Shannon Allan Edgar SELLER: Elizabeth O’Grady and Jude O’Grady PRICE/ADD: $1,025,000; 12 Sewall Brook Ln., Sherborn MTG: $820,000 from Needham Bank NOTES: Single-family Cape, const. 1994; house size is 3,075 sf, lot size is 7.8 acres; four bedrooms and 3.5 baths; sellers family ownership dates to Nov. 1994; Declaration of Homestead MTG: $1,000,000 from Eastern Bank ADD: 1 Westwood Dr., Lexington BWR: Andrew P. Abela and Flora E. Ocampo
NOTES: Unit in low-rise condo; unit size is 850 sf; two bdrms. and one bath; unit last sold for $1,615,000 in July 2010; Declaration of Homestead BUYER: Lawrence Velvel and Louise Velvel SELLER: Susan S. Priem and Windle B. Priem PRICE/ADD: $2,070,000; 2-5 Battery Wharf, U-4510, Boston NOTES: Unit in mid-rise condo; unit size is 1,575 sf; two bdrms. and two baths; unit last sold for $1,620,000 in Oct. 2012; Declaration of Homestead
J U LY 1 4 T H
BUYER: Jill B. Kremins SELLER: Jo Ann Kumins PRICE/ADD: $2,000,000; 4 Battery Wharf, U-4303, Boston NOTES: Unit in mid-rise condominium; unit size is 1,625 sf; two bedrooms and 2.5 baths; unit last sold for $1,382,950 in Aug. 2009; Declaration of Homestead
MTG: $4,000,000 from First Republic Bank ADD: 90 Kearsarge Ave., West Hyannisport BWR: Peter H. Mattoon
MTG: $1,920,000 from Wells Fargo Bank ADD: 88 Hatch Rd., Tisbury BWR: John D. McEvoy and JulieAnn A. McEvoy
MTG: $1,115,000 from Needham Bank ADD: 22 Greenwood Ave., Needham BWR: Kathleen M. Burns and John D. Burns
BUYER: Asbed Guekguezian and Amy Simon SELLER: Kathryn Fitzgerald PRICE/ADD: $2,500,000; 18 Hammond St., Newton MTG: $1,999,999 from Wells Fargo Bank NOTES: Single-fam. Colonial, const. 1915; house size is 3,800 sf, lot size is 13,050; five bdrms., four bathrooms and two half-baths; last sold for $2,375,000 in June 2011; Declaration of Homestead
BUYER: Christopher Perkin and Jennifer Perkin SELLER: Richard Cumbie and Patricia Halsted PRICE/ADD: $1,850,000; 18 Winn St., Nantucket MTG: $850,000 from BNY Mellon NOTES: Single-family, const. 2014; house size is 3,275 sf, lot size is 6,525 sf; five bdrms. and four baths; property last sold for $375,000 in May 2012
MTG: $1,100,000 from People’s United Bank ADD: 173 Benvenue St., Wellesley BWR: Michael J. Flynn and Stella Chan-Flynn, a/k/a Stella C. Flynn
BUYER: Caitlin Brumme and Kurt Brumme SELLER: Philippe Rolland & Rebecca Givens Rolland PRICE/ADD: $2,105,000; 217 West Canton St., U-2, Boston
MTG: $1,068,700 from Hudson City SB ADD: 107 Elm St., Medfield BWR: Elaine Epstein and Laurence Epstein MTG: $1,064,000 from Institution for Savings in Newburyport and Its Vicinity ADD: 28 Prairie St., Concord BWR: Carmela A. Gee and Jason R. Gee BUYER: Charles Cunningham SELLER: John R. Carroll and Tina L. Sutton PRICE/ADD: $1,125,000; 11 Linden Place, U-3, Brookline NOTES: Unit in low-rise condominium; unit size is 2,375 sf; four bedrooms and two baths; unit last sold for $300,000 in Nov. 1986
MTG: $1,000,000 from Bank of America ADD: 24 Lee Rd., Chestnut Hill BWR: Marsha G. Feinberg
BUYER: Anne M. Sullivan SELLER: Carolyn Howard and Robert Howard PRICE/ADD: $1,755,000; 38 Hancock St., U-7, Boston continued on page 19
THE REAL REPORTER
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19
Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 18 MTG: $500,000 from Boston Private B&T Co. NOTES: Unit in low-rise condo; unit size is 1,900 sf; two bdrms. and two baths; unit last sold for $1,176,000 in July 2012; Declaration of Homestead BUYER: Elizabeth Ascoli and Brett Erickson SELLER: Robert Barber and Michael Spencer PRICE/ADD: $1,725,000; 327 Clark Rd., Brookline NOTES: Single-family Colonial, const. 1915; house size is 2,825 sf, lot size is 8,050 sf; five bedrooms and 3.5 baths; sellers family ownership dates to Aug. 1989; Declaration of Homestead BUYER: Cynthia Schick and John P. Squire SELLER: 39 Wexford Street LLC, managed by Angela M. Marini and Ronald A. Marini PRICE/ADD: $1,498,500; 12 Vineyard Rd., Newton MTG: $1,198,800 from Wells Fargo Bank NOTES: Single-family Colonial, const. 1920; house size is 3,550 sf, lot size is 8,025 sf; four bdrms. and 4.5 baths; last sold for $850,000 in May 2013; Declaration of Homestead BUYER: Vijay Parthasarathy & Ranjini Santhanam SELLER: Donna M. Kozin and Marc D. Kozin PRICE/ADD: $1,384,000; 40 Robinson Rd., Lexington MTG: $400,000 from Mortgage Master NOTES: Single-family Colonial, const. 1995; house size is 5,050 sf, lot size is one acre; five bdrms. and five baths; last sold for $785,000 in May 1997; Declaration of Homestead MTG: $1,270,000 from Boston Private B&T Co. ADD: 50 Beresford Rd., Brookline BWR: Lisa M. Franks BUYER: Fengxia Pattinson and Nigel Pattinson SELLER: Adam C. Parker and Kristen S. Parker PRICE/ADD: $1,181,000; 118 Lowell St., Lexington NOTES: Single-family Colonial, const. 2003; house size is 3,975 sf, lot size is 18,725 sf; four bdrms. and 2.5 baths; last sold for $975,000 in June 2010; Declaration of Homestead BUYER: Christianne Hathaway & Steven Hathaway SELLER: Jacqueline Sonnabend PRICE/ADD: $1,175,000; 74 Bullard St., Sherborn MTG: $940,000 from Guaranteed Rate NOTES: Single-family Colonial, const.1998; house size is 5,825 sf, lot size is 12.7 acres; five bdrms. and five baths; last sold for $1,500,000 in Sept. 2005; Declaration of Homestead MTG: $1,136,000 from The Village Bank ADD: 9 Edgewater Dr., Wellesley BWR: Hemant R. Modi and Nidhi J. Modi MTG: $1,125,000 from RBS Citizens ADD: 11 Hutchinson Rd., Winchester BWR: Vincent Jungels and Anne Isabelle Jungels
JPMorgan Chase Bank has delivered $1,100,000 in jumbo mortgage financing to Brian J. Foley and Jamie Foley, funds used to acquire 28 Hickory Rd. in Wellesley from Andrew M. Wertkin and Sarah Wertkin for $1,430,000. The four-year-old Colonial that features 3,375 sf containing four bedrooms plus 4.5 baths last traded for $1,360,000 in June 2011.
BUYER: Warren Mather and Nancy Selvage SELLER: Malcolm L. Davidson PRICE/ADD: $1,100,000; 109 Conant Rd., Lincoln NOTES: Single-family, constructed 1962; house size is 3,500 sf, lot size is 2,2 acres; five bdrms and three baths; sellers family history dates to Jan. 1998 BUYER: Clark E. Smith and Heidi Smith SELLER: Brian P. Lindauer and Sarah Lindauer PRICE/ADD: $1,055,000; 11 Ridgeway Ter., Needham MTG: $844,000 from Bank of America NOTES: Single-family, constructed 1941; house size is 2,200 sf, lot size is 13,500 sf; four bedrooms and 2.5 baths; last sold for $785,000 in Jan. 2008; Declaration of Homestead BUYER: Gudrun R. Seward SELLER: Anne M. Sullivan PRICE/ADD: $1,035,000; 19 Hancock St., U-2, Boston NOTES: Unit in low-rise condominium; unit size is 1,125 sf; two bedrooms and one bath; unit last sold for $800,000 in Aug. 2006; Declaration of Homestead BUYER: David Wishon and Tracy M.K. Wishon SELLER: Sonia Vallianos PRICE/ADD: $1,000,000; 15 Walker St., Somerville MTG: $92,400 from Webster Five Cents Savings Bank and $739,200 from Leader Bank NOTES: Two-family Victorian, const. 1920; building size is 3,250 sf, lot size is 3,925 sf; seven bdrms. and three baths; building last sold for $79,900 in Aug. 1980; Declaration of Homestead
J U LY 1 1 T H MTG: $6,300,000 from UCF I Trust 1 ADD: 30C Rockport Rd., U-30C, Gloucester BWR: Edward P. Champy III BUYER: Cheri Pereira and Robert Pereira II SELLER: TVB Realty LLC, mgd. by Joseph DeVito PRICE/ADD: $3,900,000; 19 Pembroke Rd., Wellesley MTG: $2,925,000 from BNY Mellon NOTES: Single-family Colonial, constructed 2010; house size is 14,250 sf, lot size is 37,900 sf; seven bedrooms and 8.5 baths; last sold for $1,309,000 in June 2005 BUYER: Abigail D. Larson and Tait E. Larson SELLER: J. Christopher Clifford & A. Keena Clifford PRICE/ADD: $2,800,000; 97 Lincoln Rd., Wayland NOTES: Single-family Colonial, const. 2004; house size is 6,100 sf, lot size is 6.5 acres; five bdrms. and 5.5 baths; last sold for $851,000 in June 2003; Declaration of Homestead BUYER: Sofia Gertsberg and Michael Klepikov SELLER: Hooker Talcott and Jane M. Talcott PRICE/ADD: $2,585,000; 420 Warren St., Brookline MTG: $1,900,000 from Cambridge Trust Co. NOTES: Single-family Colonial, const. 1925; house size is 4,750 sf, lot size is 30,025 sf; six bdrms. and 3.5 baths; last sold for $102,626 in Sept. 1971; Declaration of Homestead continued on page 20
THE REAL REPORTER
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July 31, 2014
Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 19 MTG: $1,846,199 from First Republic Bank ADD: 120 Irving Ave., Barnstable BWR: Robert Scalea MTG: $1,716,000 from Bank of America ADD: 9 Fowler Ave., Edgartown BWR: Thomas J. Filomeno and Brian Purdy MTG: $242,500 and $1,700,000 from East Cambridge Savings Bank ADD: 8 Paige St., Hingham NOTES: Kelly Carey and Thomas Carey BUYER: Ellen Lindgren and Eric R. Lindgren SELLER: Julie K. Willis and Robert J. Willis PRICE/ADD: $1,670,000; 6 Minuteman Rd., Medfield MTG: $1,000,000 from EverBank NOTES: Single-family Colonial, const. 2004; house size is 5,400 sf, lot size is 1.2 acres; five bdrms. and 4.5 baths; last sold for $1,200,00 in May 2004; Declaration of Homestead BUYER: Ji Su Jeong and Hye Sun No Jeong SELLER: Sunghyun H. Kim and Eunice Lee PRICE/ADD: $1,550,000; 4 Placid Rd., Newton NOTES: Single-family Colonial, const. 2005; house size is 3,300 sf, lot size is 11,650 sf; six bdrms. and 3.5 baths; last sold for $1,340,000 in June 2005; Declaration of Homestead BUYER: Mary D. McDonald SELLER: Sara M. Bass PRICE/ADD: $1,500,000; 7-17 Frost St., U-15, Cambridge NOTES: Unit in low-rise condo; unit size is 2,675 sf; three bdrms. and three baths; unit last sold for $407,000 in Dec. 1991; Declaration of Homestead BUYER: David Geoffrey Underwood and Dorinda Danforth Underwood SELLER: Jill M. Callahan and Larry E. Rowland PRICE/ADD: $1,500,017; 17 Maple Ave., U-1, Cambridge MTG: $1,178,400 from Leader Bank NOTES: Unit in low-rise condominium; unit size is 2,325 sf; four bedrooms and 3.5 baths; unit last sold for $925,000 in Sept. 2009; Declaration of Homestead BUYER: Walter M. Pile SELLER: Nora Tiffany PRICE/ADD: $1,495,000; 100 Chestnut St., U-1, Boston MTG: $1,196,000 from BNY Mellon NOTES: Unit in low-rise condominium; unit size is 1,375 sf; two bedrooms and two baths; unit last sold for $190,100 in May 1982; Declaration of Homestead
Eastern Bank financing of $800,000 has facilitated the $1,000,000 purchase of 22 Amberwood Dr. in Winchester by Frederick D. Bagley, Paula J. Bagley, Christoph B. Schadinger and Kathryn G. Schadinger from Adele Traniello and Anthony Traniello Jr. The 5,400-sf, six-bedroom Colonial that turns 40 this year had not changed hands since its $173,000 sale in Dec. 1983.
BUYER: John R. B. Chapin and Mary D. Chapin SELLER: Barbara E. Schmitt PRICE/ADD: $1,485,000; 33 High View Dr., Hingham MTG: $417,000 from Cambridge Mortgage Group NOTES: Single-family Colonial, const. 1959; house size is 3,050 sf, lot size is 13,500 sf; four bdrms. and 2.5 baths; last sold for $275,000 in Nov. 1997; Declaration of Homestead BUYER: Erin M. O’Brien and Christian Treiber SELLER: Ralph Stello Jr. PRICE/ADD: $1,450,000; 74 Mill Pond Rd., Chatham MTG: $72,500 and $1,087,500 from Cape Cod Five Cents Savings Bank NOTES: Pair of single-family properties; first property a Cape, constructed 1940; house size is 1,625 sf, lot size is 13,325 sf; three bedrooms and one bath; second house a Cape, constructed 1952; house size is 900 sf; two bedrooms and one bath BUYER: Partha Chakrabarti & Swapna Chakrabarti SELLER: Fang Yuan PRICE/ADD: $1,420,000; 496 Lowell St., Lexington MTG: $1,136,000 from Citibank NOTES: Single-family Colonial, const. 2014; house size is 4,800 sf, lot size is 28,325 sf; four bdrms. and four baths; last sold for $480,000 in Feb. 2013; Declaration of Homestead BUYER: Linda Plate Guy & Timothy Davidson Guy SELLER: Jill Goodman and Murray J. Goodman
PRICE/ADD: $1,395,000; 25 Stramski Way, Marblehead MTG: $350,000 from RBS Citizens NOTES: Single-family Colonial, const. 1938; house size is 3,600 sf, lot size is 40,950 sf; five bdrms. and 3.5 baths; sellers’ ownership in property dates to May 1979; Declaration of Homestead BUYER: Elliot Goldberg and Sheryl Katzman SELLER: Heather Black Ganitsky PRICE/ADD: $1,219,000; 35 Ellison Rd., Newton MTG: $975,000 from JPMorgan Chase Bank NOTES: Single-family Colonial, const. 1930; house size is 2,875 sf, lot size is 8,075 sf; four bdrms. and 3.5 baths; last sold for $950,000 in Jan. 2010 BUYER: Brendon Donnellan & Christa Donnellan SELLER: Carol Stoner and Howard Stoner PRICE/ADD: $1,170,000; 857 Concord Rd., Sudbury MTG: $936,000 from Patriot Community Bank NOTES: Single-family Colonial, const. 1989; house size is 6,225 sf, lot size is 6.4 acres; four bedrooms and five baths; last sold for $850,000 in Aug. 1989; Declaration of Homestead BUYER: Kathleen Vitale and Michael Vitale SELLER: Diana Jo Cobb PRICE/ADD: $1,155,000; 14 Rouse Rd., Gloucester NOTES: Single-family Colonial, constructed 1985; house sizes is 2,350 sf, lot size is 1.5 acres; four bedrooms and three baths continued on page 21
THE REAL REPORTER
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 20 BUYER: Patrick D. Loustau SELLER: Jack K. Dreyer and Nona B. Dreyer PRICE/ADD: $1,139,000; 33 Moon Hill Rd., Lexington MTG: $911,200 from Winchester CoOperative Bank NOTES: Single-family, const. 1949; house size is 2,600 sf, lot size is 27,000 sf; four bedrooms and three baths; last sold for $225,000 in June 1983; Declaration of Homestead BUYER: Joshua V. Teeter SELLER: Beverly Hoffman Shire & Robert Shire PRICE/ADD: $1,135,000; 106 Windsor Rd., Needham MTG: $908,000 from Cambridge Savings Bank NOTES: Single-family Contemporary, const. 1968; house size is 3,500 sf, lot size is 1.4 acres; four bedrooms and 3.5 baths; last sold for $447,500 in July 1991; Declaration of Homestead MTG: $1,100,000 from Chelsea Bank ADD: 53 Madison St., Malden BWR: Richard Badolato and Richard Kolinsky BUYER: Adriana Zeman and Jason Zeman SELLER: Trask Inc., managed by Benjamin T. Stevens, president and treasurer PRICE/ADD: $1,065,000; 6 Hunters Ln., Natick MTG: $690,000 from Leader Bank NOTES: Single-family, const. 2013; house size is 3,700 sf, lot size is 16,550 sf; four bedrooms and four baths; Declaration of Homestead MTG: $1,060,000 from Winter Hill Bank ADD: 55-65 Lincoln St., Newton BWR: Demitrios M. Mallios BUYER: David M. Foss SELLER: Michael J. Courtney PRICE/ADD: $1,004,500; 322 Dorchester St., Boston MTG: $834,700 from East Boston Savings Bank NOTES: Three-family property, constructed 1905; building size is 3,525 sf, lot size is 2,125 sf; last sold for $650,000 in June 2014 MTG: $1,000,000 from Massachusetts Growth Capital Corp. ADD: 294 South Main St., Andover BWR: Frank Loconte BUYER: Richard J. MacDonald and Tamara C. MacDonald SELLER: Kathleen Sutton and Michael Sutton PRICE/ADD: $1,000,000; 1 Sherman Way, Hingham MTG: $800,000 from Harbor One Bank NOTES: Single-family Colonial, constructed 1999; house size is 3,125 sf, lot size is 8,025 sf; four bedrooms and 2.5 baths; last sold for $725,000 in Sept. 2003; Declaration of Homestead
A feisty single-family Cape at 47 Cottage St. has yielded $1,019,000 in its trade to David Morris and Gena Peditto from Kelly Salvatore and Mark Salvatore, the first time in a quartet of sales since 1985 cresting seven figures for the modest 1,800-sf residence that dates to 1950. The Salvatores had paid $860,000 in Oct. 2011 on the three-bedroom, two-bath property that was secured by its new owners via a $764,250 loan from Mortgage Master.
J U LY 1 0 T H BUYER: Yingzi Wang and Yuanjian Ye SELLER: Robert S. Burge PRICE/ADD: $1,769,000; 7 Peachtree Rd., Lexington NOTES: Single-family Colonial, const. 2013; house size is 5,050 sf, lot size is 16,125 sf; five bdrms. and five baths; last sold for $600,000 in June 2013; Declaration of Homestead BUYER: Brian Zilla and Trina B. Zilla SELLER: Bono Yvertes and Nancy Walter Yvertes PRICE/ADD: $1,690,000; 11 Falmouth Rd., Wellesley NOTES: Single-family Colonial, const. 1962; house size is 3,950 sf, lot size is 33,950 sf; four bdrms. and 3.5 baths; last sold for $1,100,000 in Feb. 1999 BUYER: Sean E. Murphy SELLER: Ann Bassett and Laurie J. Hall, personal representatives estate of Rosalie C. Bassett a/k/a Rosalie Crimmins Bassett PRICE/ADD: $1,625,000; 78 Peases Point Way, Edgartown NOTES: Single-family property, constructed 1969; house size is 1,750 sf, lot size is 6,975 sf; four bedrooms and three baths BUYER: Todd Brady and Andrea Darling SELLER: Cecile F. Carr and John M. Carr and PRICE/ADD: $1,425,000; 211 Cross St., Carlisle MTG: $1,140,000 from Mortgage Master NOTES: Single-family Colonial, constructed 2006; house size is 5,650 sf, lot size is 1.9 acres; four bedrooms, three bathrooms and two half-baths; last sold for $1,330,000 in June 2007; Declaration of Homestead
BUYER: David Hissong and Minta Hissong SELLER: Janet C. Hajj and Jihad J. Hajj PRICE/ADD: $1,388,000; 30 Vine Brook Rd., Medfield MTG: $100,000 and $600,000 from RBS Citizens NOTES: Single-family Colonial, const. 2000; house size is 5,650 sf, lot size is 40,500 sf; five bdrms. and four baths; last sold for $1,175,000 in July 2005; Declaration of Homestead BUYER: Denise Hunt Cara & Jose Francisco Cara SELLER: Catherine C. Feinberg PRICE/ADD: $1,265,000; 30 Pleasant St., Nantucket MTG: $1,012,000 from Cape Cod Five Cents Savings Bank NOTES: Single-family, const. 1923; house size is 1,400 sf, lot size is 2,475 sf; four bdrms. and two baths; last sold for $800,000 in Jan. 2002 BUYER: Benjamin Blaisdell and Lacey Blaisdell SELLER: Melissa K. Campbell PRICE/ADD: $1,150,000; 7 Westledge Rd., Marblehead MTG: $920,000 from NE Moves Mortgages NOTES: Single-family Colonial, constructed 1997; house size is 3,925 sf, lot size is 10,025 sf; five bedrooms and 3.5 baths; last sold for $950,000 in Aug. 2002 BUYER: Ann Deka and Samantha Deka SELLER: Project 23 LLC, mgd. by Damien DePeter PRICE/ADD: $1,415,000; 23 Laurel Hill Ln., Winchester MTG: $1,132,000 from Citibank continued on page 22
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Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 21 NOTES: Single-family Colonial, constructed 2014; house size is 3,600 sf, lot size is 12,625 sf; four bedrooms and four baths; last sold for $502,000 in Apr. 2013; Declaration of Homestead BUYER: Robert Finberg and Joyce Fingeroth SELLER: Linda Jean Dwyer PRICE/ADD: $1,100,000; 259 Crawford St., Northborough MTG: $880,000 from Wells Fargo Bank NOTES: Single-family Cape Cod, constructed 2003; house size is 3,650 sf, lot size is 5.3 acres; four bedrooms and four baths; sellers family ownership dates to July 1997 BUYER: Oakcrest Builders LLC SELLER: Doreen Leskowitz and Eric Leskowitz PRICE/ADD: $670,000; 23 Tolman St., Needham MTG: $1,052,500 from Dedham Institution for Savings NOTES: Single-family, constructed 1958; house size is 1,300 sf, lot size is 12,200 sf; three bedrooms and 1.5 baths; last sold for $150,000 in Dec. 1984 BUYER: Kevin M. Egan and Stefanie B. Egan SELLER: Lindsay Alice Boswell and Matthew James Acton Davis PRICE/ADD: $1,050,000; 14 Swift St., West Falmouth MTG: $450,000 from Cape Cod Five Cents SB NOTES: Single-family, constructed 1875; house size is 1,425 sf, lot size is 8,150 sf; four bedrooms, one bathroom and two half-baths; last sold for $925,000 in May 2008 MTG: $1,000,000 from Santander Bank ADD: 16 Webster Ln., Wayland BWR: Carl B. Heilman and Carolyn K. Heilman
J U LY 9 T H MTG: $5,300,000 from Northern Trust Co. ADD: 30 South Water St., Edgartown BWR: Russell Oasis BUYER: Gene Tremblay and Susan Tremblay SELLER: Carol Lee Adams and William Adams PRICE/ADD: $4,300,000; 405 Ocean Ave., Marblehead NOTES: Single-family, constructed 1880; house size is 6,300 sf, lot size is 1.8 acres; five bedrooms and six baths; last sold for $1,517,500 in Oct. 1991; Declaration of Homestead
Forty Robinson Rd. in Lexington has brought in $1,384,000 for Donna M. Kozin and Marc D. Kozin via their sale of the 19-year-old Colonial to Vijay Parthasarathy and Ranjini Santhanam, who were financed with $400,000 from Mortgage Master. The 5,050-sf, five-bedroom home set on a tree-shrouded acre had been owned by the Kozins since paying $785,000 in May 1997.
PRICE/ADD: $1,850,000; 2 Battery Wharf, U-2502, Boston MTG: $1,387,500 from First Republic Bank NOTES: Unit in high-rise condominium; unit size is 1,625 sf; two bedrooms and 2.5 baths; unit last sold for $1,350,000 in June 2008
PRICE/ADD: $1,299,000; 72 Laurel Dr., Needham MTG: $999,000 from Bank of America NOTES: Single-family Colonial, const. 2014; house size is 4,400 sf, lot size is 9,000 sf; five bdrms. and 4.5 baths; last sold for $485,000 in Sept. 2013; Declaration of Homestead
BUYER: Ekaterina Mamulashvili SELLER: Daniela Minichiello PRICE/ADD: $1,590,000; 110 Stuart St., U-25C, Boston MTG: $1,272,000 from Boston Private B&T Co. NOTES: Unit in high-rise condo; unit size is 1,275 sf; two bdrms and two baths; unit last sold for $1,448,000 in Dec. 2011; Declaration of Homestead
BUYER: Jean Pascal Coutier and Sylvia Coustols Coutier SELLER: Saul B. Cohen PRICE/ADD: $1,249,000; 21 Milford St., U-3, Boston MTG: $749,400 from Hingham Institution for Savings NOTES: Unit in low-rise condominium; unit size is 1,30 sf; two bedrooms and 1.5 baths; unit last sold for $1,150,000 in Oct. 2013; Declaration of Homestead
BUYER: Brian J. Foley and Jamie Foley SELLER: Andrew Wertkin and Sarah Wertkin PRICE/ADD: $1,430,000; 28 Hickory Rd., Wellesley MTG: $1,100,000 from JPMorgan Chase Bank NOTES: Single-family Colonial, const. 2010; house size is 3,375 sf, lot size is 10,475 sf; four bdrms. and 4.5 baths; last sold for $1,360,000 in June 2011; Declaration of Homestead
MTG: $2,250,000 from Berkshire Bank ADD: 63-63R Summer St., Cohasset BWR: Joseph P. Mahoney and Shelly Mahoney
BUYER: Jimmy P. James Jr. SELLER: Landis Becker PRICE/ADD: $1,345,875; 97 Ash St., Weston MTG: $1,076,700 from Leader Bank NOTES: Single-family Contemporary, const. 1953; house size is 5,100 sf, lot size is 42,250 sf; four bdrms. and four baths; last sold for $1,170,000 in Feb. 2004; Declaration of Homestead
BUYER: Jamie Bozzo SELLER: Annick Nivaud and Francois Nivaud
BUYER: Jason E. Frank and Zeliha T. Frank SELLER: AMB LLC, mgd. by Anthony Borrelli
BUYER: Nancy Gossling SELLER: Michael E. Rabinovitz PRICE/ADD: $1,200,000; 10 Rogers St., U-521, Cambridge NOTES: Unit in high-rise condo; unit size is 1,625 sf; three bdrms. and two baths; unit last sold for $350,000 in Apr. 1989; Declaration of Homestead BUYER: Christopher C. Thompson and Khristy J. Thompson SELLER: Deborah Robbins and Joseph Robbins PRICE/ADD: $1,195,000; 50 Windsor Rd., Needham MTG: $836,500 from RBS Citizens NOTES: Single-family Contemporary, constructed 1966; house size is 4,300 sf, lot size is 1.4 acres; five bedrooms and 3.5 baths; last sold for $1,130,000 in Apr. 2011; Declaration of Homestead continued on page 23
THE REAL REPORTER
July 31, 2014
23
Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 22 BUYER: Eliza T. Cutrell and Matthew C. Cutrell SELLER: Arthur McGuire & Katherine McGuire PRICE/ADD: $1,194,500; 34 Westbrook Ln., Westwood MTG: $800,000 from Bank of America NOTES: Single-family Cape, const. 1985; house sizes is 4,375 sf, lot size is 3.4 acres; five bdrms., and five baths; last sold for $770,000 in Mar. 2006; Declaration of Homestead
MTG: $1,160,000 from Metro Credit Union ADD: 16 Elm St., Wellesley BWR: Lisa S. Wieland and Mark C. Wieland BUYER: Ayodele Adeboye & Oyeyimika Adeboye SELLER: Carolina Mujica, a/k/a Carolina Guzman PRICE/ADD: $1,135,000; 20 Whispering Ln., Natick MTG: $624,000 from Washington Trust Mortgage Co. NOTES: Single-family Colonial, constructed 2005; house size is 5,400 sf, lot size is 1.2 acres; four bedrooms and six baths; last sold for $1,038,500 in Oct. 2005 BUYER: Shruti Bansal and Atma D. Kanojia SELLER: Laura Monahon English, Hilary Monahon Estey, Catherine Monahon, Gregory Monahon, John M. Monahon and Philip C. Monahon PRICE/ADD: $1,100,000; 5 Chester St., Newton MTG: $825,000 from MSA Mortgage NOTES: Single-family Victorian, const. 1892; house size is 3,425 sf, lot size is 10,825 sf; four bdrms. and 2.5 baths; sellers family ownership dates to Jan. 1987; Declaration of Homestead BUYER: David A. Morris and Gena M. Peditto SELLER: Kelly Salvatore and Mark Salvatore PRICE/ADD: $1,019,000; 47 Cottage St. MTG: $764,250 from Mortgage Master NOTES: Single-family Cape, const. 1950; house size is 1,800 sf, lot size is 12,200 sf; three bdrms. and two baths; last sold for $860,000 in Oct. 2011; Declaration of Homestead
J U LY 8 T H BUYER: Rebecca Fair and Stephen Fair SELLER: Lee-Ann Healy and Phillip Healy PRICE/ADD: $2,937,500; 52 Hedge Rd., Brookline MTG: $1,909,375 from First Republic Bank
Photo: Derek Szabo
BUYER: George Cuker SELLER: DS One Huntington LLC, managed by Dina Shoman PRICE/ADD: $1,185,000; 1 Huntington Ave., U-504, Boston NOTES: Unit in high-rise condominium; unit size is 1,225 sf; two bedrooms and two baths; unit last sold for $1,100,000 in Sept. 2013 NOTES: Single-family Colonial, const. 1840; house size is 5,525 sf, lot size is 22,225 sf; seven bdrms. and 4.5 baths; last sold for $2,600,000 in Sept. 2009; Declaration of Homestead BUYER: Ilya Rifkin and Lana Rifkin SELLER: 77 Salisbury Road LLC, managed by Sharona Taieb PRICE/ADD: $2,890,000; 77 Salisbury Rd., Brookline NOTES: Single-family, const. 1915; house size is 4,000 sf, lot size is 10,025 sf; four bdrms. and two baths; last sold for $1,200,000 in July 2013 BUYER: David Sheena and Solomon Sheena SELLER: Angela Lehane and Dennis Lehane PRICE/ADD: $2,876,000; 68 Naples Rd., Brookline MTG: $1,500,000 from JPMorgan Chase Bank NOTES: Single-family Victorian, constructed 2011; house size is 4,675 sf, lot size is 5,650 sf; seven bedrooms and 6.5 baths; last sold for $2,479,000 in Aug. 2011 BUYER: James M. Sutton and Leigh Weaver SELLER: Joseph M. Lawler PRICE/ADD: $2,250,000; 10 Sheffield West, Winchester NOTES: Single-family Colonial, const. 2014; house size is 5,875 sf, lot size is 10,075 sf; five bedrooms, four bathrooms and two half-baths BUYER: Joseph Blitzstein and Tze Lei Poo SELLER: Richard Winickoff and Susan Winickoff PRICE/ADD: $2,200,000; 9 Hurlbut St., Cambridge MTG: $335,700 from President and Fellow of Harvard College and $860,000 from Leader Bank NOTES: Single-family Victorian, const. 1885; house size is 3,075 sf, lot size is 4,325 sf; three bdrms. and two bathrooms; last sold for $504,250 in Feb. 1993; Declaration of Homestead
BUYER: Janice Norton SELLER: Anne Boynton and Martin Halper PRICE/ADD: $2,198,200; 308 Starboard Ln., Barnstable NOTES: Single-family, const. 2001; house size is 3,900 sf, lot size is 2.8 acres; four bdrms. and 4.5 baths; last sold for $665,000 in June 1995 BUYER: WF Beantown Trust SELLER: Rita McCauley and Michael Mooney PRICE/ADD: $1,870,000; 180 Beacon St., U-5-G, Boston NOTES: Unit in high-rise condominium; unit size is 2,225 sf; two bedrooms and 2.5 baths; Declaration of Homestead BUYER: Susan W. Whitman SELLER: Toni K. Brooks PRICE/ADD: $1,649,000; 84 Sagamore Rd., Wellesley NOTES: Single-family Colonial, const. 1975; house size is 3,700 sf, lot size is 20,025 sf; five bdrms. and 3.5 baths; last sold for $270,000 in May 1987; Declaration of Homestead BUYER: Sathish Gobichettypalayam SELLER: George Kazazian PRICE/ADD: $1,500,000; 119 Concord Ave., Lexington MTG: $74,850 and $1,200,000 from TD Bank NOTES: Single-family Colonial, const. 2000; house size is 4,850 sf, lot size is 1.1 acres; five bedrooms and six baths; sellers family ownership dates to 1978; Declaration of Homestead BUYER: Jeffrey F. Uller and Kelly M. Uller SELLER: Susan W. Whitman PRICE/ADD: $1,400,000; 3 Wildon Rd., Wellesley continued on page 24
THE REAL REPORTER
24
July 31, 2014
Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 23 MTG: $70,000 and $1,120,000 from Bank of America NOTES: Single-family Colonial, const. 1940; house size is 2,850 sf, lot size is 12,000 sf; five bdrms. and three baths; last sold for $1,159,000 in July 2010; Declaration of Homestead
BUYER: Colleen Tartow and Randall Tartow SELLER: Amy Villeneuve and Pierre Villeneuve PRICE/ADD: $1,274,200; 11 Manomet Rd., Winchester NOTES: Single-family Colonial, const. 1999; house size is 3,575 sf, lot size is 10,025 sf; four bdrms. and three baths; last sold for $645,000 in Feb. 2000; Declaration of Homestead BUYER: Emma Harding and Thomas Harding SELLER: Robert S. Burge PRICE/ADD: $1,199,000; 41 Woburn St., Lexington MTG: $699,000 from Wells Fargo Bank NOTES: Single-family Colonial, const. 2014; house size is 3,075 sf, lot size is 5,225 sf; five bdrms. and five baths; last sold for $475,000 in Aug. 2013; Declaration of Homestead BUYER: Glenys Harley and William Harley SELLER: Christopher Huckstepp & Wendy Huckstepp PRICE/ADD: $1,100,000; 3 Maple Rd., Weston NOTES: Single-family Colonial, const. 1702; house size is 3,250 sf, lot size is 31,800 sf; four bdrms. and 2.5 baths; last sold for $860,000 in Aug. 2001 BUYER: Carmine Greco and Kathleen Young SELLER: Ann D. Iandoli PRICE/ADD: $1,100,000; 279 Sea Pines Dr., U-B16, Brewster MTG: $170,000 and $600,000 from Cape Cod Five Cents Savings Bank NOTES: Unit in low-rise condominium; unit size is 1,575 sf; two bedrooms and two baths; sellers family ownership dates to June 1979 BUYER: Steven S. Lee and Angela Wang SELLER: Judy Bucklen PRICE/ADD: $1,037,500; 1 Bird Place, West Roxbury NOTES: Single-family Colonial, const. 2002; house size is 3,500 sf, lot size is 9,400 sf; four bdrms. and 2.5 baths; last sold for $645,000 in Nov. 2002; Declaration of Homestead
Photo: Derek Szabo
BUYER: Consigli Real Estate Holding LLC, managed by Andrew P. Consigli SELLER: Richard S. Kirk Jr. PRICE/ADD: $1,275,000; 37 Livermore Rd., Wellesley MTG: $1,590,000 from People’s United Bank NOTES: Single-family Colonial, constructed 1910; house size is 2,825 sf, lot size is 15,900 sf; six bedrooms and 2.5 baths
BUYER: Susan Gruber and Daniel E. Rose SELLER: Javier Barrientos and Dean J. Ventola PRICE/ADD: $1,046,000; 85 Putnam Ave., U-2, Cambridge NOTES: Unit in low-rise condominium; unit size is 1,975 sf; three bedrooms and 3.5 baths; unit last sold for $751,000 in July 2011; Declaration of Homestead BUYER: John Jaddou and Samantha Jaddou SELLER: Jan Louise Powell & Robert James Powell PRICE/ADD: $1,028,888; 560 Old Marlboro Rd., Concord MTG: $417,000 from Farmers Bank & Trust NOTES: Single-family Colonial, const. 1941; house size is 3,725 sf, lot size is 2.5 acres; four bdrms. and 3.5 baths; last sold for $888,000 in Sept. 2007; Declaration of Homestead MTG: $1,020,216 from Cape Cod Five Cents Savings Bank ADD: 186 Head of Pond Rd., Tisbury BWR: Constance Hastings and Edwin Hastings
J U LY 7 T H BUYER: Marcia Halfin and Christopher Laine SELLER: Ciara Francis and Richard Francis PRICE/ADD: $3,020,000; 206 Buckminster Rd., Brookline MTG: $1,150,000 from Berkshire Bank NOTES: Single-family Colonial, const. 1900; house size is 4,900 sf, lot size is 26,575 sf; five bdrms. and 4.5 baths; last sold for $2,675,000 in June 2012; Declaration of Homestead MTG: $2,500,000 from First Republic Bank ADD: 232 Lincoln Rd., Lincoln BWR: Benjamin Svenson NOTES: Declaration of Homestead
BUYER: Robert J. Pagano Jr. SELLER: ALIM US AG, President Donald Brown PRICE/ADD: $2,250,000; 3 Battery Wharf, U-3510, Boston MTG: $1,125,000 from MSA Mortgage NOTES: Unit in mid-rise condominium; unit size is 1,575 sf; two bedrooms and two baths; unit last sold for $2,245,000 in Aug. 2008; Declaration of Homestead BUYER: Julie H. Jones and Mark K. Jones SELLER: David M. Ford and Tammy M. Ford PRICE/ADD: $2,162,500; 105 Pond Rd., West Tisbury MTG: $1,730,000 from Citibank NOTES: Single-family Colonial, const. 2002; house size is 3,875 sf, lot size is 1.3 acres; six bdrms. and eight baths; last sold for $2,045,000 in Oct. 2004 MTG: $2,100,000 from Citibank ADD: 44 Beach St., Cohasset BWR: Paul M. Ognibene and Jennifer E. Sayer BUYER: Aditya Kaza and Elisabeth Kaza SELLER: CMJO Development LLC, managed by Cyril McArdle and John Joseph O’Neill PRICE/ADD: $1,900,000; 604 Newton St., Brookline MTG: $100,000 from CHMC Cardiovascular Surgical Foundation and $1,000,000 from First Republic Bank NOTES: Single-family Colonial, const. 2014; house size is 5,025 sf, lot size is 16,550 sf; five bdrms. and four baths; last sold for $689,000 in Apr. 2013; Declaration of Homestead MTG: $1,800,000 from Reading Cooperative Bank ADD: 131-133 Atlantic Rd., Gloucester BWR: Thomas Burger and Andree Robert continued on page 25
THE REAL REPORTER
July 31, 2014
25
Residential Deals MILLION DOLLAR MORTGAGES/SALES JULY 7 - JULY 18, 2014 continued from page 24 BUYER: Maria Kogan and Joshua Paradise SELLER: Elisabeth Thresher Scharlack and Ronald S. Shcarlack PRICE/ADD: $1,745,000; 121 Colbourne Crescent, Brookline MTG: $470,350 from Quicken Loans NOTES: Two-family property, const. 1900; bldg. size is 4,750 sf, lot size is 9,900 sf; sellers family ownership dates to Dec. 1974; Declaration of Homestead
BUYER: Curve Street LLC, mgd. by Dainius Kuper SELLER: Frank A. Dorlando PRICE/ADD: $650,000; 27 Curve St., Needham MTG: $1,520,000 from The Village Bank NOTES: Single-family, const. 2014; house size is 4,000 sf, lot size is 16,125 sf; four bdrms. and 4.5 baths; last sold for $55,000 in Dec. 1976 BUYER: KyungAh Im and Brian Park SELLER: Garret Federow a/k/a Garrett Federow and Sara Federow f/k/a Sara Walters PRICE/ADD: $1,335,000; 35 Peacedale Rd., Needham MTG: $918,000 from Leader Bank NOTES: Single-family Colonial, constructed 2010; house size is 3,600 sf, lot size is 10,025 sf; four bedrooms and four baths; last sold for $420,000 in Mar. 2004; Declaration of Homestead BUYER: Alan D. Pisano and Kristin K. Pisano SELLER: Linda L. Hsu and Charles C. Pao PRICE/ADD: $1,317,000; 112 Brookline St., Needham MTG: $700,000 from Wells Fargo Bank NOTES: Single-family Colonial, const. 2008; house size is 3,800 sf, lot size is 11,775 sf; four bdrms. and 2.5 baths; last sold for $1,175,000 in Oct. 2008; Declaration of Homestead BUYER: Patrick Downie and Stella Downie SELLER: Livingston Parsons III & Mandeliene Smith PRICE/ADD: $1,290,000; 63 Columbus Ave., Somerville MTG: $1,032,000 from East Cambridge SB NOTES: Three-family Victorian, const. 1880; bldg. size is 3,700 sf, lot size is 6,100 sf; last sold for $638,000 in Apr. 2001; Declaration of Homestead BUYER: Guy VanMeter and Leah VanMeter SELLER: Barbara Ann Martino & Michael A. Martino
Photo: Derek Szabo
BUYER: Arathi Reddy SELLER: Andrew H. Bomes and Jane Bomes PRICE/ADD: $1,650,000; 64 Chesterton Rd., Wellesley NOTES: Single-family Colonial, constructed 1949, renovated 2005; house size is 4,475 sf, lot size is 10,025 sf; five bedrooms and four baths; last sold for $750,000 in Oct. 2004 PRICE/ADD: $1,199,900; 6 Preservation Way, Medfield MTG: $959,920 from Radius Financial Group NOTES: Single-family, const. 1995; house size is 4,475 sf, lot size is three acres; five bdrms. and 5.5 baths; last sold for $1,197,500 in July 2010 MTG: $1,084,500 from TD Bank ADD: 11 Twillingate Ln., Sudbury BWR: Pamela J. Salkovitz BUYER: Dhruv Bhandary and Sonal Bhandary SELLER: Michael Kolowich & Kirstin Gail Lynde PRICE/ADD: $1,080,000; 36 Hampshire St., Sudbury MTG: $864,000 from Wells Fargo Bank NOTES: Single-family Colonial, const. 1997; house size is 4,350 sf, lot size is1.9 acres; four bdrms. and four baths; last sold for $1,030,000 in Mar. 2012; Declaration of Homestead
Weymouth Plaza continued from page 3
Foods lease that not only runs to 2030, its rent doubles at the end of this decade. Also, nearly 75 percent of the asset’s gross revenues are from national credit tenants in a facility 91 percent leased when first offered for sale. Further potential upside was noted in a 4,000-sf pad site. Meanwhile, CBRE/NE’s retail contingent has plenty else to concentrate on now that the Weymouth mission is finished, including a high-profile listing of the new Wayland Town Center retail plaza in that upscale suburban west enclave. The group has already completed a retail trade in Nashua, NH, and is juggling multiple properties in
BUYER: Evelyn Road LLC, mgd. by Yan Brudnyy SELLER: Diane A. Pruente PRICE/ADD: $1,050,000; 64 Evelyn Rd., Newton NOTES: Single-family Colonial, constructed 1936; house size is 3,150 sf, lot size is 17,425 sf; four bedrooms and four baths; last sold for $505,000 in Nov. 1993 BUYER: Kaveri Jayanna and Dharma Yechuri SELLER: Sharon Homes LLC, mgd. by Dmitri Deych PRICE/ADD: $1,000,000; 150 Norwood St., Sharon MTG: $850,000 from Guaranteed Rate NOTES: Single-family Contemporary, const. 2013; house size is 4,200 sf, lot size is 1.9 acres; four bdrms. and 3.5 baths; Declaration of Homestead MTG: $1,000,000 from RBS Citizens ADD: 66 Berkeley St., Newton BWR: Thomas N. Riley Connecticut and Rhode Island, among them a BJ’s Wholesale Center and in-line space in Wilimantic, CT, and another BJ’s Wholesale unit in Plymouth. Angelone also reports a robust response to a Stop & Shop anchored center in Fairhaven with a Marshall’s and Sports Authority. “It is as good a performing Stop & Shop as you will see inside Route 128,” he relays, and further validates the popularity of retail bearing a food component, as evidenced in another just-completed exchange, that being a 69,000-sf Price Chopper at 50 Cambridge St. in Worcester the CBRE/NE team traded for $16 million to the Federated Cos. from H&R REIT. “We’ll take it,” Angelone says of the YTD results that has the unit on pace to eclipse $1 biln lion by year’s end.
THE REAL REPORTER
26
July 31, 2014
Massachusetts Corporations Organized July 21 - July 25, 2014 Corporation
Address
Nature of Business
Stevens Pond Apartments Property Owner LLC Jay Schulman, manager
Directors/Registered Agents
11766 Wilshire Blvd., Ste. 1500, Los Angeles CA 90025
Real estate investment
WS Chop LLC
Jeremy M. Sclar and Stephen R. Weiner, managers
C/o WS Asset Management at 33 Boylston St., Chestnut Hill MA 02467
Deal in real property
Allston Land Investors LLC
David Grossman, Jacob Grossman & Louis Grossman, mgrs. C/o The Grossman Cos. at 859 Willard St., Ste. 501, Quincy MA 02169
Real estate activities
GCP Second Avenue LLC
Jeffrey Clary, John Curry, Kevin Mast & Joseph Norberg Jr., sigs. C/o Grander Capital Partners at 800 Boylston St., Boston MA 02199
Real estate investment
193 Beacon LLC
Christopher R. Neelon, manager
10 Post Office Sq., Boston MA 02109
Engage in real estate investment
SRH Stony Brook LLC
Kevin R. Brennan, signatory; Scott A. Kanter, resident agent
1215 Chestnut St., Newton MA 02464
Acq., develop, finance, lease, manage & sell RE
NP Mortgage Servicer LLC
Gilbert Winn, signatory
C/o Winn Cos. at 6 Faneuil Hall Marketplace, Boston MA 02109
Acquire interests in promissory notes and RE
DFM Woburn Holdings LLC
Denis P. Dowdle, manager
20 Park Plaza, Ste. 443, Boston MA 02116
Interests in real property
CHP105 Holdings LLC
Eggert Dagbjartsson and Victor J. Paci, signatories
C/o Equity Resource Investments at 1280 Massachusetts Ave., 4th floor, Cambridge MA 02138
Pleasant Shops (Edens) LLC
Jodie W. Mclean, manager
C/o Edens at 1221 Main St., Ste. 1000, Columbia SC 29201
Commercial real estate
34 Forest LLC
Gregory Botsivales, manager
450 Station Ave., South Yarmouth MA 02664
Acq., lease, mortgage, operate & sell real property
193 Beacon LLC
Christopher R. Neelon, manager
10 Post Office Sq., Boston MA 02109
Engage in RE investment
MJC Realty LLC
Thomas J. Morabito, manager
237 North Rd., Sudbury MA 01776
Lease, manage and purchase real estate
Tremont 130 Development LLC
John B. Wise, manager
130 Rumford Ave., Ste. 105, Newton MA 02466
Acquire, develop, lease, mortgage, operate and sell real property
SB Acquisition 2 LLC
Joseph P. Bisognano III, manager
139 Charles St., #296, Boston MA 02114
Deal in real property
Warehouse K LLC
Harvey Beker, Eli Gurock and Isaac Judd, managers
204 Commonwealth Ave., Boston MA 02116
Buy, develop, lease, manage, mortgage and sell real property
SE RSC Fund I LLC
Vika Desai, Sven Kaludzinski and Sujay Parikh, signatories
C/o Sun Edison LLC at 12500 Baltimore Ave., Beltsville MD 20705
Solar energy activities
VTT Greensboro LLC
Vaios Theodorakos, president
C/o VTT Management at 100 Concord St., Framingham MA 01702
Dealing with interests in real estate
CHP105 Holdings LLC
Eggert Dagbjartsson and Victor J. Paci, signatories
C/o Equity Resource Investments at 1280 Massachusetts Ave., 4th floor, Cambridge MA 02138
Invest in real estate
Invest in real estate
Broder Tybee Resort LLC
Dana Nielsen, Benjamin Svenson and Eric Svenson, managers C/o Broder Properties at 38 Newbury St., 3rd floor, Boston MA 02116
Investments, including real property interests
Broder Lazfly Hartford LLC
Dana Nielsen, Benjamin Svenson and Eric Svenson, managers C/o Broder Properties at 38 Newbury St., 3rd floor, Boston MA 02116
Investments, including real property interests
24 Broad Street Realty LLC
Christos Iorio, Edward Iorio III and Genevieve Iorio, mgrs.
141 Campanelli Dr., Braintree MA 02184
Develop, finance, lease, operate & sell real property
Seyon Corner Lot Owner LLC
Michael E. Samuels, manager
333 Newbury St., Boston MA 02115
Deal in real property
100 Everett Realty LLC
Thomas Gilligan, manager
108 Main St., #4, Charlestown MA 02129
Hold title to real property
Boston Real Estate Agency LLC
Shaun Hannafin, manager
43 Saint Botolph St., #4, Boston MA 02116
Real estate agency
319 Athens Street Real Estate LLC
Robert J. Doyle, manager
392 West Broadway, South Boston MA 02127
Dealing with interests in real estate
MRT of Springfield MA 1st Mortgage ACH LLC
Jeffery C. Walraven, signatory
201 Seaboard Ln., Franklin TN 37067
Operate and own real estate
E&B Holdings LLC
Katharine A. Derum, manager
41 Hersey St., Hingham MA 02043
Real estate activities
66 Hereford LLC
John P. Feeney and Giannandrea Verri, managers
37 Winchester St., Boston MA 02116
Deal in real property
Crimson10 LLC
Thomas Mannix, manager
1 Sears Rd., Southborough MA 01772
Interests in real property
Grassroots International Real Estate Inc.
Soya Jung, pres.; David Holmstrom, treas.; Anil Naidoo, clerk C/o Grassroots International at 179 Boylston St., 4th floor, Jamaica Plain MA 02130
Hold title to property and deliver proceeds to Grassroots International Inc., a Massachusetts non-profit organization
Dedham Street Realty Corporation Inc.
Eliot A. Jamgochian and Tracy S. Jamgochian, managers
Real estate
Tudor Cherry Investors II LLC
Alan J. Doyle, manager; Kristin L. Knopf Esq., resident agent Principal office at 1 Richmond Sq., Providence RI 02906; Kristin L. Knopf Esq. c/o Shechtman Halperin Savage LLP c/o Riverside Center, 275 Grove St., Ste. 2-400, Newton MA 02466
Deal with certain real property at 82-84 Sandwich Rd., Bourne MA
330-332 Salem Street LLC
Amy Nedroscik, manager
17 Keene St., Stoneham MA 02180
Real estate acquisition, development, leasing, lending and management
CJM3 LLC
Catherine McDonnell, mgr.; Robert Maloney, res. agent
Principal office at 63 Atlantic Ave., #7E, Boston MA 02110; Robert Maloney Investments, including real property interests c/o Prince Lobel Tye LLP at 100 Cambridge St., Ste. 2200, Boston MA
JEJC LLC
Catherine McDonnell, mgr.; Robert Maloney, res. agent
Principal office at 63 Atlantic Ave., #7E, Boston MA 02110; Robert Maloney Investments, including real property interests c/o Prince Lobel Tye LLP at 100 Cambridge St., Ste. 2200, Boston MA
Emperor Properties LLC
Kenneth J. Kaiser, manager
1 Bridgeview Cir., #15, Tyngsborough MA 01879
Chapel Street Apartments LLC
Thomas E. Parker, manager
111 Railroad Ave., Great Barrington MA 01230
Develop, lease, operate and own real estate
Schiavuzzo Realty LLC
Leo Schiavuzzo, manager
18 Cabral Dr., Middleton MA 01949
Deal in real property
Clark Currier Inn Inc.
Christopher Clifford, pres. and sec.; Alfred Clifford, treas.
45 Green St., Newburyport MA 01950
Bed and breakfast
30 Franklin St., Wrentham MA 02093
Interests in real estate
Adams Street Enterprises LLC
George Lang, manager
288 Grove St., Ste. 128, Braintree MA 02184
Buy, develop, operate and sell real property
6 Hiram Lane LLC
Eileen M. Daley, manager
59 Arborway, Jamaica Plain MA 02130
Develop, finance, lease, manage, own and sell real property
continued on page 27
THE REAL REPORTER
July 31, 2014
27
Massachusetts Corporations Organized July 21 - July 25, 2014 Corporation
Directors/Registered Agents
Address
Nature of Business
12 Hiram Lane LLC
Eileen M. Daley, manager
59 Arborway, Jamaica Plain MA 02130
Develop, finance, lease, manage, own and sell real property
Waverly 1330 Offices LLC
Robert Fournier, manager
1330 West Ave., CU-101, Miami Beach FL 33139
Real estate management and ownership
Newbury Realty Associates LLC
Anthony F. Addonizio and Anthony F. Addonizio II, managers 1200 Salem St., U-119, Lynnfield MA 01940
Dealing with interests in real estate
Connemara Holdings LLC
Amina Roessiger and Claude Roessiger, signatories
Hold real property
12 Post Office Sq., Boston MA 02109
Franklin/Grove LLC
Charles F. Norton Jr., manager
36 W. Washington St., Ste. 390, Wellesley Hills MA 02481
Buy, develop, hold and manage real estate
385 Grove Street LLC
Charles F. Norton Jr., manager
36 W. Washington St., Ste. 390, Wellesley Hills MA 02481
Buy, develop, hold and manage real estate
One Wyo LLC
Paul L. Chabot, manager
63-3 Commercial Wharf, Boston MA 02110
Dealing with interests in real estate
Doran Realty LLC
Denise F. Doran and John S. Doran, managers
395 K St., South Boston MA 02127
Buy, finance, lease, operate and sell RE
423 Commercial Street LLC
Elizabeth M. Barbeau, manager
61 Forest St., Needham MA 02492
Interests in real estate
Ledge Rock Way LLC
James J. Redmond Jr., manager
3 Ledgerock Way, Acton MA 01720
Deal in real property
Arvidson LLC
William Arvidson Jr., mgr.; Philip Eliopoulos, res. agent
Principal office at 6 Gallup Dr., Chelmsford MA 01824; Philip Eliopoulos at 9 North Rd., Chelmsford MA 01824
Architecture, construction and design services
Eleven Carriage Lane LLC
John Shaughnessy, mgr.; Marc Grzeskowiak, sigs.
4 Woodridge Rd., Medfield MA 02052
Manage and own real estate
7 Russell LLC
Rick Vayo, manager; Robert C. Betters, signatories
4 Collins Ave., Plymouth MA 02360
Acquire, finance, lease, manage and sell RE
LT Farm LLC
John G. Myerson and Laura J. Talmud, managers
43 Woodbridge Rd., Wellesley MA 02482
Develop, operate and own real estate
69 Champlain Road LLC
Judith Hoyt Goddard, mgr.; Melanie J. O'Keefe, res. agent
Principal office at 69 Champlain Rd., Chatham MA 02633; Melanie J. O'Keefe at 8 Cardinal Ln., Orleans MA 02653
Lease, manage and own real estate
Southpaw Properties LLC
Samuel P. Ostroff, manager
305 Locust St., Florence MA 01062
Interests in real estate
21-24 Pine Street LLC
Max Horn, manager
751 Main St., Waltham MA 02451
Lease, manage, own and sell real property
JSNM LLC
Stephen Ballas, manager
75 Paul Gore St., Jamaica Plain MA 02130
Develop, finance, lease, manage, purchase and sell real property
Sherman 149 LLC
Jai Singh Khalsa and Steven C. Sack, managers
21 Cummings Park, Ste. 268, Woburn MA 01801
Manage and own interests in real estate
PCS Properties LLC
Philip J. Schneider Jr., manager
64 Musket Rd., Plymouth MA 02360
Dealing with interests in real estate
125 Route 6A Inc.
Denise Dever, president, treasurer and secretary
34 Arnold Rd., Forestdale MA 02644
Buy, develop, lease and sell real estate
Norwell 64 Main LLC
Leah S. Vazza, manager
99 Longwater Cir., Ste. 203, Norwell MA 02061
Deal with real estate
72 Highland LLC
Nilesh Patel, manager
583 Watertown St., Newton MA 02460
Hold real estate
Bristol South Inc.
Russell J. Yule, president, treasurer and secretary
21 Bayberry Rd., Wareham MA 02571
Real estate activities
429 Columbus LLC
Michael Minkoff and Steven J. Silverman, managers; Marc LaCasse, resident agent
Principal office at 10 Hawkes Pl., Brookline MA 02446; Marc LaCasse c/o LaCasse Law at 75 Arlington St., Ste. 500, Boston MA 02116
Acquisition and development of real estate, including conversion to condominiums
High Tide LLC
Harry Ohannesian, manager
288 West St., Milford MA 01757
Real estate
Sixth Street Southie LLC
Gregory St. Pierre, manager
629 Main St., Hingham MA 02043
Buy, develop, finance, lease, manage & sell RE
Distressed Asset Solutions Fund I LLC
Robert Brauchli, manager; Joshua Krefetz, resident agent
Principal office at 3412 Russell St., San Diego CA 92122
Real estate activities
KBR Cape Cod Ltd.; in MA Kenneth Riney, manager; George Cavanaugh, resident agent Principal office at 1199 Lloyds Rd., Little Elm TX 75088; d/b/a KB Riney Cape Cod Limited Partnership MA office at 152 Bradford St., Provincetown MA 02657; George B. Cavanaugh at 161 Cranberry Hwy., Orleans MA 02653
Hold title to real estate
Green Energy Construction Consulting LLC Leonard Biko, manager
304 Baker Dr., Lincoln University PA 19352
Consulting on solar energy installation and related issues
702 Ritz LLC
Jesus F. Simosa, manager; Herbert R. Fineburg, signatory
94 Palm Ave., Miami Beach FL 33139
Lease, manage and own real estate
1091 Boylston Unit 35 LLC
Elliott Topkins, manager; John Patton Esq., resident agent
Principal office at 10 Newbury St., Ste. 400, Boston MA 02116; Operate and own real property John W. Patton Esq. at 150 Grossman Dr., Ste. 405, Braintree MA 02184
87 Gainsborough Unit 6 LLC
Elliott Topkins, manager; John Patton Esq., resident agent
Principal office at 10 Newbury St., Ste. 400, Boston MA 02116; Operate and own real property John W. Patton Esq. at 150 Grossman Dr., Ste. 405, Braintree MA 02184
Grace & Genevieve Realty LLC
Eva Genevieve Chojnacki and Grace Danuta Chojnacki, mgrs. 37 Eagle Dr., Dudley MA 01571
Develop, lease and sell real estate
Green Mountain Property Group LLC
Heather B. Anagnos and James P. Anagnos Jr., managers
254 West Broadway, Unit 2, South Boston MA 02127
Buy, lease and own real estate
Ten Erie Avenue LLC
Allen Reitz and Jane D. Reitz, managers
16 Elm St., Charlestown MA 02129
Acquire, manage and sell real estate
Norton Self Storage LLC
J. Bruce Macgregor and Angelo Pasqualino, managers
270 Communication Way, Unit 7B, Hyannis MA 02601
Develop and invest in real estate
JNM Realty LLC
James U.T. Stephenson, manager
12 South Blvd., West Springfield MA 01089
Lease and own real property
TSET LLC
Timothy S. Peterson, manager
150 A St., Needham MA 02492
Real estate tenancy
Gould Road Realty LLC
Stephen Franciosa, manager
8 Newell Farm Dr., West Newbury MA 01985
Buy, develop and improve real estate
57 Fuller Street LLC
Frantz Bien-Aime, manager
4 Knob Hill St., Sharon MA 02067
Acquire, construct and manage real property
Pope Street Holding LLC
Marc Jaude, manager
1 Pope St., Wakefield MA 01880
Purchase, own and rent real estate
Allston Group Series LLC
Richard Slade, manager
5 Laurel Dr., Wenham MA 01984
Real estate management
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July 31, 2014
Massachusetts Corporations Organized July 21 - July 25, 2014 Corporation
Directors/Registered Agents
Address
Nature of Business
506 Cabot Street LLC
Glenn R. Battistelli, manager
11R Broadway, Beverly MA 01915
Acq., finance, lease, manage & sell real property
Finite Properties LLC
Joseph E. Motzkin, manager
15 North Hill Dr., Lynnfield MA 01940
Lease, own and rent real estate
Solar 1521 LLC
Daniel J. Rizika, manager
1521 Grafton Rd., Millbury MA 01527
Solar energy activities
LMP-Lowell Realty LLC
Luis M. Pedroso, manager
229 Billerica Rd., Chelmsford MA 08124
Improve, lease and purchase real property
Atlantic Marble Realty LLC
Thomas Kilefoyle, manager
10 Munroe Ave., Watertown MA 02472
Invest, own and rent real estate
37 Iroquois Street LLC
Jason Savage and Melanie Savage, managers
1607 Tremont St., Unit 1, Boston MA 02120
Develop, improve, manage and real property
Palmetto Development LLC
Chris Kemper, manager
6 N. Atlantic Wharf, Charlestown SC 29401
Investments, including real property interests
Brighton Real Estate Services LLC
Kade Clark, manager
1415 S. Main St., Salt Lake City UT 84115
Disposition of foreclosure properties on behalf of banks and private investors
S.B. Design LLC
Sara Maria Burd, signatory
101 Paul Revere Rd., Arlington MA 02476
Feng shui interior design
Tewksbury Village Condominium LLC
Joseph Laliberte and Robert Pondelli, manager
23 Magna Vista Cir., Tewksbury MA 01876
Real estate
188-190 Salem Street LLC
Andreas A. Tsitos, signatory
105A Ferry St., Malden MA 02148
Hold, invest in and manage real estate
HRT Realty LLC
Paul James Hodnett Mr., manager
50 Rowes Wharf, Boston MA 02110
Lease, manage and own real estate
Novo Development LLC
Christopher R. Poli and Edmund Leon Poli III, managers
114 P St., #1, Boston MA 02127
Develop, manage and own real property
Blue Ox II LLC
George C. Whaling, manager
8 Maplewood Ave., Pittsfield MA 01201
Invest, own and trade real estate
Cornerstone Land Developers Inc.
David J. Debay, secretary; John A. Visniewski, president
61 Main St., Pepperell MA 01463
Develop real property
Construction Management Solutions LLC
Timothy Ogden, manager
2182 Hackberry Cir., Longmont CO 80501
Consulting for project controls, project management and CAD and facilities
SimpliSafe Moving continued from page 2
The building itself and landlord Synergy were of further influence in the decision, according to Sutton, with that firm having specialized in taking underperforming Class B properties across Boston and repurposing them to attract the sort of upstart startups that SimpliSafe has emerged as, its notoriety bolstered to a major degree Scott Gredler this spring when Sequoia shelled out $57 million in venture capital funds for the company whose home security technology is touted as being less expensive and Downtown Crossing, Boston MA consumer friendly on installation and other they did not (hesitate) to get it done,” Chad Laurans observes Sutton, who had a similar experielements. “They are the right landlord for that ence in placing another firm at Synergy’s building,” Sutton says of Synergy in point- 87 Summer St., a nearby office/retail building to the firm’s incorporation of a shared ing which is fully occupied. “They do great conference facility, modern fitness center work,” says Sutton. Synergy’s partner in and touches such as bike storage space for the building is GreenOak Real Estate, hav“getting it” when dealing with the emerg- ing paid $58 million earlier this year for the ing crop of companies in the market as the property that is also known as 10 Milk St. Sutton had one other chore for his 2010s near the decade’s mid-point. “They knew just what that building needed, and client, charged with helping SimpliSafe find
warehouse space for a portion of the Cambridge operation that will not be moving downtown. In a deal brokered by Scott Gredler of C&W advising 440 Rutherford Ave. in Charlestown, Sutton landed a 10,500-sf space for his client, with public transportation access of import there as well. Fortunately, the building is also close to a transit center, that being the Sullivan Square MBTA Orange Line station that conn nects directly to Downtown Crossing.
THE REAL REPORTER
July 31, 2014
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Marcus & Millichap continued from page 4
million for the pharmacy in Halfmoon NY that was the highest paid among the nine harvested. “It is just the way this market is right now—our product continues to attract a lot of capital from multiple sources,” observes Horvath, pointing to 1031 Exchange investors as a consistent source, as well as private funds and even institutional groups. The latter tend to favor opportunities from $20 million and above, but Horvath reports plenty of fervor for listings below that level, as evidenced in the Fall River trade that was said to have been under a 4 percent capitalization rate. “You don’t see something like that very often,” says Horvath, attributing stiff competition for the property in being new construction plus having the lengthy lease to Starbucks/Mattress Firm, South Portland MA a marquee tenant, and involving a property in a busy retail corridor. The purchase by Pentucket Motor Lodges Inc. equates to a healthy $555 per sf needed to nail down the coveted asset. There was also plenty of investor traffic for an International House of Pancakes Restaurant in Plymouth that Horvath/Tremblay dispatched for $1.98 million. The 6,175-sf unit benefits from being a pad site to New England Development’s Shops at 5 just off Route 3 at Exit 5, plus in housing a successful restaurant as its tenant. “It’s a very strong location,” Horvath adds, although the industry veteran was even more upbeat regarding reaction to the 6,800-sf South Portland retail plaza that brought in $4.78 million—more than $700 per sf. “That was a big, big number,” he acknowledges, IHOP, Plymouth MA especially in a fringe market. The fundamentals are solid, Horvath explains, with landmark Maine Mall. “It is one of the most the asset across from South Portland’s desirable retail locations in Maine,” he proclaims. “If you are going to be up there, that is the place you want to be.” Even after such a spurt of successful conclusions—and coming on the heels of a VOLUME 6, NUMBER 14 hectic June where the group’s tally topped © 2014 The Real Reporter, LLC. Ten Post Office $50 million—Horvath reports another 41 Square, Boston MA 02109, 617-692-2997. All listings are under agreement and in varirights reserved. No part of this publication ous stages of closing prior to Labor Day. may be reproduced without the written con“No let up at all,” he says of the pace that sent of the publisher. experts say has been further extended by
The Real Reporter
the historically low interest rates. The team’s recemt activity has extended to such communities as Shawnee, KS, and Kenova, WV (both Walgreens) with the fourth Walgreens in Latrobe PA. “It really doesn’t matter,” Horvath says of geographic vagaries. “A CVS in West Virginia versus a Walgreens in Beverly Massachusetts is going to get interest from the same people,” he says. “That’s just how popular it is right now, and we think it is going to continue to be the case going forward.” n
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Jewish Vocational Move continued from page 1
Pearlmark Real Estate Partners, owner of the complex totaling 815,000 sf in two conjoined buildings. Terming the effort that began in spring 2013 “an exhaustive search” involving more than four dozen addresses before narrowed to seven options, 75-101 Federal St.’s centralized location, competitive rent and tenant improvement allowance were all factors in the final decision, explains Fairlane Properties President Michael Grill, although he cites an eagerness and warm reception by Pearlmark and building manager Lincoln Property Co. for cementing the agreement. Tim Bianchi “They were welcoming from the outset and made it very clear they were really interested in having us in the building,” Grill says, praising managing director Ron Miles and Senior Property Manager Kevin Brown Juanita Ortiz, while LPC’s Jocelyn Goglia is being brought in as construction manager to oversee the fit out of two floors into which JVS intends to occupy next spring. Joining Grill on the tenant side Hillary Brown of the transaction are Fairlane principal Hillary Brown and Brown & Wagner namesake Kevin Brown. All three are veteran brokers familiar with the downtown area, and Grill says they have Michael Grill each previously brokered deals for clients with the Pearlmark/LPC contingent. “We knew the process was going to be pretty straightforward, and that gave another level of comfort that this was the right direction to go in.”
July 31, 2014
Besides having a transit network that can keep its workers in tow and not disrupt the clients in getting to the center, Grill says ease of access to the building during normal business hours was also important. Requiring visitors to sign in would have been a challenge given the volume of interaction anticipated. Occupancy will occur next spring, two years after launching the quest that JVS President and CEO Jerry Rubin explains 75-101 Federal St.. Boston MA was driven by “a trajectory of growth over the last five dents who will benefit from our services,” years” creating steady and expected rising adds Rubin. Characterizing the venture “a bold demand for a facility that will become the JVS Center for Economic Opportunity, a move,” JVS Board of Directors Chair Ellen concept being pioneered Segal relays in her own prepared stateby a group already billed ment that “our board is enthusiastic about as the largest workforce the agency’s new home and its future,” an placement agency in outcome she observes “has involved sigMassachusetts. “Our nificant planning, fundraising and commitmove to the heart of the ment” deemed worthy given the “vulneradowntown innovation ble populations” JVS strives to assist, economy reflects our “individuals facing housing insecurity, Jerry Rubin outlook for the future,” individuals with physical and developmenRubin says in a prepared statement provid- tal disabilities and refugees,” Segal adds, ed to Real Reporter in which he says the providing “the capacity to move even pending relocation from nearby Winter more adults, and their families, out of Street “will allow us to expand services to poverty.” Holland & Knight provided JVS legal employers and clients, connecting growing industries with qualified, dedicated work- assistance during lease negotiations for ers” through counseling and programs 75-101 Federal St., while DiMella Shaffer ranging from financial literacy and college- is working on design services in cooperacredit courses to advanced technical train- tion with LPC and Pearlmark, a landlord ing in new-age industries and integrated active across New England now in the support services. “We see this new center process of trading 75-101 Federal St., that as a bridge to the city’s rising innovation campaign separately being led by C&W’s n economy for thousands of Boston resi- Capital Markets Group.
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July 31, 2014
THE REAL REPORTER
Real Ideas The largest publically traded commercial real estate firms derive about three-quarters of their revenue from owners and investors and only one-quarter from tenants. So, traditional brokers typically try to maximize the terms of each transaction and fortify long-term relationships with landlords, knowing they may only deal with the tenant every five or seven years, or when leases expire. In contrast, tenant rep firms are positioned to ensure objectivity and accountability throughout the transaction and beyond. They can push the landlord for better terms and not worry about compromising the landlord-client relationship. In fact, by focusing on going beyond the transaction itself and providing ongoing corporate services, these firms often serve as an extension of the company’s real estate department. Throughout the relationship, tenant rep firms serve just one master—the tenant.
Common Sense and Common Practice While it may seem like common sense that it’s not possible to fairly represent two masters at the same time, the truth is that the dual agency approach is still common practice. Why? The roots of dual agency run deep: • Commercial real estate brokerage was founded in the late 1800s to facilitate property owners in the sale and leasing of buildings and property management. • These firms started to market their services not only to landlords but also to tenants; many relationships formed with landlords years ago have remained intact without critical examination. • Within the last few decades, tenantonly firms emerged as companies began to recognize the need for exclusive representation. While tenant rep firms continue to gain market share, many traditional firms are well-entrenched. However, despite the deep roots of traditional firms, the potential for conflicts, whether overt or covert, is still a concern. Examples of conflicts involve deals that may not be visible to tenants. For instance: • Landlords may offer incentives and
be informed if the broker is offered bonuses or discounts. Be sure that your interests are protected in your lease in such matters as expansion, contraction and termination rights as well as nondisturbance clauses in the event of new ownership. Carefully consider the bottomline budget implications of your prospective firm and determine your greatest opportunities for savings. Companies are advised to research the track record and recommendations of prospective commercial real estate firms. They should also consider the value of integrated services such as transaction management and project management. At the end of the day, it’s clear that traditional real estate firms and tenant rep firms will continue to compete against each other on the same playing field—and competition in the marketplace is always good. At the same time, both sides should continue to respect each other and cooperate in a collegial manner. What is most important is the need for companies to ask the right questions, weigh the options and select the firm that is right for them. And it’s important that they perform their due diligence knowing that we work in a post-Sarbanes-Oxley world, where even the appearance of conflicts is not acceptable. We are not suggesting that anyone should question the integrity of professionals on either side of this debate. Rather, it may be wise to question the business model . . . as well as the wisdom n of conducting business as usual. Photo: Derek Szabo
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rewards to brokers who bring tenants to a particular building; they may also offer brokers additional listings in other buildings. In so doing, a broker may lose objectivity. • Listing brokers may be compromised if landlords want to keep tenants in their building or in another one of their listings even if the office isn’t in the tenant’s best interest. • Some firms representing landlords have a separate division that supposedly represents tenants; other firms say they integrate tenant representation within the larger group of landlord brokers. Either way, traditional firms still have a vested interest in putting landlord listings first. • Overall, dual agency brokers have always been beholden to landlords, either because the landlords are clients of their firms or they want to get future listings from these landlords.
Conflict Checklist What can you do to prevent conflicts? Raise the issue of potential conflicts from the get-go. Ask for an account of all the brokerage firm's relationships, listings and asset/property management work with landlords. Ask for full disclosure from brokers, including the amount of fees or commissions landlords are paying them. Expect to
JOE SCIOLLA is a Managing Principal at Cresa Boston, the headquarters of Cresa LLC. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Corporate Solutions, Site Selection, Lease Administration, Capital Markets, Mission Critical Solutions, Relocation Management and Facilities Management.
THE REAL REPORTER
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July 31, 2014
TROY BOSTON continued from page 6
check following a prolonged recovery for the construction sector after the 2008 recession. Beyond being “an innovative and sustainable development . . . that will really help to activate this corner of the neighborhood,” Walsh says he is “also pleased that the team from Gerding Edlen, Normandy Real Estate Partners and Suffolk Construction is able to employ nearly 600 tradespeople on the project.” The Mayor might have wanted to include NREA in there given that firm’s core mission to invest in projects that help create good-paying construction jobs for the building trades while also bolstering communities and generating a return for its backers. An SEC-registered investment advisor with more than $2.2 billion under TROY BOSTON workers celebrate topping off at 55 Traveler St., Boston MA management, NREA’s roots are investing component. development underway in Chinatown plus funds for union electrical professionals, NREA has made a big splash in metro- a transformative overhaul of the One and while the platform has expanded, sup- politan Boston this decade, with the firm a Congress St. garage near North Station porting the building trades remains a key backer of the One Greenway mixed-use that is nearing a launch. n
CBRE/NE Refinance continued from page 5
well-positioned for the future” in continuing the long-term hold of what he says has consistently performed as “a great community” while applauding Kelly’s organization for securing the monies. “CBRE/NE’s direct agency platform provided a smooth processing of the transaction that had many moving parts.” Pine Homes is part of a 46-building, 402-unit multifamily complex, with that portion featuring 14 three-story residential structures containing a mix of two- and three-bedroom units. Common amenities include a basketball court, pool and on-site daycare plus a community space, a computer room and on-site property management for the property constructed in 1972 and most recently renovated in 1998. n
Pine Homes, Brockton MA
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July 31, 2014
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Brickstone Square Deal continued from page 1
for sale exclusively through HFF. “They’ve got it,” one industry professional tells Real Reporter of the KS/Oaktree union after what appeared to be a period of negotiations between that partnership in the wake of being victorious in the bidding process that supposedly drew a wide berth of potential investors. If so, that would appear as a good sign given the post-recession climate in the Interstate 495 North submarket has been dampened over a long period by property foreKambiz Shahbazi closures, corporate downsizings and companies moving closer into Boston or to the Route 128 North belt from Bedford to Woburn. The Transwestern RBJ summer 2014 officeSTATus survey does suggest the negative tide may be turning, with more than 500,000 sf of positive net absorption recorded since mid-year 2013 and new construction non-existent since the slump commenced. Those elements have helped drop the vacancy to 22.1 percent from 23.9 percent YOY, while rents are up 4.2 percent in that period for an average presently of $19.33 per sf. With tenants now seemingly mulling a reverse migration as Coleman Benedict rents begin to percolate in core communities, the investor activity has begun to edge outward as well. Observers cite the anticipated demand for space from those sticker-shocked firms but also difficulty findBenjamin Sayles ing CRE to buy in the popular markets as institutional funds and other stability minded groups push capitalization rates even further downward, making return prospects more onerous for any yield-oriented capital. One manifestation of that activity north of Route 128 came earlier this month when Cross Point in Lowell delivered an even $100.0 million in being bought by former Tishman executive
200 Brickstone Sq., Andover MA
Brian Chaisson and former Equity Office principal Andrew Maher. Cushman &Wakefield brokered that trade. KS Partners principal Kambiz Shahbazi is a seasoned investor active throughout Massachusetts who has been most recently building his portfolio in Connecticut even in pursuing Bay State listings including taking a run at Cross Point. While that one did not materialize, observers says KS and Oaktree have committed to the Brickstone deal and are working on getting financing, an endeavor that could delay closing into September. Just exactly what the timetable is remains undefined, as calls to HFF and
Shahbazi were not returned by press deadline. Prior stories indicated the HFF Capital Markets effort is being handled by Senior Managing Director Coleman Benedict and Director Benjamin Sayles. Pearlmark has owned Brickstone Square since Nov. 2005. The firm is an active investor throughout metropolitan Boston, having until last year controlled 40 Broad St. in Boston’s Financial District and presently the owner of 75-101 Federal St., a twintower property it has on the market through C&W. The assets in Andover are listed as 100, 200 and 300 Brickstone Square, former mill buildings retrofitted to office space by n veteran developer Martin Spagat.
Cummings Lease
divulged. Serving the defense, healthcare and specialty markets in the commercial and industrial arenas, Tecomet provides advanced metal processing and fabrication technology on everything from implantable medical devices to fuel injectors and thrusters for aerospace applications. Cummings Properties has a CRE footprint topping 10 million sf focused north of Boston and sporting a concentration in its hometown of Woburn. The Tecomet commitment brings occupancy at 18 Commerce Way above 84 percent, and LaBossiere expresses confidence the asset’s access, efficiencies and visibility will attract addin tional tenants to the property.
continued from page 5
and fill the entire fifth floor for a total consideration of 10,700 sf. “We were pleased to be able to provide a turnkey solution to Tecomet’s very nearterm space needs, and to do so in a location convenient to its existing facilities,” LaBossiere relays in a press release announcing the latest agreement. The New Boston Street facility is barely one mile away, and Tecomet’s Wilmington plant is accessible via Interstate 93 that is just one exit away from the property. Terms of the Tecomet lease were not
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THE REAL REPORTER
July 31, 2014
CRE Lenders continued from page 1
week, adding, “I think people see the market as a little more stable— although rates could come up some—so they just aren’t as panicky that rates are going to skyrocket. So a lot of what we’ve done this year has been acquisitions.” Brookline closed approximately $225 million in loan transactions through June 30th and Fess reports activity remained strong through July. Much of that volume was driven by acquisi100 Discovery Way, Acton MA tion financing, including The property types Brookline Bank a $30 million mortgage to a partnership of DLJ funded so far in 2014 have run the gamut Real Estate Capital of industrial, office and multifamily, outPartners, Sea-Dar Real lines Fess, with a number of retail assets Estate and CNW Capital under $5 million in the mix. “We’ve had a Partners LLC of Boston, great year to start out, and one of the Claudia Piper for the acquisition of things that helped us was that we haven’t three Beacon Hill buildings sold by the had the level of payoffs we had last year at Unitarian Universalist Association for this time,” says Fess. “Last year we had a $23.6 million. The landmark sale negotiat- lot of multifamily loans that went on to ed by Boston Realty Advisors was first Fannie and Freddie, but I think most of detailed by Real Reporter in February and that seems to have passed and we’re findinvolves 25 Beacon St. and 6 and 7 Mount ing we’re having a pretty good loan Vernon Pl, holdings across from the growth, with the same level of loan origiBoston Common and near the nation.” National loan originations dropped preMassachusetts State House. cipitously from the fourth quarter of 2013 to Q1 this year (45 percent according to the Mortgage Bankers Association), yet it appears that decline was not felt in Greater Boston. “Deal flow has been good. We really haven’t seen much of a falloff,” relays Ian Brandon, First VP of Commercial Real Estate at Cambridge Savings Bank, with acquisitions and “a good amount of construction and repositioning of assets” in the mix “For instance, obsolescent office being converted into biotech is something we’re seeing more of.” CSB financed a range of acquisitions in the first two quarters, including a $32.5 million loan used to acquire a promising site at 240 Sidney St. in Cambridge, the former home of Vertex Pharmaceuticals which is zoned for both lab space and multifamily development. CSB was active in refinancing as well, as evidenced by the $16 million loan to New 25 Beacon St., Boston MA Broadway Realty LLC backed by
five multifamily buildings in Cambridge (399-401 Broadway and 2, 4 and 6 Ellsworth Ave). One counter to the healthy market is increased competition from outside. “Both ourselves and the other lending institutions are slowly seeing the impact of several new players entering the market,” relays Brandon. “We’re seeing out-ofregion institutions, life companies and out-of-market banks because Boston is being touted nationwide as one of the greatest markets out there, so you’re seeing folks you typically wouldn’t expect to see.” While Eastern Bank closed nearly $160 million in CRE loans through midyear, Senior VP of Commercial Real Estate Nicholas K. Moise reports that pricing continues to be under pressure. “The mix of business changed a bit, as the prior couple of years we were looking more at borrowers who were Darryl J. Fess really trying to take advantage of low rates and to lock in for five-, seven- or 10 years when (they) were nervous about rates rising,” Moise conveys. “That business has slowed down and some of our borrowers want flexibility and floating rate debt so they can turn around and sell their assets. They want the flexibility to be able to improve the asset by improving cash flow through leasing or doing improvements or expansion and then selling it and taking a profit.” Eastern’s 2014 success has been driven on the strength of acquisitions and new construction projects, including a $25 million loan to Claremont Cos. to develop 192 continued on page 35
July 31, 2014
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CRE Lenders continued from page 34
units of 40B housing in West Bridgewater and a $15.1 million acquisition loan to the Mount Vernon Co. for the purchase of the hostel at 40 Berkeley St., a hotel and youth hostel in Boston. Rockland Trust Co. Senior VP of Commercial Lending Jim McGoldrick communicates that his bank is also off to a torrid start in 2014, with $297 million in loans approved through the first two quarters. “Overall I think our first six months were very strong, especially considering this very competitive market that exists today,” he says. “We closed some loans on some hospitality properties early in the year, and commercial retail and multifamily have been consistent through the first half.” The leading property type for RT was multi1-3 Langdon St., Cambridge MA family at 32 percent of its volume, with com- any deal you could win in the first quarter intends to build upwards of 220 micro resmercial retail account- looks better in comparison to this quar- idential units (potentially for use as stuing for 19 percent. ter’s deals, due to spread and structure dent housing). Another $21.7 million went Ian Brandon Residential condo pressure.” to refinance a retail portfolio along Route development, office, hotels and hospitality TD Bank enjoyed a robust first half, as continued on page 36 were in the mix as well as nursing homes outlined by Regional Director of and assisted living facilities. Deals ranged Commercial Real Estate Peter from $1 million to $14 million, including Brockelman, with deals across $13.8 million in financing for the conver- the property spectrum ranging sion of an office building into18 condo- in size from $1 million to $32 minium units in the South End (477-481 million. “It has been an active Harrison Ave.); a $9.6 million refinancing year on numerous fronts— of a mixed use property at 172-184 High REITs, fund lines and term St. in Boston for Synergy Investments; and loans, project-based acquisition an $8.97 million mortgage for Ajax United financing, and clients with Drive LLC to purchase an industrial prop- existing loans looking to take erty at 35 United Drive in West advantage of rates by pursuing Bridgewater. longer-term extensions ahead of Webster Bank Senior VP Claudia Piper near-term maturities that have closed five deals in the second quarter shorter term (one-year) extentotaling $102 million. Three were acquisi- sions,” Brockelman explains. tions and two were multifamily construc- “We have also seen an interest tion loans, but “those deals were especial- in hedging products from ly competitive, and the assets tended to be clients that want to lock in stabilized,” she explains. Deals included fixed-rates, an area we are we $51 million in financing towards the $395 increasingly active and competmillion acquisition of One Kendall Square itive.” by DivcoWest; a $28 million construction Among notable deals from loan to build 190 Class A apartments in TD’s operation was a $30 million Everett; and a $15 million mortgage to acquisition loan provided Urban Sound Sea enabling an acquisition and Spaces to procure 1047 upgrade of the firm’s industrial facility in Commonwealth Ave. in Allston Agawam. “Overall, activity is down and near Boston University on competition is up,” Piper observes. “And which borrower Paul Ognibene 99 High St., Boston MA
36
THE REAL REPORTER
July 31, 2014
CRE Lenders continued from page 35
One in Dedham and Norwood for Coffee Realty; and TD Bank delivered another $10.4 million loan to Cabot Cabot & Forbes for purchase of a 62,000 sf office building at 135 Wells Ave. in Newton. While small- and regional banks played a key role in keeping debt available through 2014’s opening half, the big banks also made their presence known. JPMorgan Chase Bank seemed especially active, delivering more than a dozen deals totaling in excess of $225 million. Deals featured everything from $1.1 million for a multifamily property acquisition in Malden to a $55 million loan for the Bulfinch Cos. to redevelop 100 Discovery Park in Cambridge. Santander Bank financed a handful of smaller (sub-$5 million) projects but also scored a couple of larger deals, including a $102 million develop184 High St., Bosyon MA ment loan to New England Development for University Station and a $97 million Trucking Industry Pension Fund) for the construction loan (with Citizens Bank) for office/retail property at that location; the 250 key hotel at 371-401 D St. in Massachusetts Mutual Life Insurance Co. Boston’s Seaport District. HSBC provided did a $75 million refinancing of the a $121.7 million mortgage for Watermark Seaport Hotel in Boston; American Seaport to Skanska, as well as a $19.7 mil- General Life Insurance Co. was the lender lion refinancing of 130 Bishop Allen Dr., on a $165 million mortgage to WS and 675 Massachusetts Ave. in Cambridge Development for the newly redeveloped for Brighton-based Intercontinental Real “The Street” (formerly Estate Corp.. Chestnut Hill Shopping Bank of America provided a pair of sigCenter); and Hartford nificant refinancing deals: the $55 million Life Insurance Co. prorefinancing of 99 High St. in Boston for vided a refinance of $65 TIAA-CREF and $30 million in a refinancmillion for 40 ing of the fully leased, 150,000 sf retail Lansdowne St. in property in Marlborough owned by RK Cambridge for Forest Centers of Dedham. And Wells Fargo Bank Peter Brockelman City Enterprises. provided a handful of mortgages, includMany of the smaller and mid-size banks ing a $59.8 million refinancing loan for in the region also enjoyed productive Revere Hospitality LLC for the Hampton opening halfs to 2014. East Boston Inn at 222 and 230 Lee Burbank Hwy. in Savings Bank had a remarkable start with East Boston and a $52.1 million refinanc- in excess of 30 transactions closed, including of an industrial portfolio for Exeter ing a $28.5 million construction loan to Industrial REIT II. build a hotel at 415 McClellan Hwy. in East Life companies were also active in Boston; a $20 million redevelopment loan Greater Boston in the opening half, pro- to 121 Portland St. LLC (managed by Tina viding financing for some of the largest Brzezenski) to transform the Forecaster first half deals. Allianz Life Insurance Co. Building at 121-127 Portland St. in of North America delivered on a $150 mil- Boston’s North Station into 81 residential lion refinancing of 610 Main St. in units; and a $16.9 million construction Cambridge for MIT; Northwestern Mutual loan to build a mixed use property, The Life Insurance Co. supplied a $100 million Seville, on Boston Harbor at 248-270 refi to 131 Dartmouth Street LLC, (man- Meridian St. aged by New England Teamsters and People’s United Bank approved a num-
ber of significant loans among its 17 deals, including the $30 million refinancing of an apartment portfolio in Cambridge for Chestnut Hill Realty; and a $19 million refinance of 73-79 Essex St. and 4-8 Oxford St. in Boston, home to a number of Chinese markets and restaurants for LGH Essex LP, managed by Marc Fantasia. Belmont Savings Bank was active early on, particularly in the refinancing arena, with 20 first half transactions cresting $1 million. Belmont provided $18 million in refinancing to RCG North Andover Mills LLC for their 382,000 sf office property; an $11.8 million refi to Ryan Development LLC for an office portfolio in Westford; and a $9 million redevelopment loan for 49-89 Leonard St. (a former Macy’s location) in Belmont. Digital Federal Credit Union also had a strong first half with 17 deals, including a $6.5 million refinancing of Patrick’s Motor Mart Inc. in Shrewsbury, the $7.3 million refinance of 100 Discovery Way in Acton for Capital Group Properties; and another $3.17 million in March enabling 22 Olde Canal Drive LLC to purchase and restore a property by that address in Lowell last March in a $1.650,000 exchange. Hingham Institution for Savings recorded 30 deals between $1 million and $5 million through mid-year, adding a $6.5 million mortgage for multiple land parcels on Nantucket for Rugged Scott LLC. n