September CRE Insider

INSIDETRACK •

• •

•

•

MASSACHUSETTS GAMING COMMISSION TIME LINE Mid-October: The commission will issue the form “Requests for Applications RFA1” to prequalify bidders based on their finances and background checks.

January 2013: RFA-1 applications submitted to commission (three to six months).

April 2013: Commission reviews completed RFA-1 applications and issues a second form, “Request for Applications RFA-2” to applicants who passed the initial screening (three to six months).

July 2013: Applicants submit completed RFA-2 forms; surrounding community agreements must be executed and host agreements approved by referendum (three to eight months).

October 2013: Commission reviewed completed RFA-2 applications and selects licensees (three to six months).

THIS MONTH: BETTING ON CASINOS NEXT MONTH: BOSTON’S SEAPORT DISTRICT

CREInsider The

A BANKER & TRADESMAN COMMERCIAL REAL ESTATE SPECIAL SECTION

SEPTEMBER 24, 2012

C1

TOWN & COUNTRY

Betting On The Bay State’s Cities Massachusetts Casino Developers Were Supposed To Follow The Foxwoods Model, But The Advantages Of Urban Locales Can’t Be Ignored

Source: Massachusetts Gaming Commission

SUFFOLK DOWNS/CAESARS AT A GLANCE •

• •

•

• • •

Suffolk Downs and Caesars Entertainment is the lone contender for the lucrative Greater Boston-Worcester area casino license. The proposal calls for: Project Size: 163 acres Casino Complex: 200,000 square feet of gaming space, including 4,000 to 5,000 slot machines, 200 table games and a World Series of Poker room.

Other Facilities: 300-room hotel, up to 10 restaurants, retail shops, entertainment and nightclub venues, luxury spa facilities, upgraded horse racing venue, garage and surface parking.

Estimated Cost: $1 billion Employment: 2,500 construction jobs, 4,000 resort jobs Transportation: $40 million transportation improvement plan funded by Suffolk Downs includes $30 million for a flyover at Boardman Street intersection, widening and adding access lanes to Route 1A and upgrading the resort’s entrance. Another $10 million is earmarked for other local and regional projects, including improving ramp connections at Routes 1 and 16.

BOSTON/CAMBRIDGE OFFICE HALF YEAR STATS 820,953 square feet • Total square feet absorbed in the first six months of 2012. The most net absorption since the second half of 2007. $23.24 per square foot • The variance in average asking rental rates among the six submarkets – up from $18.58 a square foot in the second half of 2011.

16.7 percent • Percentage increase in Back Bay tower average asking rents in the first six months of 2012.

1.8 million square feet • The total square feet of office space under construction in the central business district (CBD) – all of which is either owner-built or built-to-suit. $80 per square foot • The highest quoted asking rent in the CBD. Source: Newmark Grubb Knight Frank

FEATURES

Contributed Renderings

Source: Suffolk Downs

BY SCOTT VAN VOORHIS BANKER & TRADESMAN COLUMNIST

MGM Resorts International’s Springfield casino plan would include a mix of new construction and the renovation of some existing architecture over three city blocks.

T

he Bay State will become a den of iniquity if we let casino developers build in “vulnerable” urban areas near where lots of poor people live – or so the limousine liberals would have us believe.

Well, it’s time to dump this hackneyed, patronizing and hypocritical argument into the circular file where it belongs. Massachusetts could very well wind up with a pair of urban casinos. And our state is likely to be much better off for it, especially when it comes down to jobs and economic development.

The state’s budding effort to license a trio of casinos has the potential to rev the economic engines of cities and communities that wind Continued on Page 5

LAW OF THE LAND

Recently enacted legislation in Massachusetts allows tax-exempt financing of project infrastructure for private developments.

PAGE B3

TAKING NO CHANCES

Process Under Way For Licensing Three Casinos, Slot Parlor Commission Gears Up For Gaming Licensing Process

WORTH THE GAMBLE?

BY STEPHEN CROSBY SPECIAL TO BANKER & TRADESMAN

The New England Gaming Research Project by the Center for Policy Analysis at UMass Dartmouth gives us the economic odds on whether Massachusetts’ big economic bet on gambling will pay off.

A

PAGE B4 STEPHEN CROSBY

t this issue’s publication date, the Massachusetts Gaming Commission has been in operation for six months. We’ve held 27 open public meetings, hosted six public educational forums, participated in numerous speaking

engagements, begun hiring key personnel and developed a $7.2 million budget.

A month ago, we launched the first phase of a two-phase “Request For Application” process, then held statewide public hearings on the regulations for this RFA Phase, and are now working with multiple ac-

tive gaming applicants.

Now that the commission is formed and operating, and the licensing process is well under way, it is important to go back to the basics, to remember why the commonwealth is doing this, and then to set proper expectations for the Continued on Page 3

C2

|

CRE INSIDER

SEPTEMBER 24, 2012

Contributed Rendering

BANKER & TRADESMAN

Suffolk Downs Races To Lead In

Boston-Area Casino Chase

Chip Tuttle TITLE:

Chief Operating Officer, Suffolk Downs

Aging Racetrack Is Odds-On Favorite For Lucrative License

AGE:

BY NORA LOCKWOOD TOOHER | BANKER & TRADESMAN STAFF WRITER

EXPERIENCE:

Q: Assuming the casino is approved, how will that affect the horse racing at Suffolk Downs?

A: It should be a tremendous boost. We’re planning on enhanc-

ing the racing experience and trying to do some things to integrate racing and gaming in ways that haven’t really been done in other places around the country … We’re proposing that we build about 150,000 square feet of new gaming, restaurants and retail, and a 300-room hotel and new structured parking. But we’re also planning on renovating the existing grandstand and clubhouse, retaining the entire clubhouse for horseracing and simulcasting … And underneath the first floor of the grandstands will be another 100,000 square feet of gaming space. So, you’d have two significant gaming spaces, but one of them attached directly to the racing operation.

in debt. Did Caesars approach you or did you approach them?

A: It’s a little bit of both

… We had some interest, some other folks approached us. At the end of the day, we thought Caesars was the best partner for a number of reasons – their culture, their expertise and the fact they have a really strong history of partnering with people like us and being successful. We’ve got a ton of respect for [Caesars President and CEO] Gary Loveman.

Q: Does Caesars have an equity partner?

A: They

have less than 5 percent equity, but they are a gaming management partner. So they will manage the gaming facility. We’re very, very confident in our ability, our wherewithal to finance this development independent of Caesars’ balance sheets. Richard Fields and Joe O’Donnell are [Suffolk Downs’] primary shareholders. They have combined about 75 percent of the equity here, and Vornado Realty Trust has about a 20 percent stake; the other 5 percent is Caesars and some individual shareholders.

project to be done in phases. He wants it done all at once.

What’s your construction timetable?

A: We’ve always said we are going to start the construction on

Q: Suffolk Downs is the clear front-runner for the Greater Boston license. How confident are you of getting the license?

A: We have some advantages, clearly. And there are significant

barriers to entry at this stage. We’ve been at this a long time.

We’ve been talking about this and planning for five years.

So, it’s natural that we would be in a leadership position.

But we don’t take anything for granted. We know we have to set the standard for gaming development in Massachusetts and we need to develop a world-class facility that will attract visitors not only from the region, but from around the country and around the world … The competition is really external. The competition is Connecticut and Rhode Island – where they are proposing putting table games in Twin River – and New Hampshire, where the gubernatorial candidates are all talking about adding gaming at Rockingham Park.

Q: You’re meeting with residents regarding transportation concerns?

A: We’ve had a series of neighborhood and community meet-

ings. We’ve gotten excellent feedback from our neighbors in Eastie, Revere, Winthrop and Chelsea on what their concerns are in transportation. I think we’ve been able to incorporate that into our planning. And we’re going to try to continue to be responsive as we go through the process … We try to remind people this is not a one-shot deal. If we’re successful, this is a long-term partnership. And if we’re successful we’re as vested as anyone in the community in ensuring that people can get back and forth to the community, to the airport and to their houses in a way that’s convenient and addresses some of the longstanding regional transportation issues.

28 years, including 10 at Suffolk Downs

Q: Casino opponents have noted that Caesars is almost $20 billion

Q: Boston Mayor Thomas Menino has said he doesn’t want this

everything at the same time if we are able to earn a license.

And that’s the construction on the existing building, the new construction and the $40 million road and infrastructure improvements we’ve committed to make. We’ll start that all at the same time. Some phases may finish sooner than others. And then, whether or not they open is really up to the mayor and the Gaming Commission and the state MEPA office as well.

49

Q: Is the market going to be too saturated?

A:

I don’t think we’re at that stage yet. And clearly, there’s a market demand that will support up to three resort facilities in Massachusetts. But it’s a competitive landscape.

Chip Tuttle has spent 10 years of his working life at Suffolk Downs, the last five leading the aging East Boston horseracing track’s charge to develop a highend casino resort.

With the Steve Wynn/Robert Kraft-backed Foxboro proposal out of the running, Suffolk Downs is the lone contender for the sole Greater Boston casino license – one of three to be awarded statewide.

Tuttle, Suffolk Downs’ boyish-looking chief operating officer, first worked at Suffolk Downs from 1992 to 1997, as marketing and communications director.

He left to start Conover, Tuttle, Pace, a Boston advertising/public relations firm. Five years ago, Tuttle returned to Suffolk Downs to spearhead the track’s gaming initiative.

In June, Suffolk Downs unveiled plans to develop a $1 billion resort and casino in conjunction with Caesars Entertainment on the 163-acre site. The project would include a hotel, restaurants, a casino, retail shops, entertainment areas, luxury spa facilities and – of course – horse racing.

BANKER & TRADESMAN

SEPTEMBER 24, 2012

|

C3

CRE INSIDER

Commission Gears Up For Gaming Licensing Process Continued from Page 1 public, participants, related businesses and the media.

From the moment Gov. Deval Patrick asked me to serve as chair of the new Gaming Commission, he made it very clear that the primary interest in expanding gaming in the commonwealth was economic development and the generation of good jobs, both construction and permanent. In that spirit, each of us on the commission is deeply aware of this mission, and are doing everything in our authority to move the process along as quickly as possible, while being rigorous and vigilant in adhering to best practices and due diligence.

If done properly, the development of three resort casinos and a slots parlor will probably generate about 10,000 construction jobs and perhaps as many permanent jobs, as well as annual tax revenue to the commonwealth of $300 million to $500 million. Recapturing the $900 million or so that Massachusetts residents now gamble in other states can, all by itself, create significant economic development and revenues in Massachusetts.

If done properly, the development of three resort casinos and a slots parlor will probably generate in the neighborhood of 10,000 construction jobs and perhaps as many permanent jobs, and generate annual tax revenue to the commonwealth of $300 million to $500 million.

host and surrounding community agreements, which the commission must then carefully review. Any of these important steps can take longer than hoped for; but we think an ambitious deadline is important, and we will work to keep all participants in the process focused on concluding it as expeditiously as possible.

‘Integrity And Precision’ Committed To Transparency

There is understandable pressure to get these benefits flowing sooner than later. The commission shares this concern, and for that reason is setting an ambitious schedule for awarding gaming licenses. If everything goes like clockwork, the commission could be awarding licenses as early as next October, a mere 19 months from our first day together. But we will not sacrifice the integrity of this process for speed.

Our foremost commitment to the people of Massachusetts and the participants in gaming is not speed; rather it is that this process will be transparent, participatory and fair.

Furthermore, there are any number of important contingencies that frequently arise in such a process as this that could extend this timeline. The RFA-Phase One “Suitability Vetting” process is comprehensive and detailed, with every aspect of financial, personal and corporate integrity assessed. The time it takes to complete these background checks, particularly for big international companies with multiple financing schemes, is unpredictable.

The process for issuing regulations in Massachusetts is appropriately extensive, public and beholden to specific timelines required by statute. Each applicant must negotiate comprehensive

Sometime in the next 12 to 18 months, casino gambling and slots licenses will be issued in Massachusetts, the first step in launching a major new industry in Massachusetts. When completed, the single most important priority is that the public and the participants know the process was conducted with the utmost integrity and precision, and that Massachusetts has paved a future for a robust, financially stable and rigorously ethical gaming industry. n Stephen Crosby is chairman of the Massachusetts Gaming Commission.

LAW LAND of the

Municipal Financing Program Can Aid Private Developments Act Allows Tax-Exempt Financing Of Project Infrastructure

BY WILLIAM F. GRIFFIN JR. SPECIAL TO BANKER & TRADESMAN

O

n Aug. 7, Gov. Deval Patrick signed into law a bill providing municipalities an option to approve “special assessment financing” of public infrastructure to support private development or community projects.

Chapter 23L of the General Laws, which I participated in drafting, is a proven method of tax-exempt financing for public infrastructure in many other states. It has also been used in Massachusetts when authorized by special legislation.

Many desirable private or community development projects must be supported by public infrastructure improvements.

However, municipalities are often unwilling or unable to allocate scarce tax revenues or increase municipal debt burdens to finance public infrastructure for worthy projects.

Massachusetts has attempted to deal with this problem through a variety of programs, including direct state grants, state tax credits and pledging expected increases in state or local tax revenues to finance bonds for infrastructure improvements. The common thread of all of these programs is that either the WILLIAM GRIFFIN state or its municipalities ultimately use their resources to support private development.

This measure is different: It is the “developer pays” option. It provides the missing link enabling our communities to tap into a robust, multi-billion dollar market for investment capital for public infrastructure, without placing further stress on scarce municipal resources.

This law provides the missing link enabling our communities to tap into a robust, multi-billion dollar market for investment capital for public infrastructure, without placing further stress on scarce municipal resources.

How It Works

Under the new measure, a private landowner may file a municipal petition to establish a “development zone.” The petition must be consented to by all affected landowners and include a detailed improvement plan, an estimated budget and timetable to complete the public improvements.

If the petition is approved by the municipal governing body after a public hearing, then an “assessment plan” is adopted to impose special betterment assessments on privately-owned property within the development zone. These special assessments will provide the revenues to support tax-exempt bonds issued by MassDevelopment to finance construction of the public improvements, which may be owned only by a public entity. The entire cost of construction, financing and maintaining the improvements is borne by the property owners in the development zone, not by the municipality.

Special assessment financing is not novel. It has been employed for years in more than 35 states. Bond issuance peaked at about $5 billion in 2007, but has declined since the 2008 financial crisis. The five largest bond underwriters sold 573 issues totaling $8.6 billion in principal amount from 2005 to 2009.

Because these bonds are secured by tax liens on the property, they are high-

credit, tax-exempt, long-term securities very attractive to investors.

Developers like special assessment bonds because they provide a long-term, low-interest source of funding for preconstruction expenditures, which does not interfere with construction or permanent project financing. The municipality benefits from enhanced property tax revenues from the project, without a reduction of its scarce tax revenues or an increase in its municipal debt burden.

Legislation’s Effect

The special assessment financing legislation in Massachusetts: Does Not Create An Entitlement For Developers. It is entirely optional.

The municipality may elect in its sole discretion to take advantage of its provisions in any given case, and to condition its approval of a special assessment project as it deems appropriate.

Does Not Add Additional Debt Burdens To Municipalities. The costs of the infrastructure and the debt service on the associated bonds are paid by special betterment assessments on the privatelyowned real property in the development zone. By law, the state and its municipalities have no liability on the special assessment bonds, which are “revenue bonds” secured only by the special assessments on the property in the development zone. Betterment assessments are,

by law, excluded from tax revenues subject to the Proposition 2 ½ limit.

Will Enhance Municipal Tax Revenues. The municipality in which a development zone is created benefits from enhanced tax revenues from new construction added to the municipal tax base.

Does Not Affect Zoning or Land Use Regulation. Private development in a Chapter 23L development zone is subject to all zoning and land use regulations applicable to conventional development projects.

Can Be Used To Finance Municipal Improvement Programs. Special assessment financing may be used to finance community development projects as well as to support private development, so long as all affected landowners consent to the special assessments.

Bonds May Be Used Only For Public Infrastructure. Proceeds of special assessment bonds must be used for public infrastructure improvements and costs of issuance.

The Massachusetts law embodies a proven financing program successfully used in many other states to attract billions of dollars of investment capital for public infrastructure. It is a local option, not an entitlement, which allows each municipality to choose the rate of economic growth which best fits its needs.

No state or local general tax revenues or credit are involved. Special assessment financing promises to be the rocket fuel needed to propel economic growth in Massachusetts. n Attorney William F. Griffin Jr. is a shareholder at Davis, Malm & D'Agostine P.C. in Boston. His practice focuses on business law, real estate and environmental areas.

C4

BANKER & TRADESMAN

|

CRE INSIDER

SEPTMEBER 24, 2012

SWEETENING THE POT

Casinos Will Help End The Blue Collar Recession Gaming Industry Can Aid Massachusetts Economic Revival

BY CLYDE W. BARROW SPECIAL TO BANKER & TRADESMAN

O

n Nov. 22, 2011, Gov. Deval Patrick signed “An Act Establishing Expanded Gaming in the Commonwealth,” which authorized the licensing of three resort casinos and one slot parlor in Massachusetts.

Massachusetts will soon become the 36th state in the nation with Class III “Las Vegas style” casinos. The U.S. casino industry, which includes commercial casinos, Indian casinos, racetrack casinos and slot parlors, reported $62.3 billion in gross gaming revenues in 2011 and more than $75 billion in total revenues, CLYDE BARROW including on-site hotel, retail, food and beverage, spa, golf and entertainment revenues. The casino industry employs 641,000 people nationwide and last year paid $9.5 billion in gaming taxes alone to state and local governments. So what can we expect in Massachusetts?

First, I want to dispense with the “saturation” argument that has recently been circulating in various policy circles. It is true that in the Northeast – from Maryland to Ohio to Maine – there are currently 56 casinos, racinos, and slot parlors – with $14 billion in total revenues. Massachusetts, New Hampshire, and Vermont are the only three states in this region without Class III gaming facilities.

10

Top

Total demand for gaming in Massachusetts is approximately $2.03 billion per year, and if the propensity to gamble returns to prerecessionary levels, it could reach $2.7 billion by the time new facilities are fully operational in 2017-2018.

Too Many Casinos?

Does that mean there are already too many casinos in the region? It depends on the size and location of gaming facilities. There are 40 casinos in Colorado, 30 in Mississippi, 13 in Indiana, 12 in Missouri, and 18 in Iowa (with only 3 million residents).

Massachusetts has authorized three large resort casinos and a slot parlor.

So, will there be “too many” slot machines? After all Massachusetts facilities are fully operational, there will be approximately 483 adult residents per slot machine in Massachusetts and 377 adult residents per slot machine in New England. This compares with about 250 residents per slot machine nationally, so New England will hardly be oversaturated with slot machines.

Moreover, New Englanders have $642 billion in disposable personal income (DPI) and Massachusetts residents account for $305 billion (48 percent) of that income. This translates into a $3.4 billion gaming market based on recessionary assumptions. Four strategically located facilities will have the ability to recapture Massachusetts residents traveling to Con-

necticut, Rhode Island and Atlantic City to gamble, while residents of Maine, New Hampshire, Vermont and even Connecticut will find it more convenient to gamble in Massachusetts. With even a small tourism capture, total demand for gaming in Massachusetts is approximately $2.03 billion per year, and if the propensity to gamble returns to pre-recessionary levels, it could reach $2.7 billion by the time new facilities are fully operational in 20172018. This will mean $400 to $500 million per year in new revenues for state government.

10,000 Permanent Jobs Expected

Second, the commonwealth’s expanded gaming legislation requires a minimum capital investment of $500 million in the resort casinos and $125 million in the slot parlor ($1.6 billion). However, the existing proposals suggest that total capital investment could reach $2.5 billion. These new investments have the potential to generate at least 10,000 construction jobs over the next few years and another 10,000 permanent jobs at the casinos and slot parlor. Approximately 73 percent of casino jobs require a high

Commercial Transactions For a complete list of commercial property sales that have closed in the past month, see our full monthly review, starting on page 7.

250 Elm St, Dedham........................ $94,250,000 Use: Apartment Bldg - 9 + Units B: Archstone Legacy Place LP S: Fairfield Dedham LP Mtg: CBRE Capital Markets $60,000,000 Date: 08/10/12 Total Assessed Value (2012): $38,151,200 Lot Size: 413384sf Prior Sale: $6,855,000 (10/06)

5 Parkwood Dr U:5, Hopkinton....... $31,098,108

Use: Industrial Condominum B: Elmwood Park Property LLC S: RREEF America REIT 3-ZI Date: 08/24/12 Total Assessed Value (2012): $19,978,700

school diploma or associate’s degree, but these jobs pay an average of $35,000 to $45,000 per year, while providing a full package of fringe benefits. Thus, the casino industry will play a significant role in addressing the state’s “blue collar recession.” It is an important new departure in the state’s economic development strategy that will create a diverse array of comparatively well-paying full-time jobs to individuals with low and middle-range skills in the service sector.

Casino gaming does not need to come at the expense of other initiatives, such as those in the life sciences, education reform, or research and development, but as parallel strategies, should complement, rather than compete with each other, in promoting job growth in the commonwealth. In fact, when measured by their ability to attract venture capital investment, eight of the top 10 “high-tech” states already have casinos.

The state’s policymakers have finally recognized that even though Massachusetts has one of the most highly educated populations in the nation – 38.3 percent with a bachelor’s degree or higher – it is also true that 61.7 percent of the state’s adult residents do not have a bachelor’s degree. A comprehensive statewide economic development strategy should include industries that provide tangible opportunities for higher incomes and career advancement for individuals working in this segment of the labor market. n Clyde W. Barrow, Ph.D., is director of the Center for Policy Analysis at UMass Dartmouth.

1 Technology Dr, Westborough....... $7,665,000 Use: Office Bldg-General B: 1 Tech Works LLC S: One Tech Westborough LLC Date: 08/17/12 Total Assessed Value (2012): $6,096,200 Lot Size: 220035sf Prior Sale: $9,212,500 (03/06)

50 Cabot St, Needham..................... $7,450,000 Use:Office Bldg-General B: 50 Cabot Realty Assoc LLC S: Eric A Katz Tr, Tr for 1 Needham Place RT Mtg: Northern Bk & Tr Co $5,390,000 Date: 08/22/12 Total Assessed Value (2012): $4,936,000 Lot Size: 71874sf

300 Boylston St, Newton................. $46,000,000

2031-2039 Boston Rd, Wilbraham.. $18,150,000

19-31 Needham St U:1, Newton....... $5,000,000

Use: Shopping Ctr/Mall B: Atrium Wellness Ctr LLC S: Mayflower Atrium LLC Date: 07/19/12 Total Assessed Value (2012): $59,230,100 Lot Size: 125771sf Prior Sale: $33,229,269 (09/99)

Use: Mixed Use-Prim Comm & Other B: Maxine N Dunitz Tr, Tr for Maxine & Gerald Dunitz T S: Merchant Wilbraham 2 LLC Mtg: Liberty Bk $13,300,000 Date: 08/16/12 Total Assessed Value (2012): $14,082,100 Lot Size: 666906sf Prior Sale: $6,100,000 (07/07)

68 Elm St, Hopkinton...................... $31,098,108

55 Murphy Dr, Avon.......................... $7,750,000

665 S Washington St, North Attleboro.. $5,000,000

Use: Industrial Office Building B: Elmwood Park Property LLC S: RREEF America REIT 3-ZI Mtg: Sovereign Bank FSB $21,500,000 Date: 08/24/12 Total Assessed Value (2012): $4,273,800 Lot Size: 87120sf Prior Sale: $8,744,979 (11/05)

Use: Industrial Warehouse B: 55 Murphy Drive LLC S: GE Credit Equities Inc Mtg: Blue Hills Bank $7,500,000 Date: 08/13/12 Total Assessed Value (2012): $11,221,600 Lot Size: 441263sf Prior Sale: $1 (11/11)

Use: Office Condo Unit B: 75-85 Main St Realty LLC S: KSKIM UBC Equity Partners Date: 08/24/12 Total Assessed Value (2012): $826,200 Lot Size: 109399sf

Use: Auto Sales B: Village Attleboro LLC S: Ronald J Tondreault Tr, Tr for Fireside Nissan RT Mtg: Ronald J Tondreault $2,225,000 Date: 08/10/12 Total Assessed Value (2012): $1,443,500 Lot Size: 85813sf Prior Sale: $1 (10/11)

SEPTEMBER 24, 2012

BANKER & TRADESMAN

|

C5

CRE INSIDER

Van Voorhis: Urban Casino Opposition Rooted In Misguided 19th Century Thinking Continued from Page 1 up with one of these mega projects. And what better places to put two projects that could create thousands of new jobs than in hard-hit Springfield – or for that matter, in hardscrabble East Boston, just across the line from Revere?

Misguided Arguments

Gov. Deval Patrick has long hinted that the Foxwoods model of a big resort casino out in the middle of nowhere might work best for Massachusetts. No matter that Foxwoods is now tottering under a couple billion dollars in debt, and according to none other than The New York Times, is battling for its very life.

But apparently the theory is that by putting a casino out in the ’burbs or some remote rural town, we will protect the urban poor and elderly from themselves. Patrick hasn’t been this explicit, but many other lawmakers and local religious leaders certainly have.

But guess what? It’s an old and wornout argument that goes back to at least the 19th century, if not beyond. Comfortable, Victorian, middle-class housewives and professionals crusaded for a century against the supposedly loose morals of the urban working class, battling to shut down taverns and saloons.

After all, all those factory workers certainly couldn’t afford to be blowing money on booze when they had families to support, right?

The moral argument against urban casinos, when put in context, just looks like a modern example of those at the top of the economic ladder preaching down at the bottom. It’s something to think about the next time some antigambling group or church leader warns we could end up with lowwage workers and grey-haired grandmas on social security blowing their money on slot maSCOTT VAN VOORHIS chines.

And if there is really no moral reason to put casinos in the suburbs instead of the cities, there is even less of an economic rationale for it.

Suburbs, Sub-Standard

When Steve Wynn came along with plans to challenge Suffolk Downs for the Boston-area license with a proposal for a $1 billion casino in Foxborough, you could almost hear cheering from all the urban casino naysayers.

But Wynn’s gambit to build a casino on Bob Kraft’s land across from Gillette Stadium was hopelessly flawed from the start. Wynn and Kraft totally miscalculated the depth of opposition to their proposal, as well as the many roadblocks a relatively sophisticated suburb could use to derail an unpopular project.

But it’s not just a quirky Foxborough issue. You are never going to get relatively well-off Boston suburbs to agree to be the launching pad for the commonwealth’s casino industry. Period.

And that’s in larger part because the suburbs are the wrong place to put such a project.

Foxborough and the other suburbs around Boston don’t need yet another mall, albeit one with slot machines and maybe a few glitzy restaurants and clubs thrown in. Nor do their relatively wellpaid white collar and skilled blue-collar residents need the jobs, with the unemployment rate in Boston’s suburbs far below the national average.

That means a suburban casino will have to tap into urban labor markets, from Worcester to Boston, to fill its

The state’s budding effort to license a trio of casinos has the potential to rev the economic engines of cities and communities that wind up with one of these mega projects. And what better places to put two projects that could create thousands of new jobs than in hard-hit Springfield – or for that matter, in hardscrabble East Boston?

ranks. And even that may not work – once the cost of gas is included, it may simply make no sense for someone in East Boston to drive out to Foxborough or some other distant suburb each day for a casino job that may only pay $15 an hour.

Casino Catalysts

Beacon Hill and Patrick envisioned 2011’s landmark casino law as a jobs and

economic development stimulus program.

And if that’s still the point, it’s hard not come to the conclusion the Bay State’s cities – and not its affluent suburbs – are the right place for our new casinos.

It’s hard to see how MGM’s $800 million casino plan couldn’t but help revive the fortunes of struggling Springfield, especially its poverty-stricken South End,

still battling to recover from last year’s devastating tornado.

The $1 billion casino Suffolk Downs has proposed could provide a major boost to scrappy East Boston, long cutoff from the rest of Boston by geography.

Moreover, both casinos would be in central locales. Simply put, that means job opportunities to a much wider range of low-income and blue-collar workers than a suburban or even small-town location could ever provide.

And with Suffolk and a host of casino developers in Springfield in the lead so far in the battle for two of the state’s three casino licenses, urban casinos may very well win the day. But with the first casino not likely to open before 2015, there is still a lot of competition and debate ahead.

And those old stereotypes about urban living could still win out, if we let them. n Scott Van Voorhis can be reached at sbvanvoorhis@hotmail.com

We want to make new friends At Dedham Savings, we’ve been making commercial real estate and commercial and industrial loans for a long time. The bonds we form with customers go beyond our business relationship.

We become friends with our customers. And we’re ready to make some new friends.

$5,940,000: Dedham

$2,200,000: Westwood

(Office/industrial park)

(12-lot residential subdivision)

$2,725,000: Barre

$2,075,000: South End

(Solar photovoltaic project)

(Residential condo conversion)

$2,700,000: Walpole

$1,500,000: Waban

(28,000 s.f. retail strip mall)

(Single-family spec. construction)

Want to talk about your business lending needs? Just ask for: Doug Stevens Joe Cavallini Bill Lindquist Don Isles Mike Moran Abby King

C6

BANKER & TRADESMAN

LEASE

ROUNDUP

|

CRE INSIDER

SEPTMEBER 24, 2012

Companies are constantly on the move in the Bay State’s dynamic commercial real estate market. It’s a high stakes game of musical chairs – and the landlords with the best information on who’s heading where have an inside edge. Our monthly Lease Roundup aims to provide that edge, offering a snapshot of leasing activity across the commonwealth. The following information was compiled from reports originally published on www.bankerandtradesman.com between Aug. 22 and Sept. 18. It is not meant to be a comprehensive accounting of all leases executed during that time. If you recently signed a new lease and want to potentially appear in future editions of the Lease Roundup, please send all relevant leasing and representation information to editorial@thewarrengroup.com. High resolution photos and graphics are welcomed in .jpeg and .gif formats.

Address: 420 Boylston St. City/Town: Boston Tenant: Boston Foundation Landlord: A.W. Perry Square Feet Taken: 8,412 Lease: New Tenant Representation: Garrett Larivee,

Dave Richardson; McCall & Almy Landlord Representation: Rich Beal; Perry Brokerage Associates

Address: 440 McClellan Highway Address: 20 Walkup Drive

Address: 100 Cummings Center

City/Town: Westborough

City/Town: Beverly

Tenant: Pall Corp.

Tenant: Xylem Inc.

Landlord: Alexandria Real Estate

Landlord: National Industrial Portfolio

Equities Square Feet Taken: 113,000 Lease Type: New Tenant Representation: Cushman &

Square Feet Taken: 39,000

Wakefield Landlord Representation: Colliers International

Lease Type: New Tenant Representation: Jamie McManus;

Cummings Properties Landlord Representation: Jamie

City/Town: East Boston Tenant: Alan Ritchey Inc Landlord: Cargo Ventures Square Feet Taken: 30,472 Lease Type: New Tenant Representation: David Corkery; CB

Richard Ellis - NE Partners Landlord Representation: J.P. Plunkett, Dan Collins; NAI Hunneman

Address: 177 Huntington Ave. City/Town: Boston Tenant: Beacon Capital Partners LLC Landlord: First Church of Christ,

Scientists Square Feet Taken: 200,000 Lease: New Tenant Representation: N/A Landlord Representation: Coleman Benedict; Holliday Fenoglio Fowler LP Address: Walpole Park South Building 8

McManus; Cummings Properties

City/Town: Walpole Address: 170 Lexington Road

Tenant: CertiFit Inc.

City/Town: Billerica

Landlord: John D. Murphy Co.,

Tenant: Nashoba Learning Group

Square Feet Taken: 29,622

Landlord: CrossHarbor Capital Partners.

Lease: New

Square Feet Taken: 16,901

Tenant Representation: N/A

Lease Type: New

Landlord Representation: Catherine

Tenant Representation: Jack Kerrigan,

Minnerly, Ovar Osvold, NAI Hunneman

Steve Cook; Avison Young Landlord Representation: N/A Address: 152 Conant St. City/Town: Beverly Address: 690 Bridge St.

Tenant: Partners Healthcare at Home

City/Town: Weymouth

Landlord: The Connolly Partnership

Tenant: Sullivan Tire Co. Inc.

Square Feet Taken: 18,227

Landlord: Drive-In Development Corp.

Lease Type: New

Square Feet Taken: 4,590

Tenant Representation: Julie Gray;

Lease Type: New Tenant Representation: N/A

McCall & Almy Landlord Representation: Greg Klemmer,

Landlord Representation: Ellen Faye of

Tim Brodigan; NAI Hunneman

Capital Commercial Address: 1075 Main St Address: One Alewife Center

City/Town: Waltham

City/Town: Cambridge

Tenant: Citizen’s Disability

Tenant: Permabit Technology Corp. P.C.

Landlord: The Connolly Partnership

Landlord: Brookwood financial Partners

Square Feet Taken: 42,905

LLC Square Feet Taken: 11,758 Lease Type: Relocation Tenant Representation: Robert Richards;

Lease Type: Sublease

Richards, Barry Joyce & Partners Landlord Representation: Tucker Hansen; Colliers International Address: 100 Adams Road City/Town: Clinton Tenant: Radiant Technologies Inc. Landlord: National Industrial Portfolio Square Feet Taken: 58,852 Lease Type: New Tenant Representation: David

Stubblebine, James Stubblebine, Alan Ringuette; The Stubblebine Co. Landlord Representation: David Stubblebine, James Stubblebine, Alan Ringuette; The Stubblebine Co.

Tenant Representation: Stephen James,

Dan Collins; NAI Hunneman Sub-Landlord Representation: Rob Walles; CB Richard Ellis

Address: 246 Mill St. City/Town: Leominster Tenant: CVS Pharmacy Landlord: 246 Mill St. LLC. Square Feet Taken: 99,553 Lease Type: New Tenant Representation: Mike Jacobs;

Glickman Kovago & Co. Landlord Representation: Mike Jacobs; Glickman Kovago & Co. Address: 1205 Hancock St. City/Town: Quincy Tenant: Lapels Landlord: N/A Square Feet Taken: 1,247 Lease: New

Address: 222 Rosewood Drive City/Town: Danvers Tenant: Coastal Capital Corp.

Landlord: N/A

Tenant Representation: Richard

Square Feet Taken: 7,536

McKinnon; The Grossman Cos. Inc Landlord Representation: Richard

Tenant Representation: The Simard Co.

McKinnon; The Grossman Cos. Inc

Lease: Expansion Landlord Representation: David Connolly,

Kerry Hawkins; CB Richard Ellis

COMMERCIAL SALES MONTHLY REVIEW Murray Rd Lot:2, Ashfield.............................

Acushnet

67 Hope St, Acushnet................................... $160,000 Use:Mixed Use-Prim Res & Comm (013) B: Jose F Marmelo S: Cheryl-Ann Kuslock Tr, Tr for Cheryl-Ann Kuslock RET Mtg: Guaranteed Rate Inc $128,000 Date: 08/31/12 Total Assessed Value (2012): $230,100 Lot Size: 12000sf Prior Sale: $1 (10/04)

5 Hoosac St, Adams..................................... $275,000 Use:Commercial Warehouse (316) B: Bayliss Holdings LLC S: 5 Hoosac Street LLC Mtg: Hoosac Bank $220,000 Date: 08/14/12 Total Assessed Value (2012): $327,500 Lot Size: 65776sf Prior Sale: $75,000 (01/07)

57 Almgren Dr, Agawam.............................. $249,000 Use:Manufacturing Building (400) B: OMG Inc S: Agawam Mill LP Mtg: TD Bank NA $1,837,500 Date: 08/29/12 Total Assessed Value (2012): $3,588,500 Lot Size: 587624sf Prior Sale: $450,000 (08/97)

$15,000

Use:Commercial Potntl Dvlp Land (391) B: Lance Mallett & Mandy Mallet S: Emelda Haughton, Adm for Robichaud Everett A Est Date: 08/17/12 Total Assessed Value (2012): $39,400 Lot Size: 108900sf

Attleboro

15 Jennifer Leigh Dr, Attleboro.................... $450,000

Allston

11 Quint Ave, Allston.................................... $1,755,000 Use:Apartment Bldg - 4-8 Units (111) B: Quint Realty LLC S: Shin C Liu Tr, Tr for Quint RT Mtg: Brookline Cp Bk $1,315,000 Date: 08/08/12 Total Assessed Value (2012): $1,189,500 Lot Size: 5442sf

Use:Res Potentially Dvlpble Land (131) B: Heidi L Harris & Maurice R Harris S: WB Constr & Dev Inc Mtg: Flagstar Bank FSB $320,000 Date: 08/20/12 Total Assessed Value (2012): $132,200 Lot Size: 20060sf

561 Newport Ave, Attleboro......................... $250,000

Amesbury

44 Main St, Amesbury.................................. $190,000 Use:Retail-Service (325) B: Steven M Moran & Candice A Moran S: TGH LLC Mtg: Salem FiveCts Svgs Bk $150,000 Date: 08/21/12 Total Assessed Value (2012): $310,500 Lot Size: 5310sf Prior Sale: $475,000 (09/04)

Use:Manufacturing Building (400) B: Sadler Mill LP S: 561 Newport Avenue Inc Date: 08/23/12 Total Assessed Value (2012): $397,800 Lot Size: 41439sf

24 Park St U:205, Attleboro..........................

Amherst

466 S Pleasant St, Amherst......................... $150,000 Use:College (977) B: Justin T Serpone & Angela A Mcmohan S: Amherst College Mtg: Greenfield Svgs $240,000 Date: 08/13/12 Total Assessed Value (2012): $413,600 Lot Size: 20000sf

Use:Office Condo Unit (343) B: A 1 Alert Inc S: Michael S Oberlander & Chrstine Oberlander Mtg: Webster Bank $60,000 Date: 08/17/12 Total Assessed Value (2012): $94,600 Prior Sale: $109,900 (09/05)

$75,000

12 Robert St, Attleboro................................ $554,000

Arlington

34 Winter St, Arlington................................ $4,214,196 Use:City/Town Property (903) B: Schools For Children Inc S: Arlington Town Of Mtg: Cambridge Tr Co $2,400,000 Date: 08/22/12 Total Assessed Value (2012): $6,477,100 Lot Size: 164439sf

Use:Apartment Bldg - 4-8 Units (111) B: 13 JAE LLC S: Thomas C Semple Tr, Tr for Alan R Semple T Date: 08/23/12 Total Assessed Value (2012): $442,300 Lot Size: 17276sf Prior Sale: $144,500 (12/96)

Auburn

188 Auburn St, Auburn................................. $178,000

$24,000

Use:Res Potentially Dvlpble Land (131) B: Carlos Amaral & Maria M Amaral S: Brian N Freeman Date: 08/20/12 Total Assessed Value (2012): $90,100 Lot Size: 784951sf

Use:Mixed Use-Prim Res & Comm (013) B: 188 Auburn Street LLC S: Paul L Huard Date: 08/29/12 Total Assessed Value (2012): $224,500 Lot Size: 7650sf Prior Sale: $130,000 (08/95)

Avon

55 Murphy Dr, Avon..................................... $7,750,000

Bug Hill Rd, Ashfield.................................... $125,000 Use:Res Potentially Dvlpble Land (131) B: Kim Q Matland & Linda M Farmer S: Wesley B Vandine Date: 08/13/12 Total Assessed Value (2012): $107,900 Lot Size: 2290254sf

$95,000

Use:Res Potentially Dvlpble Land (131) B: Richmond Dev Corp S: Steven A Hickey Tr, Tr for Cross Street RT Date: 08/17/12 Total Assessed Value (2012): $49,600 Lot Size: 14810sf

65 Fielding Way, Athol..................................

Use:Gas/Service Station (334) B: 395 Main St-Mead St Agawa S: Frank C Pignatare Mtg: Freedom Credit Union $440,000 Date: 08/15/12 Total Assessed Value (2012): $449,200 Lot Size: 21780sf

Ashfield

Use:Res Potentially Dvlpble Land (131) B: Pierluca Chiodelli & Rosa Chiodelli S: Richmond Dev Corp Mtg: TD Bank NA $392,000 Date: 08/17/12 Total Assessed Value (2012): $49,600 Lot Size: 14810sf

Athol

395 Main St, Agawam................................... $450,000

E Rindge Rd, Ashburnham............................

30 Summit Ln, Ashland................................ $577,850

30 Summit Ln, Ashland.................................

Agawam

Ayer

Billerica

Use:Office Condo Unit (343) B: Peter Muz S: Sophia X Bogdasarian Date: 08/09/12 Total Assessed Value (2012): $209,700

Use:Office Condo Unit (343) B: APSPS RT & Stephen A Goldbreg Tr S: Steven A Choate by Enterprise B&T Co Foreclosure Deed Date: 08/31/12 Total Assessed Value (2012): $48,900 Prior Sale: $136,000 (11/05)

190 Groton Rd U:120, Ayer.......................... $240,000

190 Groton Rd U:290, Ayer.......................... $223,000

Ashland

Adams

Ashburnham

$80,000

Use:Res Potentially Dvlpble Land (131) B: Robert J Mead S: Michael C Day & Comerica Bank Foreclosure Deed Date: 08/21/12 Total Assessed Value (2012): $61,100 Lot Size: 161041sf Prior Sale: $49,900 (01/96)

Use:Industrial Warehouse (401) B: 55 Murphy Drive LLC S: GE Credit Equities Inc Mtg: Blue Hills Bank $7,500,000 Date: 08/13/12 Total Assessed Value (2012): $11,221,600 Lot Size: 441263sf Prior Sale: $1 (11/11)

Use:Office Condo Unit (343) B: Asha A Naidu S: Peter Muz Date: 08/09/12 Total Assessed Value (2012): $158,400 Prior Sale: $185,000 (11/10)

1492 Main St, Barnstable............................. $270,000 Use:Mixed Use-Prim Res & Comm (013) B: Robert Gustafson S: FNMA Date: 08/10/12 Total Assessed Value (2012): $374,300 Lot Size: 42689sf Prior Sale: $332,077 (10/11)

Barre

15-17 Beech St, Barre................................. $155,000 Use:Apartment Bldg - 4-8 Units (111) B: L&B Realty LLC S: Peter F Gonnerman Tr, Tr for Gonnerman 2006 FT Mtg: Leah R Berk $150,000 Date: 08/17/12 Total Assessed Value (2012): $183,700 Lot Size: 5833sf Prior Sale: $1 (08/07)

15-17 Beech St, Barre................................. $155,000 Use:Apartment Bldg - 4-8 Units (111) B: L&B Realty LLC S: Peter F Gonnerman Tr, Tr for Gonnerman 2006 FT Mtg: Leah R Berk $150,000 Date: 08/17/12 Total Assessed Value (2012): $183,700 Lot Size: 5833sf Prior Sale: $1 (08/07)

377-395 Stetson Rd, Barre.......................... $196,569 Use:Indoor Recreation (377) B: 377 Stetson LLC S: TEC Corp Date: 08/16/12 Total Assessed Value (2012): $213,700 Lot Size: 87480sf Prior Sale: $300,000 (05/07)

Belchertown

37 State St, Belchertown............................. $598,000 Use:Restaurant/Bar (326) B: 37 State Street LLC S: Besada Realty LLC Mtg: Claude Beatdoin $460,000 Date: 08/15/12 Total Assessed Value (2012): $644,200 Lot Size: 62291sf Prior Sale: $570,000 (07/05)

Bellingham

30 Paine St, Bellingham.............................. $145,000 Use:Retail-Service (325) B: Paine Street RT LLC S: Bristol County SB Mtg: Bristol Cnty Svgs Bk $175,000 Date: 08/24/12 Total Assessed Value (2012): $231,900 Lot Size: 21859sf Prior Sale: $150,000 (07/11)

269 Cabot St U:2, Beverly.............................

Use:Office Condo Unit (343) B: Stephen C Archer S: Archer Props LLC Mtg: Beverly Cp Bk $180,000 Date: 08/31/12 Total Assessed Value (2012): $114,100 Prior Sale: $1 (01/08)

$90,000

645 Hale St, Beverly.................................... $490,000 Use:Mixed Use-Prim Res & Comm (013) B: Barbara C Chute S: Robert A Pirrmann & Pamela J Coatti Mtg: Boston Private Bank $375,000 Date: 08/31/12 Total Assessed Value (2012): $516,400 Lot Size: 9706sf Prior Sale: $574,000 (12/04)

About Our Commercial Sales Data

C

ommercial Sales Monthly Review provides a recap of commercial, industrial and other income-producing property sales that have appeared in the previous four weekly issues of Banker & Tradesman. This reference is an easy-to-use listing of these hard-to-find sales, compiled by The Warren Group, B&T’s parent company.

Included in these listings are residential developable land, residential properties with more than three units and many mixed-use parcels. The residential developable land properties are included in the list because they are often sources of income for developers. Similarly, multi-unit residential units are deemed to be income-producers as opposed to purely places of residence for the owner. Mixed-use parcels are included because they often have non-residential features.

Because property use designations are culled from assessors’ records and not from the deed to the property, this section includes only those communities where we have the assessor’s property file – the communities The Warren Group calls COMPreport towns, which now includes all Massachusetts communities except for Great Barrington and Hancock.

What You Will Find The records are organized alphabetically by town and street name. In addition to the property address, buyer, seller, lender, mortgage amount, lot size and prior sale data that were detailed when these sales were originally published in the Official

$76,000

7 Bridge St U:7, Billerica..............................

$76,000

25 Bridge St U:4, Billerica............................

$50,000

Use:Office Condo Unit (343) B: APSPS RT & Stephen A Goldbreg Tr S: Steven A Choate by Enterprise B&T Co Foreclosure Deed Date: 08/31/12 Total Assessed Value (2012): $45,000

Barnstable

Beverly

7 Bridge St U:4, Billerica..............................

Records section of Banker & Tradesman, the records in this recap also include the filing date, building area (when available) and total assessed value. The fiscal year of the assessment is also noted.

How the Data Is Compiled

After a sale transaction is entered into the The Warren Group database, the address is compared to the addresses in the assessor’s property file. Whenever a match occurs, The Warren Group takes the details from the property record and creates the enhanced sales records published here. If The Warren Group cannot be sure of matching the correct records, it does not match them at all. If it is unable to identify an unmatched sale’s property-use class, that sale will not be included in this recap.

As The Warren Group processes the assessor’s files, it checks that property-use codes are used consistently across all towns.

To this end, The Warren Group sometimes translates a code that one town has created for its own purpose into a code that has the same meaning in the The Warren Group system. There are some instances where The Warren Group has created its own codes to supplement the Massachusetts Department of Revenue codes. This is generally done for multi-use parcels where assessors have assigned their own supplemental codes for greater specificity. In turn, when The Warren Group processes the assessor’s files, it applies its own code to standardize the use code applied to these properties.

Use:Office Condo Unit (343) B: Carlos Brebbia S: Pamela Piraino, Ex for Smith Lorriane D Est Date: 08/06/12 Total Assessed Value (2012): $53,900 Prior Sale: $45,000 (03/05)

Boston

410 Boylston St U:3, Boston........................ $1,700,000 Use:Office Condo Unit (343) B: 410-03 Boylston St LLC S: 410 Boylston St Assoc Date: 08/27/12 Total Assessed Value (2012): $222,500 Lot Size: 1956sf

56 Chandler St, Boston................................ $1,520,000 Use:Apartment Bldg - 4-8 Units (111) B: 56 Chandler Dev LLC S: Joseph P Silvey Mtg: Hingham Inst for Svgs $1,965,000 Date: 08/17/12 Total Assessed Value (2012): $869,000 Lot Size: 1100sf

200 Lincoln St U:203, Boston....................... $330,000 Use:Office Condo Unit (343) B: 200 Lincoln St LLC S: Chun W Ng Tr, Tr for Bel Air RT Date: 08/08/12 Total Assessed Value (2012): $159,000 Lot Size: 825sf

424 Marlborough St, Boston........................ $1,000,000 Use:Mixed Use-Prim Comm & Resd (031) B: Thomas F Malone Tr, Tr for TFM Marlboro Market T S: William P Malone Tr, Tr for WPM Marlboro Market T Date: 08/14/12 Total Assessed Value (2012): $976,500 Lot Size: 1969sf

9 Sheafe St, Boston..................................... $920,000 Use:Apartment Bldg - 4-8 Units (111) B: Milo Pulde & Margot Seligman S: Tommasino S Taurasi Mtg: MSA Mortgage LLC $690,000 Date: 08/17/12 Total Assessed Value (2012): $527,000 Lot Size: 1100sf

Bourne

152 Cranberry Hwy U:6, Bourne.................. $100,000 Use:Office Condo Unit (343) B: Travers Landscape Constr S: Donald B Shulman Tr, Tr for Cranberry Highway RT Mtg: Cape Cod Cp Bk $75,000 Date: 08/31/12 Total Assessed Value (2012): $143,200

218 Main St, Bourne.................................... $185,000 Use:Commercial Devlpble Land (390) B: 218 Main Street RT & Timothy O Eldredge Tr S: Sanford Props LLC Date: 08/27/12 Total Assessed Value (2012): $232,100 Lot Size: 83417sf Prior Sale: $150,000 (08/00)

304 Shore Rd, Bourne.................................. $1,050,000 Use:Commercial Warehouse (316) B: Back River Marine & Agric S: Matthew Stommel Tr, Tr for 304 Shore Road RT Mtg: Michael L Katzeff $740,000 Date: 08/15/12 Total Assessed Value (2012): $893,900 Lot Size: 76230sf Prior Sale: $250,000 (07/01)

Braintree

845 Granite St, Braintree............................ $1,620,000 Use:Industrial Warehouse (401) B: Donald R Charlebois Tr, Tr for Graceland RT S: Prologis LP Mtg: RBS Citizens NA $1,296,000 Date: 08/17/12 Total Assessed Value (2012): $1,127,400 Lot Size: 133294sf

Brimfield

Brookfield Rd, Brimfield...............................

$20,000

Use:Res Potentially Dvlpble Land (131) B: Christopher J Ferris S: John W Dolan & Debra G Dolan Date: 08/10/12 Total Assessed Value (2012): $75,700 Lot Size: 116741sf Prior Sale: $52,000 (02/06)

Brockton

11 Bellevue Ave, Brockton.......................... $260,324 Use:Apartment Bldg - 4-8 Units (111) B: Retained Realty Inc S: Jaquer Douglas by Emigrant Funding Corp Foreclosure Deed Date: 08/31/12 Total Assessed Value (2012): $313,900 Lot Size: 7841sf Prior Sale: $260,324 (07/12)

11 Bellevue Ave, Brockton.......................... $300,000 Use:Apartment Bldg - 4-8 Units (111) B: Hadbro Family LP S: Retained Realty Inc Date: 08/31/12 Total Assessed Value (2012): $313,900 Lot Size: 7841sf Prior Sale: $260,324 (07/12)

336 Belmont St, Brockton........................... $243,250 Use:Apartment Bldg - 4-8 Units (111) B: Wells Fargo Bank NA S: Rolfort Joseph & Wells Fargo Bank NA Foreclosure Deed Date: 08/22/12 Total Assessed Value (2012): $230,900 Lot Size: 9148sf Prior Sale: $235,000 (10/10)

62 Centre St, Brockton................................ $1,650,000 Use:Manufacturing Building (400) B: Trinity Brockton LP S: Gardner Dev LLC by United Bank Foreclosure Deed Date: 08/27/12 Total Assessed Value (2012): $386,800 Lot Size: 14810sf Prior Sale: $1 (04/04)

©2012 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

COMMERCIAL SALES MONTHLY REVIEW

C8 14 Florence St, Brockton............................ $100,000 Use:Manufacturing Building (400) B: Florence Street LLC S: Eugene G Alfonso, Ex for Alfonso Joanne M Est Mtg: Eugene G Alphonso $100,000 Date: 08/21/12 Total Assessed Value (2012): $216,800 Lot Size: 22651sf

18 Florence St, Brockton............................ $175,000 Use:Apartment Bldg - 4-8 Units (111) B: Florence Street LLC S: Eugene G Alfonso, Ex for Alfonso Joanne M Est Mtg: Ferdie LLC $150,000 Date: 08/21/12 Total Assessed Value (2012): $209,300 Lot Size: 4792sf

53 Montello St, Brockton............................. $250,000 Use:Industrial Devlpble Land (440) B: Trinity Brockton LP S: Taymor Dev LLC by United Bank Foreclosure Deed Date: 08/27/12 Total Assessed Value (2012): $134,140 Lot Size: 14375sf Prior Sale: $1 (04/07)

193 N Main St, Brockton.............................. $416,000 Use:Apartment Bldg - 9 + Units (112) B: Ocean Real Estate Investm S: Patrick R Langley by Mulangs Co Inc Mtg: Bee Investments LLC $525,000 Foreclosure Deed Date: 08/30/12 Total Assessed Value (2012): $532,400 Lot Size: 6534sf Prior Sale: $650,000 (01/07)

638 N Main St, Brockton.............................. $160,000 Use:Mixed Use-Prim Res & Comm (013) B: Mitchell Taylor S: Michael J Lally, Ex for Lally Grace M Est Date: 08/06/12 Total Assessed Value (2012): $271,400 Lot Size: 10454sf

Brookline

1368 Beacon St U:205, Brookline................ $125,000 Use:Office Condo Unit (343) B: BRADEREM LLC S: William S Levine Date: 08/14/12 Total Assessed Value (2012): $105,100

1408 Beacon St U:1, Brookline.................... $386,000 Use:Non-residential Condo (349) B: Tenley Prince & Benjamin J Prince S: Prudence Willard-Hignett Mtg: Salem FiveCts Svgs Bk $375,000 Date: 08/09/12 Total Assessed Value (2012): $600,300 Prior Sale: (08/06)

39 Garrison Rd, Brookline........................... $1,400,000 Use:Apartment Bldg - 4-8 Units (111) B: 39 Garrison Road LLC S: Alan J Shapiro Mtg: Cambridge Tr Co $1,050,000 Date: 08/30/12 Total Assessed Value (2012): $973,800 Lot Size: 2200sf

Burlington 42 S Bedford St, Burlington......................... $271,000 Use:City/Town Property (903) B: Laurens D Tromp & Lucy B Guzman S: Burlington Town Of Date: 08/14/12 Total Assessed Value (2012): $316,200 Lot Size: 25600sf Prior Sale: $1 (12/06)

Cambridge 85 1st St, Cambridge................................... $2,560,000 Use:Retail-Service (325) B: Linear Retail Cambridge 2 S: Epic RT LLC Date: 08/07/12 Total Assessed Value (2012): $726,500 Lot Size: 16250sf Prior Sale: $1 (03/10)

107 1st St, Cambridge................................. $3,140,000 Use:Retail-Any (327) B: Linear Retail Cambridge 2 S: Epic RT LLC Date: 08/07/12 Total Assessed Value (2012): $2,146,500 Lot Size: 16000sf

446 Cambridge St, Cambridge.................... $841,500 Use:Mixed Use-Prim Res & Comm (013) B: Saroria LLC S: Arthur J Souza & Dorothy Souza Mtg: Cambridge Svgs Bk $631,125 Date: 08/23/12 Total Assessed Value (2012): $645,600 Lot Size: 2750sf

535 Cambridge St, Cambridge.................... $365,000 Use:Retail-Service (325) B: Paras Mehta S: Maureen Sullivan & Marla Shapses Mtg: Wellesley Cp Bk $273,750 Date: 08/31/12 Total Assessed Value (2012): $864,100 Lot Size: 5935sf Prior Sale: $900,000 (03/10)

90 Hamilton St, Cambridge.......................... $1,700,000 Use:Office Bldg-General (340) B: Urban-SRP 90 Hamilton LLC S: 90 Hamilton Street LLC Mtg: Enterprise Bk & Tr Co $1,510,000 Date: 08/09/12 Total Assessed Value (2012): $1,509,200 Lot Size: 10413sf Prior Sale: $920,000 (04/98)

247 Main St, Cambridge.............................. $514,805 Use:Other Exempt (960) B: Boston Props LP S: Cambridge Redev Author Date: 08/30/12 Total Assessed Value (2012): $1,580,900 Lot Size: 14373sf

Carlisle 998 Bedford Rd, Carlisle............................. $450,000 Use:Mixed Use-Prim Res & Comm (013) B: Myriam Fleurimond, Tr for Dale Joachim S: Peter L Morey Tr, Tr for 998 Bedford Road RT Mtg: MSA Mortgage LLC $441,849 Date: 08/28/12 Total Assessed Value (2012): $617,200 Lot Size: 95832sf

Carver 229 Tremont St, Carver............................... $225,000 Use:Mixed Use-Prim Comm & Resd (031) B: Vincent Dirusso S: Apex Inc Date: 08/23/12 Total Assessed Value (2012): $577,600 Lot Size: 34848sf

312-316 Blue Hill Ave, Dorchester...............

Prior Sale: $400,000 (08/10)

Charlton

217 Sturbridge Rd, Charlton........................ $2,575,000 Use:Apartment Bldg - 9 + Units (112) B: Juniper Apartments LLC S: Juniper Hill Apts LLC Mtg: Country Bank $2,060,000 Date: 08/31/12 Total Assessed Value (2012): $1,791,300 Lot Size: 964854sf Prior Sale: $2,060,736 (07/08)

Chatham

210 Orleans Rd, Chatham............................ $187,000 Use:Mixed Use-Prim Res & Comm (013) B: Tiffiny J Field S: John J Mullaney Tr, Tr for Mullaney FT Mtg: Cape Cod Five Cent Bk $140,250 Date: 08/07/12 Total Assessed Value (2012): $2,044,000 Lot Size: 91911sf Prior Sale: $1,150,000 (02/99)

Chelmsford

11 Summer St U:5, Chelmsford................... $165,000 Use:Office Condo Unit (343) B: Harrower-Price Props LLC S: Edmund F Guaraldi Jr Tr, Tr for Guaraldi RT Mtg: Enterprise Bk & Tr Co $413,750 Date: 08/24/12 Total Assessed Value (2012): $179,200

104 Park St, Chelsea................................... $310,000 Use:Mixed Use-Prim Res & Comm (013) B: Syed A Hakam & Kalida Hakam S: William R Festa Date: 08/13/12 Total Assessed Value (2012): $447,400 Lot Size: 3080sf Prior Sale: $125,000 (11/95)

81-83 Spencer Ave, Chelsea....................... $510,000 Use:Apartment Bldg - 4-8 Units (111) B: IMSTAR LLC S: James S Perry Tr, Tr for Charles & James FT Date: 08/20/12 Total Assessed Value (2012): $496,200 Lot Size: 4000sf Prior Sale: $1 (03/06)

Knox St, Chicopee..........................................

Use:Other Exempt (960) B: Willimansett Waste Co Inc S: Chicopee City Of Date: 08/20/12 Total Assessed Value (2012): $2,100 Lot Size: 6098sf

128 Lafayette St, Chicopee..........................

$5,000

$72,500

Use:Other Exempt (960) B: Rozalia Luoma S: Chicopee City Of Date: 08/13/12 Total Assessed Value (2012): $130,100 Lot Size: 7405sf

28 Leslie St, Chicopee................................. $125,000 Use:Other Exempt (960) B: Elizabeth Rodrgiuez S: Chicopee Neighborhood Dev Mtg: Academy Mortgage Corp $100,000 Date: 08/10/12 Total Assessed Value (2012): $154,600 Lot Size: 6098sf Prior Sale: $80,000 (03/10)

643 Prospect St, Chicopee.......................... $249,000 Use:Auto Supply (331) B: Amir M Paracha & Irfan Kashif S: Donald J Duda Mtg: Chicopee Svgs Bk $200,000 Date: 08/15/12 Total Assessed Value (2012): $177,100 Lot Size: 45738sf Prior Sale: $200,000 (09/04)

Cohasset

11 Elm St, Cohasset..................................... $300,000 Use:Retail-Service (325) B: Mary S Duxbury S: Judith Bucher Tr, Tr for Lugt FT Mtg: Pilgrim Cp Bk $110,000 Date: 08/31/12 Total Assessed Value (2012): $256,400 Lot Size: 1622sf Prior Sale: $1 (02/08)

Danvers

130 Centre St, Danvers................................ $2,325,000 Use:Mixed Use-Prim Comm & Resd (031) B: RCG Wadsworth Village LLC S: Wadsworth Village LLC Mtg: East Boston Svgs Bk $1,745,000 Date: 08/28/12 Total Assessed Value (2012): $1,834,325 Lot Size: 115434sf Prior Sale: $590,000 (03/94)

10 Purchase St, Danvers............................. $357,000 Use:Mixed Use-Prim Res & Comm (013) B: LCI Realty LLC S: KUSCO LLC Mtg: First Boston Assn T $335,000 Date: 08/30/12 Total Assessed Value (2012): $443,000 Lot Size: 7331sf Prior Sale: $395,000 (04/00)

199 Rosewood Dr, Danvers.......................... $4,445,000 Use:Office Bldg-General (340) B: 199 Rosewood Danvers LLC S: Wells Fargo Bank NA Tr, Tr for JP Morgan Chase Commercia Date: 08/31/12 Total Assessed Value (2012): $6,295,400 Lot Size: 366497sf Prior Sale: $8,800,000 (05/12)

Dedham

333 East St, Dedham.................................... $310,000 Use:Parking Lot (337) B: Whiting Avenue LLC S: Angelo Kostoulas Tr, Tr for Galaxy RT Date: 08/16/12 Total Assessed Value (2012): $196,000 Lot Size: 5345sf Prior Sale: $160,000 (05/03)

250 Elm St, Dedham....................................$94,250,000 Use:Apartment Bldg - 9 + Units (112) B: Archstone Legacy Place LP S: Fairfield Dedham LP Mtg: CBRE Capital Markets $60,000,000 Date: 08/10/12 Total Assessed Value (2012): $38,151,200 Lot Size: 413384sf Prior Sale: $6,855,000 (10/06)

Dennis

155 Depot St, Dennis................................... $311,850 Use:Mixed Use-Prim Res & Comm (013) B: FNMA S: Clementine Walter by Wells Fargo Bank NA Foreclosure Deed Date: 08/10/12 Total Assessed Value (2012): $306,700 Lot Size: 13939sf

Dorchester

$80,000

Use:Commercial Devlpble Land (390) B: Join Venture Capital LLC S: Gerald H Matthews Date: 08/10/12 Total Assessed Value (2012): $55,200 Lot Size: 7135sf Prior Sale: $182,000 (11/95)

115-121 Boston St, Dorchester................... $1,180,000 Use:Manufacturing Building (400) B: 115 Boston Street LLC S: Robert C Odonnell Tr, Tr for R&S RT Mtg: Spencer Svgs Bk $944,000 Date: 08/21/12 Total Assessed Value (2012): $510,000 Lot Size: 15326sf

1245 Dorchester Ave, Dorchester............... $900,000 Use:Auto Supply (331) B: AKSHAM LLC S: Christine Shuris & Michael Shuris Mtg: Rockland Tr Co $630,000 Date: 08/30/12 Total Assessed Value (2012): $260,463 Lot Size: 7685sf

1245 Dorchester Ave, Dorchester............... $900,000 Use:Auto Supply (331) B: AKSHAM LLC S: Christine Shuris & Michael Shuris Mtg: Rockland Fed CU $630,000 Date: 08/30/12 Total Assessed Value (2012): $260,463 Lot Size: 7685sf

126 Granite Ave, Dorchester....................... $400,000

Chelsea

Chicopee

SEPTEMBER 24, 2012

Use:Retail-Service (325) B: Granite Avenue Hldgs LLC S: William J Roper Tr, Tr for Roper RET Date: 08/24/12 Total Assessed Value (2012): $265,000 Lot Size: 7695sf Prior Sale: $1 (09/04)

Easthampton

26-28 Holyoke St, Easthampton.................. $187,000 Use:Mixed Use-Prim Res & Comm (013) B: David S Powers S: Roland A Lafrance & Jacquelyn A Lafrance Mtg: DIL RT $150,000 Date: 08/07/12 Total Assessed Value (2012): $310,700 Lot Size: 22216sf

Edgartown

38 N Water St U:R1, Edgartown....................

Use:Time Share (303) B: Marthas Vineyard Colonial S: Peter Duca Jr & Maureen Duca Date: 08/17/12 Total Assessed Value (2012): $167,800

$41,000

Everett

427 Broadway, Everett................................. $800,000 Use:Retail-Service (325) B: Skyline LLC S: Lillian Ventura Tr, Tr for New Broadway RT Mtg: Peoples United Bank $560,000 Date: 08/27/12 Total Assessed Value (2012): $748,000 Lot Size: 5910sf

23 School St, Everett................................... $750,000 Use:Apartment Bldg - 4-8 Units (111) B: Uri Ben-yashar S: Anthony Dicarlo & Salvy Dicarlo Mtg: Leader Bank NA $562,500 Date: 08/16/12 Total Assessed Value (2012): $624,800 Lot Size: 6306sf Prior Sale: $240,000 (07/94)

Fall River

284-286 Hancock St, Dorchester................ $900,000

652 Bedford St, Fall River........................... $122,500

284-286 Hancock St, Dorchester................ $900,000

35-37 Chavenson St, Fall River................... $150,000

Use:Commercial Undevlpble Land (392) B: Christine Shuris & Michael Shuris S: Christine Shuris & Michael Shuris Mtg: Rockland Tr Co $630,000 Date: 08/30/12 Total Assessed Value (2012): $62,134 Lot Size: 1833sf Use:Commercial Undevlpble Land (392) B: Aksham LLC S: Christine Shuris & Michael Shuris Mtg: Rockland Fed CU $630,000 Date: 08/30/12 Total Assessed Value (2012): $62,134 Lot Size: 1833sf

140 Harrishof St, Dorchester...................... $155,000 Use:Apartment Bldg - 4-8 Units (111) B: Aeneas 4 LLC S: Zion Holiness Church Inc Date: 08/20/12 Total Assessed Value (2012): $316,500 Lot Size: 7000sf

6 Queen St, Dorchester............................... $527,500 Use:Apartment Bldg - 4-8 Units (111) B: Benjamin Dewitt & Vanessa Rydberg-dewitt S: Timothy M Callahan & John S Mclean Mtg: ClearPoint Funding $517,945 Date: 08/17/12 Total Assessed Value (2012): $392,500 Lot Size: 2470sf Prior Sale: $525,000 (10/04)

101 Sydney St, Dorchester.......................... $435,000 Use:Other Exempt (960) B: Grey Shades LJS LLC S: Stephen E Chaletzky Tr, Tr for 101 Sydney Street RT Date: 08/27/12 Prior Sale: $500,000 (05/04)

5 W Howell St, Dorchester........................... $1,180,000

Use:Manufacturing Building (400) B: 115 Boston Street LLC S: Robert C Odonnell Tr, Tr for R&S RT Date: 08/21/12 Total Assessed Value (2012): $232,000 Lot Size: 6325sf

651-663 Warren St, Dorchester.................. $1,840,000 Use:Shopping Ctr/Mall (323) B: KLSL Realty LLC S: 651-663 Warren Street LLC Date: 08/24/12 Total Assessed Value (2012): $1,000,500 Lot Size: 13955sf Prior Sale: $250,000 (07/97)

Dunstable

511 Main St, Dunstable................................ $699,000 Use:City/Town Property (903) B: Dunstable Town Of S: Eric P Best & Geoffry D Best Date: 08/21/12 Total Assessed Value (2012): $933,000 Lot Size: 74923sf

East Boston

300 Bennington St, East Boston...................

$85,000

Use:Retail-Service (325) B: Rogerio Marabuto S: Eduardo S Lima Mtg: St Annes Credit Union $155,000 Date: 08/31/12 Total Assessed Value (2012): $167,800 Lot Size: 1370sf

Use:Apartment Bldg - 4-8 Units (111) B: John W Aguiar S: Sandra Loureiro by Fall River Five Cents SB Mtg: Fall River Five Cents $112,500 Foreclosure Deed Date: 08/10/12 Total Assessed Value (2012): $284,200 Lot Size: 5755sf Prior Sale: $1 (03/11)

713 Davol St, Fall River............................... $150,000 Use:Mixed Use-Prim Res & Comm (013) B: 713 Davos Street LLC S: EA Vallas LLC & Fall River Five Cents SB Mtg: Fall River Five Cents $165,000 Foreclosure Deed Date: 08/17/12 Total Assessed Value (2012): $293,300 Lot Size: 4447sf Prior Sale: $1 (04/08)

4000 N Main St, Fall River........................... $3,427,500 Use:Apartment Bldg - 9 + Units (112) B: Tag Fall River Real Est S: Clearview Investments LLC Mtg: Arbor Commercial Mtg $2,840,000 Date: 08/31/12 Total Assessed Value (2012): $2,780,700 Lot Size: 56628sf Prior Sale: $2,500,000 (12/07)

1393 Rodman St, Fall River......................... $120,000 Use:Mixed Use-Prim Comm & Resd (031) B: Inocencio F Dossantos S: Spindle City Realty LLC Date: 08/17/12 Total Assessed Value (2012): $213,600 Lot Size: 5107sf Prior Sale: $127,608 (04/12)

Fitchburg

525 John Fitch Hwy, Fitchburg.................... $200,000 Use:Auto Sales (330) B: Kyle Higgins & Wendy Higgins S: Alice M Heikkila Date: 08/14/12 Total Assessed Value (2012): $431,400 Lot Size: 24935sf

429-433 Princeton Rd, Fitchburg................ $140,000 Use:Apartment Bldg - 4-8 Units (111) B: Yifan Gao S: Cris A Leblanc Tr, Tr for 433 Princeton Road RT Mtg: New York Community Bk $105,000 Date: 08/31/12 Total Assessed Value (2012): $223,700 Lot Size: 25423sf Prior Sale: $1 (02/12)

Use:Retail-Service (325) B: Las Palmas Market Inc S: Victor M Palma Date: 08/22/12 Total Assessed Value (2012): $128,000 Lot Size: 1130sf Prior Sale: $240,000 (10/10)

Framingham

Use:Office Bldg-General (340) B: 135 Bremen Street LLC S: Desanctis Holdings LLC Date: 08/14/12 Total Assessed Value (2012): $2,517,000 Lot Size: 63996sf Prior Sale: $1 (08/11)

55 Main St U:5, Framingham....................... $178,000

135-B Bremen St, East Boston.................... $850,000

127-129 Maverick St, East Boston...............

$55,000

Use:Restaurant/Bar (326) B: Gallego Inc S: Carl Dellorusso Mtg: Trainors Cafe Inc $150,000 Date: 08/09/12 Total Assessed Value (2012): $177,500 Lot Size: 1100sf

257-259 Princeton St, East Boston............. $737,500 Use:Mixed Use-Prim Res & Comm (013) B: Burns Bothers LLC S: Auguston Sapone Tr, Tr for Princeton Street RT Date: 08/27/12 Total Assessed Value (2012): $424,000 Lot Size: 6700sf Prior Sale: $170,000 (12/94)

6 Sumner Pl, East Boston............................ $350,000 Use:Commercial Devlpble Land (390) B: Sumner Dev Partners LLC S: Robert A Debole Tr, Tr for Debole RT Mtg: Mercantile Bk & Tr Co $270,000 Date: 08/14/12 Total Assessed Value (2012): $7,000 Lot Size: 1400sf Prior Sale: $1 (11/09)

East Bridgewater

523 Spring St, East Bridgewater................. $675,000 Use:Manufacturing Building (400) B: Larry A Dale Tr, Tr for 523 Spring Street RT S: John F Boyd Tr, Tr for Shaws RT Mtg: Rockland Tr Co $540,000 Date: 08/27/12 Total Assessed Value (2012): $897,900 Lot Size: 568701sf Prior Sale: $550,000 (02/96)

110 Alexander St, Framingham................... $735,000 Use:Manufacturing Building (400) B: SC Main Corp S: George E Christoduolo Tr, Tr for 110 Alexander Street RT Date: 08/30/12 Total Assessed Value (2012): $776,300 Lot Size: 36590sf Use:Office Condo Unit (343) B: Mark A Hanna Tr, Tr for Spring RT S: Harry Kushnir Tr, Tr for Kushnir Maine Street RT Mtg: Robert Nagel $178,000 Date: 08/13/12 Total Assessed Value (2012): $179,500

1583 Worcester Rd, Framingham............... $1,200,000 Use:Restaurant/Bar (326) B: 1583 Worcester Rd RT LLC S: Canford Real Estate Corp Mtg: Mutualone Bank $855,000 Date: 08/10/12 Total Assessed Value (2012): $1,287,900 Lot Size: 116741sf Prior Sale: $796,731 (09/94)

Franklin

15 Cassandra Ave U:15, Franklin................ $392,944 Use:Housing Authority Condo (996) B: William C Blimmel & Annamarie Blimmel S: Franklin Mews LLC Date: 08/17/12 Total Assessed Value (2012): $85,000 Prior Sale: $4,666,000 (04/12)

98 Grey Wolf Dr U:98, Franklin.................... $332,900 Use:Housing Authority Condo (996) B: Carol Mattar S: Meadowbrook Heights LLC Date: 08/30/12 Total Assessed Value (2012): $35,100

406 Lincoln St, Franklin............................... $737,500 Use:Mixed Use-Prim Res & Comm (013) B: Ian M Nordby S: Camilo A Afonso Mtg: Wells Fargo Bank $275,000 Date: 08/07/12 Total Assessed Value (2012): $284,600 Lot Size: 26460sf Prior Sale: (06/09)

Š2012 THE WARREN GROUP INC. ALL RIGHTS RESERVED. NO PART OF THIS PUBLICATION MAY BE REPRODUCED WITHOUT THE WRITTEN CONSENT OF THE PUBLISHER.

COMMERCIAL SALES MONTHLY REVIEW

SEPTEMBER 24, 2012

137 School St, Franklin............................... $500,000 Use:Office Bldg-General (340) B: Patalano Props LLC S: John C Colella Jr Date: 08/07/12 Total Assessed Value (2012): $349,900 Lot Size: 23105sf

Freetown

3 Sammys Ln, Freetown................................

$16,400

Use:Mixed Use-Prim Res & Comm (013) B: Rezendes Assoc Inc S: Cynthia Lee & Joseph Caouette Date: 08/27/12 Total Assessed Value (2012): $668,000 Lot Size: 174240sf

270 Main St, Gardner................................... $1,760,266 Use:Retail-Service (325) B: CS&M Garnder LLC S: Primax Props LLC Mtg: Boston Private Bank $1,362,800 Date: 08/29/12 Total Assessed Value (2012): $559,300 Lot Size: 38566sf

114 Monadnock St, Gardner........................ $298,567 Use:Mixed Use-Prim Res & Comm (013) B: US Bank NA S: Marjorie Pickring by US Bank NA Foreclosure Deed Date: 08/28/12 Total Assessed Value (2012): $144,500 Lot Size: 11700sf Prior Sale: $139,000 (03/01)

378 Parker St, Gardner............................... $114,750 Use:Apartment Bldg - 4-8 Units (111) B: HSBC Bank USA NA S: Douglas Hoyt & HSBC Bank USA NA Foreclosure Deed Date: 08/15/12 Total Assessed Value (2012): $225,400 Lot Size: 10890sf Prior Sale: $214,000 (05/03)

513 Route 28, Harwich................................ $600,000 Use:Retail-Service (325) B: Teampeh Props LLC S: Howard J Johnson & Mary M Johnson Date: 08/28/12 Total Assessed Value (2012): $547,200 Lot Size: 11761sf Use:Mixed Use-Prim Res & Comm (013) B: RC Cape Props LLC S: Ronalds J Kusins & Judith Lennon Mtg: Cape Cod Five Cent Bk $304,000 Date: 08/31/12 Total Assessed Value (2012): $413,000 Lot Size: 18731sf Prior Sale: $330,000 (02/02)

Haverhill

6 Magnavista Dr, Haverhill.......................... $344,900 Use:Res Potentially Dvlpble Land (131) B: Tracy L Montpetit Sr & Gracan M Montpetit S: Magnum Partners LLC Mtg: Wells Fargo Bank $356,250 Date: 08/15/12 Total Assessed Value (2012): $107,900 Lot Size: 9778sf

925 N Broadway, Haverhill.......................... $319,900 Use:Church Property (906) B: Brian Bibeau S: Chris Coastal LLC Mtg: Stoneham Cp Bk $314,105 Date: 08/29/12 Total Assessed Value (2012): $46,700 Lot Size: 102157sf

Hingham

25 Eldridge Ct, Hingham.............................. $154,000

Georgetown

5 Blueberry Ln, Georgetown........................ $239,000 Use:Res Potentially Dvlpble Land (131) B: Mark Laspina & Shauna Laspina S: Artisan Dev LLC Date: 08/22/12 Total Assessed Value (2012): $204,200 Lot Size: 106722sf Prior Sale: $239,000 (07/12)

Use:Commercial Undevlpble Land (392) B: Eldridge Court LLC S: Myrle F Derbyshire Jr & Judith S Derbyshire Mtg: Myrle F Derbyshire Jr $100,000 Date: 08/15/12 Total Assessed Value (2012): $138,800 Lot Size: 9583sf

Holyoke

113 Hampden St, Holyoke............................ $595,000

113 Thurlow St, Georgetown........................ $545,000 Use:Res Potentially Dvlpble Land (131) B: Robin E Olson S: Jeffrey S Horne Tr, Tr for Horne Thurlow St Georgeto Mtg: Cartus Home Loans $532,152 Date: 08/16/12 Total Assessed Value (2012): $182,100 Lot Size: 51401sf

Use:Parking Lot (337) B: 113 Hampden St LLC S: Lighthouse Industries LLC Mtg: Greenfield Svgs $520,000 Date: 08/17/12 Total Assessed Value (2012): $9,700 Lot Size: 4888sf Prior Sale: $363,750 (11/04)

1066 Washington St, Gloucester................. $360,000 Use:Mixed Use-Prim Res & Comm (013) B: Lanesville Station LLC S: Ronald E Ramsey & Jean L Ramsey Mtg: Cape Ann Svgs Bk $205,000 Date: 08/29/12 Total Assessed Value (2012): $263,400 Lot Size: 3220sf Prior Sale: $250,000 (01/02)

Use:Retail-Service (325) B: Bayview Loan Svcng LLC S: Shawn Marsh by Bayview Loan Svcg LLC Foreclosure Deed Date: 08/31/12 Total Assessed Value (2012): $81,800 Lot Size: 2260sf Prior Sale: $200,000 (04/04)

309-311 Main St, Holyoke..............................

Granby

7 East St, Granby......................................... $110,000 Use:Auto Repair (332) B: Leo E Fugler Jr S: Leo E Fugler 3rd Date: 08/14/12 Total Assessed Value (2012): $149,400 Lot Size: 431244sf

$2,500

Use:City/Town Property (903) B: Fiesta Cafe LLC S: Holyoke City Of Date: 08/16/12 Total Assessed Value (2012): $22,800 Lot Size: 5500sf

75 Main St, Great Barrington....................... $157,667 Use:Retail-Service (325) B: Jeffrey A Caligari & William A Caligari Jr S: Eugene C Caligari Date: 08/14/12 Total Assessed Value (2012): $828,400 Lot Size: 15246sf

307 Main St, Great Barrington..................... $168,000 Use:Retail-Service (325) B: Jeffrey A Caligari & William A Caligari Jr S: Eugene C Caligari Date: 08/14/12 Total Assessed Value (2012): $493,300 Lot Size: 3920sf

144 Shelburne Rd, Greenfield..................... $280,000 Use:Commercial Warehouse (316) B: S Beck Prop LLC S: Daniel J Galvis & Gilda L Galvis Mtg: Greenfield Cp Bk $115,000 Date: 08/28/12 Total Assessed Value (2012): $243,200 Lot Size: 26324sf Prior Sale: $135,000 (02/97)

Use:Gas/Service Station (334) B: Exotic Auto Repair LLC S: Stephen M Lewis Date: 08/24/12 Total Assessed Value (2012): $242,900 Lot Size: 6098sf Prior Sale: $256,500 (09/08) Use:Office Condo Unit (343) B: Liddell Dev LLC S: Hub LLC Mtg: Eastern Bank $376,000 Date: 08/31/12 Total Assessed Value (2012): $321,800 Prior Sale: $225,000 (06/03)

Use:Apartment Bldg - 4-8 Units (111) B: Wilson Vasquez S: David Sliney Tr, Tr for Davert RT Mtg: Residential Mtg Svcs $220,924 Date: 08/14/12 Total Assessed Value (2012): $220,100 Lot Size: 3750sf Prior Sale: $205,000 (02/08)

315 E Haverhill St, Lawrence....................... $160,000 Use:Educational Property (351) B: Roper Investment Grp LLC S: Frank Muraco & Patricia Muraco Date: 08/22/12 Total Assessed Value (2012): $320,200 Lot Size: 8438sf Prior Sale: $1 (01/04)

454 Essex St, Lawrence............................... $300,000 Use:Church Property (906) B: Centro C Delasalvacion S: Ministerio Apostolico Jes Date: 08/29/12 Total Assessed Value (2012): $655,600 Lot Size: 4000sf Prior Sale: $177,500 (04/01)

$20,000

Use:City/Town Property (903) B: Daher Group Inc S: Lawrence City Of Mtg: Lawrence, City of $1 Date: 08/09/12 Total Assessed Value (2012): $13,800 Lot Size: 5000sf Prior Sale: $1 (08/09)

105-107 Park St, Lawrence..........................

$34,999

Use:Res Potentially Dvlpble Land (131) B: Hope To Act LLC S: Charles Hope Cos LLC Mtg: Haverhill Bk $375,000 Date: 08/28/12 Total Assessed Value (2012): $38,100 Lot Size: 5215sf

341 S Broadway, Lawrence......................... $175,000

Hudson

Use:Res Potentially Dvlpble Land (131) B: MCN Realty LLC S: Joseph M Byra & Mary T Byra Mtg: N Middlesex Svgs Bk $250,000 Date: 08/15/12 Total Assessed Value (2012): $168,800 Lot Size: 43485sf Use:Mixed Use-Prim Res & Comm (013) B: Vu N Nguyen & Phuong T Le S: Waterfall Victoria Mtg T2 Mtg: Dedham Inst for Svgs $198,750 Date: 08/22/12 Total Assessed Value (2012): $357,600 Lot Size: 6243sf Prior Sale: $245,000 (03/12)

Use:Apartment Bldg - 9 + Units (112) B: Max Horn & Todd Horn S: Anastos Family LLC & Denis Anastos Mtg: Richard Mcneer $260,000 Date: 08/14/12 Total Assessed Value (2012): $870,900 Lot Size: 13809sf

Hyannis

Hyde Park

17 Winter St, Hyde Park.............................. $300,000

Jamaica Plain

Use:Church Property (906) B: William J Walsh S: Harvard Conservation T Mtg: Eastern Bank $258,750 Date: 08/30/12 Total Assessed Value (2012): $545,300 Lot Size: 189050sf

Use:Mixed Use-Prim Res & Comm (013) B: Maureen B Ogara S: John W Gayle Mtg: Mortgage Master Inc $206,100 Date: 08/29/12 Total Assessed Value (2012): $197,500 Lot Size: 1124sf Prior Sale: $188,000 (05/06)

50 W Bare Hill Rd, Harvard.......................... $345,000

65 Brookside Ave U:8, Jamaica Plain.......... $229,000

Harwich

12-14 Glenside Ave, Jamaica Plain............. $1,275,000

Use:City/Town Property (903) B: Eastward MBT LLC S: Brewster Town Of Date: 08/22/12 Total Assessed Value (2012): $114,700 Lot Size: 29185sf

Use:Apartment Bldg - 4-8 Units (111) B: R&R Capital Investments S: 12-14 Farlow LLC Mtg: Webster FiveCent Svgs $1,068,750 Date: 08/07/12 Total Assessed Value (2012): $556,000 Lot Size: 5100sf Prior Sale: $950,000 (06/11)

Use:Industrial Devlpble Land (440) B: Water Island LLC S: James K Williams Mtg: Cape Cod Cp Bk $60,000 Date: 08/22/12 Total Assessed Value (2012): $156,700 Lot Size: 20865sf Prior Sale: $38,000 (03/08)

Use:Shopping Ctr/Mall (323) B: 3510 Washington T & Aifang Pan Tr S: James Gao & Zhi M Gao Date: 08/31/12 Total Assessed Value (2012): $148,500 Lot Size: 2313sf Prior Sale: $1 (04/11)

196 Queen Anne Rd, Harwich...................... $120,000

30-32 Butler St, Lawrence........................... $225,000

Use:Apartment Bldg - 4-8 Units (111) B: Linyun Ye & Zhufeng Huang S: Maria Acevedo & Santos Acevedo Date: 08/13/12 Total Assessed Value (2012): $297,400 Lot Size: 5648sf Prior Sale: $980,000 (02/04)

Use:Commercial Warehouse (316) B: Harry D Bubb S: Salvatore Morle Mtg: Salvatore Morle $240,000 Date: 08/20/12 Total Assessed Value (2012): $157,600 Lot Size: 5600sf

$46,001

$25,000

6-12 Springfield St, Lawrence..................... $225,000

Harvard

Cove Rd, Harwich..........................................

324 Andover St, Lawrence............................

Use:Res Potentially Dvlpble Land (131) B: JMG Andover Street Realty S: Evelyn Porter Date: 08/30/12 Total Assessed Value (2012): $37,800 Lot Size: 4017sf Prior Sale: $84,000 (06/00)

Use:Industrial Condominum (450) B: Elmwood Park Property LLC S: RREEF America REIT 3-ZI Date: 08/24/12 Total Assessed Value (2012): $19,978,700

Use:Commercial Warehouse (316) B: Pareto Holdings LLC S: Robert C Tivey Jr Ex, Ex for Tivey Robert C Sr Est Mtg: Cape Cod Five Cent Bk $700,000 Date: 08/17/12 Total Assessed Value (2012): $950,800 Lot Size: 45302sf

196 Rockland St U:2, Hanover..................... $390,000

Lawrence

5 Parkwood Dr U:5, Hopkinton...................$31,098,108

362 Yarmouth Rd, Hyannis.......................... $1,200,000

Hanover

Use:Mixed Use-Prim Res & Comm (013) B: Carrie L Dion & Ann M Coehlo S: Ronald A Gleason & Jeanette M Gleason Mtg: US Bank NA $262,500 Date: 08/31/12 Total Assessed Value (2012): $288,900 Lot Size: 40003sf

Use:Retail-Service (325) B: 191 Union LLC S: Stephen M Politi Tr, Tr for 191-193 S Union St RT Mtg: Eastern Funding $260,000 Date: 08/14/12 Total Assessed Value (2012): $319,300 Lot Size: 9600sf Prior Sale: $175,000 (01/02)

3 Porrazzo Rd, Hull...................................... $795,000

184 Russell St, Hadley................................. $234,000

240 Pembroke St, Kingston......................... $350,000

177-193 S Union St, Lawrence.................... $350,000

540 Nantasket Ave, Hull............................... $265,000

$46,800

Use:Apartment Bldg - 4-8 Units (111) B: Allan Marques & James Regan S: Edward J Delisle & Helene Delisle Mtg: Lowell Cp Bk $150,000 Date: 08/17/12 Total Assessed Value (2011): $239,200 Lot Size: 4075sf

Use:Industrial Office Building (402) B: Elmwood Park Property LLC S: RREEF America REIT 3-ZI Mtg: Sovereign Bank FSB $21,500,000 Date: 08/24/12 Total Assessed Value (2012): $4,273,800 Lot Size: 87120sf Prior Sale: $8,744,979 (11/05)

Hull

Use:Vegetable Crops (712) B: Thomas J Doubleday S: John T Boisvert Jr & Joseph J Boisvert Date: 08/24/12 Total Assessed Value (2012): $5,200 Lot Size: 235224sf Prior Sale: $33,000 (02/02)

Use:Commercial Warehouse (316) B: JFJ Realty LLC S: Harry Livanis & EPTON LLC Mtg: Bridgewater Svgs Bk $485,000 Date: 08/22/12 Total Assessed Value (2012): $931,800 Lot Size: 147669sf Prior Sale: $925,000 (09/08)

68 Elm St, Hopkinton..................................$31,098,108

175 White Pond Rd, Hudson........................ $118,000

Greenfield

Lowell

15 Marion Dr, Kingston................................ $955,000

Use:Auto Repair (332) B: PM&LM LLC S: Raymond J Martineau Tr, Tr for Martineau FT Mtg: Northmark Bank $315,000 Date: 08/15/12 Total Assessed Value (2012): $213,500 Lot Size: 9750sf Prior Sale: $1 (08/11)

Hopkinton

Great Barrington

Kingston

129-133 Oxford St, Lawrence.......................

341 High St, Holyoke.................................... $139,100

Gloucester

54 Cemetery Rd, Hadley...............................

Use:Retail-Service (325) B: TCB Oreo 1 LLC S: David J Nolan Jr by Community B&T Co Foreclosure Deed Date: 08/06/12 Total Assessed Value (2012): $335,200 Lot Size: 22216sf Prior Sale: $1 (09/09)

791 Route 28, Harwich................................ $380,000

Gardner

Hadley

337 Route 28, Harwich................................ $245,000

C9

3510 Washington St, Jamaica Plain............ $240,000

329 Winthrop Ave, Lawrence....................... $575,000 Use:Gas Station (333) B: DABBAK Realty LLC S: Cumberland Farms Inc Mtg: Enterprise Bk & Tr Co $430,000 Date: 08/15/12 Total Assessed Value (2012): $349,800 Lot Size: 27930sf

Lee

184 Main St, Lee.......................................... $330,000 Use:Mixed Use-Prim Comm & Resd (031) B: Pollard Realty LLC S: Jerome J Scully & Hugh C Cowhig Mtg: Lenox Natl Bk $250,000 Date: 08/09/12 Total Assessed Value (2012): $281,300 Lot Size: 16117sf

Lenox

203 Main St, Lenox....................................... $798,000 Use:Mixed Use-Prim Comm & Resd (031) B: Final Pcs LLC S: MFC BDM LLC Date: 08/29/12 Total Assessed Value (2012): $1,733,300 Lot Size: 170015sf Prior Sale: $1 (02/11)

Leominster

881 Lancaster St, Leominster......................

$65,000

Use:Mixed Use-Prim Res & Comm (013) B: Melissa Mazzaferro S: Wayne Richard Mtg: American Fncl Resrcs $97,059 Date: 08/23/12 Total Assessed Value (2012): $174,900 Lot Size: 19425sf Prior Sale: $1 (04/12)

623 N Main St, Leominster........................... $140,000 Use:Mixed Use-Prim Res & Comm (013) B: Miguel Martinez Tr, Tr for 623 N Main Street RT S: Dennis Rosa Tr, Tr for Eagle RT Mtg: Eagle RT $170,000 Date: 08/30/12 Total Assessed Value (2012): $165,800 Lot Size: 5011sf

627 N Main St, Leominster............................

$15,000

Use:Parking Lot (337) B: Miguel Martinez S: Dennis Rosa Tr, Tr for Eagle RT Date: 08/30/12 Total Assessed Value (2012): $23,200 Lot Size: 5193sf

631 N Main St, Leominster............................

$15,000

Use:Parking Lot (337) B: Miguel Martinez Tr, Tr for Open Lot 631 N Main T S: John J Palange Tr, Tr for 631 N Main Street RT Date: 08/30/12 Total Assessed Value (2012): $22,100 Lot Size: 5509sf Prior Sale: $33,500 (04/97)

Lexington

41 Waltham St, Lexington............................ $3,200,000 Use:Retail-Service (325) B: Waltham Street Assoc LLC S: BHX LLC Date: 08/09/12 Total Assessed Value (2012): $2,958,000 Lot Size: 9750sf Prior Sale: $3,125,000 (10/05)

32 Agawam St, Lowell.................................. $200,000

147 Central St, Lowell.................................. $700,000 Use:Retail-Department Store (322) B: 175 Central Street LLC S: Saab Realty Corp Mtg: Lowell Five Cent Svgs $560,000 Date: 08/31/12 Total Assessed Value (2011): $1,318,900 Lot Size: 19136sf

94 Dracut St, Lowell..................................... $287,000 Use:Apartment Bldg - 4-8 Units (111) B: Yunzhou Li & Juqi Huo S: 13 North Adams LLC Mtg: Patriot Community Bk $215,175 Date: 08/15/12 Total Assessed Value (2011): $239,800 Lot Size: 3800sf Prior Sale: $171,000 (04/12)

8 Eddy St, Lowell...........................................

$90,000

Use:State Property (901) B: Washington SB S: Jesus Is The Answer Minst by Washington SB Foreclosure Deed Date: 08/31/12 Total Assessed Value (2011): $156,300 Lot Size: 4050sf Prior Sale: $32,500 (07/97)

277 Hildreth St, Lowell................................. $250,000 Use:Apartment Bldg - 4-8 Units (111) B: Rhoda Realty LLC S: Edward J Delisle & Helene Delisle Date: 08/17/12 Total Assessed Value (2011): $228,200 Lot Size: 3959sf

225 Stedman St U:11, Lowell....................... $110,000 Use:Office Condo Unit (343) B: 225 Stedman LLC S: US Bank NA Mtg: Enterprise Bk & Tr Co $85,000 Date: 08/28/12 Total Assessed Value (2011): $119,300 Prior Sale: $150,455 (01/12)

59 Temple St, Lowell.................................... $237,000 Use:Apartment Bldg - 4-8 Units (111) B: La Belle Maison LLC S: Orlando Morales-Ortiz & US Bank NA Mtg: Sharon Katz $275,400 Foreclosure Deed Date: 08/16/12 Total Assessed Value (2011): $354,800 Lot Size: 11289sf Prior Sale: $470,000 (08/07)

198 University Ave, Lowell........................... $156,500 Use:Mixed Use-Prim Res & Comm (013) B: Casey Nguyen S: Bayview Loan Svcs LLC Mtg: Enterprise Bk & Tr Co $1 Date: 08/17/12 Total Assessed Value (2011): $190,600 Lot Size: 3500sf Prior Sale: $139,300 (03/12)

Lynn

218 Chestnut St, Lynn.................................. $250,000 Use:Mixed Use-Prim Comm & Resd (031) B: Gerardo Raffaele Tr, Tr for 228 Chestnut Street NT S: Armand J Toletti Mtg: Armand J Toletti $225,000 Date: 08/13/12 Total Assessed Value (2012): $306,100 Lot Size: 13725sf

617-619 Chestnut St, Lynn.......................... $165,500 Use:Mixed Use-Prim Res & Comm (013) B: James Cummings S: John J NewhLl by Bayview Loan Svcg LLC Foreclosure Deed Date: 08/30/12 Total Assessed Value (2012): $322,000 Lot Size: 2370sf Prior Sale: $485,000 (05/07)

41 Sutton St, Lynn........................................ $345,000 Use:Retail-Service (325) B: Trinacria Props LLC S: Joanne Gerber, Ex for Gerber Bernard Est Mtg: Savings Bank (The) $1,500,000 Date: 08/31/12 Total Assessed Value (2012): $357,200 Lot Size: 10967sf

Malden

210-R Hawthorne St, Malden....................... $405,000 Use:Res Potentially Dvlpble Land (131) B: Ying Y Kong & John A Jones Jr S: Elizabeth C Russell Mtg: Leader Bank NA $324,000 Date: 08/21/12 Total Assessed Value (2012): $93,700 Lot Size: 4612sf

135 Summer St, Malden.................................

$6,193

Use:Apartment Bldg - 9 + Units (112) B: Malden City Of S: Norman F Brettell Date: 08/31/12 Total Assessed Value (2012): $1,097,500 Lot Size: 10455sf Prior Sale: $1,400,000 (12/11)

Marstons Mills

381 Old Falmouth Rd U:8, Marstons Mills... $190,000 Use:Non-residential Condo (349) B: Mary M Wells S: G N Tomkinson Date: 08/15/12 Total Assessed Value (2012): $224,900 Prior Sale: $92,000 (06/99)

Mattapan

522-530 River St, Mattapan......................... $750,000 Use:Church Property (906) B: 522 River Street LLC S: Leaper Realty LLC Date: 08/10/12 Total Assessed Value (2012): $572,500 Lot Size: 4570sf

Medford

64 Commercial St, Medford......................... $2,000,000 Use:Industrial Warehouse (401) B: Empire Management Corp S: Harco Corp Date: 08/17/12 Total Assessed Value (2012): $2,241,300 Lot Size: 134600sf

20 Hall St, Medford...................................... $1,250,000 Use:Commercial Warehouse (316) B: RW Murphy LLC S: Wendy Lewis Tr, Tr for Lewis RT Date: 07/17/12 Total Assessed Value (2012): $1,061,800 Lot Size: 39903sf

55 Marion St, Medford................................. $646,000 Use:Apartment Bldg - 4-8 Units (111) B: Wei Zhang & Jia Zhou S: Harvey M Eisenberg Tr, Tr for Tanar RT Mtg: Guaranteed Rate Inc $462,750 Date: 08/10/12 Total Assessed Value (2012): $567,200 Lot Size: 8450sf Prior Sale: $280,000 (09/97)

Medway

18 Pine St, Medway...................................... $360,000 Use:Apartment Bldg - 4-8 Units (111) B: Roy L Young S: Bruce K Gregory Mtg: Bruce K Gregory $347,400 Date: 08/16/12 Total Assessed Value (2012): $356,400 Lot Size: 30928sf

Merrimac

6-8 W Main St, Merrimac............................. $675,000 Use:Office Bldg-General (340) B: Haverhill Bank S: Journeay Insurance Agency Date: 08/30/12 Total Assessed Value (2012): $451,000 Lot Size: 17620sf

Š2012 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

COMMERCIAL SALES MONTHLY REVIEW

C10

170 Glennon St, New Bedford...................... $150,000

Methuen

12 Haverhill St, Methuen............................. $500,000 Use:Retail-Service (325) B: Rasida Shaikh, Tr for Sharif Shaikh S: Vasilios Sidiropoulos Tr, Tr for EKA RT Mtg: TD Bank NA $280,000 Date: 08/30/12 Total Assessed Value (2012): $193,800 Lot Size: 5000sf Prior Sale: $1 (12/07)

8 Saint St, Methuen...................................... $319,900 Use:Res Potentially Dvlpble Land (131) B: Todd M Mcgrain & Nicole A Mcgrain S: Two Saints LLC Mtg: American Equity Mtg $255,920 Date: 08/10/12 Total Assessed Value (2012): $51,800 Lot Size: 10001sf

11 Saint St, Methuen.................................... $335,000 Use:Res Potentially Dvlpble Land (131) B: Hen Van & Hong Phan S: Two Saints LLC Mtg: Lowell Cp Bk $272,690 Date: 08/08/12 Total Assessed Value (2012): $52,900 Lot Size: 11550sf

Middleboro

44 Bedford St, Middleboro........................... $3,600,000 Use:Office Bldg-General (340) B: ABC Commercial Props Inc S: Prologis LP Mtg: St Annes Credit Union $2,880,000 Date: 08/28/12 Total Assessed Value (2012): $3,623,100 Lot Size: 770141sf Prior Sale: $11,572,774 (03/98)

326 Wareham St, Middleboro...................... $130,000 Use:Mixed Use-Prim Res & Comm (013) B: Farm Credit East ACA S: David W Hoard & Farm Credit East ACA Foreclosure Deed Date: 08/24/12 Total Assessed Value (2012): $247,400 Lot Size: 50094sf Prior Sale: $110,000 (12/92)

Middleton

37 Maple St, Middleton................................ $150,000 Use:Apartment Bldg - 4-8 Units (111) B: Comfort Realty LLC S: Dana L Caldwell & Pauline K Caldwell Date: 08/10/12 Total Assessed Value (2012): $409,000 Lot Size: 32670sf

Milford

58 High St, Milford....................................... $183,500 Use:Mixed Use-Prim Res & Comm (013) B: Thomas R Cataldo S: Anthony P Cosenza & Kristine A Cosenza Mtg: Milford Fed Svgs Bk $174,325 Date: 08/29/12 Total Assessed Value (2012): $205,400 Lot Size: 7900sf Prior Sale: $112,000 (01/94)

270 Main St, Milford..................................... $270,000 Use:Retail-Service (325) B: 270 Main Street LLC S: Milford Package Store Inc Mtg: Rockland Tr Co $216,000 Date: 08/21/12 Total Assessed Value (2012): $155,500 Lot Size: 5000sf

66 Sumner St, Milford.................................. $810,000 Use:Industrial Warehouse (401) B: Noyes Brothers LLC S: Natick Mercer LLC Mtg: Digital FCU $410,000 Date: 08/15/12 Total Assessed Value (2012): $480,500 Lot Size: 83635sf Prior Sale: $1,245,000 (03/00)

Millbury

25 S Main St, Millbury.................................. $284,900 Use:Apartment Bldg - 4-8 Units (111) B: Paolo Alzate & Olifia N Wise S: Daniel J Campanale & Karen Laflamme Mtg: Salem Five Mtg Corp $279,710 Date: 08/17/12 Total Assessed Value (2012): $193,200 Lot Size: 10777sf Prior Sale: $1 (07/06)

Nantucket

9 Amelia Dr, Nantucket................................ $1,417,500 Use:Mixed Use-Prim Res & Comm (013) B: VTT Nantucket LLC S: MLCFC 2007-9 Amelia Drive Mtg: Patriot Community Bk $1,305,000 Date: 08/28/12 Total Assessed Value (2012): $1,563,200 Lot Size: 12840sf Prior Sale: $1,000,000 (03/11)

47 Sparks Ave, Nantucket........................... $2,000,000 Use:Commercial Devlpble Land (390) B: Stop & Shop Supermarkets S: Sarah F Alger Tr, Tr for Sparks Avenue Lot 24 RT Date: 08/14/12 Total Assessed Value (2012): $862,300 Lot Size: 13712sf

47 Sparks Ave, Nantucket........................... $980,000 Use:Commercial Devlpble Land (390) B: Sarah F Alger Tr, Tr for Sparks Avenue Lot 24 RT S: Walter J Glowacki & Sons Date: 08/14/12 Total Assessed Value (2012): $862,300 Lot Size: 13712sf

Needham

360 1st Ave, Needham................................. $4,085,168 Use:Research & Dvlpmnt Facility (404) B: SXC Needham Inn LLC S: Normandy Gap-V Dev Needha Date: 08/09/12 Total Assessed Value (2012): $3,293,800 Lot Size: 77972sf Prior Sale: $1 (03/11)

50 Cabot St, Needham................................. $7,450,000 Use:Office Bldg-General (340) B: 50 Cabot Realty Assoc LLC S: Eric A Katz Tr, Tr for 1 Needham Place RT Mtg: Northern Bk & Tr Co $5,390,000 Date: 08/22/12 Total Assessed Value (2012): $4,936,000 Lot Size: 71874sf

20 Freeman Pl, Needham............................ $625,000 Use:Office Bldg-General (340) B: Michael Sokolowski Tr, Tr for Freeman Place RT S: Gregory H Birne, Adm for Polayes Adele T Est Date: 08/10/12 Total Assessed Value (2012): $418,800 Lot Size: 5663sf

New Bedford

196 Collette St, New Bedford...................... $200,000 Use:Apartment Bldg - 4-8 Units (111) B: Stephen Robinson S: Randy W Arsenault & Nancy J Arsenault Mtg: Stearns Lending $196,377 Date: 08/09/12 Total Assessed Value (2012): $208,400 Lot Size: 3452sf Prior Sale: $182,000 (12/07)

325 Davis St, New Bedford.......................... $110,000 Use:Apartment Bldg - 4-8 Units (111) B: Norman Lheureux & Jacqueline Lheureux S: Ronald Oliveira Date: 08/15/12 Total Assessed Value (2012): $203,000 Lot Size: 2020sf Prior Sale: $315,000 (09/06)

43 Durfee St, New Bedford...........................

$65,000

Use:Auto Repair (332) B: Michael Souza Tr, Tr for 43 Durfee Street NT S: Steven J Gomes & Janet L Gomes Date: 08/24/12 Total Assessed Value (2012): $88,800 Lot Size: 3460sf

12-22 Glennon St, New Bedford.................. $900,000 Use:Apartment Bldg - 9 + Units (112) B: Madeira Avenue Realty LLC S: Feliciano F Figueiredo & Fatima Figueiredo Date: 08/24/12 Total Assessed Value (2012): $835,000 Lot Size: 13549sf Prior Sale: $510,000 (02/00)

Use:Mixed Use-Prim Res & Comm (013) B: Kevin P Donlan S: Richard R Bachand Tr, Tr for RA&BA Bachand IRT Mtg: Mortgage Elec Reg Sys $147,283 Date: 07/31/12 Total Assessed Value (2012): $189,700 Lot Size: 4865sf Prior Sale: $1 (05/11)

5 Moreland Ter, New Bedford...................... $376,000 Use:Mixed Use-Prim Res & Comm (013) B: JP Mmorgan Chase Bank NA S: Charles C White & JP Morgan Chase Bank NA Foreclosure Deed Date: 08/20/12 Total Assessed Value (2012): $492,900 Lot Size: 13586sf

995 Rockdale Ave, New Bedford................. $274,600 Use:Office Bldg-General (340) B: SANYOG LLC S: 410 Parker Street LLC Mtg: Bridgewater CU $205,950 Date: 08/15/12 Total Assessed Value (2012): $274,600 Lot Size: 11200sf Prior Sale: $1 (07/07)

62 Roosevelt St, New Bedford......................

$95,000

Use:Apartment Bldg - 4-8 Units (111) B: Ronald Oliveira Tr, Tr for Roso Invst RT S: Georgenia T Fleming Mtg: Dalin Funding LP $112,000 Date: 08/15/12 Total Assessed Value (2012): $222,300 Lot Size: 3200sf Prior Sale: $90,000 (05/94)

47 South St, New Bedford............................ $400,000 Use:Industrial Warehouse (401) B: Ocean Capital US Ltd S: Bruces Splicing & Rigging Mtg: Bruces Splicing & Rig $400,000 Date: 08/08/12 Total Assessed Value (2012): $430,000 Lot Size: 55849sf

Newburyport

11 Market Sq U:6, Newburyport................... $102,250 Use:Office Condo Unit (343) B: Cortland Equity Partners S: Irwin Miller Tr, Tr for Miller Market Square RT Date: 08/31/12 Total Assessed Value (2012): $164,600

SEPTEMBER 24, 2012

32 Beacon St, Quincy................................... $445,000

North Attleboro

26-28 Fisher St, North Attleboro................. $192,300 Use:Apartment Bldg - 4-8 Units (111) B: KREC LLC S: US Bank NA, Tr for Bank Of America NA Mtg: Realtyvest LLC $270,000 Date: 08/09/12 Total Assessed Value (2012): $341,300 Lot Size: 7241sf Prior Sale: $463,000 (12/06)

665 S Washington St, North Attleboro......... $5,000,000

Use:Auto Sales (330) B: Village Attleboro LLC S: Ronald J Tondreault Tr, Tr for Fireside Nissan RT Mtg: Ronald J Tondreault $2,225,000 Date: 08/10/12 Total Assessed Value (2012): $1,443,500 Lot Size: 85813sf Prior Sale: $1 (10/11)

Northampton

Kennedy Rd, Northampton............................

$22,000

Use:Nature Study (803) B: Kathryn D Girardin & Henry Girardin 4th S: Kathleen B Bowers Tr, Tr for Kathleen B Bowers FT Date: 08/20/12 Total Assessed Value (2012): $28,500 Lot Size: 113256sf

Northbridge

22 Beans Ln, Northbridge............................ $350,000 Use:Mixed Use-Prim Res & Comm (013) B: MDM Props LLC S: Frederick Grandinetti Mtg: Webster First FCU $280,000 Date: 08/16/12 Total Assessed Value (2012): $396,100 Lot Size: 82764sf

2208 Providence Rd, Northbridge............... $330,000 Use:Apartment Bldg - 4-8 Units (111) B: Providence Rd Rockdale S: Berkowitz Brothers Inc Date: 08/06/12 Total Assessed Value (2012): $352,900 Lot Size: 11458sf

Norton

124 Bay Rd, Norton...................................... $1,445,000

38-40 Merrimac St, Newburyport................ $1,600,000 Use:Retail-Department Store (322) B: Merrimac Street Ale House S: 40 Merrimac Street LLC Mtg: Salem FiveCts Svgs Bk $1,320,000 Date: 08/20/12 Total Assessed Value (2012): $778,300 Lot Size: 15102sf Prior Sale: $1 (01/08)

23 Pond St, Newburyport............................. $337,000 Use:Mixed Use-Prim Res & Comm (013) B: Direct FCU S: Erin Keenan & Citimortgage Inc Foreclosure Deed Date: 08/21/12 Total Assessed Value (2012): $498,200 Lot Size: 7000sf Prior Sale: $400,000 (06/02)

7 Prince Pl U:201, Newburyport.................. $155,420 Use:Office Condo Unit (343) B: Prince Place LLC S: Stonehaven Realty Dev LLC Mtg: Bay Colony Dev Corp $404,000 Date: 08/31/12 Total Assessed Value (2012): $131,700

Use:Mixed Use-Prim Res & Comm (013) B: Kristin L Hegazi & Mohamed A Hegazi S: Heritage Realty Ent LLC Mtg: American Finance $417,000 Date: 08/29/12 Total Assessed Value (2012): $668,000 Lot Size: 417392sf Prior Sale: $700,000 (10/11)

244 Dean St, Norton..................................... $300,000 Use:Mixed Use-Prim Res & Comm (013) B: William Leavitt Jr S: Paul Laliberte & Thelma Laliberte Mtg: Discover Home Loans I $294,566 Date: 08/16/12 Total Assessed Value (2012): $314,700 Lot Size: 126324sf

Orange

Daniel Shays Hwy, Orange............................

$25,000

Use:Commercial Potntl Dvlp Land (391) B: George A Hunt Jr S: John Anestis Date: 08/23/12 Total Assessed Value (2012): $64,600 Lot Size: 54014sf

Orleans

29 Main St, Orleans...................................... $306,400

7 Prince Pl U:201, Newburyport.................. $819,580 Use:Office Condo Unit (343) B: Prince Place LLC S: Stonehaven Realty Dev LLC Mtg: North Shore Bank $487,500 Date: 08/31/12 Total Assessed Value (2012): $131,700

Use:Office Bldg-General (340) B: Idle Times 29 Main Street S: Main Street Orleans LLC Mtg: Main St Orleans LLC $20,900 Date: 08/29/12 Total Assessed Value (2012): $497,600 Lot Size: 10454sf Prior Sale: $460,000 (04/06)

Use:Apartment Bldg - 4-8 Units (111) B: Feng Wang & Qing Yu S: Brian V Nickerson Mtg: New York Community Bk $333,750 Date: 08/28/12 Total Assessed Value (2012): $350,400 Lot Size: 3580sf Prior Sale: $370,000 (09/09)

425 Hancock St, Quincy............................... $750,000 Use:Restaurant/Bar (326) B: 425 Hancock Street LLC S: Peter J Murphy Tr, Tr for Lads Of Dickeen RT Mtg: Needham Bk $848,000 Date: 08/13/12 Total Assessed Value (2012): $591,700 Lot Size: 7282sf Prior Sale: $270,000 (08/98)

66 Raycroft St, Quincy................................. $420,000 Use:Apartment Bldg - 4-8 Units (111) B: Stephen D Ford & Kristin Pagnani S: Shing L Law & Anna Law Mtg: Colonial Fed Svgs Bk $336,000 Date: 08/30/12 Total Assessed Value (2012): $426,800 Lot Size: 7500sf Prior Sale: $170,000 (10/92)

100 Robertson St, Quincy............................ $296,000 Use:Apartment Bldg - 4-8 Units (111) B: 100 Roberston Street LLC S: Jim Min & Sovereign Bank NA Foreclosure Deed Date: 08/20/12 Total Assessed Value (2012): $489,200 Lot Size: 4677sf Prior Sale: $1 (09/07)

Randolph

59 Pleasant St, Randolph.............................

$66,000

Use:Industrial Warehouse (401) B: Oak Hill Park Randolph S: Kathryn Auburn by Eastern Bank Foreclosure Deed Date: 08/30/12 Total Assessed Value (2012): $356,100 Lot Size: 30492sf Prior Sale: $335,000 (03/01)

Reading

95 Main St, Reading..................................... $1,150,000 Use:Office Bldg-General (340) B: RJO Props LLC S: Thomas T Riquier Tr, Tr for LETOM RT Mtg: Northern Bk & Tr Co $850,000 Date: 08/10/12 Total Assessed Value (2012): $656,800 Lot Size: 22651sf

60 Mount Vernon St, Reading...................... $172,000 Use:Commercial Warehouse (316) B: Collins Dev Inc S: Patrick V Devaney Mtg: Lisa Cleary $90,000 Date: 08/13/12 Total Assessed Value (2012): $217,800 Lot Size: 5663sf

60 Mount Vernon St, Reading...................... $225,000 Use:Commercial Warehouse (316) B: 60 Mount Vernon LLC S: Collins Dev Inc Mtg: Northmark Bank $400,000 Date: 08/15/12 Total Assessed Value (2012): $217,800 Lot Size: 5663sf Prior Sale: $172,000 (08/12)

Revere

1 Centennial Ave, Revere............................ $750,000 Use:Apartment Bldg - 9 + Units (112) B: 1-3 Centennial Avenue LLC S: Centennial 6 LLC Mtg: Eastern Bank $562,500 Date: 08/07/12 Total Assessed Value (2012): $580,400 Lot Size: 4993sf Prior Sale: $354,000 (03/11)

46 Revere St, Revere................................... $320,000

Oxford

Use:Mixed Use-Prim Res & Comm (013) B: MEJIAS Inc S: Paula M Fusco Tr, Tr for Fusco Johnson FT Mtg: Lowell Cp Bk $240,000 Date: 08/14/12 Total Assessed Value (2012): $368,600 Lot Size: 5968sf

Use:Retail-Service (325) B: 676 Realty LLC S: EBOSCO LLC Mtg: TD Bank NA $88,000 Date: 08/23/12 Total Assessed Value (2012): $189,800 Lot Size: 22216sf Prior Sale: $135,000 (10/11)

Use:Restaurant/Bar (326) B: 338 Squire Road LLC S: Stephen R Caruso Tr, Tr for 338 Squire Road RT Mtg: Northern Bk & Tr Co $3,350,000 Date: 08/17/12 Total Assessed Value (2012): $630,800 Lot Size: 28769sf Prior Sale: $969,000 (07/98)

Newton

676 Main St, Oxford..................................... $110,000

Use:Mixed Use-Prim Res & Comm (013) B: Steven D Weatherhead & Sarah M Weatherhead S: Mox Weber & Julie S Weber Mtg: Mortgage Master Inc $880,000 Date: 08/24/12 Total Assessed Value (2012): $971,000 Lot Size: 14600sf Prior Sale: $1,020,000 (08/06)

Palmer

Rockland

Use:Retail-Department Store (322) B: Peoples United Bank S: Raymond R Richardson & Peoples United Bank Foreclosure Deed Date: 08/13/12 Total Assessed Value (2012): $188,200 Lot Size: 12180sf Prior Sale: $199,000 (04/06)

Use:Manufacturing Building (400) B: Stuart L Hemingway S: Andrew Stjames Tr, Tr for Stjames RT Date: 08/28/12 Total Assessed Value (2012): $264,200 Lot Size: 15246sf

76 Annawan Rd, Newton.............................. $1,189,000

300 Boylston St, Newton.............................$46,000,000 Use:Shopping Ctr/Mall (323) B: Atrium Wellness Ctr LLC S: Mayflower Atrium LLC Date: 07/19/12 Total Assessed Value (2012): $59,230,100 Lot Size: 125771sf Prior Sale: $33,229,269 (09/99)

1214-1220 Chestnut St, Newton.................. $1,500,000 Use:Retail-Service (325) B: 1220 Chestnut Street LLC S: Cheryl Cameron, Ex for Mooney M G Est Mtg: Direct Credit Union $750,000 Date: 08/21/12 Total Assessed Value (2012): $1,259,100 Lot Size: 19378sf

82 Church St, Newton.................................. $850,000 Use:Mixed Use-Prim Res & Comm (013) B: Baird Dev LLC S: Frances R Muse Mtg: Dedham Inst for Svgs $950,000 Date: 08/16/12 Total Assessed Value (2012): $835,800 Lot Size: 6966sf

19-31 Needham St U:1, Newton................... $5,000,000 Use:Office Condo Unit (343) B: 75-85 Main St Realty LLC S: KSKIM UBC Equity Partners Date: 08/24/12 Total Assessed Value (2012): $826,200 Lot Size: 109399sf

19-31 Needham St U:2, Newton................... $5,000,000 Use:Retail Condo (345) B: 75-85 Main St Realty LLC S: KSKIM UBC Equity Partners Date: 08/24/12 Total Assessed Value (2012): $839,000 Lot Size: 109399sf Prior Sale: $1,511,100 (11/06)

North Adams

456 Ashland St, North Adams.......................

$22,332

Use:Commercial Warehouse (316) B: Michael A Deep Tr, Tr for Deep RT S: Mark S Braman & Nathan W Braman Date: 08/24/12 Total Assessed Value (2012): $59,100 Lot Size: 5490sf Prior Sale: $1 (11/06)

535 Curran Hwy, North Adams..................... $670,000 Use:Charity Property (905) B: United Cerebral Palsy S: Visiting Nurse Assoc Mtg: Hoosac Bank $536,000 Date: 08/22/12 Total Assessed Value (2012): $1,087,800 Lot Size: 115434sf

North Andover

26-R Main St, North Andover....................... $200,000 Use:Parking Lot (337) B: Jeffco Inc S: Rear Lot LLC Mtg: Georgetown Savings Bk $1,000,000 Date: 08/28/12 Total Assessed Value (2012): $134,500 Lot Size: 24394sf Prior Sale: $571,750 (07/01)

1250 Osgood St, North Andover................... $1,180,000 Use:Restaurant/Bar (326) B: HJ&S LLC S: Bank Of New England Date: 08/20/12 Total Assessed Value (2012): $1,664,900 Lot Size: 135036sf Prior Sale: $1,950,000 (07/06)

11 Walnut St, Palmer................................... $140,225

Paxton

3 Camp St, Paxton....................................... $350,000 Use:State Property (901) B: Bonnie L Farrell & Mohsen Sadegh S: Sounsa Inc Mtg: Wells Fargo Bank $230,000 Date: 08/17/12 Total Assessed Value (2012): $454,700 Lot Size: 130680sf Prior Sale: $800,000 (06/02)

Peabody

7 Essex Green Dr U:63, Peabody................. $118,000 Use:Medical Condo Unit (344) B: 7 Essex Grn Suite 63 LLC S: John H Lindahl Tr, Tr for JHL NT Mtg: North Shore Bank $82,600 Date: 08/29/12 Total Assessed Value (2012): $120,700 Prior Sale: $120,000 (10/05)

Pittsfield

15-17 Stoddard Ave, Pittsfield.................... $150,000 Use:Mixed Use-Prim Comm & Resd (031) B: Robert E Dwyer Sr & Deborah A Dwyer S: Philip Adamo & Patricia Lehmann Date: 08/10/12 Total Assessed Value (2012): $234,800 Lot Size: 10454sf Prior Sale: $220,000 (12/91)

Plainville

11 Taunton St, Plainville.............................. $1,000,000

Use:Retail-Service (325) B: Global Companies LLC S: Global Cos LLC Mtg: Brookline Bank $1,000,000 Date: 08/29/12 Total Assessed Value (2012): $890,600 Lot Size: 29582sf Prior Sale: $2,248,000 (09/10)

Plymouth

7 Coles Ln, Plymouth................................... $300,000 Use:Office Bldg-General (340) B: Stephane Houel & Maggie C Mccullar S: Jordan Hospital Inc Mtg: Wells Fargo Bank $270,000 Date: 08/24/12 Total Assessed Value (2012): $366,100 Lot Size: 37860sf Prior Sale: $198,000 (02/99)

17-23 Park Rd, Plymouth............................ $350,000 Use:Apartment Bldg - 4-8 Units (111) B: Washington Realty Inc S: Duco Assoc Inc by David L Thomas Foreclosure Deed Date: 08/10/12 Total Assessed Value (2012): $511,100 Lot Size: 20020sf Prior Sale: $1 (10/07)

Provincetown

34 Conwell St U:34, Provincetown............... $335,000 Use:Office Condo Unit (343) B: Helping Our Women Inc S: Nancy C Correia Tr, Tr for Mciver RT Mtg: Seamens Savings Bank $218,000 Date: 08/28/12 Total Assessed Value (2012): $270,000 Prior Sale: $312,702 (05/05)

Quincy

338 Squire Rd, Revere................................. $2,125,000

285-R Centre Ave, Rockland....................... $470,000

540 Union St, Rockland............................... $145,000 Use:Retail-Service (325) B: Panopticon Imaging Inc S: US Bank NA, Tr for Lehman Brothers Small Bal Mtg: South Shore SB $75,000 Date: 08/24/12 Total Assessed Value (2012): $236,600 Lot Size: 21344sf Prior Sale: $170,000 (11/11)

Roslindale

18 Sheldon St, Roslindale............................ $455,000 Use:Church Property (906) B: Andrew Hollingers & Kristen L Liberman S: Sisters Of Mercy Mtg: Mortgage Master Inc $364,000 Date: 08/07/12 Total Assessed Value (2012): $359,400 Lot Size: 9980sf Prior Sale: $400,000 (04/07)

Rutland

26 Pommogussett Rd U:1-3, Rutland.......... $267,500 Use:Retail Condo (345) B: Leonardi Realty LLC S: GFA FCU Mtg: Middlesex Svgs Bk $218,750 Date: 08/15/12 Total Assessed Value (2012): $433,600 Prior Sale: $300,000 (05/11)

Salem

Leggs Hill Rd, Salem.....................................

$75,000

Use:Charity Property (905) B: Nicholas S Mennino Tr, Tr for NSD RT S: YMCA Of The North Shore Date: 08/24/12 Total Assessed Value (2012): $9,932,800 Lot Size: 698267sf Prior Sale: $2,905,000 (11/03)

29 Park St, Salem........................................ $120,000 Use:Apartment Bldg - 4-8 Units (111) B: Asset Recovery Mgmt Svcs S: Jorge Castro by Asset Recovery Mgmt Svcs Foreclosure Deed Date: 08/10/12 Total Assessed Value (2012): $322,900 Lot Size: 3160sf Prior Sale: $459,000 (09/04)

98 Washington Sq, Salem............................ $329,200 Use:Apartment Bldg - 9 + Units (112) B: Jennifer L Stonge S: Melba Apartments LLC Mtg: Boston Private Bank $303,000 Date: 08/10/12 Total Assessed Value (2012): $1,233,400 Lot Size: 12580sf Prior Sale: $1 (02/03)

Salisbury

55 Beach Rd, Salisbury................................ $245,000 Use:Mixed Use-Prim Res & Comm (013) B: Loretta A Kushner-Mooney & Larry D Mooney S: Miroslav Miocevic & Senada Miocevic Mtg: Cartus Home Loans $196,000 Date: 08/16/12 Total Assessed Value (2012): $329,600 Lot Size: 204732sf Prior Sale: $370,000 (12/07)

167 Elm St U:L41, Salisbury..........................

Use:Non-residential Condo (349) B: Gilbert E Mckenna & Margaret E Mckenna S: Storage Estates LLC Date: 08/15/12 Total Assessed Value (2012): $78,000

Š2012 THE WARREN GROUP INC. ALL RIGHTS RESERVED. NO PART OF THIS PUBLICATION MAY BE REPRODUCED WITHOUT THE WRITTEN CONSENT OF THE PUBLISHER.

$65,000

COMMERCIAL SALES MONTHLY REVIEW

SEPTEMBER 24, 2012

11 Brown St, Springfield...............................

Sharon

9 Castle Dr, Sharon...................................... $285,000 Use:Res Potentially Dvlpble Land (131) B: Erpol Constr LLC S: Charles E Dow Tr, Tr for Bay Road Woodland T Date: 08/13/12 Total Assessed Value (2012): $117,000 Lot Size: 42879sf

Sheffield

771 West Rd, Sheffield................................ $1,463,000 Use:Inn/Resort (302) B: Jill Friedlander & Michael Goroff S: Michael R Farmer Date: 08/30/12 Total Assessed Value (2012): $756,700 Lot Size: 470448sf Prior Sale: $382,500 (02/97)

Shrewsbury

14 Colonial Dr, Shrewsbury......................... $549,900 Use:Charity Property (905) B: Daniel N Shaheen S: Liberty Church Mtg: Guaranteed Rate Inc $269,900 Date: 08/30/12 Total Assessed Value (2012): $569,800 Lot Size: 29866sf Prior Sale: $425,000 (11/03) Use:Res Potentially Dvlpble Land (131) B: P B Turner & Andrea J Twining S: Brendon Props Hickory Hil Mtg: Provident Funding Grp $417,000 Date: 08/21/12 Total Assessed Value (2012): $185,600 Lot Size: 28107sf

5 Morningside Dr, Shrewsbury.................... $890,000 Use:Res Potentially Dvlpble Land (131) B: Jeffrey C Zidonis & Karen J Zidonis S: Highland Hills LLC Mtg: Prospect Mortgage LLC $400,000 Date: 08/10/12 Total Assessed Value (2012): $129,400 Lot Size: 23022sf

W Pelham Rd, Shutesbury............................

Use:Chapter 61 Forest (601) B: Richard M Pace 3rd & Leah R Pace S: WD Cowis Inc Date: 08/22/12 Total Assessed Value (2012): $100 Lot Size: 23958sf

Somerville

60 Derby St, Somerville............................... $1,200,000 Use:Apartment Bldg - 4-8 Units (111) B: John P Hayes Tr, Tr for J&G RT S: James J Cataldo Sr Tr, Tr for 60-64 Derby Street NT Mtg: E Cambridge Svgs Bk $2,160,000 Date: 08/24/12 Total Assessed Value (2012): $707,600 Lot Size: 5500sf

64 Derby St, Somerville............................... $1,200,000 Use:Apartment Bldg - 4-8 Units (111) B: John P Hayes Tr, Tr for J&G RT S: James J Cataldo Sr Tr, Tr for 60-64 Derby Street NT Mtg: E Cambridge Svgs Bk $2,160,000 Date: 08/24/12 Total Assessed Value (2012): $807,200 Lot Size: 6000sf

492-494 E Broadway U:7, South Boston...... $375,000 Use:Non-residential Condo (349) B: JW Broadway LLC S: Waypoint Dev LLC Mtg: First Commons Bank $300,000 Date: 08/10/12 Total Assessed Value (2012): $177,000 Lot Size: 1247sf

Use:Office Bldg-General (340) B: 49 Melcher Street LLC S: W2005 BWH 2 Realty LLC Mtg: 49 Melcher Street $2,000,000 Date: 08/09/12 Total Assessed Value (2012): $9,554,500 Lot Size: 29220sf Prior Sale: $2,500,000 (09/11)

202-204 W Broadway, South Boston........... $300,000 Use:Commercial Devlpble Land (390) B: Cedarwood Dev LLC S: John J Hurley Tr, Tr for Huley RET Mtg: Patriot Community Bk $1,179,000 Date: 08/22/12 Total Assessed Value (2012): $37,900 Lot Size: 2231sf Prior Sale: $1 (01/08)

127 College Hwy, Southampton................... $380,000 Use:Apartment Bldg - 4-8 Units (111) B: Robert H Hyjek & Linda J Hyjek S: Lyvong LLC Date: 08/10/12 Total Assessed Value (2012): $252,300 Lot Size: 50965sf Prior Sale: $1 (01/04)

Use:Manufacturing Building (400) B: 572 Saint James Ave LLC S: PYS Assoc LLP Mtg: Hampden Svgs Bk $175,000 Date: 08/31/12 Total Assessed Value (2012): $86,000 Lot Size: 17468sf Prior Sale: $64,000 (08/97)

Use:Restaurant/Bar (326) B: State Street Retail LLC S: Springfield Food System Date: 08/20/12 Total Assessed Value (2012): $650,000 Lot Size: 21218sf

644 State St, Springfield.............................. $800,000 Use:Office Bldg-General (340) B: State Street Retail LLC S: BJL Props LLC Date: 08/20/12 Total Assessed Value (2012): $378,300 Lot Size: 147233sf Prior Sale: $480,000 (03/01)

$21,000

Use:City/Town Property (903) B: Marth-E LLC S: Springfield City Of Date: 08/24/12 Total Assessed Value (2012): $93,600 Lot Size: 7501sf Prior Sale: $82,000 (10/04)

Use:Apartment Bldg - 4-8 Units (111) B: Udayan Patel & Punita Patel S: Antonio B Rego & Ana M Rego Mtg: Leader Bank NA $307,500 Date: 08/29/12 Total Assessed Value (2012): $392,200 Lot Size: 30330sf Prior Sale: $283,000 (11/99) Use:Mixed Use-Prim Res & Comm (013) B: Dennis Ruggeiro S: Rachel Mitchell & Thomas Mitchell Date: 08/28/12 Total Assessed Value (2012): $276,700 Lot Size: 9645sf Prior Sale: $1 (04/08)

345 Boston Post Rd U:D, Sudbury............... $190,000 Use:Office Condo Unit (343) B: MTCRA Sudbury LLC S: 345 DBPR LLC Mtg: TD Bank NA $100,000 Date: 08/14/12 Total Assessed Value (2012): $189,400 Prior Sale: $200,000 (08/08)

631 Boston Post Rd, Sudbury...................... $499,000

Use:Office Bldg-General (340) B: 631 Boston Post Road LLC S: Melvyn W Kramer & Joan S Kramer Mtg: RTN FCU $370,000 Date: 08/17/12 Total Assessed Value (2012): $492,900 Lot Size: 60000sf Prior Sale: $35,000 (04/98)

2181 Gar Hwy, Swansea................................

$65,000

Use:Commercial Potntl Dvlp Land (391) B: South Coast Educational S: Leo T Cyr & L M Cyr Date: 08/29/12 Total Assessed Value (2012): $68,800 Lot Size: 12197sf

270 Bay St, Taunton..................................... $262,500

349 Turnpike Rd, Southborough.................. $380,000 Use:Retail-Service (325) B: T&L Props LLC S: Route 9 Beer & Wine Inc Mtg: Mutualone Bank $280,000 Date: 08/31/12 Total Assessed Value (2012): $390,500 Lot Size: 40075sf

Use:Apartment Bldg - 4-8 Units (111) B: Michael R Bolduc S: Louis Borges & Diane T Borges Mtg: Mortgage Master Inc $249,375 Date: 08/30/12 Total Assessed Value (2012): $258,600 Lot Size: 10454sf

308 Bay St, Taunton..................................... $225,000

$25,000

Use:Apartment Bldg - 4-8 Units (111) B: Bandilla Props LLC S: Hanna Y Brojouki Date: 08/17/12 Total Assessed Value (2012): $158,100 Lot Size: 6300sf Prior Sale: $7,200 (01/12)

Use:Bank Building (341) B: LO 1877 TPM Corp S: Timothy N Holt by Mechanic Coop Bank Foreclosure Deed Date: 08/31/12 Total Assessed Value (2012): $761,200 Lot Size: 18731sf

19 Elm St, Taunton....................................... $213,800

Southwick

215 College Hwy, Southwick........................ $3,000,000 Use:Retail-Department Store (322) B: Barrett Ltd S: Southwick Investors I LLC Date: 08/07/12 Total Assessed Value (2012): $1,419,700 Lot Size: 184259sf

625 College Hwy, Southwick........................ $625,000 Use:Restaurant/Bar (326) B: 625 College Highway LLC S: T Peacock Inc Mtg: Terrence J Welch $610,000 Date: 08/27/12 Total Assessed Value (2012): $839,600 Lot Size: 47916sf

Use:Apartment Bldg - 4-8 Units (111) B: Henrique P Tavares & Stephanie F Soares S: David Pottier & Elziabeth Pottier Mtg: Bank of Canton $202,350 Date: 08/27/12 Total Assessed Value (2012): $320,400 Lot Size: 43560sf Prior Sale: $205,000 (10/98)

48 Hodges Ave, Taunton.............................. $202,450 Use:Apartment Bldg - 4-8 Units (111) B: Susan S Estrela S: FHLM Mtg: Merrimack Mtg Co $232,005 Date: 08/15/12 Total Assessed Value (2012): $280,900 Lot Size: 10454sf Prior Sale: $140,092 (01/12)

381 Winthrop St, Taunton.............................

$46,152

Use:Mixed Use-Prim Res & Comm (013) B: Frank M Teixeira S: Irene B Schall, Adm for Rose Francis L Est Mtg: Mechanics Cp Bk $90,000 Date: 08/21/12 Total Assessed Value (2012): $336,300 Lot Size: 27443sf

11 Brown St, Springfield.............................. $230,000

$38,000

Use:Apartment Bldg - 4-8 Units (111) B: Raymond Sanderson Tr, Tr for 337-341 Water St Sanderso S: Wakefield Town Of Date: 08/22/12 Total Assessed Value (2012): $762,000 Lot Size: 118483sf Prior Sale: $200,000 (12/93)

Walpole

395-419 High Plain St, Walpole................... $2,050,000 Use:Retail-Department Store (322) B: Maxine N Dunitz Tr, Tr for Maxine & Gerald Dunitz T S: Bond Walpole LLC Mtg: Liberty Bk $12,600,000 Date: 08/23/12 Total Assessed Value (2012): $3,347,600 Lot Size: 212573sf Prior Sale: $150,000 (12/92)

1009 US Route 1, Walpole........................... $2,050,000 Use:Parking Lot (337) B: Maxine N Dunitz Tr, Tr for Maxine & Gerald Dunitz T S: Bond Walpole LLC Mtg: Liberty Bk $12,600,000 Date: 08/23/12 Total Assessed Value (2012): $794,800 Lot Size: 95396sf Prior Sale: $1,350,000 (06/02)

Waltham

283-293 2nd Ave, Waltham.......................... $200,000 Use:Commercial Warehouse (316) B: SPS 2nd Avenue LLC S: Chiron Props LLC Mtg: Brookline Bank $1,237,500 Date: 08/31/12 Total Assessed Value (2012): $1,636,000 Lot Size: 45000sf Prior Sale: $2,525,000 (11/07)

462 Main St, Waltham.................................. $623,692 Use:Res Potentially Dvlpble Land (131) B: 8 Newton Street LLC S: HG Goldman Family LLC Mtg: Brookline Bank $2,100,000 Date: 08/15/12 Total Assessed Value (2012): $140,100 Lot Size: 8821sf Prior Sale: $1 (01/06)

Tewksbury

19 Barker Rd, Tewksbury............................ $1,625,000

Use:Industrial Warehouse (401) B: Robert Landini Tr, Tr for Barker Road RT S: Theodore C Chen Tr, Tr for Flauto RT Mtg: Eastern Bank $812,500 Date: 08/20/12 Total Assessed Value (2012): $1,257,500 Lot Size: 131551sf

36 W Main St, Westborough......................... $443,000 Use:Church Property (906) B: Shriver Nursing Svcs Inc S: First Baptist Church Of W Date: 08/15/12 Total Assessed Value (2012): $776,200 Lot Size: 24934sf

Westfield

1056 North Rd, Westfield............................. $185,000 Use:Commercial Potntl Dvlp Land (391) B: Sao Joao Realty LLC S: ACW Realty Mgmt Inc Mtg: Helena Sardinha $180,000 Date: 08/27/12 Total Assessed Value (2012): $97,500 Lot Size: 73181sf

Wilbraham

2031-2039 Boston Rd, Wilbraham..............$18,150,000 Use:Mixed Use-Prim Comm & Other (030) B: Maxine N Dunitz Tr, Tr for Maxine & Gerald Dunitz T S: Merchant Wilbraham 2 LLC Mtg: Liberty Bk $13,300,000 Date: 08/16/12 Total Assessed Value (2012): $14,082,100 Lot Size: 666906sf Prior Sale: $6,100,000 (07/07)

Wilmington

474 Main St, Wilmington.............................. $720,000 Use:Retail-Department Store (322) B: Supali RT LLC S: Frank Lochirco Tr, Tr for Lochirco Family Laurel RT Date: 08/23/12 Total Assessed Value (2012): $773,200 Lot Size: 54450sf Prior Sale: $585,200 (02/00)

11 Upton Dr, Wilmington.............................. $1,100,000 Use:Manufacturing Building (400) B: Dig Safe System Inc S: MIAT LLC Mtg: North Shore Bank $1,020,000 Date: 08/29/12 Total Assessed Value (2012): $738,400 Lot Size: 56628sf Prior Sale: $1,082,844 (06/04)

Winchester

160-162 Cross St, Winchester..................... $1,250,000 Use:Manufacturing Building (400) B: 160-162 Cross St Ent S: Thomas S Lapointe Tr, Tr for 160 Cross Street RT Mtg: 160 Cross St RT $1,250,000 Date: 08/24/12 Total Assessed Value (2012): $1,081,000 Lot Size: 35470sf

Winthrop

17 Seaview Ave, Winthrop........................... $123,250 Use:Mixed Use-Prim Res & Comm (013) B: US Bank NA S: Michael R Benson & US Bank NA Foreclosure Deed Date: 08/17/12 Total Assessed Value (2012): $269,300 Lot Size: 2073sf

Woburn

536 Main St, Woburn.................................... $700,000 Use:Mixed Use-Prim Res & Comm (013) B: Francis D Mirabito Tr, Tr for Main Street RT S: 536 Main Street LLC Mtg: Winchester Svgs Bk $525,000 Date: 08/22/12 Total Assessed Value (2012): $656,600 Lot Size: 12480sf

44 Pleasant St, Woburn............................... $450,000

468-472 Main St, Waltham.......................... $376,308

Use:Office Bldg-General (340) B: Scalley Props Inc S: Lillian F Long Mtg: Lillian P Long $450,000 Date: 08/31/12 Total Assessed Value (2012): $360,900 Lot Size: 5115sf Prior Sale: $225,000 (09/10)

121-125 Pond St, Waltham.......................... $502,500

Worcester

Wareham

Use:Apartment Bldg - 4-8 Units (111) B: SJ Realty LLC S: Jorge H Chapa Mtg: Neighborhood Stabiliz $100,000 Date: 08/31/12 Total Assessed Value (2012): $159,700 Lot Size: 6179sf Prior Sale: $120,000 (08/08)

Use:Commercial Devlpble Land (390) B: 8 Newton Street LLC S: Gordon Realty Inc Date: 08/15/12 Total Assessed Value (2012): $124,600 Lot Size: 4614sf Use:Apartment Bldg - 4-8 Units (111) B: Edmund Carr Tr, Ex for 121-125 Pond Street RT S: Patricia A Duquette, Ex for Bourque William C Est Mtg: First Commons Bank $629,720 Date: 08/29/12 Total Assessed Value (2012): $526,800 Lot Size: 7500sf

189 Marion Rd, Wareham............................ $425,000

Taunton

Southborough

Use:Mixed Use-Prim Res & Comm (013) B: Michael Serricchio S: First Fidelity Loan Svcng Date: 08/31/12 Total Assessed Value (2012): $96,600 Lot Size: 5702sf Prior Sale: $127,000 (07/07)

337-341 Water St, Wakefield.......................

572 Saint James Ave, Springfield................ $320,000

Swansea

Southampton

Use:Mixed Use-Prim Comm & Resd (031) B: James F Maloney & Leanne W Maloney S: George F Straight Mtg: N Middlesex Svgs Bk $230,000 Date: 08/16/12 Total Assessed Value (2012): $323,899 Lot Size: 5227sf

Wakefield

Sudbury

49 Melcher St, South Boston....................... $4,250,000

Springfield

Use:Medical Condo Unit (344) B: Baystate Medical Ctr Inc S: Radiology & Imaging Inc Date: 08/17/12 Total Assessed Value (2012): $158,600

178 Waldorf St, Springfield..........................

Use:Industrial Devlpble Land (440) B: Shawsheen Street LLC S: PRAXAIR Inc Mtg: Enterprise Bk & Tr Co $872,000 Date: 08/30/12 Total Assessed Value (2012): $623,900 Lot Size: 183823sf

8 N Main St, Upton....................................... $125,000

893 Washington St, Stoughton.................... $199,000

South Boston

44 Cohasse St, Southbridge.........................

Upton

Use:Medical Condo Unit (344) B: Baystate Medical Ctr Inc S: Radiology & Imaging Inc Date: 08/17/12 Total Assessed Value (2012): $231,100

374 Pearl St, Stoughton............................... $420,000

Use:Apartment Bldg - 4-8 Units (111) B: John P Hayes Tr, Tr for J&G RT S: James J Cataldo Sr Tr, Tr for 107-109 Perkins Street NT Mtg: E Cambridge Svgs Bk $2,160,000 Date: 08/24/12 Total Assessed Value (2012): $1,342,600 Lot Size: 13500sf

Southbridge

2 Medical Center Dr U:108, Springfield...... $430,000

Use:Church Property (906) B: Andrew Biancomano S: Yeshivah Achei Tmimim Date: 08/15/12 Total Assessed Value (2012): $179,400 Lot Size: 10494sf

Stoughton

107 Perkins St, Somerville.......................... $1,200,000

$60,000

Use:Medical Condo Unit (344) B: Jennifer Nguyen S: George J Gath Jr & Susan G Koerber Date: 08/10/12 Total Assessed Value (2012): $41,100 Lot Size: 100sf Prior Sale: $45,000 (08/10)

1695 Shawsheen St, Tewksbury.................. $100,000

632 State St, Springfield.............................. $550,000

$47,000

1147 Main St U:112, Tewksbury....................

15 Elwood Dr, Springfield............................ $136,000

2 Medical Center Dr U:113, Springfield...... $430,000

27 Hickory Dr, Shrewsbury.......................... $545,000

Shutesbury

$16,000

Use:Mixed Use-Prim Res & Comm (013) B: First Fidelity Loan Svcng S: Jeff Hodges by First Fidelity Loan Svcng Foreclosure Deed Date: 08/31/12 Total Assessed Value (2012): $96,600 Lot Size: 5702sf Prior Sale: $127,000 (07/07)

C11

Use:Mixed Use-Prim Res & Comm (013) B: 189 Marion Road LLC S: William P Hallisey Jr Mtg: Bridgewater Svgs Bk $566,800 Date: 08/27/12 Total Assessed Value (2012): $212,500 Lot Size: 52708sf Prior Sale: $330,000 (11/06)

Watertown

409 School St, Watertown........................... $572,500 Use:Mixed Use-Prim Res & Comm (013) B: Benjamin G Lewis & Krishnakali R Lewis S: Raymond S Mccord Mtg: Harvard University CU $515,250 Date: 08/21/12 Total Assessed Value (2012): $472,900 Lot Size: 3320sf Prior Sale: $1 (03/04)

75-77 Spring St, Watertown........................ $275,000 Use:Commercial Warehouse (316) B: Eric A Enteman S: Billie P Klapes Date: 08/06/12 Total Assessed Value (2012): $269,100 Lot Size: 4100sf

Webster

29-A Granite St, Webster..............................

$75,000

Use:Apartment Bldg - 4-8 Units (111) B: Hancock Street Hldgs LLC S: Dorothy B Franek Date: 08/13/12 Total Assessed Value (2012): $239,800 Lot Size: 7318sf Prior Sale: $1 (05/12)

16 Stoughton Ave, Webster......................... $130,000 Use:Mixed Use-Prim Res & Comm (013) B: Nancy Grochowski S: Nancy Grochowski, Ex for Duclos Rita E Est Date: 08/27/12 Total Assessed Value (2012): $181,600 Lot Size: 7524sf

West Brookfield

143 W Main St, West Brookfield.................. $217,400

Use:Retail-Service (325) B: Jason L Paquette & Chrystine M Paquette S: Darren R Paquette Date: 08/28/12 Total Assessed Value (2012): $335,100 Lot Size: 25265sf

Westborough

1 Technology Dr, Westborough................... $7,665,000 Use:Office Bldg-General (340) B: 1 Tech Works LLC S: One Tech Westborough LLC Date: 08/17/12 Total Assessed Value (2012): $6,096,200 Lot Size: 220035sf Prior Sale: $9,212,500 (03/06)

193 Belmont St, Worcester......................... $175,000

13 Dartmouth St, Worcester........................ $450,000 Use:Apartment Bldg - 9 + Units (112) B: Iqbal Ali Tr, Tr for AFRA RT S: LMM Realty LLC Date: 08/08/12 Total Assessed Value (2012): $385,700 Lot Size: 40500sf Prior Sale: $300,000 (11/07)

1 Emery St, Worcester................................. $299,521 Use:Apartment Bldg - 4-8 Units (111) B: FNMA S: Scott T Mikelonis by Citimortgage Inc Foreclosure Deed Date: 08/29/12 Total Assessed Value (2012): $223,900 Lot Size: 12000sf

67 Highland St U:1, Worcester.................... $250,000 Use:Office Condo Unit (343) B: E&L Properties LLC S: Kathleen H Gadbois Ex, Ex for Gadbois Gerard J Est Date: 08/17/12 Total Assessed Value (2012): $372,500 Lot Size: 10102sf Prior Sale: $100,000 (01/03)

59 King St, Worcester.................................. $163,000 Use:Apartment Bldg - 4-8 Units (111) B: Julia Z Zhang S: Rudy TJ Real Estate LLC Date: 08/08/12 Total Assessed Value (2012): $164,200 Lot Size: 5925sf Prior Sale: $1 (09/09)

Wrentham

1146 South St, Wrentham............................ $100,000 Use:Office Bldg-General (340) B: Simeone Assoc LP S: John R Dean Tr, Tr for RJP RT Date: 08/16/12 Total Assessed Value (2012): $453,400 Lot Size: 44867sf Prior Sale: $80,000 (06/98)

Yarmouth

330 Route 6A, Yarmouth.............................. $600,000 Use:Mixed Use-Prim Res & Comm (013) B: Viktor J Zukauskas Tr, Tr for White Marlin RT S: Charles H Sullivan & Penny A Sullivan Mtg: Bank of Cape Cod $480,000 Date: 08/06/12 Total Assessed Value (2012): $328,600 Lot Size: 44431sf

447 Station Ave, Yarmouth.......................... $700,000 Use:Commercial Warehouse (316) B: Station Crossing Ii LLP S: Peter J Nyberg Tr, Tr for 82 Old Townhouse Road RT Date: 08/10/12 Total Assessed Value (2012): $455,700 Lot Size: 52708sf Prior Sale: $1,210,000 (10/08)

303 Turnpike Rd, Westborough................... $1,650,000 Use:Restaurant/Bar (326) B: Berkshire Bank S: Bob Evans Farms Inc Date: 08/29/12 Total Assessed Value (2012): $1,910,300 Lot Size: 180121sf Prior Sale: $688,000 (04/97)

Š2012 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

7th Annual Commercial Real Estate Conference Global Trends. Local Impact.

October 2, 2012

Register online at www.naiopma.org The global economy remains mired in slow growth and yet the Massachusetts economy continues to grow and gain jobs. This conference will explore what is driving this success. What does the future hold for our economy? Find out how major institutional real estate investors view Boston compared to other large cities and if they think big money will keep flowing into our region.

Join NAIOP NAIO and Harvard Business School as we bring together top speakers from business, academia and real estate to break down and examine the latest trends affecting commercial real estate both globally and locally.

Speakers: Karl E. Case Wellesley College

Scott Malkin Value Retail

Ethan Penner CBRE Capital Partners

Seth Klarman The Baupost Group

Douglas Melton, Ph.D Harvard Stem Cell Institute

Nicholas Retsinas Harvard Business School

Nori Gerardo Lietz Arete Capital

David A. Moss Harvard Business School

Arthur Segel Harvard Business School

Š2012 THE WARREN GROUP INC. ALL RIGHTS RESERVED. NO PART OF THIS PUBLICATION MAY BE REPRODUCED WITHOUT THE WRITTEN CONSENT OF THE PUBLISHER.