Northeast
Hilco Buys Boston-Area Office Campus for $86M
NKF Capital Markets arranged the company’s acquisition of CenterPoint, a 440,000-square-foot property in Waltham, Mass., which formerly served as an R&D and manufacturing hub for Raytheon.
Home2 Suites Breaks Ground in PA
The 109-key hotel west of Philadelphia is slated to come online by next summer. Investment company Roch Capital owns the project.
Binswanger Sells Minority Stake to Key Employees
A board comprising David Binswanger, Frank Binswanger, two employee investors and an independent director will now run the company.
UOVO to Bring New Art Storage to Brooklyn
The company is set to open a 150,000-square-foot storage facility located in Bushwick, Brooklyn’s art community. The storage is expected to open in fall 2019.
Claremont Acquires Downtown Boston Hotel
Boston Wharf Co. built the asset in 1901 as The Stillings Building. The property, redeveloped in 2013 as an adaptive reuse project, now offers 120 loft-style suites.
Brennan, Arch Street Buy Multi-State Industrial Portfolio
Progressive Converting Inc. is the sole occupant of the three properties, which are located in the Green Bay, Wis., and Scranton, Pa., metropolitan areas.
Boston Office Asset Sells for $450M
Tishman Speyer’s property in the Seaport District changed hands for more than $1,200 per square foot, a record-breaking price for the metro.
Suburban NJ Retail Center Reaches Full Occupancy
In a deal brokered by Wolf Commercial Real Estate, Burn Boot Camp signed a 6,000-square-foot lease, joining a roster of tenants comprising Panera Bread and EyeDesigns.
TH Real Estate Sells Stake in Boston Tower for $210M
The investment manager sold a 49.9 percent interest in 501 Boylston St., a 610,000-square-foot office and retail property, to Norges Bank Real Estate Management.
Inland Private Capital Closes $46M Portfolio Sale
Sold through a 1031 investment program, the portfolio comprises a total of 115,503 square feet of medical office space in Illinois and Massachusetts.