The three other offices of Cushing & Dolan are 1330 Boyleston St. in Chestnut Hill; 187 Ballardvale St. in Wilmington; and the first office to move will be 24 School St. in Boston. The four-story 375 Totten is one in a set of four office buildings in Totten Pond Road Office Park, near the Interstate 95 and Route 128.
Meanwhile, a little further west in Sudbury, 33 Union Ave. is picking up $2 million in mortgage financing from EB Realty LLC. The 117,000-square-foot industrial building is leased to Staples Contract and Commercial Inc. The facility is part of Chiswick Park and holds 87,000 square feet of distribution and 30,000 square feet of office. The terms of this deal were not disclosed, nor did Northmarq respond to GlobeSt.com inquiries by deadline.
For the 375 Totten deal, Elias Demakes, John Dolan and Joe Flaherty from Colliers Meredith & Grew represented the landlord--Totten Pond LLC--while John Butterworth of CB Richard Ellis-New England repped Cushing & Dolan, P.C. Northmarq Capital arranged the financing for the borrower through "its relationship with Digital Federal Credit Union," according to a release.
The suburban markets have shown more activity, leasing smaller spaces and trading a few lesser-priced buildings. Soloman Pond in Marlborough leased 140,466 square feet of its office/R&D facility, even as the former Verizion building, also in Marlborough, sold for $9 million. Above the suburban fray, the John Hancock Tower sold for $1.3 billion.
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