CAMBRIDGE, MA-Charlesbank sells its six grocery-anchored, retail properties in the Boston metropolitan area to Equity One. The company paid $120 million for the 390,979-sf portfolio.
WESTBOROUGH, MA-UPS Logistics decides to stay at 203 Flanders Rd. The company, which was using the location for office and warehouse space as a subtenant, signed a new lease for 33,840 sf in the building.
WALTHAM, MA-Brainshark leases 11,525 sf at 51 Sawyer Rd. The company, a developer of business communication solutions, is subleasing the space from Lifeplans. The six-story, 152,000-sf office building is located within University Office Park.
WESTBOROUGH, MA-Relizon Co., a Dayton, OH-based provider of business communications services, moves from one Invesco building to another. The company is relocating from 27 Otis St. to 51,200 sf at 1-5 Sassacus Rd., in a deal that fully leases up the 164,000-sf building.
PEABODY, MA-Petra Fashions leases 69,266 sf at One Second St. in Centennial Park. The move to the multiple-tenant industrial warehouse enables Petra to increase its space by 50%. The building is a located 20 minutes from Logan Airport.
TEWKSBURY, MA-In a deal that demonstrates the willingness of some growing biotech companies to leave the Cambridge area for the lower rents of the suburbs, Acusphere leases a 58,500-sf biotech manufacturing facility at 890 East St.
BOSTON-7-Eleven, the Dallas-based convenience store chain, has developed an urban-format strategy that involves smaller stores and daily deliveries which it hopes will allow it to more effectively open stores Downtown.
WILMINGTON, MA-Sirtex Medical enters the area with its purchase of 16 Upton Dr., an office/flex facility consisting of approximately 9,000 sf. The Australia-based company will use the building as a new manufacturing site.
BURLINGTON, MA-Pivotal Properties, a locally based real estate acquisition and operating company, changes its name to Linear Retail Properties. The firm seeks to acquire $200 million of "convenience-oriented" retail real estate in Eastern Massachusetts and Southern New Hampshire by 2006.
BOSTON-A group led by Lennar Corp., a Miami-based residential developer, signs a contract with Chicago-based Nicholas J. Pritzker, chairman of the Hyatt Development Corp., to purchase the property, which is considered the heart of the redevelopment of South Boston's waterfront.