CHICOPEE, MA-In a move that local officials see as crucial for the region's growth, Pioneer Packaging Inc. chooses to stay in the area by purchasing an 8.7-acre parcel in Airpak West, an industrial park which is owned by the Westover Metropolitan Development Corp.
BOSTON-In one of the year's largest leasing deals for the area, Cambridge Associates signs a lease for 90,000-sf of space at 100 Summer St. The investment and consulting firm will occupy three floors in financial district office tower.
LAWRENCE, MA-Centercorp Retail Properties and The Davis Companies sell Plaza One Fourteen, a 103,926-sf shopping center located at the intersection of Routes 114 and 28 for $10.3 million to Capwell Lawrence LLC, an affiliate of Albemarle Equities, LLC and Goldstein Associates.
WALTHAM, MA-Workplace IQ partners with Aperture Technologies Inc. to develop a workplace IQ-hosted ASP version of Aperture's Business Infrastructure Management solutions for the real estate industry. The product will allow users access to an integrated suite of products that can run on the same platform.
CANTON, MA- Designs, Inc. will pay $170 million for the assets of Casual Male Corp. beating out Charlesbank Capital Partners LLC, which had bid $137 million for the locally based men's retailer. Casual Male filed for bankruptcy late last year.
CAMBRIDGE, MA-Newly released first-quarter statistics indicate the local commercial real estate market is split between a thriving biotech sector with extremely low vacancies and a lagging office market struggling to fill space.
SMITHFIELD, RI-Dow Chemical Co. will be able to develop a bio-pharmaceutical research and manufacturing facility and Fidelity Investments will expand its campus thanks to a land swap deal brokered by the state's Economic Development Corp.
WORCESTER, MA-As part of a continued effort to revitalize the 25-acre South Worcester Industrial Park, the city council creates an economic development zone on a 67,000-sf parcel of city-owned land. The designation allows the city to negotiate with developers.
CARVER, MA-New England Waste Services proposes developing a landfill on 50 acres of a 180 acre parcel it is looking to acquire. If the town allows the landfill, the company says it will provide $1 million a year for 20 years to the town.
BOSTON-The Massachusetts Housing Finance Agency provides $33.5 million in financing to develop a 209-unit affordable-housing project in the former St. John of God Hospital complex. The project will include a nursing home as well as independent- and assisted-living facilities.