FOXBOROUGH, MA-Midas Vision Systems, Inc. leases 38,400 sf here at 77 Green Street. The area, located about 25 miles south of Boston, has experienced a steep increase in vacancy rates over the past year.
WATERTOWN, MA-Arthur D. Little, the consulting firm that filed for bankruptcy protection a few months ago, asks the bankruptcy court to allow it to cancel its 365,000-sf lease here at the Arsenal on the Charles, a 770,000-sf office complex recently acquired by Harvard University.
FRAMINGHAM, MA-National Development wants to build one of the town's largest residential developments here in a 170-acre former sand and gravel pit. The size of the project has convinced the town to ask the Newton-based developer to conduct a comprehensive traffic study on the impact of the project.
MATTAPOISETT, MA-The town's zoning board of appeals denies an application to develop a 100-unit residential complex here when one of the developers drops out of the project. The plan was to have an affordable housing component so the remaining developer can appeal the decision to the state.
LENOX, MA- Cranwell Resort, Spa & Golf Club builds a 35,000-sf spa at its 380-acre resort here in the Berkshires. The $9-million project has been in development for over two years and will open next month.
BEVERLY, MA-Axcelis Technologies Inc. is opening a 140,000-sf manufacturing facility here near the company's headquarters. The $31-million plant will be used for semiconductor manufacturing process development.
UPTON, MA-Activists here are trying to prevent a medical waste processing facility from being built on part of a 32-acre site. The Citizens for the Preservation of Upton has introduced a zoning bylaw but it is unclear if that will be enough to hinder the facility's development.
CANTON, MA-Teva Pharmaceuticals sells its 251,750-sf former pharmaceutical manufacturing facility located at 25 John Road to Liberty Properties, a Boston-based real estate investment and management company.
QUINCY, MA-Lend Lease Real Estate Investments, Inc. acquires a 119,000-sf office building at 150 Newport Ave. The purchase of the four-story building was made on behalf of a pension fund client.
RAYNHAM, MA-Paramount Development wants to develop its 42.8-acre site here on Route 44 into a mixed use project with approximately 200,000-sf of space, while Wal-Mart seeks to more than double its 90,000-sf store located across the street.