BOSTON-The Mission Church sells 69 Allegheny St. in the neighborhood of Roxbury for $1.3 million to the Home for Little Wanderers. The 8,000-sf property, which sits on a one-acre parcel, was formerly a convent.
FALL RIVER, MA-Quaker Fabric Corp. plans to either buy or lease a 600,000 sf industrial building at 81 Commerce Dr. The company plans to consolidate several of its existing operations into this single-story, modern manufacturing and warehousing facility.
LAWRENCE, MA-JPI purchases British Colonial from KG Associates. The 222-unit apartment community, which will be renamed Hampton on Beacon Street Apartments, is located at 14-18 Beacon St. JPI plans to renovate and upgrade the property.
BOSTON-Gold Associates and VEF purchase 441 Stuart St. from 441 Stuart Street Realty Trust for $37.5 million. The new owners plan to convert floors five through 11 of the 141,658 sf office building to high-end residential condominiums.
WATERTOWN, MA-An aggressive leasing push at the Arsenal on the Charles has resulted in Harvard University nearly filling up the office complex. The university bought the 770,000-sf office complex over two years ago when it was on its way to being nearly 50% empty.
BOSTON-The real estate group of Charlesbank Capital Partners, LLC forms a separate entity, BayNorth Capital, LLC. The new firm will include its current investment staff and will continue to make direct or joint-venture real estate investments across the country.
CHARLTON, MA-Vehicle Outfitters Inc., an automotive accessories distribution and installation company, acquires 144 Sturbridge Rd., a 20,000-sf industrial building that it will use as its distribution center. The building was previously fully occupied by HK Hardwoods, a division of Marshall Lumber Co.
BOSTON-A partnership of American Fund-OIK and BHF Immobilien, advised by Real Estate Capital Partners, purchases 350 Washington for $110 million from Eastern Development LLC. The 150,000-sf retail property is located in the Downtown Crossing shopping district.
WALTHAM, MA- Lionbridge Technologies Inc. takes 27,478 sf of class A office space at 1050 Winter St. in the Bay Colony Corporate Center. The space will be used for the company's corporate headquarters location.
FRAMINGHAM, MA-Dennison Manufacturing Co. sells 101 Bishop St. for $2.66 million to Siegel, LLC. Atlantic Importing, Inc. plans to lease the entire 43,500-sf industrial property, which is located near Speen Street and Route 9, for its corporate offices and distribution center.
