MARLBOROUGH, MA-The city approves Fairfield Green, a 332-unit development that is being built under Chapter 40B, the state's affordable housing law. The project, which will be located in an industrially zoned area near Route 495, will be Marlborough's largest ever affordable housing project.
MEDFORD, MA-Cambridge Applied Systems, Inc. leases 10,670 sf at 10 President's Landing. The company is relocating from a Class B building to the 164,000 sf Class A office building in a deal that is indicative of a trend among tenants to take advantage of soft market conditions.
EVERETT, MA-A developer wants to build a 292-unit condominium complex on Waters Avenue. The city wanted to see housing go up on the site but the density of the project has prompted officials to rezone the area.
NORWOOD, MA-Shared Technologies, which develops business and telecommunications solutions, leases 15,000 sf of office and flex space at 1400 Providence Highway. The 155,540-sf property consists of three buildings and is owned by Everest Partners LLC.
NORTH READING, MA-Greenstreet/Niosi Capital Partners and Taurus Investment Holdings acquire a 60,800 sf flex/office building from a private owner for $4.8 million. The deal is the ninth investment completed between the two firms within the past three years.
NEWTON, MA-A portfolio of warehouse/distribution properties owned by affiliate entities of Equity Industrial Partners Corp. nails down $56 million in financing. The five properties total two million sf.
HOPKINTON, MA-Velquest Corp. expands to 12,202 sf of office and flex space at 25 South St. The company is relocating from nearby 35 South St. into a fully occupied building owned by Everest Partners.
BOSTON-Greater Boston's biotech market is experiencing increased vacancies, according to a report from Richards Barry Joyce & Partners. But the state continues to be a focal point of the biotechnology market and the financing community's interest in the sector indicates that the market has a bright future.
BOSTON-Rich May renews its lease for 17,465 sf of space at 176 Federal St., a 71,218-sf, class A office building located in the financial district. The locally based law firm is taking the top two floors of the six-story building.
BOSTON-The Dana-Farber Cancer Institute signs a 10-year lease for 39,300 sf at 109 Brookline Ave. The three-story office building and five-story office, telecom and laboratory building is located in the heart of the Longwood Medical Area and consists of nearly 300,000 sf of space.
