BOSTON-The Boston Redevelopment Authority approves the second phase of the revitalization of the Boston Specialty and Rehabilitation Hospital in Mattapan. The plan involves rehabilitating five vacant buildings on nearly 10 acres of the 27-acre campus into 83 units of affordable housing.
SOUTH GRAFTON, MA-Joe Muner purchases 134 Ferry St., a 75,000-sf warehouse facility, for $1.5 million. The seller, Precise Technologies, had a manufacturing plant at this location which it recently closed down. Muner plans to lease out the building.
BOSTON-The Massachusetts Turnpike Authority issues a request for proposals for the development of 10 acres in South Bay at the foot of the newly created Rose Kennedy Greenway. The property is considered prime real estate and its development will expand the city's Downtown area.
CAMBRIDGE, MA-Riverfront Office Park leases up more than 200,000 sf over the past nine months. The 665,000-sf office park was acquired by Hines on behalf of the National Office Partners Limited Partnership in 2000. It consists of two buildings located along the Charles River.
PLYMOUTH, MA-Fantini & Gorga/iCap Realty Advisors arranges $9.75 million in permanent financing for the Home Depot Plaza on Home Depot Drive and Long Pond Road. The recently built retail center totals 57,937 sf and consists of three separate buildings on a seven-acre parcel.
STOUGHTON, MA-After more than five years of trying to get a store built in Somerville, Stoughton takes six months to approve IKEA's plan to build a 350,000-sf store on a 20-acre parcel just off Route 24.
FOXBORO, MA-Construction begins on Premier Courts, a 70,000-sf indoor sports facility being built at 97 Green St. on the Foxboro/Mansfield town line. When complete, Premier Courts will be the largest indoor basketball facility in the region.
FITCHBURG, MA-In a deal that demonstrates the trend among users to purchase, rather than lease, the industrial space they occupy, Geosearch Inc of Sterling purchases 20 Authority Dr., a 50,200-sf first class industrial building located right off of Routes 2 and 31.
BROCKTON, MA-Cathartes Private Investments, in a joint venture with Juliano Enterprises, is developing Etonic Lofts Downtown at 147 Centre St. The 61-unit project is located in the heart of the city's transit village.
CAMBRIDGE, MA-Bluefin Robotics Corp. leases 27,313 sf of office, machine shop and research and development space. The company, which was formed from a core team of the Autonomous Underwater Vehicles Laboratory at MIT, is moving over 60 people to its new location.