CAMBRIDGE, MA-Wells Real Estate Investment Trust Inc. purchases One Brattle Square from Boston Capital Institutional Advisors. The six-story, 98,069 sf building, which is nearly fully occupied, sold for $70 million or $714 per sf.

CHELMSFORD, MA-The US Air Force Joint Personal Property Shipping Office will be housed in 15,500 sf at 100 Apollo Dr. for the next 10 years.

WESTBOROUGH, MA-LSI Logic leases 10,292 sf at 114 Turnpike Rd. in the Westboro Executive Park, which is right off Route 495. The Milpitas, CA–based company, a global supplier of semiconductors, has area offices in Burlington and Wellesley Hills.

NEWTON, MA-HRPT Properties Trust purchases Dallas-based Hallwood Realty Partners, LP for approximately $250 million. Hallwood and its affiliates are merging with a subsidiary of HRPT, a locally based REIT, and will become a wholly owned subsidiary of the trust.

WOBURN, MA-Schenker USA, a Freeport, NY-based company that provides integrated logistics services, is leasing 15,266 sf at 20 Commerce Way. The deal represents a relocation of the company's regional facility.

SALEM, MA-Derby Lofts Condominiums gets a $10.5 million construction loan. The project is located in the in the Heritage Plaza East district of the city in the former Salem Laundry Building and will consist of 54 residential units and 12,000 sf of retail space.

BOSTON-Cresa Partners in Boston's first quarter market report indicates that the city's office market--where vacancy rates are about 17%--will likely remain flat through the rest of the year. Blame for the situation is placed on the employment numbers which have yet to experience a significant increase.

NATICK, MA-Select Energy Services leases 16,964 sf of office space at 24 Prime Parkway in a renewal and expansion deal. The five-story, 107,349 sf Class A office building is located near the Massachusetts Turnpike as well as Routes 128, 95 and Route 9.