BILLERICA, MA-New Boston Fund acquires 1000-1200 Technology Park Dr., a 139,180-sf office and showroom building, for $10.5 million. The two-story facility was just fully leased to the Gift & Decorative Accessories Center Association Inc.
LOWELL, MA-Developers nail down a $3 million bridge loan for the fourth and final phase of the renovation of Boott Cotton Mills, located in the city's Downtown. The West Mill property will consist of 106 luxury condominium homes and 82,000 sf of office space.
FOXBOROUGH, MA-Likarr Inc. acquires 6 Perry Dr., a 55,000-sf facility, for $1.9 million. The company, a provider of integrated maintenance solutions, occupied a smaller space in the Fox Hill Industrial Park prior to the sale and the purchase allows it to expand while not disrupting daily operations.
BOSTON-CRIC Capital acquires five restaurants from El Torito and Acapulco Restaurants Inc. in California and Missouri. The locally based real estate investor says the acquisition is in line with its strategy to annually acquire more than $400 million of single-tenant properties across the country.
DANVERS, MA-The company, which provides residential financing, is entering the Greater Boston area in a big way by leasing 51,694 sf of office space throughout the area. Previously, Countrywide Home Loans occupied 12,000 sf of office space in the state and has now completed new leases in six buildings.
WESTBOROUGH, MA-The high tech firm is leasing 29,995 sf at 2000 West Park Dr. The company decided it could save on its real estate costs by maintaining its corporate headquarters at in this location. Virtusa extended its lease for another five years.
BOSTON-The Boston Garden Development Corp. proposes a 415-ft residential building right next to the FleetCenter. The company says the tower is the next phase in the continuation of its master plan for the New Boston Garden Development Area.
CHELSEA, MA-New England Organics leases 25,727 sf at 215 Williams St. at the corner of Spruce and Williams streets. The free-standing building consists of refrigerated warehouse space and office space and is located near the New England Produce Center.
BOSTON-The BRA gives the final approval to a 651,000-sf mixed-use development in the Fenway. The $200 million project, being developed by Fenway Ventures, is supposed to serve as the anchor for the revitalization of the Boylston Street corridor in the Fenway.
CAMBRIDGE, MA-Ascent Technologies Inc. leases 14,163 sf of office space at One Broadway. The 16-story building, which is located in the heart of Kendall Square, is adjacent to and owned by the Massachusetts Institute of Technology.