BOSTON-Ashford Hospitality Trust Inc. closes on a $15-million mezzanine loan to a joint venture between Congress Group Ventures and the Buccini/Pollin Group on the Embassy Suites-Boston Logan Airport.
BOSTON-The facility is the first in the city for the Minneapolis-based retail chain and is part of property owner's Edens & Avant's overall expansion and renovation plan for the 450,000-sf center.
LEXINGTON, MA-WebHire renews its lease for 29,042 sf at 91 Hartwell Ave. The company says it chose to remain in the 121,486-sf, three-story building, which is owned by Boston Properties, due to its attractive location.
BOSTON-The Cresset Group and Third Sector New England Group acquire Lincoln Plaza, a 231,215-sf, two-building office complex located in the city's leather district, for $27.5 million.
BOSTON-The green light has been given to the Brewery Lofts project at 251 Heath St. Commonwealth Ventures wants to redevelop the former American Brewery Company building complex into a 79-unit residential development.
NORWOOD, MA-Bayer Healthcare leases 100,000 sf at 2 Edgewater Dr. The company is relocating from 200,000 sf in Medfield to this building so it can develop office and lab space for its Diagnostics Division.
ACTON, MA- Ciena Corp., a computer network company, leases 42,000 sf at 35 Nagog Park in the Nagog Office Park, a 14-building property owned by KBS Realty Advisors. The deal involves a 34,700-sf renewal and a 7,300-sf expansion for five years.
WESTBOROUGH, MA-Pulte Home Corp. leases 8,713 sf at 115 Flanders Rd. for 10 years while 3M Corp. takes 5,813 sf for five years in the 64,654-sf office and research and development building. The building is located at the intersection of Routes 495 and 9.
BOURNE, MA-C&S Wholesale Grocers sells the Bourne Shopping Center to Eastern Development LLC for just under $5.8 million. The 56,713-sf property, located at 170 Clay Pond Rd., is anchored by a 36,325-sf Grand Union Family Market.
CAMBRIDGE, MA-The intellectual property law firm expands its lease at One Main St. in the Riverfront Office Park. Lowrie, Lando & Anastasi nearly doubles its space from 7,640 sf to approximately 15,000 sf.