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.
NATICK, MA-Beantan LLC, the New England region's franchise owners for Hollywood Tans, entered the area last year with one store in Saugus and plans to have 30 stores in the region by 2006.
WALTHAM, MA-Children's Hospital Boston purchases Sterling Medical Center from Sterling Center LLC. The acquisition is part of the hospital's effort to expand its network. The center is located at the former Waltham Hospital site and includes more than 400,000 sf of space on an 11-acre site.
BOSTON-The $60-million renovation is complete and the Jurys Hotel is officially open for business. The former Boston police headquarters at 154 Berkeley St. was redeveloped into a nine-story, 220-room luxury hotel by Jurys Doyle Hotel Group PLC and Saunders Hotel Group.
MARLBOROUGH, MA-PointCare Technologies Inc., an Ashland, MA-based company that develops medical test results, leases 9,710 sf at 181 Cedar Hill St. The deal means the 58,000-sf, two-story, flex/office building, which was built in 1983, is now 100% leased.
BOSTON-Chardon Realty Trust sells Lovejoy Wharf to a partnership comprised of Ajax Investment Partners LLC, Boston Wharf Investments LLC of New York and AIG Global Real Estate Investment Corp. The acquisition includes two largely vacant office buildings totaling more than 375,000 sf and a 40,000-sf wharf.
BOSTON-After acquiring the property this past August as part of a four-hotel portfolio from Wyndham International, Highland Hospitality signs on with Marriott International, Inc. to re-flag the hotel to the Boston Tremont Courtyard by Marriott Hotel.
NANTUCKET, MA-Nantucket Self Storage an 845-unit facility nails a $10 million loan in a refinancing deal. The owner of the facility, the largest of its kind on the island, was concerned about possible rising interest rates.
BOSTON-New Boston Fund Inc. closes its New Boston Real Estate Investment Fund LP VI with $400 million of investor equity committed to the fund. The firm says that the amount exceeded the firm's targeted equity level.
QUINCY, MA-NorthMarq's Boston regional office arranges $8 million in mortgage financing for Roche Brothers supermarket on Falls Boulevard. The 77,824-sf single-story retail property is located in Granite Crossing Shopping Center.