CAMBRIDGE, MA-ING Clarion Partners sells Museum Towers at North Point, a 435-unit luxury high-rise apartment complex for $146 million. The company says the decision to sell was motivated by the strong demand in Boston for luxury condominiums.
NEWTON, MA-Senior Housing Properties Trust commits to purchase 35 senior-living properties from Five Star Quality Care, Inc. for $165 million. This commitment was made in connection with Five Star's recently announced agreement to acquire LTA Holdings Inc.
FOXBOROUGH, MA-The Maguire Group relocates from 225 Foxborough Blvd. The company, an architectural, engineering, planning and construction management firm is leasing 35,000 sf at 33 Commercial St. in a sublease deal from Invensys Systems Inc.
WESTON, MA-Stonegate at Weston, a 99-unit condominium conversion project at 64 Jericho Lane, nails a $27 million construction loan. The Boston office of Holliday Fenoglio Fowler LP arranged the financing on behalf of Boston Residential Group.
BOSTON-In a huge turn of events, a joint venture of New England Development, Boston Properties and the Related Cos.--all locally based firms--edge out Miami-based Lennar Corp. to purchase the 21-acre Fan Pier from the Hyatt Development Corp.
LEXINGTON, MA-The Hamilton Co. purchases the 42-unit Minuteman Village Apartments for $10 million. The deal comes a week after the Allston-based firm acquired the 280-unit Whitney on Main Apartments in Watertown for $56 million.
BEDFORD, MA-Empirix, a provider of integrated test and management solutions for web, voice and network applications, is leasing 66,000 at 20 Crosby Dr. The deal means that RSA Security Inc. has completed the subleasing of its former headquarters space at this location.
BRIDGEWATER, MA-Federal Realty Investment Trust purchases two supermarket-anchored shopping centers for $38 million. The two properties, Campus Plaza in Bridgewater and Pleasant Shops in Weymouth, were acquired for the Trust's recent joint venture with Clarion Lion Properties Fund.
BOSTON-Shreve, Crump & Low relocates from 330 Boylston St. to 222 Berkeley St. The jewelry retailer is leasing 21,722 sf formerly occupied by FAO Schwartz. The toy retailer entered bankruptcy protection last year and closed this store.
BOSTON-Berkshire Income Realty Inc. purchases eight multifamily apartment communities in two separate deals. The locally based real estate investment trust paid $43 million for four communities in Virginia and $14.5 million for interests in two communities in Illinois and two in Maryland.