Haverhill Seeks to Tap Industrial Growth
With a downtown renaissance gaining momentum, the city of Haverhill is looking to spread its economic growth and tap into demand for industrial development along Interstate 495.
Franklin, Foxborough Multifamily Complexes Sell for $85M and $88M
The Interstate 495 corridor, particularly the MetroWest area, has become attractive for investors and developers looking to maximize their returns as office and lab uses out-compete multifamily projects on rents. Two recent sales are no exception.
$30M Spec Industrial Development Begins in Bellingham
A 345,000-square-foot high-bay distribution facility has broken ground on speculation in Bellingham to meet growing demand from e-commerce and logistics industries along the I-495 corridor.
MetroWest Apartment Market in Demand
For developers looking for prime opportunities to build or buy multifamily properties in Massachusetts, the Interstate 495 submarket may offer some of the best returns.
‘Green District’ Eyed for 49-Acre Marlborough Parcel
A 43-acre Marlborough development site once eyed for a large R&D park is being repositioned for a 475-unit apartment complex.
Partners-Anchored Medical Building Sold for $15.5M
A 63,539-square-foot medical building 100 percent leased by six tenants in Haverhill has been sold to Irvine, California-based American Healthcare Investors for $15.5 million.
Pottery Barn Distribution Center Sold to Conroy for $26M
Stoughton-based Conroy Development is the new owner of a Taunton distribution facility for Williams Sonoma-affiliated furniture brands.
Andover Office Building Sells for $8.27M
An Andover office building near the intersection of Interstates 93 and 495 has sold for $8.27 million.
Brockton Pharmacy Company Relocates to Taunton Industrial Park
A company that provides pharmacy services for nursing homes and senior living facilities is relocating to Taunton’s Myles Standish Boulevard.
Marlborough Luxury Community Sold for $44M
A luxury apartment complex in Marlborough has been sold for $44.25 million.
Chelmsford Flex Portfolio Sold for $15.75M
A Chelmsford flex portfolio occupied by such tenants as Endeavor Robotics and Thermo Fisher Scientific has been sold for $15.75 million to a Springfield investor.
Leominster Industrial Properties Sold for $7.45M
A pair of fully leased industrial buildings in Leominster have been acquired for $7.45 million.
Marijuana Growing Operation Pitched for Framingham Farm
A Framingham farm could become the latest marijuana growing facility in Massachusetts under a plan to be put to the city’s planning board tonight.
Calare Sells Marlborough Property for $14.2M
After acquiring a shell industrial property in foreclosure for $1.8 million in 2011, Hudson-based Calare Properties has sold 417 South St. in Marlborough to a fund managed by Berkeley Partners of San Francisco.
Lincoln Property Sells Marlborough Data Center for $33M
A data center and flex property at 34 St. Martin Drive in Marlborough has been acquired by a California investor for $33.25 million.
Marlborough Industrial Property Sells for $18.1M
A Marlborough industrial portfolio has sold for $18.1 million.
Three-Property Industrial Portfolio Sells for $43.3M
A portfolio of three industrial properties on the outskirts of Greater Boston has sold for $43.3 million.
Attleboro Mayoral Candidate Floats Plan for Dramatic Downtown Remake
A three-term city councilor challenging Attleboro Mayor Paul Heroux for his seat has released a plan calling for the city to take an aggressive role in redeveloping the city’s downtown, focused on six key parcels.
Spec Industrial Pipeline Responds to Market Changes
Industrial development is ramping up to the highest levels seen in the current real estate cycle, driven by a group of large speculative projects designed to satisfy shifting shopping patterns and the Massachusetts building industry’s demand for storage space.
Raytheon Inks 134K SF Lease in Tewksbury
Raytheon has signed a seven-year lease for 134,000 square feet in an office and manufacturing complex in the Interstate 495 belt.
