Causeway Street Offices Sold for 80 Percent Discount
The decline in Boston office building valuations is creating opportunities for local developers to acquire class A buildings previously owned by national and institutional investors.
The decline in Boston office building valuations is creating opportunities for local developers to acquire class A buildings previously owned by national and institutional investors.
A Charlestown office building that was expanded under the ownership of DLJ Real Estate Capital Partners sold to a Burlington developer for $9.5 million.
After redeveloping a Worcester industrial property into last-mile distribution space for Amazon, Burlington-based R.J. Kelly Co. has sold the 176,000-square-foot facility to Tritower Financial Group for $52 million.
A portion of the Analogic Corp. campus in Peabody would be redeveloped into an Amazon last-mile delivery station under newly-submitted plans by Burlington-based R.J. Kelly Management.
Amazon will open a 177,000-square-foot last-mile delivery station in Worcester at a former manufacturing facility that was acquired by Burlington-based R.J. Kelly Co. in September for $7.2 million.
A Framingham office building that’s 100-percent leased to tenants including Fidelity Investments and Liberty Mutual has been acquired by Burlington-based R.J. Kelly Co. for $12.4 million.
Boston-based Battery Global Advisors has joined the ownership structure for a Burlington office property in a $37.8 million recapitalization.
Infogroup has signed an eight-year lease for 20,641 square feet at 20 Mall Road in Burlington.