State: Massachusetts - MA
Gardencrest Apartments
buyer plans $10Mln capital improvements; 95% occupied with monthly rents averaging about $1,004.
RiverTech Park
High-tech facility was built in 2001 and is occupied primarily by Mykrolis Corp., which leases 175,000 sf.
Copley Place
deal is for a two-thirds stake in the retail/office complex (valued at $357Mln); Simon has full ownership now
6101 Executive Blvd.
aka Atrium Building; The three-story building is less than half leased, but the NIH is taking 37,000 sf
Home Properties Pays $85.4Mln for Suburban Boston Apartments
July 2, 2002 WALTHAM, Mass. – Home Properties (NYSE:HME) has paid $85.4 million for Gardencrest Apartments, a 696-unit complex in this Boston suburb.Under the $122,000/unit purchase, the Rochester, N.Y.-based REIT assumed $5.6 million of existing property debt, paid $21.8 million ...
Suburban Boston Office Complex Fetches $49Mln
June 19, 2002 BOXBOROUGH, Mass. – A venture between Lend Lease Real Estate Investments and Wells Real Estate Funds has paid $48.95 million, or nearly $151/sf, for Tech Central, a two-building office campus at 80 and 90 Central St.Bren Schreiber ...
Host Marriott Pays $214Mln for Boston Marriott Copley Place
In a clear sign that the hotel market is well into its recovery, the company is buying the 1,139-unit hotel from Overseas Partners Capital. The property had been on the sales block for about two years, but sales efforts ground ...
Developer Buys Land, Lines Up Financing for Boston Hotel
June 4, 2002 Commercial Real Estate Direct Staff ReportBOSTON – An investor group led by Boston developer David Leatherwood has acquired a site in downtown Boston on which he plans to construct a 112-room boutique hotel.In yet another example that ...
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