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It seems that the active real estate market in Massachusetts cannot wait for a refresh spring. In the end of March, there were quite a few impressive deals made, which including the developing project of Congress Square, Melnea Cass Boulevard Design Project and Millennium Tower.
Bldup named the top 7 deals happened in last few days, to present a more comprehensive images about the market's development.
554 Clark Rd
Address: 554 Clark Rd, Tewksbury, MA
Dollar Volume: Around 65 million
This standalone building consists of 62,200 SF of R&D/light assembly space and 40,000 SF of office space. Located in the northeaster of Boston and close to Lowell, 554 Clark Rd is easy to access by driving cars or taking T.
Close to the UMASS Lowell can be an advantage attracting talent for companies who will work in 554 Clark Rd. It is also convenient to ensure office suppliers by surrounding with big market like Market Basket.
In according to a recent report, the owner of this building is OSC Clark Road LLC, managed by Oliver Street Capital. This company has over 20 years of commercial real estate experience representing over $1.8 billion in total transactions.
Gardner Rehabilitation and Nursing Center
Address: 59 Eastwood Cir, Gardner, MA
Dollar Volume: Around 10.2 million
Located in the northwest in Boston, 59 Eastwood Cir is one of the top choices for people who want to keep away from noises.
Being a private hospital, called Gardner Rehabilitation and Nursing Center, the building has high-quality facilitation and interior design. Close to the highway, this convenient site has good transportation and plenty of parking lots. In addition, 59 Eastwood Cir is next to Gardner Plaza Shopping Center, which ensure the stuff resources.
Recently, this building is required by Howard Mermelstein in Gardner Re Parent LLC and Harry Jacobowitz in 3420 Newkirk Sub LLC.
5, 74 & 130 TURNER ST
Address: 5, 74 & 130 Turner St, Waltham, MA
Dollar Volume: Around 59 millionBase in Waltham, the west area in Boston, 5, 74 & 130 Turner St can be a good place for rapid developing companies. The easy access to T station and highway make these sites is advantage to bring in more young generation and investors. Be a neighbor of Brandies Graduate University can be a natural advantage to hire more talents, especially in business areas.
Stony Brook Office Park, located at 130 Turner Street in Waltham consists of four interconnected buildings, that lease 270,196 sq ft. of class A office space.
The good traffic condision makes this site also can be a good choice as warehouse.
Address: 1 Franklin St, unit 4001, 3403, 5505, 3410, Boston, MA
Dollar Volume: Around 92 million
Being the game changer in Boston real estate industry, Millennium Tower attracts the public’s attention consistently since it in the market. In past few weeks, there were some high-valued deals made in the units of this Tower.
Located in the center of downtown, Millennium Tower features 442 luxury residential condominiums with 95,000 square feet of retail space across the tower's first five floors. It also includes 127,000 square feet of office space and 142,000 square feet of retail space. There are also apartment spaces be featured in the top of this building.
13-15, 19 Congress St
Address: 13-15, 19 Congress St, Boston, MA
Dollar Volume: Around 19 million
Living in Boston, it is hard to ignore Congress Square. This 58,300-square-foot mixed-use development based on Financial District including hotel, office, residential and retail space. Recently, part of Congress Square -- 13-15, 19 Congress St had owned by HEMISPHERE DEVELOPMENT GROUP.
Being the center of Boston, Congress Square is close to waterfront district, financial district and seaport district. With high-volume flow, there are number of potential financial opportunities hidden in this area.
5 Concord RdAddress: 5 Concord Rd, Weston, MA
Dollar Volume: Around 21.5 million
As a majestic example of Georgian architecture, 5 Concord Rd located in Weston, the most desirable neighbor in Boston. This property combines ideally between its period architecting styles and modern family living.
A formal perennial English garden and rolling lawns, meadows and orchards. Over 12,500sq ft of main residence, carriage house garage, pool and pool house are located on this an 18.47 acre estate. Unique features of this property include nine fireplaces, a library with built-in cabinets, a traditional French-doored dining room, and a wine cellar with a temperature controlled tasting room and space for 4,000 bottles.
5 Concord Rd located in a quite environment with low crime rate, the main transportation around here is driving cars.
The owner of this building is Kai Zhao in HDG Congress LLC. The transaction value is 38% higher than the one in last year.
Melnes Cass Boulevard Design
Address: 40 Rayncr Cir & 600 Melnea Cass Blvd
Dollar Volume: Around 33 million
High-value transcantions were made in the sites of 40 Rayncr Cir and 600 Melnea Cass Blvd in last week. Both of these two sites are part of Melnes Cass Boulevard Design Project.
Boston’s The Transportation Department is working with the Roxbury community to redesign Melnea Cass Boulevard. The project’s goal is to make it a neighborhood-friendly corridor with the "Complete Streets" principles: safe, comfortable design for people of all ages and abilities to walk, bike, take a bus, or drive. The project will support economic development along the corridor.
The Madison Melnea Cass Apartments will located in 40 Rayncr cir and part of Melnea Cass Blvd. Developed by Madison Park Development Corpration, the affordable housing is this site is is being planned and developed with the Boston Housing Authority and Preservation of Affordable Housing, Inc., as part of the Choice Neighborhood Initiative.
The spring is just in beginning in Boston, and there are still many potential investing opporunities in MA's real estate market waiting for discovering.
Stay tuned .
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