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Ocean State Job Lot acquired 1493 Hartford Ave. in Johnston, RI, from Shaw’s Supermarkets Inc. for $5.4 million, or about $84 per square foot. The property is a single-story, 64,612-square-foot, Class B retail building constructed in 1996. The tenant was formerly Shaw’s Supermarkets; however, this location closed in February of this year. Andrew Bonica and Michael Hotarek of Eastern Retail Properties represented the seller and procured the buyer...

Full article: Former Shaw’s Grocery Store Finds New Owner/User ...

Tags: Boston, CoStar Group

Pharma giant Pfizer signed a 10-year deal with Massachusetts Institute of Technology to prelease 180,000 square feet in a new building to be built at 610 Main St. in Cambridge, MA. The new six-story, 429,996-square-foot, Class A office building is being designed to qualify for LEED standards. Construction is slated to be completed in the fourth quarter of 2013. Pfizer, headquartered in New York, plans to move its cardiovascular, metabolic and...

Full article: Pfizer Inks 180,000-SF Office Lease With MIT ...

Tags: Boston, CoStar Group

Eisai's H3 Biomedicine leased 49,898 square feet of office space at 300 Technology Square in Cambridge, MA. Technology Square is a 175,000-square-foot office building constructed in 2001 in the Cambridge Submarket. H3 Biomedicine is a new company focused on innovative drugs to fight cancer. The company is currently recruiting for its scientific team, which will be located in Cambridge. Cushman & Wakefield Director Juliette Reiter and Executive...

Full article: H3 Biomedicine Leases 49,898 SF in Cambridge ...

Tags: Boston, CoStar Group

Books-A-Million Inc. (BAM) has cut a deal to pick up 14 Border's book locations slated for closure. BAM will acquire the unexpired nonresidential real estate leases of 14 stores for $934,209. Each of the BAM eases was marketed by Border's real estate advisors, DJM Realty. Columbia Crossing, Columbia, MD Bangor Mall, Bangor, ME Maine Mall, South Portland, ME The Strip, Canton, OH Oak Point Plaza, Eau Claire, WI Grand Traverse Crossing...

Full article: Books-A-Million Taking Over 14 Border’s Leases ...

Tags: Boston, CoStar Group

Cisco Systems Inc. sold a parcel of land off of Great Road in Littleton, MA, to Littleton Commercial Investments LLC for $6 million, or about $1.53 per square foot. The property is 90 acres in size with utilities already to site and an existing asphalt paved lot. It is known as the Littleton Corporate Common, and is permitted for the development of 640,000 square feet of commercial space. William Bingham of Jones Lang LaSalle represented the...

Full article: Cisco Systems Sells Development Site in Littleton ...

Tags: Boston, CoStar Group

The investment entity 1925 Massachusetts Ave LLC acquired property at 1925 Massachusetts Ave. in Cambridge, MA, from Charles R Laverty Jr. and Paul Lohnes for nearly $5.03 million or $301 per square foot. The 16,688-square-foot, four-story retail building was constructed in 1909 renovated in 1986. At the time of the sale the property was occupied for retail and residential use. Lisa Campoli of Colliers International represented the seller. Please...

Full article: Retail Bldg. in Cambridge Sells for $5 Million ...

Tags: Boston, CoStar Group

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Follow me on Twitter for live news updates. GSA Acquires Site...

Full article: In The Pipeline: Construction and Development News for Sept. 4 – 10 ...

Tags: Boston, CoStar Group

This week's People of Note includes the following markets: Boston, Jacksonville/North Florida, Retail and San Francisco. SAN FRANCISCO Maushardt To Head Western Acquisitions for Wood Partners Wood Partners named Jane Maushardt as senior vice president of acquisitions for California, Colorado, Arizona and the Pacific Northwest. She will oversee the company’s apartment property purchases in the western U.S. Maushardt has more than two decades...

Full article: CoStar’s People of Note (Aug. 28-Sept. 3) ...

Tags: Boston, CoStar Group

Jay Nuss formed a new brokerage firm entitled Jay Nuss Realty Group LLC. The commercial real estate company will be based out of the Braintree Hill Office Park in Braintree, MA, starting September 1. As president, Nuss will continue to specialize in providing services for various commercial demands in the Boston Metro South market with a specialty in office and industrial properties. He was previously a broker with Paramount Partners LLC based...

Full article: Broker Establishes Jay Nuss Realty Group ...

Tags: Boston, CoStar Group

Joule Unlimited Technologies Inc. signed a 50,710-square-foot lease at 18 Crosby Drive in Bedford, MA. The two-story, 50,710-square-foot, Class B flex building was built in 1975 and is in the Lowell/Chelmsford industrial submarket. The property is on a 4.98-acre parcel in the Bedford Business Park. The Newmark Knight Frank team of John Hennessey and Ryan Weber represented Joule Unlimited. Stacy Baker was the in-house representative for Boston...

Full article: Joule Unlimited Leases Flex Bldg. in Bedford ...

Tags: Boston, CoStar Group