Recent CRE transactions in Boston. Website: https://nitter.cf/t.co/3d61WcpHE6 Insta: https://nitter.cf/t.co/jrWLj8Siww Linkedin: https://nitter.cf/t.co/3fO4czitgE Newsletter: https://nitter.cf/t.co/Vgvjq72A67
Boston, Massachusetts
Joined October 2020
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Massachusetts voters rejected Question 7. The by-right single-family rule for 5,000 SF lots outside Boston is off the table.
With about 99% counted, No led roughly 50.6% to 49.4%.
Zoning stays local. Owners and brokers outside Boston keep current lot and frontage rules. No statewide by-right override.
A FedEx Freight terminal in Greater Boston just traded for $36M.
@JLL arranged the off-market sale of 300 Bartlett St. in Northborough from NorthBridge Partners to LaSalle Investment Management.
- 54,504 SF build-to-suit truck terminal
- 76 dock doors and 309 trailer parking positions
- Fully leased to FedEx Freight on ~25 acres along I-495
Mission-critical logistics with a credit tenant. Hard to replace in MetroWest Boston.
SALE
IMAGE: Danny Griffin
DATE: 10/29/2026
ADDRESS: 54 Elliott Street
MARKET: Beverly, MA
ASSET TYPE: Retail
BROKER: Danny Griffin - Atlantic Retail (@Atlantic_Retail)
SALE PRICE: $4,817,000
SF: 14,036 ~ PPSF: $343
Revere just put a Cabrini-scale housing plan on the council calendar.
Cooledge Street Smart Growth Overlay (~40 acres):
- Replace 431 aging public-housing units with ~790 new public units
- Add ~910 market-rate homes (~1,700 total)
- 570 family + 220 senior/disability public units planned
- Chapter 40R overlay now headed to zoning subcommittee
- Phased rebuild with on-site resident relocation
Metro Boston's next mixed-income megaproject is moving through local zoning.
BGO just picked up a new South Shore industrial box.
545 Washington St, Wrentham MA:
- 132,055 SF Class A warehouse on 13.6 acres, delivered 2023
- 100% leased to two tenants
- Seller: Bluewater Property Group + Affinius Capital; buyer BGO
- 36-ft clear, 30 docks; Route 1 / I-495 / I-95 access
- @JLL arranged the sale
Fresh institutional product in Greater Boston's South industrial corridor.
MassChallenge is moving its global HQ to Fenway.
- 22,500 SF at 401 Park, the former Landmark Center
- Landlord: Alexandria Real Estate Equities
- Leaving the Seaport, opening December 2026
@CushWake's Ryan Hurd advised @MassChallenge on the deal.
A branded Financial District hotel just changed hands.
Hyatt Centric Faneuil Hall at 50-68 Devonshire Street:
- $58.4M sale to EOS Investors
- 163 rooms; seller Magna Hospitality (Warwick, RI)
- $40M mortgage from Beacon Bank & Trust
- Part of Related Beal's old Congress Square cluster; Magna bought the hotel piece in 2016 for $16.5M
Another urban Hyatt into a New York hospitality platform that now owns 40+ hotels.
SALE
IMAGE: Josh Morris
DATE: 10/23/2026
ADDRESS: 26 Saratoga, 715 Cottage, 9 Melton, 60 Esten, 61 Vale & 197 Sabin
MARKET: Pawtucket, RI
ASSET TYPE: MultiFamily
BUYER: Manuel Matos
SELLER: Youssef Botros
BROKER: Josh Morris - New England Apartment Group
SALE PRICE…
Brookline just cleared one of its largest Route 9 redevelopments in decades.
City Realty's 1280-1330 Boylston Street (~5 acres):
- Town Meeting rezoning passed 217-20
- Three buildings: full-service hotel with event space and restaurants, residences, medical office and retail
- Projected $6.3M+ in net new annual tax revenue
- $11M to Brookline's Affordable Housing Trust Fund
- $12M toward transportation and public safety
Next: state environmental review and local permits; construction eyed for 2028.
LEASE
IMAGE: Dmitriy Shnitman & Jeremy Casey
DATE: 08/14/2026
ADDRESS: 1466 Curran Memorial Highway
MARKET: North Adams, MA
ASSET TYPE: Industrial ~ SF: 71,000
BROKERS: Dmitriy Shnitman - Conviser Property Group (@ConviserPG) & Jeremy Casey (@CaseyJeremy) - SR…
Cambridge life science just locked a $245M completion loan.
Innovative Industrial Properties committed mezzanine financing to IQHQ affiliates for Alewife Park Phase I:
- 27-acre campus; Phase I is 392K SF across three buildings
- ~$111M funded at close; $134M more available through Q4 2027
- Phase I ~78% leased to Lila Sciences
- Secured by equity pledges; matures Feb 2028 with a 1-year extension option
IQHQ says roughly $800M was already invested before this capital. More dry powder for Boston-Cambridge lab lease-up.
SALE
IMAGE: Danny Griffin, David Hoppe & Eric Suffoletto
DATE: 10/31/2026
ADDRESS: 3105c Cranberry Highway
MARKET: East Wareham, MA
ASSET TYPE: Retail
BROKERS: Danny Griffin, David Hoppe & Eric Suffoletto (@EricSuff) - Atlantic Retail (@Atlantic_Retail)
SALE…
Greater Boston has zero square feet of office under construction.
First time in 20 years.
- Conversions are pulling old inventory off the market
- Cambridge showing positive momentum
- TAMI still the top industry for active requirements
No new supply is the recovery setup owners want. Q3 data via @Newmark
Hersha Hotels & Resorts just sold the Home2 Suites Boston South Bay.
- 130 extended-stay suites, 76,398 SF
- 15 Jan Karski Way, by South Bay Center
- Built 2020
- Walk to Andrew and Newmarket stations
- @JLL's Alan Suzuki and Matthew Enright repped the seller
JLL Income Property Trust (@JLL) buys West Boston Distribution Center in Northborough for about $36M.
🏭 54,000 SF Class A, 100% leased
📜 14 years left on the lease, 2.5% annual bumps
🚛 306 trailer stalls off I-495 and I-90
About $667/SF, and the yard is the story.
Maura Healey won a second term as Massachusetts governor. AP called it one minute after polls closed.
Housing production is expected to stay at the top of her second-term list. The biggest housing vote on the ballot, Question 7, is still too close to call.
