Professional Documents
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The Real Reporter August 6, 2010 Issue
The Real Reporter August 6, 2010 Issue
etxe 37
moc.retroperlaereht.www :etisbew
moc.retroperlaereht@kcabdeef :tcatnoc AUGUST 5, 2010
N
Speedy Recovery . . . . . . . . . . . . . . . 18 EEDHAM — Another New
Boston Fund commercial
building has undergone an
ownership shift change, this one
the prominent 254 Second Ave.
flex/office property that serves as
home to GateHouse Media.
Although the communication
group’s lease is expiring, buyer
Mark H. Rubin of Maric Inc.
expresses confidence over his pur-
THE REAL REPORT chase Thursday of the 86,000-sf
continued on page 16 254 Second Ave., Needham MA
Cape Win
Price is Right for Parsons in $3.5M Deal
N
ATICK — They had Michael Price at “Hello.”
In recounting the springtime cold call that
led to Price’s Waltham-based Legacy Real
Estate Ventures buying 11 Huron Dr. last week for
$3.5 million, Parsons Commercial Group principal
Richard Putprush explains he was certain the two-
story, 30,000-sf office building would be a good
match for the veteran investor, so much so that
South Cape Village, Mashpee MA Price was the first prospect contacted when PCG
opted to quietly test the sales waters for an asset it
MASHPEE — C.Talanian Realty is
has owned since October 2005.
best known for its dominating pres-
11 Huron Dr., Natick MA continued on page 5
ence as a commercial landlord on
Boston’s renowned Newbury
Street, but the venerable family run
real estate firm has carved out a ‘Turmoil’ Keeps Industrial on Edge
hefty retail niche here on Cape Cod BY JOE CLEMENTS “There is still a fair amount of turmoil, and
B
during the past decade as developer OSTON — New England’s industrial the outlook for this year is not that rosy.”
of South Cape Village. The multi- real estate landscape has been G&E’s Boston team has even amassed five
phase, 160,000-sf shopping center on soaked by a torrent of economic reasons that portend a protracted recov-
Route 28 today offers year-rounders upheaval since 2008, but even though the ery. Anemic consumer spending, high
and summer tourists alike a variety tempest has seemingly ebbed, unemployment and New
of consumer choices from Dunkin’ some local experts fear unsettled England’s light lineage as a distri-
Donuts, Marshall’s and Olympia conditions will threaten indefi- bution hub are among the quintet
Sports to a Roche Bros. nitely. of quandaries facing industrial
Supermarket and Sovereign “It remains pretty rough for properties regionally, offers
Bank. “It has become a key corner,” developers, investors and owners Spencer. Much of the inventory
acknowledges President Charles of industrial real estate,” Grubb & that does exist is obsolete to
continued on page 4 Ellis SVP Brad Spencer says in today’s requirements, he adds,
assessing the first half of 2010. Brad Spencer continued on page 17
2 THE REAL REPORTER August 5, 2010
781-933-3335 TradeCenterSuites.com
August 5, 2010 THE REAL REPORTER 3
B
OSTON — A.W. Perry has announced that GEN3 Partners 2I¿FH6SDFH/HDVLQJ_,QYHVWPHQW6DOHV_$GYLVRU\6HUYLFHV
has signed up for 6,000 sf at Twenty Winthrop Sq., an his-
toric office building in the city’s Financial District. A busi- 617.426.6666 | saintjamesrea.com
ness consulting firm, GEN3 Partners will be moving next month
to the second floor of the five-story, 30,000-sf property from C O R C O R A N Management LLC
nearby Post Office Square. JENNISON
continued on page 13
4 THE REAL REPORTER August 5, 2010
2,000-7,500 SF
OV ASE
LE
ER D
Office Space Available
20 IN
,00 20
0 S 10
F
QUINCY, MASSACHUSETTS
BUILDING FEATURESS & AMENITIES
On-site café
Conference center er
Five-story atrium
VAV HVAC system
Sitting garden overlooking pond
12 corner offices per floor
Three high speed elevators
Card key access
PARK AMENITIES
Shuttle service to the
MBTA Red Line
Multiple medical practices
Bright Horizons Daycare
Boston Marriott Quincy hotel and
Hancock’s restaurant
www.300crowncolony.com
Owned & managed by:
Colliers Meredith & Grew | 160 Federal Street | Boston, MA 02110 | www.colliersmg.com
August 5, 2010 THE REAL REPORTER 5
Price is Right
continued from page 1
“It fit Legacy’s profile perfectly,” Putprush relays, citing ele-
ments such as steady cash flow, a prime local location, and the
opportunity to add value. “I’ve done business with Michael for
20 years, and I know what he likes,” says Putprush. “And I was
also sure he could perform and get it done.”
Price voices similar reasons for immediately focusing his
attention on 11 Huron Dr., crediting the PCG team for provid-
ing the information early to enable his company to make a com-
mitment soon after the investigation commenced.
The trust factor ultimately paid off, so much so that
Putprush notes the entire process from the initial contact to
closing was completed within 100 days,
including Legacy’s successful effort to secure
financing in the form of a $2.45 million mort-
gage from Middlesex Savings Bank.
The lender was doing its first deal with
Legacy, having been introduced through
PCG. Michael P. Hart of the bank’s commer-
cial lending division “led the charge,” says
Richard Putprush Price, and according to Putprush, the out-
come there offers further proof of Legacy’s
reputation and its strategy for taking on 11
Huron Dr., which is presently full but will be
losing one tenant occupying 5,400 sf over the
near term. “They are very selective,”
Putprush says of Middlesex Savings Bank.
According to Putprush, the space coming
available could be seen as much as an oppor-
Michael Price tunity as a crisis for Legacy. “It will allow
Michael to work some of his magic,” says Putprush. The
prospect of upside was one factor in identifying Legacy as a
possible buyer, relays Putprush, as well as a tenant mix that fits
Price’s experience in leasing to child care and medical opera-
tions, both of which are represented in 11 Huron Dr.
Had a deal with Legacy not worked out, Putprush says PCG
could have refinanced the building that it purchased for $2.65
million, part of the group’s own eclectic portfolio of commercial
assets in Greater Boston. Having gone the sales route, however,
“we were glad to get it done,” says Putprush, with the company
involved in plenty of other action at present. “We’re very busy,”
says Putprush, who declined to discuss other potential transac-
tions in the works.
As for 11 Huron Dr., Legacy has retained Eastport Real
Estate to manage the building and is considering potential leas-
ing agents. Price concurs with other investors weighing poten-
tial deals that quality product is difficult to identify and expec-
tations on challenged assets have been hard to justify. “I was
fortunate to have been selected by Rick to take a look at this,” Tomorrow’s superpowers are today’s rapidly-evolving
he says of the Natick building. For Putprush, the final outcome businesses. Let us handle your clients’ small, short and flexible
was no surprise. “When Michael locks on, he locks on and does- office space requirements, and you too can be a superhero.
n’t let up,” he says of Price. n
Laurie Snelson, Managing Director
laurie.snelson@carrworkplaces.com
617.692.2900 carrworkplaces.com
FEEDBACK TO: EDITOR@THEREALREPORTER.COM
6 THE REAL REPORTER August 5, 2010
Commercial Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
AUG 2ND
MORTGAGE: $115,000,000 from Wells
Fargo Bank NA
ADDRESS: Avenue de Lafayette and Chauncy
Street, Boston
BORROWER: CHSP Boston LLC and CHSP TRS
Boston LLC, c/o Chesapeake Lodging TR
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
AUG 2ND
BUYER: Robert Shanahan
SELLER: Andrew S. May and Jennifer S. May
PRICE/ADDRESS: $2,850,000; 27 Barnstable
Rd., Wellesley
MORTGAGE: $1,250,000 from Merrill
Lynch Credit Corp.
NOTES: Single-family, built 2001; house size is
6,225 sf, lot size is 22,600 sf; five bedrooms and
6.5 baths; last sold for $3,050,000 in July 2001
BUYER: John J. Dormer and Melissa B. Dormer
SELLER: Michele D. Beardslee and William C.
Beardslee
PRICE/ADDRESS: $2,500,000; 15 Harbor
View, Marblehead
NOTES: Single-family Colonial, built 1900; house size
is 4,175 sf, lot size is 24,700 sf; five bedrooms and
4.5 baths; last sold for $1,995,000 in March 2005
BUYER: Michael J. Comb
SELLER: Carla F. LoConte and Christopher L. LoConte A seven-year-old Colonial at 6 Aristotle Dr. in Winchester is under new ownership following its purchase
PRICE/ADDRESS: $2,200,000; 343 for $1,550,000 by Caroline Goria and Vincent J. Goria from Katalin M. Simon and Michael K. Simon. RBS
Commercial St., Unit 12, Boston Citizens provided a $1,240,000 mortgage to back the acquisition. The 6,275-sf, six-bedroom home last
MORTGAGE: $1,650,000 from JPMorgan sold for $1,795,000 in Sept. 2004.
Chase Bank
NOTES: Residential unit in low-rise Union
Wharf Condominium; unit size is 2,300 sf; NOTES: Single-family Colonial, built 1930; NOTES: Single-family, built 2001; house size is
three bedrooms and 2.5 baths; unit last sold house size is 4,050 sf, lot size is 13,075 sf; six 3,950 sf, lot size is 2.1 acres; three bedrooms and
for $2,000,000 in Nov. 2005 bedrooms and 4.5 baths; last sold for 2.5 baths; last sold for $265,000 in Dec. 1999
$1,715,500 in Aug. 2004
BUYER: YHG Inc. BUYER: R. David Rauh and Robert G. Rauh
SELLER: Michael D. Stillman and Steve Williams BUYER: Judith A. Pribaz and Julian J. Pribaz SELLER: Woodlands at Belmont Hill LLC
PRICE/ADDRESS: $2,150,000; 300 Boylston SELLER: Michael G. West, trustee of Church PRICE/ADDRESS: $1,150,000; 6 Summit Rd.,
St., Unit-609, Boston Court Condominium Unit-53, Belmont
NOTES: Residential unit in high-rise Back Bay PRICE/ADDRESS: $1,600,000; 492 Beacon NOTES: Residential unit in the Woodlands at
condominium; unit size is 2,100 sf; five bed- St., Unit-64, Boston Belmont Hill condominium
rooms, two baths and 2.5 baths; unit last sold MORTGAGE: $1,200,000 from BNY Mellon NA
for $1,700,000 in Nov. 2006 NOTES: Residential unit in mid-rise Church Court BUYER: Karen Gallucci and Marc Gallucci
Condominium; unit size is 1,675 sf; two bed- SELLER: Gary Dragoon and Diane E. Young
MORTGAGE: $1,900,000 from TD Bank rooms and two baths; unit last sold for $391,500 PRICE/ADDRESS: $1,075,000; 55 Wellesley
ADDRESS: 15 Rockport Rd., Weston in Aug. 1999; Declaration of Homestead St., Weston
BORROWER: Carol A. Levy and Joseph L. Levy MORTGAGE: $860,000 from Danversbank
BUYER: Charles A. Brown and Kathryn L. Brown NOTES: Single-family; house size is 4,250 sf;
BUYER: Julia F. Carpenter, trustee of the Julia
SELLER: Jadakali LLC lot size is 16,325 sf; five bedrooms and 3.5
F. Carpenter Revocable Trust 1999
PRICE/ADDRESS: $1,595,000; 65 Toxteth St., baths; last sold for $1,199,000 in May 2005;
SELLER: Mark B. Glovsky, trustee of the Sixty-
Lot B, Brookline Declaration of Homestead
Four Eastern Avenue Nominee TR
MORTGAGE: $200,000 and $960,000 from
PRICE/ADDRESS: $1,800,000; 64 Eastern
RBS Citizens NA BUYER: Michael A. Nunes and Sarah H. Nunes
Ave., Essex
NOTES: Duplex, built 1890; living space is SELLER: Howard B. Himmel and Stephanie A.
NOTES: Farm property with residence and
3,750 sf, lot size is 3,775 sf; seven bedrooms Himmel
multiple buildings; lot size is 19.5 acres; resi-
and two baths; Declaration of Homestead PRICE/ADDRESS: $1,070,000; 56 Ware Rd.,
dence has four bedrooms and four baths
Lot 20, Needham
BUYER: Ann M. Hodgson and Samuel H. Hodgson BUYER: Gregg M. Dixon and Sierra Gitlin MORTGAGE: $856,000 from Monument
SELLER: Casey L. Pittock and Sarah P. Pittock SELLER: Craig M. Filmore Mortgage
PRICE/ADDRESS: $1,675,000; 12 Tennyson PRICE/ADDRESS: $1,200,000; 27 Newman NOTES: Single-family Cape, built 2000; house size
Rd., Wellesley Rd., Newbury is 3,650 sf, lot size is 9,000 sf; five bedrooms and
MORTGAGE: $1,172,500 from Merrill MORTGAGE: $375,000 and $523,750 from three baths; last sold for $795,000 in Dec. 2000
Lynch Credit Corp. Wells Fargo Bank & Trust Co. continued on page 8
8 THE REAL REPORTER August 5, 2010
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
continued from page 10 BUYER: Desmond A. Havlicek and Jennifer R. BUYER: Alison Chang and Albert Kwok*
MORTGAGE: $1,000,000 from Needham Bank Havlicek SELLER: 122 Grant Street LLC
ADDRESS: 42 College Rd., Natick SELLER: Sara C. Tague, trustee of Tague PRICE/ADDRESS: $1,112,500; 122 Grant St.,
BORROWER: Angela M. Snyder and John D. Cohasset Realty TR Lexington
Snyder PRICE/ADDRESS: $1,425,000; 101 Atlantic MORTGAGE: $834,375 from NE Moves
Ave., Cohasset Mortgage
J U LY 2 9 T H MORTGAGE: $375,000 from USAlliance NOTES: Single-family Colonial, built 2010;
Federal Credit Union and $523,750 from house size is 4,200 sf, lot size is 10,950 sf;
BUYER: David T. Carson, trustee of Ranger Mortgage Network four bedrooms and 4.5 baths; property last
Nominee Realty TR NOTES: Single-family, built 1950; house size is sold for $400,000 in Sept. 2009; Declaration
SELLER: William T. English 3,175 sf, lot size is 20,000 sf; six bedrooms of Homestead
PRICE/ADDRESS: $3,575,000; 70 Brimmer and 2.5 baths; sellers acquired property for
St., Unit-238, and 81 Chestnut St., Boston $82,000 in June 1976 BUYER: Barbara A. Martino and Michael A.
NOTES: 70 Brimmer St., Unit-238 sold for Martino
$200,000 in March 207; property a parking BUYER: Elizabeth C. Nassikas and Lewis A. SELLER: Gary F. Foster and Patricia M. Foster
spot; price paid for parking spot $225,000; Nassikas Jr. PRICE/ADDRESS: $1,197,500; 6 Preservation
space last sold for $200,000 in March 2007; SELLER: Joan Glass Morgan and Judy Glass, Way, Lot 8, Medfield
81 Chestnut St. last sold for $2,900,000 in a/k/a Judy Glass Shanes, trustees of 61 MORTGAGE: $325,000 from Cabot Corp.
March 2007; lot size is 1,500 sf Sheffield Road Nominee TR and $523,750 from Wells Fargo Bank
PRICE/ADDRESS: $1,300,000; 61 Sheffield NOTES: Single-family European Manor style,
BUYER: Barton F. Graf Jr. and Kristine M. Graf* Rd., Newton built 1995; house size is 4,850 sf, lot size is
SELLER: Karen B. Watson and Stuart H. Watson MORTGAGE: $76,250 and $523,750 from 3.3 acres; five bedrooms and 5.5 baths; last
PRICE/ADDRESS: $2,650,000; 3 Abbott Rd., Wells Fargo Bank sold for $765,000 in May 1997; Declaration of
Lexington NOTES: Single-family Tudor, built 1929; house Homestead
MORTGAGE: $1,590,000 from ING Bank size is 3,200 sf, lot size is 32,250 sf; three bed-
NOTES: Single-family Colonial, built 1910; rooms and 3.5 baths; seller’s family ownership BUYER: Christopher Malloy and Molly Malloy
house size is 6.800 sf, lot size is 30,000 sf; dates to June 1967 SELLER: Adam C. Erickson, a/k/a Adam Erikson
five bedrooms, three baths and three half- PRICE/ADDRESS: $1,190,000; 40
baths; last sold for $2,250,000 in June 2005; BUYER: Tina A. Cassidy and Anthony E. Flint Cedarwood Rd., Jamaica Plain
Declaration of Homestead SELLER: Paul R. Gauron, Executor of the MORTGAGE: $242,500 from Wells Fargo
Estate of Anastasia S. Davis Bank NA
BUYER: Safi Kalo PRICE/ADDRESS: $1,235,200; 254 Walnut NOTES: Single-family Colonial; house size is
SELLER: Janet S. Davie and Joseph M. Davie St., Brookline 2,875 sf, lot size is 8,750 sf; four bedrooms,
PRICE/ADDRESS: $2,031,250; 75-83 MORTGAGE: $1,175,625 from Brookline three baths and two half-baths; last sold for
Cambridge Pkwy., Unit-W709, Cambridge Bank $579,000 in May 2000; Declaration of
NOTES: Residential unit in high-rise condo- NOTES: Single-family, built 1890; house size is Homestead
minium property; unit size is 2,000 sf; two 3,325 sf, lot size is 3,450 sf; six bedrooms and
bedrooms and two baths; unit last sold for 2.5 baths; seller’s family ownership dates to MORTGAGE: $1,000,000 from BNY Mellon NA
$1,850,000 in Feb. 2007; purchase includes June 1939 ADDRESS: 156 Orange St., Lot 1, Nantucket
two parking spaces BORROWER: Louise Goldberg
BUYER: Ivana Magovcevic-Liebisch
BUYER: Meirav Zaks-Zilberman and Tal Zaks SELLER: Henry D. Vara III J U LY 2 8 T H
SELLER: James R. McCall and Joan M. Muros PRICE/ADDRESS: $1,171,000; 208 Collins
PRICE/ADDRESS: $1,735,000; 122 Bellevue Rd., Lots 6A and 7, Newton BUYER: Bryan Kevin Meehan and Tara Corina
St., Newton MORTGAGE: $117,000 and $877,500 from Meehan, trustees of Staderas TR
MORTGAGE: $1,388,000 from Wells Fargo Bank U.S. Bank Home Mortgage SELLER: Susan L. Baker and Michael R. Lynch
NOTES: Single-family Tudor, built 1935; house NOTES: Single-family Tudor, built 1932; house PRICE/ADDRESS: $7,250,000; 1039 Main
size is 4,825 sf, lot size is 18,950 sf; four bed- size is 3,600, lot size is 19,200 sf; six bed- St., Tisbury
rooms and 4.5 baths; last sold for $621,000 in rooms and 3.5 baths; last sold for $837,500 in NOTES: Single-family, built 1910; house size is
Aug. 1994; Declaration of Homestead Nov. 2002; Declaration of Homestead 4,325 sf, lot size is 21,750 sf; seven bedrooms,
four baths and two half-baths; last sold for
BUYER: Daniel Lima Jr. and Sanja Percac-Lima BUYER: PRM LLC $1,900,000 in Dec. 1994
SELLER: Jonathan H. Herlihy SELLER: Barbara M. Mix, trustee of 18
PRICE/ADDRESS: $1,500,000; 34 Harvard Muzzey Street Realty TR MORTGAGE: $4,500,000 from Boston
St., Charlestown PRICE/ADDRESS: $1,140,000; 18 Muzzey Private Bank & Trust Co.
MORTGAGE: $1,125,000 from TD Bank NA St., Lexington ADDRESS: 40 Low Beach Rd., Lots 7, 23 and
NOTES: Two-family brick Row house; living NOTES: Two-story office building, constructed 34, Nantucket
space is 3,275 sf, lot size is 1,300 sf; last sold 1900; building size is 4,775 sf, lot size is BORROWER: George A. Cloutier
for $360,000 in April 1994 via foreclosure deed 12,250 sf; last sold for $635,000 in Dec. 1992 continued on page 12
12 THE REAL REPORTER August 5, 2010
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
continued from page 11 BUYER: Tara Ashe and Thomas Ashe MORTGAGE: $1,490,000 from JPMorgan
BUYER: John T. Hodgkins and Victoria G. Hodgkins SELLER: Anne S. Wilkerson and Bret R. Chase Bank
SELLER: Dolly H. Denyse and Mark W. Denyse Wilkerson ADDRESS: 220 Ridgeway Rd., Weston
PRICE/ADDRESS: $2,500,000; 120 Pembroke PRICE/ADDRESS: $1,150,000; 17 Richland BORROWER: Alan M. Gardner Jr. and Laryn I.
St., Boston Rd., Lot 84, Wellesley Gardner
MORTGAGE: $500,000 from Bank of MORTGAGE: $805,000 from ING Bank FSB
America NA NOTES: Single-family; house size is 2,625 sf, MORTGAGE: $1,400,000 from Sovereign
NOTES: Two-family brick Row house; living lot size is 10,150 sf; four bedrooms and 2.5 Bank
space is 4,500 sf, lot size is 1,500 sf; last sold baths; last sold for $950,000 in May 2005; ADDRESS: 100 Belvidere St., Boston
for $2,523,900 in Oct. 2007 Declaration of Homestead BORROWER: Raymond W. Braun and Theresa
P. Braun, trustees of Theresa P. Braun
MORTGAGE: $1,863,000 from JPMorgan MORTGAGE: $1,095,000 from Leader Bank Revocable TR
Chase Bank ADDRESS: 26 Cerulean Way, Weston
ADDRESS: 328 Clapboardtree St., Westwood BORROWER: Wayne L. Stoner MORTGAGE: $1,360,000* from Chicopee
BORROWER: David D. Ayles and Honoria C. Savings Bank
Ayles J U LY 2 7 T H ADDRESS: 21 Stonegate Cir., Wilbraham
BORROWER: Amy L. Pollard and James H.
MORTGAGE: $1,400,000 from BNY Mellon BUYER: Sarasina Sulijoadikusumo and Michael Pollard
ADDRESS: 40 Rochester Rd., Newton Tuchen NOTES: *Commercial mortgage for residential
BORROWER: Alfred W. Sandrock Jr. SELLER: Carlton Cabot property
PRICE/ADDRESS: $3,750,000; 126
BUYER: Kim L. Whittemore and William E. Woodland Rd., Lot 2A, Brookline MORTGAGE: $1,150,000 from Wellesley
Whittemore MORTGAGE: $1,500,000 from First Bank
SELLER: Lot 7 Real Estate LLC Excelsior Corp. ADDRESS: 38 Halsey Ave., Lot 85, Wellesley
PRICE/ADDRESS: $1,395,000; 2 Stratford NOTES: Single-family Colonial, built 2004; BORROWER: Wellesley Building Associates
Ter., Lot 7, Cohasset house size is 8,475 sf, lot size is one acre; six LLC
NOTES: Single-story Dutch Gambrel, built bedrooms, six baths and two half-baths; last
2007; house size is 4,775 sf, lot size is 41,000 sold for $5,500,000 in June 2006; Declaration MORTGAGE: $1,077,622 from Bank of
sf; four bedrooms and 3.5 baths; property last of Homestead America NA
sold for $575,000 in July 2007 ADDRESS: 32 Pine St., Lot 41, Wellesley
MORTGAGE: $2,700,000 from BORROWER: Christian H. Brennan and Dana
MORTGAGE: $1,200,000 from Brookline Bank Commonwealth Cooperative Bank D. Brennan
ADDRESS: 250 Boylston St., Unit-3B, Boston ADDRESS: 9 Claridge Rd., Weston
BORROWER: C. Susan Shief BORROWER: John D. Meola Jr. BUYER: Fan Lu and Mark X. Yang
SELLER: Ronald P. Compagnone
BUYER: Richard Briansky and Sharon Briansky BUYER: Harris G. Komishane and Lauren O. PRICE/ADDRESS: $1,067,000; 107 Manor
SELLER: Andrew Pearce and Sayuri Pearce Komishane Ave., Wellesley
PRICE/ADDRESS: $1,195,000; 24 Kodaya SELLER: Rollin H. Teare and Keybank NA, co- MORTGAGE: $850,000 from Needham
Rd., Newton trustees of the Suzanne E. Teare TR Bank
MORTGAGE: $523,750 from Cambridge PRICE/ADDRESS: $2,250,000; 5 Eaglehead NOTES: Single-family Colonial, built 2009;
Mortgage Group Rd., Manchester-by-the-Sea house size is 3,650 sf, lot size is 22,450 sf;
NOTES: Single-family Tudor, built 1935; house MORTGAGE: $500,000 from Prospect four bedrooms, four baths and two half-baths;
size is 4,075 sf, lot size is 11,175 sf; five bed- Mortgage last sold for $1,197,616 in June 2009
rooms and 3.5 baths; last sold for $610,000 in NOTES: Single-family, built 2004; house size is
Aug. 1999; Declaration of Homestead 2,500 sf, lot size is 23,475 sf; four bedrooms and BUYER: Cynthia Margolis
four baths; buyers sold 87 Pine St. in Manchester- SELLER: Irwin J. Rosenthal and Mary Sue
BUYER: Giles F. Whalen and Lynn B. Whalen by-the-Sea on July 15th for $775,000 Rosenthal, trustees of 48 Wachusett Road
SELLER: Anthony D. Prigmore and Julie A. Realty TR
Prigmore BUYER: Edmund Chang and Susan Sylligardos PRICE/ADDRESS: $1,042,600; 48 Wachusett
PRICE/ADDRESS: $1,160,000; 21 Winwood SELLER: Thomas J. Lynch and Laura M. Pappano Rd., Newton
Rd., Sutton PRICE/ADDRESS: $1,605,000; 131 Prince St., NOTES: Single-family Colonial, built 1907;
MORTGAGE: $417,000 from Bank of Newton house size is 2,750 sf, lot size is 11,400 sf;
Canton NOTES: Single-family Victorian, built 1895; four bedrooms and 2.5 baths; seller’s family
NOTES: Single-family; house size is 5,100 sf, house size is 3,575 sf, lot size is 10,075 sf; six ownership dates to July 1965; Declaration of
lot size is 3.4 acres; five bedrooms and 3.5 bedrooms and 3.5 baths; last sold for Homestead
baths; last sold for $631,500 in July 1996; $440,000 in June 1993; Declaration of
Declaration of Homestead Homestead
Massachusetts Corporations
Organized July 27 - Aug. 2, 2010
Corporation Directors/Registered Agents Address Nature of Business
Trinity One Canal LLC James G. Keefe, president 40 Court St., Ste. 800, Boston MA 02108 Real estate and interests therein
1561 Cold Spring Road Kevin P. Breslin and A. Alberto Lugo Esq., managers Principal office c/o DES Senior Care Holdings LLC @ Obtain real property
Operating Company LLC 173 Bridge Plaza North, Fort Lee, NJ 07024
Casentini Inc. Stephen Casentini, president, treasurer and secretary 11 Waverly Ave., Newton MA 02458 Architecture
492 Mass Ave LLC Sanjeev Kakar, manager; Meredith C. Desharnais Esq., Kakar @ 15 1st St. SE, #1505, Rochester MN 55904; Desharnais
resident agent c/o Curran & Desharnais PC @ 11 Front St., Weymouth MA 02188 Acquire, hold, lease, mortgage & sell RE
The Theodore Leonard House LLC Corinne A. Fitzgerald, manager 116 Federal St., Greenfield MA 01301 Buying, leasing, owning, managing & selling RE
Sentry II Realty LLC Joseph Crespi and Richard Crespi, managers Joseph @ 5 Bay Meadow Rd., Berkeley MA 02779; Deal with real estate
Richard @ 41 Taunton Green, Taunton MA 02780
Mayflower Advisors -- West LLC Steven Dimitriou, manager 100 Franklin St., 7th floor, Boston MA 02110 Acquire, administer, develop, finance, lease
and sell real property
78 East Plain Street LLC Devens H. Hamlen, manager C/o Hamlen & Co. @ 54 Canal St., Boston MA 02114 Leasing, managing and owning real estate
Beacon Dental Realty LLC Tao Shen and Lihua Zhang, managers 1842 Beacon St., Brookline MA 02445 Interests in real estate
Bayberry Realty LLC Cami L. Calkins and Patrick W. Calkins, managers Cami@ 16 Winthrop St., Provincetown MA 02657; Lease, manage and own real estate
Patrick @ 404 Picasso Dr., Nokomis FL 34275
Niles Pond Conservancy LLC Robert Ackerman and Robert Elwell, managers Ackerman @ 27 Edgemoor Rd., Gloucester MA 01930; Conservancy of Niles Pond in Gloucester
Elwell @ 24 St. Louis Ave., Gloucester MA 01930
Hillhead Advisors LLC Tony Campbell, manager; Ronald N. Braunstein, resident agent C/o Riemre & Braunstein LLC @ 3 Center Plaza, Boston MA 02108 Business consulting, including real estate
Borange Excursions LLC David R. Blouin, manager C/o Blouin & Co. @ University Office Park @ 51 Sawyer Rd., Deal in real property
#310, Waltham MA 02453
AC Dartmouth Holdings Inc. Timothy Edward Cloe, president, treasurer and secretary 580 Old River Rd., Dartmouth MA 02747 Management company
WibGe LLC Michael G. Heffernan, manager 14 Robin Rd., Norfolk MA 02056 Comm. real prop. investment & management
Bay State Building Systems Inc. John H. Gauthier Jr., manager 55 Hemlock St. Braintree MA 02184 General contracting
Lincoln Court LLC John T. Haffey and L. Richard Leclair III, managers Haffey @ 58 Park St., Framingham MA 01702; Leclair @ Real estate contractors and developers
707 Main St., Waltham MA 02451
Oakland Heights LLC David Lamattina, managers 35 Pleasant St., Wakefield MA 01880 Deal in RE at 38-42 Oakland Ave., Methuen MA
Integrated Facilities Group Inc. Rick Magliozzi, president, treasurer and secretary; Magliozzi @ 92 High St., Ste. 23, Medford MA 02155; Curran @ Construction and renovations to technical
John M. Curran, registered agent 1 Washington Mall, Boston MA 02108 facilities
Causeway Properties LLC Joseph E. Locke, manager Principal office @ 18 Broadway Cir., Lynn MA 01904; Interests in real estate
Locke @ 121 Piedmont St., Lynn MA 01904
Sundune Property LLC Patricia M. Dolyak, Judith M. Morris and 55 Irving St., Somerville MA 02144 Real estate
Michael Z. Reed, managers
East Ridge LLC William F. Hurley, manager; Karen A. Underhill Esq., Hurley @ 11 Victoria Dr., Hampton Falls NH 03844; Underhill @ Real estate investment
resident agent 3 Main St., Unit-29, Main Street Mercantile, North Easton MA 02651
JMALP LLC Glen Cammarano, Neal Cammarano and 557 Highland Ave., Needham Heights MA 02194 Own commercial real estate
Dale Sinesi, managers
Maric 37 LLC Mark H. Rubin, manager; Ira Deitsch, resident agent Rubin @ 197 First Ave., Ste. 300, Needham MA 02494; Deal with real estate
Deitsch @ 800 Boylston St., Boston MA 02199
Ayerz Investment LLC Shaffina Dhume and Shirish Dhume, managers 45 Philson Ct., Cheshire CT 06410 Real estate
2711 Allen Road LLC David Edelman, manager 816 Commonwealth Ave., Newton MA 02469 Deal in real property
M.T. Realty Development Corp. Michael Touchette, president, treasurer and secretary 7 Ramsdell Way, Lynnfield MA 01940 Construction and real estate
Offmic Y.K. Miiko Ono, Satoko Ono and Yoshihiro Ono, directors 5-1-1-2004 Nyoidani, Minoo City, Osaka Japan FF; Satoko Ono @ 21 Beacon St., Unit-7B, Boston Real estate investing
442 Lincoln Avenue LLC Brian M. D'Amico, manager 98 High St., Danvers MA 01923 Real estate
CSP Equity Partners 80 LLC Gene T. Barton Jr., Peter Malone & Brad M. Meslin, managers 125 High St., Boston MA 02110 Investments, including real estate
CSP Equity Partners 79 LLC Gene T. Barton Jr., Peter Malone & Brad M. Meslin, managers 125 High St., Boston MA 02110 Investments, including real estate
CSP Equity Partners 78 LLC Gene T. Barton Jr., Peter Malone & Brad M. Meslin, managers 125 High St., Boston MA 02110 Investments, including real estate
Kearney Hewett LLC Therman O. Hewett, Josphine A. Kearney and Principal office @ 38 Andrew Dr., Pembroke MA 02359 Dealing with interests in real estate
Kenneth P. Kearney, managers
Red Mortgage Capital LLC Michael E. Cousins, manager Principal office @ 2 Miranova Pl., 12th floor, Columbus OH 43215; Commercial real estate activities
Counsins @ 1717 Main St., Ste. 900, Dallas TX 75201
Ninigret Capital LLC Jason Krantz and Scott A. Stokes, signatories Principal office @ 176 Federal St., Boston MA 02110 Investments, including real estate
Mall at Auburn LLC James M. Barkley, signatory C/o Mayflower Realty @ 225 W. Washington St., PO Box 7033, Real estate
Indianapolis IN 46207
continued on page 15
August 5, 2010 THE REAL REPORTER 15
Massachusetts Corporations
Organized July 27 - Aug. 2, 2010
Corporation Directors/Registered Agents Address Nature of Business
East Coast General Services LLC Christopher D. Kane, mgr; Thomas N. Wilson, resident agent Kane @ PO Box 483, Holyoke MA 01041; Wilson @ Construction
98 Lower Westfield Rd., Holyoke MA 01040
Alvarado Street Properties LLC Lawrence B. Wood, manager 29 Dias Dorados, Orinda CA 94563 Commercial real estate
162 Plainville So. Street LLC Delbert A. Brown and Maxine C. Brown, managers 47 Brook St., North Attleborough MA 02760 Acquire, develop, lease, mortgage and
sell real property
Samuels & Associates Hingham Thomas Bloch, Roger Daprato, Steven B. Samuels and 333 Newbury St., Boston MA 02115 Deal with real estate
Intermediate LLC Joel Sklar, managers
Sequoia Golf CRG Management LLC Kipp D. Orme and Mitch Phillips, managers C/o Sequoia Golf Management LLC @ 924 Shaw Rd., Sharpaburg GA Golf club owner and operator
Joshua Jade LLC Joshua Jade and Sheena Lawrence, managers Jade @ 56 Conant St., Lincoln MA 01773; Lawrence @ Construction services
2250 Hickory Rd., Ste. 450, Plymouth Meeting PA 19462
Wharf District Council Inc. Justin Wyner, president; Christopher Fincham, treasurer; Wyner @ 20 Rowes Wharf, Boston MA 02110 Non-profit promoting social welfare
Samuel Mintz, clerk improvements and issues of planning and
development in Boston's Wharf District
New Boston Ventures -- Northampton LLC David L. Goldman and Dennis R. Kanin, managers; Principal office @ 540 Tremont St., Boston MA 02116; Levin c/o
Richard S. Levin Esq., resident agent Cumsky & Levin LLP @ 6 University Rd., Cambridge MA 02138 Commercial and residential real estate
Mugar Fenway LLC David T. Ting, manager C/o Mugar Enterprises @ 222 Berkeley St., Boston MA 02116 Deal with real estate
Pandb LLC Bhavana Upadhyaya and Paresh Upadhyaya, managers; Principal office @ 235 West 56th St., #18B, NYC 10019; Rubenstein c/o Real estate
Joseph T. Rubenstein Esq., resident agent Marsh, Moriarty, Ontell & Golder PC @ 18 Tremont St., Ste. 900, Boston MA
Project 189 LLC Thomas M. O'Connor and Charles F. Walsh Jr., managers; Principal office @ 189 Reservoir St., Needham MA 02494; Hold and manage real estate
Joseph M. Klements, resident agent Klements @ 3 Cabot Pl., Stoughton MA 02072
Normandy Advisors LLC Bruce MacRae and Edward Patton, managers; Principal office @ 175 Bear Hill Rd., Waltham MA 02451;
Charles A. Wry Jr., resident agent Wry @ 1601 Trapelo Rd., Ste. 205, Waltham MA 02451 Investments, including real estate
GUTS Realty LLC Richard H. Turner, manager 30 Crescent Ave., Beverly MA 01915 Real estate
Lynn Currier LLC Lynn A. Currier, manager 108 High St., Randolph MA 02368 Real estate development, investment
and ownership
68 Hamilton LLC Steven G. Direda, manager; Joseph R. Jenkins, resident agent Direda @ 100 South Quinsigamond Ave., Shrewsbury MA 01545; Dealing with interests in real estate
Jenkins @ 116 Flanders Rd., Ste. 1100, Westborough MA 01581
SRG Engineering Inc. Steven K. Grant, president; Leni C. Grant, treasurer 52 Blueberry Ln., Gray ME 04039 Structural engineering
8 Rice Rd. LLC Gregory Adams, manager 3 Florida Ct., #3, Maynard MA 01754 Real estate
Claflin Street LLC Deborah Klock, manager 51 Summer St., Rowley MA 01969 Deal with real estate
Rockhill Sandwich LLC Steven J. Agostinelli, manager; Philip Michael Boudreau, Agostinelli @ 1720 J&C Blvd., Ste. 6, Naples FL 34109; Real estate development and investment
resident agent Boudreau @ 396 North St., Hyannis MA 02601
Shafer Green Construction and Joseph R. Shafer, manager 55 Sewall Ave., #5, Brookline MA 02446 Real estate consulting and building
Consulting LLC
Cullen Custom Homes LLC James G. Cullen and Eugene Vitale, managers Cullen @ 26 Dover Dr., Walpole MA 02081; Real estate construction
Vitale @ 9 Zions Pl., Plymouth MA 02360
Kovalski Properties LLC Avi Kovalski and Liri Kovalski, managers 1079 Commonwealth Ave., #207, Boston MA 02115 Real estate
Eagle-Eye Properties LLC Cynthia A. Lafave and David A. Lafave, managers 110 Dracut St., Methuen MA 01844 Real estate
A Greener Box Boston LLC Neill Barger and Matthew Hyde, managers 171 Franklin St., Arlington MA 02474 Buy, develop, lease, own & sell real property
SG Seafood Holdings Inc. Kimberly Gorton, president; Michael C. Gorton, treasurer; 225 Southampton St., Boston MA 02210 Fishing industry and securing real estate to
Nataniel M. Gorton, secretary support that business
SG Realty Massachusetts LLC Kimberly Gorton, president; Michael C. Gorton, treasurer; 225 Southampton St., Boston MA 02210 Deal with real property
Nataniel M. Gorton, secretary
CJ Condo LLC Mark Moskowitz, manager 50 W. 17th St., NYC 10011 Condominium ownership
Beckman Design LLC Dawn Beckman, manager 23A Warren Ave., Boston MA 02116 Design services and real estate acquisition,
leasing and sales
Vickery Investments LLC D. Jason Vickery, manager; William Gosz Esq., resident agent Vickery @ 255 Western Promenade, Portland ME 04102; Acquire, develop, lease, maintain and sell
Gosz @ 130 Bishop Allen Dr., 2nd floor, Cambridge MA 02139 real estate
30-32 Hamilton Street LLC Gregory T. Antonelli, manager 140 Tremont St., Everett MA 02149 Dealing with interests in real estate
Lafayette Park Investment LLC Rick Costa and Jamie Russo, managers Principal office c/o New Boston Capital Corp. @ Deal with real estate
111 Everett Ave., 2nd floor, Chelsea MA 02150
KECC LLC Jane Crowley, manager 155 Cliff Rd., Wellesley MA 02181 Dealing with interests in real estate
Brickmarden LLC David Brickman and Peter Marden, managers Principal office @ 3222 Taylor Pond Ln., Bedford MA 01730 Real estate development, investment and
ownership
96Glendale LLC Edward J. Thomas, manager 209 West Central St., Ste. 208, Natick MA 01760 Real estate acquisition and development
16 THE REAL REPORTER August 5, 2010
Industrial on Edge
continued from page 1
but rental rates have dropped so much
they make new construction unlikely,
especially given the lack of demand for
space.
The season to date has yielded some
notable transactions — Horizon Logistics
took 106,000 sf at 90 Salem St. in Billerica
and a major 165,000-sf flex/industrial
lease at 300 RiverPark in North Reading
spiced up the normally sluggish summer
months. Even so, Spencer warns funda-
mental shortcomings offset the occasional
commitment, especially when many deals
represent lateral outcomes on industrial
fundamentals.
The 300 RiverPark pact involving Kiva
Systems represents a substantial increase 90 Salem Rd., Billerica MA
over its previous occupancy at 225
Wildwood Ave. in Woburn, as detailed in which Acme Packet has taken 150,000 sf for Greater Boston at 22.9 percent. The
previous Real Reporter articles that first at 100 Crosby Dr. in Bedford, 25,000 sf asking rent is at $6.83 per sf for the sector
unveiled Kiva’s intentions to shift opera- more than it originally planned. Demand overall, relays LPC, which did reveal a
tions to the Interstate 93 North complex remains thin overall, however, Spencer schizophrenic start to 2010. Interstate 495
owned jointly by DivcoWest and Taurus says, and a vacancy rate bumping up to 16 North recorded positive net absorption of
Investments. percent in G&E’s research is pause for 798,000 sf whereas those in the Interstate
As part of the eight- concern. “That’s not a good number for 495 Central regions were in the red by
year agreement, Kiva landlords,” he says, a notion shared by more than 750,000 sf.
could eventually fill all Ned Halloran of Lincoln Property Group. On the positive side, Halloran and
200,000 sf at 300 Feeble signs of progress such as a gain of Spencer say they are encouraged that the
RiverPark, according to 57,000 sf in net absorption in the LPC worst of the financial storm has passed.
sources. “It’s a very mid-year survey and a slight increase in “We believe by the end of 2010 the indus-
good deal for the indus- asking rental rates were blunted by the trial market will continue to stabilize,
try,” concurs Spencer, slumping economy, Halloran indicates in which will begin restoring balance in the
Ned Halloran who declined to discuss an LPC report that concludes “tenants will market,” relays Halloran. “I’m not seeing
specifics of the negotiations that had G&E continue to be able to leverage the market things getting worse,” says Spencer. “We
representing Kiva and Richards Barry to achieve favorable lease terms.” are just bumping along the bottom, and
Joyce & Partners as exclusive agents for The LPC industrial survey is even more the real question is, how long do we do
the landlord. dire than G&E’s, putting the vacancy rate that before we see it get better?” n
Horizon Logistics was the final piece in
the puzzle for 90 Salem St., owned by ING made buyers even more comfortable about
Clarion. Having purchased the complex in ARA Team long-range fundamentals. That is good
2008, the firm has since filled all 600,000 continued from page 2 news for a sector that has seen institution-
sf in the complex that served for many Canterbury Commons is an older vintage al players such as AIMCO and Equity
years as a central facility for Purity than the Salem property, but Scott says Residential retreat from tertiary markets
Supreme. But while a positive result for the Raymond asset benefits from a bucolic in the past two years to focus on the urban
that property, Horizon’s shift will be leav- surrounding and lack of competing multi- landscape. In fact, Scott says Canterbury
ing behind another block of space behind family buildings. “It was a good price,” he Commons is the first New Hampshire
in Woburn. “It doesn’t do much for the says of the outcome. apartment community sale in three years.
vacancy rate,” accedes Spencer. Based in Burlington, MA, ARA’s region- But the climate has begun to turn,
A member of the G&E team that repre- al team is witnessing a renewed appetite Scott says. Historically low interest rates
sented Horizon in its lease, Spencer terms among investors for New Hampshire mul- are making the purchase of commercial
the first half of 2010 “lackluster” for tifamily product, according to Scott, who real estate feasible for some investors, he
industrial real estate. Quality properties has been active in that submarket for 20 says. For whatever reason, Carlton Oaks
and experienced landlords such as ING years. The state has fared better than has seen a substantial line of private capi-
Clarion can overcome the malaise, he most regions economically, he explains, tal queuing up for the chance to emerge as
says, evidenced by another Q2 lease in while limited supply of new inventory has winning bidder, Scott says. n
18 THE REAL REPORTER August 5, 2010
HOUSE AD
Newbury Rising
BOSTON—Back on his home turf, where Charles M. Talanian
has been doing business for 40 years, there is a renewed sense of
hope that fellow Newbury Street and Back Bay landlords who
absorbed a body blow from the global recession can finally look
forward to improving conditions. Heretofore reluctant to join city
officials and others eagerly trumpeting such a rebound—and
even recently predicting a double-dip recession was on the hori-
zon—Talanian reports conditions have improved substantially in
recent weeks, and says he is negotiating multiple leases that
could erase most of his remaining vacancies in a portfolio of
approximately 30 properties on the street.
Featuring a world-class template of expertise,
“It’s a good sign,” he says of the surge. “People are being
The Real Reporter reader keeps a constant pulse
much more reasonable today.” One major lease was inked this
on its industry, thriving for accurate, insightful week, as Talanian lured consumer electronics retailer Bang &
information. Put your brand in front of this Olufsen from the first block of Newbury Street to one of four
influential group of professionals. spaces at the landlord’s flagship property, 137 Newbury St.,
which is between Clarendon and Dartmouth Streets. The tenant
will occupy 2,400 sf, filling the last available slot in the building.
“We’re pleased,” Talanian says of securing the key retailer to go
along with other top tenants on the ground floor, including over-
seas candy purveyor Hotel Chocolat. Things are looking so
promising that Talanian is even cancelling his concerns of the
economy backsliding into another recession. “I don’t think so,”
® he says. “I’m finally seeing better results.” n