The Real Reporter - Newire.org

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THIS WEEK’S ISSUE 

High Energy . . . . . . . . . . . . . . . . . . . 2 

Digital World . . . . . . . . . . . . . . . . . . . 3 

Double Play. . . . . . . . . . . . . . . . . . . . 6 

Picknelly University . . . . . . . . . . . . . 16 

Rockett Men . . . . . . . . . . . . . . . . . . 17 

THE REAL REPORT 

Garden Pruning 

Kingston Gardens, South Kingston RI 

SOUTH KINGSTON, RI — The prolific 

juggernaut that is Cushman & 

Wakefield’s multifamily sales team 

has wrapped up another transaction 

just in time for Memorial Day, as 

Kingston Gardens yields $9.83 million 

for HallKeen Management 

Inc., a Massachusetts-based real 

estate investor active in a variety of 

product types throughout New 

England. The nine-building, 132-unit 

Ocean State complex was constructed 

in two phases, the most recent 

occurring in 1987 when 42 apartments 

were added to the initial 90 

units that came on line in the 1967- 

1968 time frame. 

“We had a good amount of interest,” 

C&W Executive Director 

Simon J. Butler tells The Real 

The Real Reporter 

A COMPENDIUM OF COMMERCIAL PROPERTY & CAPITAL NEWS 

The REal Reporter corporate ID info 

contact: feedback@therealreporter.com 

www.therealreporter.com 

website: 

Tag line: The News Source for Commercial Real Estate 

Weekly Reporter 

continued on page 20 

BY JOE CLEMENTS 

QUINCY — It appears 

Synergy Investment & 

Development may be 

doubling down in North 

Quincy, with industry sources 

claiming the Boston firm has 

emerged as the winning suitor 

for HarborSouth, a prominent, 

205,000-sf office building 

owned by Griffith Properties. 

As the Real Reporter unveiled 

earlier this month, Synergy 

continued on page 18 HarborSouth, North Quincy MA 

600 Longwater Dr., Norwell MA 

BY MIKE HOBAN 

WALTHAM — The times they are a’ 

changin.’ 

And although commercial real 

estate was certainly the 

last thing on 1960’s icon 

(now septuagenarian) 

Bob Dylan’s mind when 

he penned that legendary 

song, it could 

easily have been the 

theme for this week’s 

NAIOP Massachusetts Martha O’Mara 

MAY 27, 2011 

Synergy Setting its Sights on 

205,000-SF No. Quincy Asset 

Jumbo Capital’s Buying Spree is On 


NORWELL — When it comes to commercial 

real estate, Jumbo Capital is gearing up 

the firm’s buying platform in a big way, 

founder Jay O. Hirsh tells the Real Reporter 

this week. 

“The timing couldn’t be better to be in the 

market,” the seasoned investor says in explaining 

a $7.9 million South Shore acquisition consummated 

last Friday is merely the tip of the 

acquisition iceberg for his Hingham-based 


NAIOP Event ID’s New Tenant Trends 

program held Wednesday morning at the 

Waltham Westin Hotel, an event entitled, 

“Corporate Trends and Bold Moves: 

Where are Tenants Going and Why?” 

Keynote speaker 

Martha O’Mara, PhD, cofounder 

of Corporate 

Marc Margulies 

Portfolio Analytics, 

entertainingly articulated 

to a room full of CRE 

professionals how sustainability, 

urban migra- 

continued on page 15

2 THE REAL REPORTER May 27, 2011 

Eastdil Sells Hub’s 121 High St. for $9.25M 


BOSTON — The mystery of just who is 

acquiring 121 High St. in the Hub’s 

Financial District has finally been 

uncovered, with a Brookline investor beating 

out multiple suitors to win a spirited 

competition in a transaction that closed 

Thursday afternoon. The Real Reporter 

relayed in its May 13th edition that owner 

BlackRock had committed to divest the 

five-story, 43,000-sf asset to a local buyer 

who at the time remained anonymous, 

with brokers at Eastdil Secured declining 

comment on the situation. 

Members of Eastdil’s Capital Markets 

Group still did not respond to follow-up 

inquiries on the sale, but public records 

identify Richard E. Glanz as the unnamed 

buyer and confirm the deal has indeed 

been finalized. The Lincoln resident owns 

Glanz Properties, headquartered in 

Brookline at 1018 Beacon St., a five-story, 

mixed use building held by the firm since 

1991. Glanz paid just over $9.2 million for 

121 High St., less than the $14 million 

BlackRock shelled out just prior to the 

region’s CRE 

investment 

sales crash in 

2008, but substantially 

above 

what market 

watchers had 

predicted the 

building would 

fetch when it 

went on the 

sales block several 

months 

earlier. One 

source estimates 

the capitalization 

rate 

on the trade to 

be somewhere 

121 High St., Boston MA 

in the 6 percent 

range. 

Efforts to contact Glanz as of press 

deadline were unsuccessful. The building 

was acquired through “High Pearl LLC.” 

As suggested in the original article, Glanz 

is a veteran investor active in the Greater 

Boston CRE sector, with retail said to be 

a specialty. The Eastdil Secured team 

overseeing the sale includes Brian 

Barnett, Peter Joseph, Sarah Lagosh, 

James McCaffrey and Christopher 

Phaneuf. 

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May 27, 2011 THE REAL REPORTER 3 

Digital Realty Inks New Wakefield Tenant 

WAKEFIELD — Unlike New England’s 

drippy weather, Digital Realty Trust’s 

Quannapowitt Parkway has been sizzling 

this spring and appears poised to continue 

hot into the summer months. The latest 

commitment is an 8,100-sf lease by 

Powers & Sullivan at 

Building 100, which will 

serve as the public 

accounting firm’s corporate 

headquarters. 

“Powers & Sullivan is 

the fifth company to 

lease space in less than 

Tamie Thompson a two-month period,” 

relays Jones Lang 

LaSalle Managing 

Greg Zais 

Director Tamie 

Thompson, whose firm 

is exclusive leasing 

agent for 100 and 200 

Quannapowitt Parkway. 

The surge totals in 

excess of 185,000 sf to 

Quannapowitt Parkway, Wakefield MA 

date in 2011, and Thompson reports brisk 

interest for the remaining 53,000 sf available 

at Building 100, a four-story structure 

centered amidst the 387,000-sf park’s 

richly landscaped setting. Constructed in 

1999, the 168,000-sf Building 100 features 

a glass-and-precast Efis façade, wellappointed 

finishes and a sweeping atrium 

lobby with common seating area. A block 

of what Thompson terms “world-class 

data center space” is available at Building 

200. DRT has launched an extensive capital 

improvements campaign there to 

upgrade the lobby and other common 

areas while installing redundant power 

feeds and boosting fiber connectivity. 

Trading on the New York Stock 

Exchange under the symbol DLR, data center 

facilities are a specialty of the San 

Francisco-based REIT. Bill Clark of the 

Clark Co. negotiated terms for Powers & 

Sullivan in the Wakefield lease, whereas 

Thompson was joined on the landlord side 

by JLL VP Greg Zais and erstwhile colleague 

Daniel Cordeau, who this month departed to 

join Alexandria Real Estate Equities. n


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©2011 M&T Realty Capital. A division of 

246 Calef Highway, Barrington NH 

Kane Co.’s Billipp Brokers 

30,000-SF Industrial Trade 


BARRINGTON, NH — A case of right-sizing one’s real estate 

has paid off here in the $800,000 purchase of a vacant 

30,000-sf industrial building that will now house an expanding 

distribution business. Kane Co. broker Peter Billipp, who 

negotiated the transaction, explains seller Edmund Rene had 

outgrown 246 Calef Highway even after erecting several additions, 

ultimately moving his women’s shoe business to a 60,000- 

sf property in nearby Somersworth. 

“It’s a good story all around,” Billipp relays 

this week, with new owner Robert Casella 

seeking an efficient structure offering access 

to major highways including the nearby 

Spaulding Turnpike and Interstate 95. 

Casella’s purchase was backed by an 80-percent 

LTV mortgage from Federal Savings 

Bank. “The building fits their needs really 

well,” says Billipp, a veteran broker active in 

Peter Billipp 

southern New Hampshire who also counseled Rene in his company’s 

relocation to Somersworth. 

Others had considered 246 Calef Highway since Kane Co. 

took on the exclusive listing, according to Billipp. The singlestory 

property on a three-acre parcel at the juncture of Routes 

9 and 125 has 2,500 sf of office space plus clear heights to 20 

feet and three loading docks in the industrial portion. “It’s a 

good, generic building that can handle a lot of uses,” relays 

Billipp. For some prospects, the stumbling block was being too 

large, whereas the 15-year-old asset “fit perfectly” to accommodate 

the ultimate buyer’s purposes. 

To Billipp, one of the most encouraging elements is that both 

parties were motivated by success in their operations. “That’s 

nice to see,” he says, especially since the national recession had 

slowed the regional economy significantly since 2008. 

Portsmouth-based Kane Co. has managed to complete its share 

of deals during that stretch, including Billipp’s brokering of a 

52,000-sf industrial asset in nearby Raymond, but he says the 

pace of leasing and sales has improved during the opening half 

of 2011. “We’re hopeful,” he says of activity returning to normal 

as the year progresses. 

n


52 Everett St., Allston MA 

New Balance Chief Jim Davis 

Divesting 65,000-SF Building 

ALLSTON — A non-descript commercial property owned by 

New Balance Shoe Co. founder James Davis is being acquired 

by a group of local investors, an advisor for the buyers has confirmed. 

Steven E. Goodman of GFI Investments says 52 Everett St. 

is on track to trade later this summer, reportedly for an estimated 

$1.5 million. Being offered through CBRE/New England’s Private 

Client Group, the three-story, 65,000-sf structure is near the intersection 

of Everett and North Beacon Streets and 

New Balance’s former headquarters, an operation 

which has been relocated several blocks 

west on Guest Street in Brighton. 

“It is under agreement,” acknowledges 

Goodman, who is assisting the suitors along 

with another advisor, Demetrios Dasco. 

David Cavanagh 

David Corkery 

Gary Lemire 

Goodman declined to provide details on pricing 

or identify his clients, and explains that an 

ultimate use for the property is still being formulated. 

Calls to CBRE/NE’s Private Client 

Group were not returned by press deadline. 

The investment sales team handling the listing 

consists of CBRE/NE principals Patrick 

Cavanagh, David Corkery and Gary Lemire. 

Goodman and Dasco are experienced CRE 

players active across Massachusetts. 

Constructed in 1899 and renovated in 1993, 

52 Everett St. was acquired in 1994 for 

$880,000 by D.R.S. Nominee Trust. The asset 

is on the northern side of the Massachusetts 

Turnpike Extension and abuts a recently constructed 

retail plaza anchored by a Stop & 

Shop Supermarket. “We’re excited about it,” 

says Goodman of the pending purchase, noting 

city officials are launching a master planning 

process aiming to upgrade the surrounding district. 

CBRE/NE’s Private Client Group has already harvested one 

Allston property this year, a 47,000-sf warehouse at 60 Brainerd Rd. 

that fetched $3.25 million and is being converted to a residential use 

by the Mount Vernon Co. The Private Client Group is presently listing 

multiple properties throughout metropolitan Boston. n 

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Yours For A Day, A Week, A Month or A Career.


Attorney Joan F. Parsons 

Once Not Enough for NEWIRE Leader 


BOSTON — Real estate attorney Joan 

F. Parsons is an advocate of two-timing—in 

fact, the Riemer & 

Braunstein partner unabashedly wants 

her peers following suit. 

“The magic number is two,” Parsons 

concurs in a recent interview, although 

there is nothing untoward about her passion. 

In wrapping up a year-long tenure as 

president of New England Women in Real 

Estate this week, Parsons explains her 

mantra for members since taking the helm 

last June was a commitment to participate 

in at least two NEWIRE sponsored events 

per month, be it a breakfast program, 

committee, networking session or one of 

the varied events such as an educational 

seminar or community service day. Doing 

so, she explains, enables participants to 

receive true value for their membership 

REAL PROFILE 

dollar that will 

hopefully advance 

their careers or personal growth, both 

missions of the group that is kicking off its 

30th year helping advance the cause of 

women in the commercial real estate 

industry. 

“I recognize that we are all very busy 

these days and don’t have much spare 

time,” says Parsons, who determined the 

target could not be so ambitious as to 

make the commitment untenable. “I felt it 

needed to be something people can 

achieve.” She also encouraged members 

to monitor the goal with a “Check-in 

Challenge,” asking them to review their 

attendance this winter to see whether 

they had indeed been utilizing the group’s 

resources in a meaningful way. “It’s not a 

pop quiz, but it is important to revisit your 

goals and see if they are being realized . . 

. that you are getting what you pay for,” 

she relays. 

Doing so, says Parsons, ensures the 

vision of NEWIRE’s nine founding members 

is honored, with such programs only 

worthwhile if one takes advantage. And 

Parsons insists that those who embrace 

“ 

I recognize that we 

are all very busy these 

days and don’t have 

much spare time 

” 

JOAN F. PARSONS 

the group will come to benefit from the 

participation. Having been a member for 

the past 10 years, Parsons says she knows 

full well that NEWIRE helps in establishing 

valuable contacts who might lead to 

more business for oneself or their firm, 

especially in a thin economy such as that 

the CRE industry is only now emerging 

from following the recession that took 

hold in 2008. “You tend to do business 

with people you know and trust,” she says. 

“And it is important to maintain your contacts.” 

Member Claudia Piper seconds that 

notion, crediting NEWIRE for helping her 

keep in touch with colleagues including 

Parsons herself while employed by a firm 

who required using out-of-town counsel in 

Piper’s role as a lender working on regional 

real estate projects. “I call it long-term 

networking,” says Piper, who had previously 

done business with Parsons in the 

past. NEWIRE allowed both to stay on 

their respective radar screens, she says, 

and when Piper recently joined Webster 

Bank in its newly opened Boston office, 

those relationships were key to helping 

her know where those colleagues were 

when she again began pitching local business. 

Presently, for example, Parsons and 

Piper are involved in a Rhode Island 

mixed-use project. “She was one of the 

first people I got in touch with” upon joining 

Webster, says Piper. “It’s a great example 

of how valuable being involved in 

NEWIRE is for both of us.” 

Such an outcome is one reason Riemer 

& Braunstein principal Robert C. Buckley 

calls Parsons “a tremendous ambassador 

for our firm,” with the relationships culled 

from NEWIRE paying clear dividends for 

the Boston-based firm that is among New 

England’s top real estate practices. 

Buckley recalls attending a NEWIRE 

luncheon and being “blown away” by the 

level of talent on hand, and acknowledges 

that Parsons has made the most of her 

own involvement. But he also stresses 

that Parsons brings her own set of skills to 

the firm that has enabled her to become a 

major expert on real estate finance in her 

own right, delivering a constant stream of 

business to the firm. “Joan does things in 

a very pragmatic and creative way,” says 

Buckley. “She is bright and talented and 

continues to amaze me with her depth and 

understanding of the real estate industry . 

. . It is an honor to call her my partner.” 

Piper has seen those skills in action, 

making it easy to call on Parsons when her 

expertise is needed. A common trait mentioned 

by all spoken to is “energetic,” 

something that newly installed NEWIRE 

President Janet Pirrello says she hopes to 

tap into in the coming months, with the 

NEWIRE Steering Committee last month 

even creating a new position of Past 

President that will let Parsons utilize her 

experience serving as 2010-2011 NEWIRE 

captain in the group’s milestone season. It 

should be a busy year thanks to the 30th 

anniversary celebration, plus implementacontinued 

on page 19 

FEEDBACK TO: EDITOR@THEREALREPORTER.COM


MAY 20TH 

BUYER: 101 Summer Owner LLC, managed by 

Independencia 

SELLER: Summer Street Holdings Inc., managed 

by Synergy Investment & Development 

PRICE/ADDRESS: $11,500,000; 101 Summer 

St., Boston 

MORTGAGE: $7,500,000 from Digital 

Federal Credit Union 

NOTES: Five-story office/retail property, constructed 

1873; building size is 58,675 sf, lot 

size is 3,700 sf; last sold for $5,700,000 in 

May 2010 

MORTGAGE: $7,100,000 from First Boston 

Associates LLC and $8,350,000 from 

Brookline Bank 

ADDRESS: 100 and 150 Grossman Dr., Braintree 

BORROWER: Braintree Executive Park, managed 

by the Grossman Cos. 

Commercial Deals 

MILLION DOLLAR MORTGAGES/SALES MAY 16 - MAY 20, 2011 

BUYER: Pulte Homes of New England LLC 

SELLER: Reservoir Pond LLC, managed by 

Robert M. Buccheri 

PRICE/ADDRESS: $3,799,733.50; Rear 

Turnpike Street and 475 Turnpike Street, Lots 

5, 8 and 10, Canton 

NOTES: Land parcel; lot size is 4.1 acres; last 

sold for $2,200,000 in July 2008 

MORTGAGE: $3,000,000 from East Boston 

Savings Bank 

ADDRESS: 141 Chestnut St., Needham 

BORROWER: New Opportunity LLC, managed 

by Jeffrey E. Roche Sr. 

BUYER: Brilliant Novelty LLC, managed by 

John T. Preston 

SELLER: Fall River Realty Ltd., managed by 

Michael David Sydow Sr. 

PRICE/ADDRESS: $2,600,000; 421 Currant 

Road, Fall River 

MORTGAGE: $2,080,000 from Rockland 

Trust Co. 

NOTES: Industrial property, constructed 1989; 

building size is 79,300 sf, lot size is 10 acres; 

last sold for $3,500,000 in Oct. 2008 

BUYER: AB Holdings LLC, managed by Trisha 

Perez Kennealy 

SELLER: Dana Home of Lexington Inc. and 

Lexington Home for Aged People, managed by 

Patricia S. Nelson, president 

PRICE/ADDRESS: $1,500,000; 2027 

Massachusetts Ave., Lexington 

NOTES: Senior housing property, constructed 

1888; building size is 8,850 sf, lot size is 1.2 

acres; seller’s ownership dates to March 1916 

Five years after paying $1,200,000 to acquire 880 Broadway in Chelsea, Edivaldo Reis has divested the 

10-unit apartment building to Robert A. Onessimo for $1,075,000. Eagle Bank provided a $630,000 

mortgage to enable Onessimo’s RAO LLC to purchase the 38-year-old asset, a 7,200-sf property that sits 

on an 8,700-sf parcel close to Revere Beach Parkway. 

BUYER: 5Waltham LLC, managed by David G. 

Cannistraro, John C. Cannistraro Jr., Joseph C. 

Cannistraro and Michael P. Cannistraro 

SELLER: NJR Industries, f/k/a Bacon Industries 

PRICE/ADDRESS: $1,350,000; 5 Waltham 

St., Watertown 

MORTGAGE: $1,080,000 from Eastern Bank 

NOTES: Warehouse, constructed 1930; building 

size is 7,075 sf, lot size is 39,650 sf; seller’s 

ownership dates to Jan. 1985 

BUYER: RAO LLC, managed by Robert A. Onessimo 

SELLER: Edivaldo Reis 

PRICE/ADDRESS: $1,075,000; 880 

Broadway, Chelsea 

MORTGAGE: $630,000 from Eagle Bank 

NOTES: Multifamily property, constructed 1973; 

10 units; building size is 7,200 sf, lot size is 

8,700 sf; last sold for $1,200,000 in April 2006 

MAY 19TH 

BUYER: 503-509 Pleasant Street LLC, managed 

by Philip Privitera 

SELLER: Avon Street Apartments LP, managed 

by the Hamilton Co. 

PRICE/ADDRESS: $8,750,000; 130 Avon St., Malden 

MORTGAGE: $6,291,500 from Arbor 

Commercial Funding 

NOTES: Multifamily property, constructed 

1968; 66 units; building size is 60,725 sf, lot 

size is 1.1 acres 

MORTGAGE: $7,375,000 from Digital 

Federal Credit Union 

ADDRESS: 942 Hyde Park Ave., Boston 

BORROWER: JTJ Development, managed by 

James Devellis 

MORTGAGE: $4,200,000 from Danversbank 

ADDRESS: 152 Second Ave., Needham 

BORROWER: Ashtech Realty Corp., trustee of 

Ashland Technology TR 

MORTGAGE: $2,800,000 from Liberty Bank 

ADDRESS: 42-44 St. Botolph St., Boston 

BORROWER: St. Botolph Street Realty LP, 

managed by Roger E. Tackeff 

MORTGAGE: $2,512,500 from Danversbank 

ADDRESS: 9 Tech Cir., Natick 

BORROWER: Tech 9 RE LLC, managed by 

Kenneth Goldberg and Randy Goldberg 

MORTGAGE: $2,400,000 from First 

Franchise Capital Corp. 

ADDRESS: 265 and 298 Washington St., Weymouth 

BORROWER: D.E. Foods LLC, managed by 

David E. Evans and Mary Ann Evans 

MORTGAGE: $2,000,000 from RBS Citizens 

ADDRESS: 95 Behen St., Everett 

BORROWER: IMT Wharf LLC, managed by 

Philip J. Capolupo and Wayne P. Capolupo 

continued on page 8


continued from page 7 

BUYER: SP5 Wood Alta Stone Place LLC, managed 

by Wood Real Estate Investors LLC 

SELLER: Tasco Realty Co. et al* 

PRICE/ADDRESS: $6,139,166.63; 0 Pleasant 

St., 72 and 78 Stone Place and 99R and 101 

Washington St., Melrose 

NOTES: Eight-story mill property, constructed 

1883, near Oak Grove MBTA Station; *Multiple 

sellers as surviving members of Tasco Realty LP 

receiving different percentages of total sales 

price; recipients are: Mary F. Crisman, Arthur S. 

Crowe Jr., Thomas E. Ford, Gaetane M. Ford 

and Yonathan Halperin; buyers intend to develop 

212-unit residential complex 

MORTGAGE: $1,650,000 from 

Danversbank 

ADDRESS: 450 Boston Post Rd., Weston 

BORROWER: 450 BPR LLC, managed by 

Kenneth Goldberg and Randy Goldberg 



BUYER: Larry Post, trustee of 484 Commercial 

Street Realty TR 

SELLER: Nicholas M. Nikitas* 

PRICE/ADDRESS: $1,602,260; 484 

Commercial St., Boston 

NOTES: Five-story multifamily property, constructed 

1899, renovated 1975; five units; 

building size is 5,500 sf, lot size is 1,025 sf, 

last sold for $135,000 in June 1976; *property 

sold through bankruptcy court 

BUYER: J. Day Enterprises LLC, managed by 

John W. Day 

SELLER: One College LLC, managed by 

Ferdinand C. Martino, Gregory M. Ryan and 

Joseph S. Smalarz 

PRICE/ADDRESS: $1,250,000; 240 Maple 

St., Lot 2, Bellingham 

MORTGAGE: $850,000 from Sovereign Bank 


building size is 18,900 sf, lot size is 6.7 acres; 

property last sold for $525,000 in May 2003 

MORTGAGE: $1,080,000 from Needham Bank 

ADDRESS: 817 Highland Ave. and 471 

Hunnewell St., Needham 

BORROWER: Edgehill Construction Corp., 

managed by Charles B. Nardone Jr. 

MAY 18TH 

BUYER: L&B CIP 690 Cant St. LLC, managed 

by L&B Properties 

SELLER: CRP Holdings 690 Canton LLC, managed 

by Colony Realty Partners 

Fueled by a $2,080,000 mortgage from Rockland Trust Co., 421 Currant Rd. in Fall River has been purchased 

for $2,600,000 by Brilliant Novelty LLC, an entity managed by John T. Preston. The two-story 

flex/industrial structure was built in 1989 on a 10-acre parcel. The seller is Fall River Realty Ltd., managed 

by Michael David Sydow Sr., owner since paying $3,500,000 in Oct. 2008. 

PRICE/ADDRESS: $34,500,000; 690 Canton 

St., Westwood 

NOTES: Three-story office property, constructed 


acres; last sold for $32,900,000 in July 2006 

MORTGAGE: $6,000,000 from Northern 

Trust Co. 

ADDRESS: 10,18 and 24 Ocean Ave., Edgartown 

BORROWER: MV Ocean LLC, managed by 

Lucy Surchik and William Wrigley Jr. 


ADDRESS: 36 and 42 Haverhill St., Amesbury 

BORROWER: Boston North Properties LLC, 

managed by Wayne P. Capolupo 

MORTGAGE: $1,975,000 from Sovereign Bank 

ADDRESS: 386 Market St., Brighton 

BORROWER: John Cronin, David DeMarzo 

and Dennis Murphy, trustees of 386 Market 

Street Realty TR 

BUYER: 250 Hanover Street LLC, managed by 

Florindo Colella 

SELLER: Doreen Giordani, Marion Giordani, 

Mary Ann Giordani, Ralph J. Giordani and 

Regina Giordani 

PRICE/ADDRESS: $1,675,000; 248-252 

Hanover St., Boston 

MORTGAGE: $1,340,000 from Webster Bank 

NOTES: Two-story restaurant property, constructed 

1949, renovated 2007; building size is 

7,575 sf, lot size is 5,025 sf 

MORTGAGE: $1,300,000 from Needham Bank 

ADDRESS: 721 East Sixth St., Boston 

BORROWER: 721 East Sixth Street LLC, managed 

by Paul Adamson 

MORTGAGE: $1,000,000 from Barre Savings Bank 

ADDRESS: 83-87 and 249 Main St., Rutland 

BORROWER: Rutland Plaza Inc. and Rutland- 

Saveway Inc., managed by Clealand B. Blair Sr., 

president 

MAY 17TH 


Oppenheimer Multifamily Housing & 

Healthcare Finance Inc. 

ADDRESS: 30 Phelps Rd., Framingham 

BORROWER: Leonard S. Jolles, trustee of 

Sherwood Park Apartments TR 

MORTGAGE: $1,000,000 and $6,900,000 

from Rockland Trust Co. 

ADDRESS: 59 Coolidge Hill Rd., Watertown 

BORROWER: J. Dennis Morgan, trustee of 

Emerson Village Realty TR 


ADVERTISING INFO: ADS@THEREALREPORTER.COM


MAY 20TH 


Savings Bank 

ADDRESS: 1522 VFW Parkway, Boston 

BORROWER: VFW Parkway Condominium 

LLC, managed by Jeffrey E. Roche Sr. 

BUYER: Adriana Flores and Jorge R. Veliz 

SELLER: Province Development Partnership, 

managed by the Abbey Group 

PRICE/ADDRESS: $2,300,000; 45 Province 

St., U-2703, Boston 

MORTGAGE: $1,725,000 from Boston 

Private Bank & Trust Co. 

NOTES: Unit in new high-rise 45 Province 

condominium; unit size is 1,975 sf; two bedrooms 

and 2.5 baths 

Residential Deals 


BUYER: Deborah Hartman and Barry S. Oemar 

SELLER: Anthony C. Busa 

PRICE/ADDRESS: $1,760,000; 16 Tavern Ln., 

Lexington 

MORTGAGE: $1,408,000 from Wells Fargo Bank 

NOTES: Single-family Colonial, constructed 2010; 

house size is 5,350 sf,lot size is 19,100 sf;five 

bedrooms and 4.5 baths; property last sold for 

$640,000 in Feb. 2010; Declaration of Homestead 

BUYER: Joni Youngwirth and Stephen Youngwirth 

SELLER: Clarendon Street Associates LLC 

PRICE/ADDRESS: $1,700,000; 400 Stuart St., 

U-22D, Boston 

MORTGAGE: $1,190,000 from First Republic Bank 

NOTES: Unit in new high-rise condominium; unit 

size is 1,500 sf; two bedrooms and 2.5 baths 

BUYER: Kristen L. Whitaker and Mark A. Whitaker 

SELLER: James C. Fletcher and Carol F. Sweet, 

trustees of Fletcher Realty TR 

PRICE/ADDRESS: $1,635,000; 30 Woodcliff 

Rd., Wellesley 


Republic Bank 

NOTES: Single-family Colonial, constructed 

1940; house size is 3,475 sf, lot size is 27,825 

sf; five bedrooms and 3.5 baths; sellers’ family 

ownership dates to July 1964 

BUYER: Joellen L. Gavin and Steven D. Weinstein 

SELLER: Alice V. Melnikoff and Joseph H. Newberg 

PRICE/ADDRESS: $1,529,500; 16 Cedar Rd., 

Belmont 

MORTGAGE: $150,000 and $350,000 from 

Salem Five Cents Savings Bank 



sf; six bedrooms and 2.5 baths; last sold for 

$215,000 in June 1982 

Claire M. Fraser-Liggett is the new owner of 24 Cannonbury Ln. in Nantucket, paying $2,400,000 to 

Jennifer W. Talbott and Robert S. Talbott. Bank of America provided $1,000,000 in financing to the buyer. 

Fraser-Ligget’s acquisition of the half-acre parcel includes a 375-sf Guest Quarters cottage in addition to 

the centerpiece, a Custom-designed single-family built in 2001. The 3,425-sf residence has seven bedrooms 

and 5.5 baths.Twenty four Cannonbury Ln. last sold for $2,975,000 in Aug. 2007. 

BUYER: Allison Baker Cohen and Kimberly Lane 

Murphy,trustees of 257 Nahanton Street Realty TR 

SELLER: David A. Bamel 

PRICE/ADDRESS: $1,525,000; 257 Nahanton 

St., U-257, Newton 

NOTES: Townhouse unit in Ledgebrook 

Condominium; unit size is 2,900 sf; three bedrooms 

and 4.5 baths; last sold for $1,517,500 

in Jan. 2008 

BUYER: Vicki A. Desimone 

SELLER: Eileen R. Barrett 

PRICE/ADDRESS: $1,455,000; 7 Tall Tree Dr., 

Lot 2E, Beverly 

MORTGAGE: $1,000,000 from Merrill 

Lynch Credit Corp. 


2003; house size is 8,375 sf, lot size is 6.8 

acres; four bedrooms, four baths and two halfbaths; 

last sold for $1,725,000 in Dec. 2005 

BUYER: Matthew Murphy and Kristine Zizic 

SELLER: John J. Cullinane, trustee of 200 

Oakland Street Nominee TR 

PRICE/ADDRESS: $1,305,000; 200 Oakland 

St., Wellesley 


Lowell Cooperative Bank 


house size is 3,325 sf, lot size is 23,875 sf; four 

bedrooms and 3.5 baths; last sold for $2,200,000 

in Aug. 2007; Declaration of Homestead 

BUYER: Lois Choi-Kain and Michael Kain 

SELLER: 16 Blossom Street LLC, managed by 

William Eycleshymer 

PRICE/ADDRESS: $1,300,000; 16 Blossom 

St., Lot C3, Lexington 

MORTGAGE: $1,000,000 from Access 

National Mortgage Corp. 



sf; six bedrooms and three baths; property last 

sold for $482,500 in Oct. 2010 

BUYER: Colby J. Penzone and Maura C. Penzone 

SELLER: Iain C. Whitfield (sp) & Elizabeth M. Whitfield 

PRICE/ADDRESS: $1,277,000; 7 Oak Park 

Cir., Lexington 

MORTGAGE: $1,000,000 from MSA Mortgage 



sf; four bedrooms and 2.5 baths; last sold for 

$455,000 in Nov. 1991 

BUYER: David J. Newton and Lynn E. Wolfe 

SELLER: WREC Columbus Ave LLC, managed 

by Michael D.Fascitelli and Sandeep Mathrani 

PRICE/ADDRESS: $1,265,000; 301-319 

Columbus Ave., U-901, Boston 

MORTGAGE: $700,000 from UBS Bank 

NOTES: Unit in mid-rise Bryant Back Bay 

Condominium; unit size is 1,675 sf; two bedrooms 

and two baths; Declaration of Homestead 




BUYER: Kjartan J. Stefansson and Nancy J. 

Stefansson 

SELLER: Alexander R. Gentile 

PRICE/ADDRESS: $1,229,556; 15 Wheeler 

Rd., Lexington 

MORTGAGE: $709,000 from Patriot 

Community Bank 


house size is 3,200 sf,lot size is 30,925 sf;four 

bedrooms and 4.5 baths; property last sold for 

$450,000 in April 2003; Declaration of Homestead 



BUYER: John Chen and Allison A. Lee 

SELLER: Marpete Development LLC, Peter F. 

Lento and Mark D. Leskanic 

PRICE/ADDRESS: $1,167,300; 49 Edward 

Rd., Newton 

MORTGAGE: $933,840 from Central 

Cooperative Bank 



sf; four bedrooms and 4.5 baths; property last 

sold for $420,000 in Oct. 2010; Declaration of 

Homestead 

BUYER: Jackie D. Adams and Matthew S. Adams 

SELLER: Beverly J. Rose and Timothy J. Rose 

PRICE/ADDRESS: $1,140,000; 46 Northgate 


MORTGAGE: $216,250 and $523,750 from ABS 



sf; four bedrooms, two baths and two halfbaths; 

last sold for $1,337,500 in May 2004 

BUYER: Jason R. Dowling and Ruth J. Dowling 

SELLER: Frank J. Andrasco and Lauren R. Andrasco 

PRICE/ADDRESS: $1,120,000; 127 Grant St., 

Lot 4, Needham 

MORTGAGE: $820,000 from Sovereign 

Bank 



sf; four bedrooms and 3.5 baths last sold for 

$1,037,500 in Oct. 2006; Declaration of 

Homestead 

BUYER: Megan C. Doyle and Matthew R. Feinberg 

SELLER: Dawn B. Colsia, f/k/a Dawn B. Golub, 

trustee of Dawn B. Colsia Revocable Trust of 1990 

PRICE/ADDRESS: $1,119,000; 11 Chatham 

Rd., Newton 

MORTGAGE: $417,000 from Mortgage Master 



sf; four bedrooms and 3.5 baths; last sold for 

$670,000 in May 1997; Declaration of 

Homestead 

Cohasset’s historic Captain Peter Pratt home at 2 Black Horse Ln. has been sold by James M. Sandell and 

Nancy H. Sandell to Mary A. Greener and William E. Greener for $1,015,000. Dating to 1819, the 4,250- 

sf residence has five bedrooms and 3.5 baths. It last traded for $875,000 in Oct. 2004. First Republic 

Bank delivered a $200,000 mortgage to finance the purchase. 

BUYER: Harlan Carere 

SELLER: John A. Pound, Executor for the 

Estate of Robert V. Pound 

PRICE/ADDRESS: $1,100,000; 87 Pinehurst 

Rd., Belmont 

MORTGAGE: $1,100,000 from BNY Mellon 

NOTES: Single-family Ranch, constructed 

1951; house size is 2,800 sf, lot size is one 

acre; three bedrooms and 2.5 baths; seller’s 

family ownership dates to Aug. 1965 

BUYER: Alexander Kuritnik and Boris Kuritnik 

SELLER: Nicholas Davos and Peter V. Davos, 

trustees of Washburn Terrace Realty TR 

PRICE/ADDRESS: $1,100,000; 9 Washburn 

Ter., Brookline 

MORTGAGE: $980,000 from Patriot 

Community Bank 

NOTES: Three-family Three-Decker, constructed 

1880; building size is 4,400 sf, lot size is 2,525 

sf; last sold for $132,500 in Oct. 1991 

MORTGAGE: $1,100,000 from Live Oak Banking 

ADDRESS: 57 Farm St., Dover and Medfield 

BORROWER: Hawk Real Estate Corp., managed 

by Larry M. Hawk 

MORTGAGE: $1,050,000 from Century 

Bank & Trust Co. 

ADDRESS: 32 Lawrence Rd., Newton 

BORROWER: Lawrence Road LLC 

BUYER: Alptug Kantar and Eugene Rubinchuk 

SELLER: G&P Boston Properties LLC, managed 

by Gregory J. Grant 

PRICE/ADDRESS: $1,020,000; 93A Hillside 

St., Boston 

MORTGAGE: $700,000 from Berkshire 

Bank 

NOTES: Three-family Triple-Decker, constructed 

1905; building size is 4,375 sf, lot size is 2,050 

sf; last sold for $425,000 in Aug. 2009 

MORTGAGE: $1,009,690 from Reading Co- 

Operative Bank 

ADDRESS: 97 Columbia St., Cambridge 

BORROWER: Macro Investments Group I LLC, 

managed by Ara G. Barsoumian 

BUYER: Sanford D. Whitehouse and Virginia D. 

Whitehouse 

SELLER: Cheryl K. Feigenbaum and Peter B. 

Feigenbaum 

PRICE/ADDRESS: $1,005,000; 119 Radcliffe 

Rd., Lot 25, Weston 

MORTGAGE: $804,000 from Salem Five 

Mortgage Co. 

NOTES: Single-family, constructed 1960; 

house size is 2,200 sf, lot size is 1.3 acres; four 

bedrooms and three baths; last sold for 

$610,000 in June 1998 




MORTGAGE: $1,000,000 from RK 

Burlington Lending TR 

ADDRESS: 46 Wyman St., Woburn 

BORROWER: Robert F. Klein, trustee of Sanco 

Builders LLC 

MAY 19TH 

MORTGAGE: $2,800,000 from First Republic Bank 

ADDRESS: 2 Avery St. U26E, Boston 

BORROWER: John M. Iacoi, trustee of PACS 

Realty TR 



BUYER: Janice Hammond 

SELLER: Carolyn J. Eurodolian and John Eurodolian 

PRICE/ADDRESS: $2,675,000; 30 Audubon 

Ln., Lot 8, Belmont 




bedrooms and six baths; property last sold for 

$695,000 in Aug. 2006; Declaration of Homestead 



ADDRESS: 68 North Water St., Edgartown 

BORROWER: James F. Reynolds, trustee of 68 

North Water Street Nominee TR 

BUYER: Pinewood Developments & Associates 

Inc., managed by Matthew A. Hughes 

SELLER: Nehoiden Knoll Inc., managed by 

Frederick L. Sewall 

PRICE/ADDRESS: $1,310,000; 198 and 200 

Nehoiden St., Needham 

NOTES: Pair of single-family properties; 198 

Nehoiden St. constructed 1859; house size is 2,925 

sf, lot size is 25,700 sf; four bedrooms and two 

baths; last sold for $850,000 in Sept. 2005; 200 

Nehoiden St. constructed 1924; house size is 875 

sf, lot size is 15,250 sf; two bedrooms and one 

bath; property last sold for $300,000 in Sept. 2005 

MORTGAGE: $1,193,000 from Belmont 

Savings Bank 

ADDRESS: 99 Aspen Ave., Newton 

BORROWER: Leonard J. Gentile and Susan M. 

Gentile 

MORTGAGE: $1,000,000 from Village 

Mortgage Co. 

ADDRESS: 76 Millbrook Rd., Nantucket 

BORROWER: M. Flint Beal 

MAY 18TH 

BUYER: Nancy F. Christopher & William S. Christopher 

SELLER: LLD Realty LLC, managed by David H. 

Lombardi 

Backed by a $1,000,000 mortgage from Merrill Lynch Credit Corp., 7 Tall Tree Dr. in Beverly has been 

acquired by Vicki A. Desimone for $1,455,000 from Eileen R. Barrett. The eight-year-old Colonial has four 

bedrooms, four baths and two half-baths in its expansive 8,375-sf frame. Situated on a 6.8-acre parcel 

near Endicott College, 7 Tall Tree Dr. previously traded for $1,725,000 in Dec. 2005. 

PRICE/ADDRESS: $3,340,000; 10 Madaket 

Rd., Lot 6T, Nantucket 



sf; five bedrooms and 5.5 baths; property last 

sold for $600,000 in Sept. 2009 

BUYER: Wen Hui Zhu 

SELLER: Philip Leung, trustee of CVW Realty TR 

PRICE/ADDRESS: $1,780,000; 38 Karen Rd., 

Newton 


house size is 3,850 sf, lot size is 15,250 sf; six bedrooms 

and 5.5 baths; property last sold for 

$732,000 in March 2003; Declaration of Homestead 

BUYER: Swaminathan Kumaresan & Jessica Ann McIsaac 

SELLER: Thomas H. Wetherald 

PRICE/ADDRESS: $1,627,500; 450-452 

Shawmut Ave., Boston 

MORTGAGE: $1,302,000 from Boston 


NOTES: Single-family brick Rowhouse; house 

size is 1,350 sf, lot size is 1,250 sf; three bedrooms 

and 2.5 baths; last sold for $1,475,000 

in March 2007; Declaration of Homestead 

BUYER: Christopher B. Daly and Anne K. Fishel 

SELLER: Cynthia S. Craig, Kevin Craig, Heidi B. 

Stutz and Michael W. Stutz 

PRICE/ADDRESS: $1,600,000; 2 Noman’s 

Watch Rd., Aquinnah 


Sovereign Bank 

NOTES: Single-family; house size is 1,750 sf, lot 

size is 2.8 acres; four bedrooms and three baths; 

sellers ownership in property dates to Jan. 1974 

MORTGAGE: $1,493,334 from TD Bank 

ADDRESS: 154 Beacon St., U-5, Boston 

BORROWER: Albert A. Jacobs 

BUYER: George D. Williams and Mary V. Williams 

SELLER: Patricia W. Losa 

PRICE/ADDRESS: $1,281,005; 11 Pochick 

St., Lot 12, Nantucket 

NOTES: Single-family Antique property, constructed 

1885; house size is 925 sf, lot size is 

3,050 sf; seller’s ownership dates to March 1976 

MORTGAGE: $1,140,000 from Wellesley Bank 

ADDRESS: 37 Wall St., Wellesley 

BORROWER: Wall Street Partners LLC, managed 

by Benedict J. Chirco and David Zaltas 

BUYER: Elizabeth De Montigny & Philippe De Montigny 

SELLER: William Baricos and Linda Hyman 

PRICE/ADDRESS: $1,135,000; 82 Appleton 


MORTGAGE: $908,000 from First Republic Bank 

NOTES: Unit in low-rise condominium; unit 

size is 1,800 sf; three bedrooms and two 

baths; unit last sold for $1,040,000 in Sept. 

2009; Declaration of Homestead 




BUYER: James E. Angelis 

SELLER: David W. Clough Jr. 

PRICE/ADDRESS: $1,125,000; 7 Washington 

St., Manchester-by-the-Sea 

MORTGAGE: $859,000 from Merrill Lynch 

Credit Corp. 

NOTES: Single-family Victorian, constructed 

1840, renovated 2010; house size is 3,150 sf, 

lot size is 4,800 sf; four bedrooms and 4.5 

baths; last sold for $400,000 in Dec. 2009 

BUYER: Sakdhisapol Katanyutanon 

SELLER: SW Boston Hotel Venture LLC, managed 

by Sawyer Enterprises 

PRICE/ADDRESS: $1,125,000; 110 Stuart St., 

U-16A, Boston 

MORTGAGE: $800,000 from Boston 


NOTES: Unit in new high-rise condominium; 

unit size is 1,450 sf; two bedrooms and two 

baths 



MORTGAGE: $1,100,000 from Mortgage 

Network 

ADDRESS: 264 Westerly Rd., Lot 101, Weston 

BORROWER: Laura K. Goode and Richard W. 

Goode 

MORTGAGE: $1,000,000 from Needham 

Bank 

ADDRESS: 6 Walnut Rd., Lot 36, Weston 

BORROWER: Anna Maria Wagner 

BUYER: Jodi Hess and William Hess 

SELLER: Sandra Silver and Don C. Stark 

PRICE/ADDRESS: $1,075,000; 625 Tremont 


NOTES: Unit in brick Rowhouse; unit size is 

1,400 sf; one bedrooms and two baths; last 

sold for $419,000 in Sept. 1997 

MORTGAGE: $1,065,000 from TD Bank 

ADDRESS: 146 Hampshire Rd., Lot 312, 

Wellesley 

BORROWER: Amy L. Papavassiliou and 

Efstathios Papavassiliou 

BUYER: Mary A. Greener and William E. 

Greener 

SELLER: James M. Sandell and Nancy H. 

Sandell 

PRICE/ADDRESS: $1,015,000; 2 Black Horse 

Ln., Cohasset 

MORTGAGE: $200,000 from First Republic 

Bank 

A venerable Victorian at 352 Hammond St. in Newton has sold for $3,325,000 to Fan Du, who acquired 

the 6,575-sf single-family from Cara Shaller and Nelson R. Shaller. Du received a $960,000 mortgage 

from Needham Co-Operative Bank to secure the property. Built in 1885 on a 1.2-acre parcel, 352 

Hammond St. features six bedrooms, eight baths and two half-baths. The Shallers had held ownership 

since paying $1,600,000 for the property in Sept. 1997. 

NOTES: Single-family, constructed 1819; historic 

Captain Peter Pratt home; house size is 4,250 sf, 

lot size is 21,775 sf; five bedrooms and 3.5 

baths; last sold for $875,000 in Oct. 2004 

MAY 17TH 

MORTGAGE: $1,890,000 from East 

Cambridge Savings Bank 

ADDRESS: 21 Douglas Rd., Lexington 

BORROWER: Francis D. Pino 

BUYER: John J. McDermott and Victoria 

McManus 

SELLER: Geraldine P. Scheide and Richard G. 

Scheide 

PRICE/ADDRESS: $1,350,000; 11 Lily St., 

Nantucket 



bedrooms and two baths; last sold for 

$315,000 in Oct. 1986 

BUYER: Dawn S.Tringas and James M. Tringas 

SELLER: Stephen P. Crosby and Helen R. Strieder 

PRICE/ADDRESS: $1,115,000; 83 Penniman 

Pl., Lot 58, Brookline 

NOTES: Land parcel; lot size is 12,975 sf 

BUYER: Andrea Burger and Jeffrey Burger 

SELLER: Benjamin Lannon and Jane Lannon 

PRICE/ADDRESS: $1,150,000; 185 Hobart 

Rd., Newton 


Credit Corp. 

NOTES: Single-family Tudor, constructed 1920; 

house size is 2,275 sf, lot size is 11,500 sf; 

four bedrooms and 3.5 baths; last sold for 

$1,159,550 in Aug. 2007 

BUYER: Dedham Development LLC, managed 

by Thomas McDonagh 

SELLER: Dianne I. Weil and Thomas A. Weil 

PRICE/ADDRESS: $1,075,000; 14 Lanark 

Rd., Lot B, Wellesley 





MORTGAGE: $806,250 from Peoples 

Federal Savings Bank 



lot size is 16,700 sf; three bedrooms and 2.5 

baths; last sold for $33,500 in Dec. 1958 


Republic Bank 

ADDRESS: 34 Ahab Dr., Nantucket 

BORROWER: Paul J. Gaynor and Karen K. Ketterer 



MORTGAGE: $1,000,000 from Belmont 

Savings Bank 

ADDRESS: 18 Cox Rd., Winchester 

BORROWER: Maureen L. Corrado and 

Michael C. Corrado 

MAY 16TH 

BUYER: Fan Du 

SELLER: Cara Shaller and Nelson R. Shaller 

PRICE/ADDRESS: $3,325,000; 352 

Hammond St., Newton 

MORTGAGE: $960,000 from Needham Co- 

Operative Bank 


1885; house size is 6,575 sf, lot size is 1.2 

acres; six bedrooms, eight baths and two halfbaths; 

last sold for $1,600,000 in Sept. 1997 

BUYER: Xinbei Chen and Yufeng Tang 

SELLER: William P. Murphy and Jane K. Zises, 

trustees of 106 Old Orchard Road Realty TR 

PRICE/ADDRESS: $2,548,000; 106 Old 

Orchard Rd., Newton 





sf; five bedrooms and 5.5 baths; last sold for 

$975,000 in June 1991 

BUYER: Claire M. Fraser-Liggett 

SELLER: Jennifer W. Talbott and Robert S. Talbott 

PRICE/ADDRESS: $2,400,000; 24 

Cannonbury Ln., Nantucket 

MORTGAGE: $1,000,000 from Bank of America 

NOTES: Pair of properties, both constructed 

2001; first building a Custom-Designed singlefamily; 

house size is 3,425 sf, lot size is 20,900 

sf; seven bedrooms and 5.5 baths; second 

building a Guest Quarters; building size is 375 

sf; one bedroom and one bath; properties last 

sold for $2,975,000 in Aug. 2007 

BUYER: Di Kirwan and Scott A. Kirwan 

SELLER: Jordan H. Doran 

PRICE/ADDRESS: $2,325,000; 391 Beacon 


NOTES: Unit in low-rise condominium; unit 

size is 2,950 sf; four bedrooms and 2.5 baths; 

unit last sold for $1,975,000 in Feb. 2005; 

Declaration of Homestead 

BUYER: Andrew B. Perkins, trustee of Garfield 

Avenue Realty TR 

SELLER: Earle E. LaRoche Jr. 

PRICE/ADDRESS: $282,000; 11 Garfield 

Ave., Somerville 


Danversbank 

NOTES: Duplex, constructed 1910; building 

size is 3,500 sf, lot size is 3,725 sf; last sold 

for $300,000 in Aug. 2007 

BUYER: Alfred L. Goldberg and Joan H. 

Goldberg 

SELLER: Alden Tower LLC, c/o Chestnut Hill 

Realty 

PRICE/ADDRESS: $1,700,000; 20 Chapel St., 

U-APH4, Brookline 

NOTES: Unit in high-rise condominium; unit 

size is 950 sf; five bedrooms and 2.5 baths; 


BUYER: Mary Beth Walsh and Matthew Weiss 

SELLER: Stephanie L. Brown 

PRICE/ADDRESS: $1,660,000; 99 Revere St., 

Boston 


NOTES: Single-family brick Rowhouse, constructed 


lot size is 675 sf; three bedrooms and three 

baths; last sold for $1,380,000 in Oct. 1998 

BUYER: Patricia Johnson and Rhett Johnson 

SELLER: Lynn M. Margherio 

PRICE/ADDRESS: $1,510,000; 30 Elm St., 

Jamaica Plain 

MORTGAGE: $997,500 from ING Bank 

NOTES: Single-family Victorian, constructed 1870; 

house size is 5,325 sf,lot size is 7,775 sf;four 


in June 2006; Declaration of Homestead 

BUYER: Inna Shpektor and Yury Shpektor 

SELLER: C/S Kesseler LLC, managed by Paul E. 

Tryder 

PRICE/ADDRESS: $535,000; Lot 5, Kesseler 

Way, Newton 


NOTES: Land parcel; lot size is 25,600 sf 

BUYER: M&B Realty Development LLC, managed 

by Patricia A. Flatley 

SELLER: Dan Alexander, f/k/a Dan Dempsey 

and Mary Alexander, f/k/a Mary Dempsey 

PRICE/ADDRESS: $1,300,000; 74 Claybrook 

Rd., Lots 3 and 4, Dover 

NOTES: Single-family, constructed 1976; house size 

is 4,675 sf, lot size is 1.2 acres; four bedrooms and 

three baths; sellers’ ownership dates to Aug. 1971 


Photo: Derek Szabo 






BUYER: James A. Erdekian and Valerie P. Erdekian 

SELLER: Karen C. Schaffers and Wilhelmus J. 

Schaffers 

PRICE/ADDRESS: $1,295,000; 52 Woodridge 

Rd., Wayland 

MORTGAGE: $600,000 from William 

Raveis Mortgage 


house size is 4,650 sf,lot size is 1.6 acres;five 


in Aug. 2007; Declaration of Homestead 

BUYER: Kevin C. Soendker and Shuet M. Tang 

SELLER: Jonah Kogan 

PRICE/ADDRESS: $1,290,000; 72 Hillside St., 

Boston 

MORTGAGE: $967,500 from TD Bank 

NOTES: Three-family Triple-Decker, constructed 

1900; house size is 7,100 sf; lot size is 3,425 

sf; last sold for $795,000 in Sept. 2005 

BUYER: Erin M. Johnson and Keith A. Johnson 

SELLER: Michael T. Bailin and Patricia D. Bailin 

PRICE/ADDRESS: $1,195,000; 15 Wedgwood 




sf; five bedrooms and 2.5 baths; last sold for 

$450,000 in Aug. 1992; Declaration of 

Homestead 

BUYER: Beth A. Monaghan and Thomas P. 

Monaghan 

SELLER: Claudia Moeller and Ethan Moeller 

PRICE/ADDRESS: $1,150,000; 129 Parker 

St., Newton 


Credit Corp. 



sf; four bedrooms, two baths and two halfbaths; 

last sold for $799,000 in March 2003; 


The Real Reporter 

VOLUME 3, NUMBER 16 

© 2011 The Real Reporter, Ten Post Office 

Square, Boston MA 02109, 617-692-2997. 

All rights reserved. No part of this publication 

may be reproduced without the written 

consent of the publisher. The Real Reporter is 

a trademark of Launch Pad Boston. 

BUYER: Howard S. Markowitz and Sandra 

Markowitz 

SELLER: David Alex-Barton and Susan Alex- 

Barton 

PRICE/ADDRESS: $1,133,000; 19 Everett St., 

Concord 


Credit Corp. 



four bedrooms and 1.5 baths; last sold for 

$395,000 in Feb. 1997 

BUYER: James Bird and Kathleen Corriveau 

SELLER: Jennifer K. Snider and Jonathan E. Snider 

PRICE/ADDRESS: $1,115,000; 24 Albion St., 

Newton 

MORTGAGE: $540,000 from NE Moves 

Mortgage 


house size is 2,475 sf, lot size is 3,450 sf; six 

bedrooms, three bedrooms and two baths; last 

sold for $935,000 in Aug. 2002; Declaration of 

Homestead 


Niagara Bank 

ADDRESS: 17 Main St., Dover 

BORROWER: Dennis L. Jenkins and Sherlyn N. 

Jenkins 



MORTGAGE: $2,150,000 from People’s 

United Bank 

ADDRESS: 215 Grove St., Worcester 

BORROWER: Christopher D.Pallotta and 

Laura J. Pallotta, trustees of Pallotta Family 

Realty TR 

BUYER: Envelope Product Group LLC, managed 

by Robert G. Burton Sr., president Cenveo Corp. 

SELLER: Meadwestvaco Corp., managed by 

James A. Buzzard 

PRICE/ADDRESS: $1,300,000; 2001 

Roosevelt Ave., Springfield 

NOTES: Three-story office building, constructed 


acres; last sold for $2,669,287.57 in Oct. 1987 

BUYER: Corner Point LLC, managed by Dawne 

F. Vittiglio and Ferdinando J.Vittiglio 

SELLER: Eames & Main Streets Realty Corp., 

managed by Oscar L. LeBlanc, president 

PRICE/ADDRESS: $1,000,000; 892 Main St., 

MORTGAGE: $1,043,170 from Northern 

Trust Bank 

ADDRESS: 135 Polpis Rd., Nantucket 

BORROWER: Pamela Stedman Farkas 

MORTGAGE: $1,000,000 from Dedham 

Institution for Savings 

ADDRESS: 1 Hunt Dr., Dover 

BORROWER: Goodwin Properties LLC, managed 

by Judith E. Goodwin and Thomas P. 

Goodwin 

BUYER: Nancy S. Pelissier and Roger D. 

Pelissier 

SELLER: Barbara H. McMahon and William L. 

McMahon 

PRICE/ADDRESS: $1,000,000; 39 Amherst 

Rd., Lots 1-B and 2, Wellesley 

MORTGAGE: $800,000 from Wellesley 

Bank 

NOTES: Single-family Cape, constructed 1929; 


three bedrooms and 2.5 baths; last sold for 

$1,165,000 in Nov. 2004; Declaration of 

Homestead 

MORTGAGE: $1,000,000 from Middlesex 

Savings Bank 

ADDRESS: 42 Percy Rd., Lexington 

BORROWER: Austin C. Bliss 

Wilmington 

MORTGAGE: $800,000 from Northern 

Bank & Trust Co. 


building size is 10,350 sf, lot size is 38,175 sf; 

last sold for $300,000 in Feb. 1988 

MAY 16TH 

BUYER: Newport Avenue Holdings LLC, managed 

by Synergy Investment & Development 

SELLER: LVF Newport Avenue LLC, managed 

by ING Clarion 

PRICE/ADDRESS: $25,000,000; 200 Newport 

Ave., Quincy 

MORTGAGE: $13,000,000 from Principal 

Life Insurance Co. 

NOTES: Eight-story office building, constructed 


acres; last sold for $17,500,000 in Dec. 2006 


Savings Bank 

ADDRESS: 136 St. Botolph St., Boston 

BORROWER: ILBT LLC, managed by William J. 

Thibeault 



NAIOP Event 


tion, alternative workplaces 

and the so-called 

Millennial Generation are 

affecting real estate decisions 

in Greater Boston 

and beyond.“The main 

point for today was that 

the new generation is 

looking for very different 

things,” O’Mara later told 

the Real Reporter. 

“They’re very different 

from the Baby Boomer 

generation, and you need 

to think about that when 

you are designing the workplace.” 

One of the things that “Millennials” are 

especially concerned about is sustainability, 

said O’Mara, an area she maintains the 

real estate industry is beginning to recognize, 

albeit slowly. “Commercial real estate 

is really the laggard in sustainability,” said 

O’Mara, whose firm advises users of corporate 

real estate. “We looked at a large 

group of clients, and 80 percent of their 

portfolio is not even Energy Star rated.” 

Marc Margulies, founder of Bostonbased 

Margulies Peruzzi Architects, spoke 

to the creation and design process of the 

new workplace.“Who wants to sit in a 

cubicle with high walls?” he asked the 

audience rhetorically. A former facilities 

designer at Fidelity Investments, one of 

New England’s leading occupiers of space, 

Margulies stressed that the “how many 

offices and how many square feet” model 

is no longer relevant, because employee 

demographics, work styles and cultures 

need to be considered before designing 

office or research space. 

According to Margulies, there are four 

primary components to creating an “alternative” 

workspace: the reception area 

(what message is it sending?); benching 

(where you work for some portion of your 

day, or where others can find you); collaborative 

environment (where employees 

meet and share ideas); and common 

amenities (where employees eat, work 

out, and interact socially). 

Moderated by Richards Barry Joyce 

and Partners President Robert B. Richards 

Jr., the panel also included insights from 

175-185 Wyman St., Waltham MA 

corporate tenant users provided by Janet 

Nicholas, director of strategic initiatives 

for French-based software company 

Dassault Systèmes North America; and 

Gregory Lewis, associate director of facilities 

planning at Shire Human Genetic 

Therapies. Dassault is consolidating its disparate 

Massachusetts operations in 

Waltham this autumn. 

“Our employees will be 

coming from Concord, 

Lowell and Maynard, 

from closed door offices 

with little or no sunlight” 

to the new 

Waltham facility, said 

Robert B.Richards Jr. Nicholas. 

Owned by Hobbs Brook Management, 

the 335,000-sf, two-building complex at 

175-185 Wyman St. was designed by 

Margulies Peruzzi Architects (core and 

shell) and Elkus/ Manfredi (interior). The 

spacious campus overlooking Route 128 

features plenty of natural sunlight, a cavalcade 

of employee amenities, and had 

enough sustainability mettle to earn a coveted 

LEED Gold certification. “We have 

Millennial, we have Gen-X, and we have 

Baby Boomers, and the issue was finding a 

space that appeals to all,” said Nicholas. 

The Dassault commitment—winner of the 

2010 Suburban Real Estate Lease of the 

Year from the Commercial Brokers 

Association—reflects how forward-thinking 

developers can win over a prized tenant, 

with the company eschewing less 

expensive alternatives for a new millennium 

environment they argue will enable 

them to lure top technology talent. 

Shire’s Lewis, whose company spent 

$200 million to secure the 435,000-sf former 

Raytheon headquarters on Route 2 in 

Lexington in 2009, said his company was 

“looking for a collegial feel to our campus.” 

Reflecting that “collegial feel,” one of the 

issues planners had to consider was food, 

said Lewis. “If you’re in East Cambridge, 

there’s (a myriad of food choices) within 

three minutes walking distance,” he 

noted, “but in Lexington, there’s a five- to 

10-minute drive to get anywhere.” Lewis 

added that it was the researchers, not the 

office types that drove the design of the 

campus. 

After the program, Richards was effusive 

in his praise of the NAIOP-organized 

panel. “Martha O’Mara’s presentation was 

insightful and different in her discussion 

of the changing workforce –- the 

Millennials –- and that’s the emerging 

workforce,” he said. 

Having helped Shire acquire the 

Lexington campus from developer Patriot 

Partners, RBJ’s team concurs with the 

panelist’s insights, added Richards. “In our 

position, we’re adjusting,” he said, maintaining 

other industry professionals would 

be well-advised to recognize the evolving 

landscape. “One of the key drivers of our 

market is intellectual capital, and keeping 

the brightest minds that are coming out of 

college, and having them want to stay (is 

critical to survival),” he said. “We need to 

be as hip as San Francisco and as happening 

as New York City to not be losing the 

brain trust to other markets.” 

n 

Photo: Warren Patterson 



Massachusetts Corporations 

Organized May 16 - May 20, 2011 

Corporation Directors/Registered Agents Address Nature of Business 

West 109th Holdings LLC Edmund Byrne and Jeremy O'Sullivan, managers C/o Anglo Irish Real Estate Holdings Inc. @ 265 Franklin St., Hold and dispose of real property 

19th floor, Boston MA 02110 

Parkside Holdings LLC Edmund Byrne and Jeremy O'Sullivan, managers C/o Anglo Irish Real Estate Holdings Inc. @ 265 Franklin St., Hold and dispose of real property 


Cape Town Plaza LLC Thomas J. Desimone, Deirdre A. Geoghegan, C/o S.R. Weiner & Associates @ 1330 Boylston St., Ste. 212, Deal with real property 

Richard A. Marks and Jeremy M. Sclar, managers Chestnut Hill MA 02467 

FAC Development II LLC Christopher W. Collins and Anthony A. Nickas, managers; Principal office c/o C&N Manager Inc. @ Pilot House, Lewis Wharf, 

Edward F. Fay, resident agent Boston MA 02110; Edward F. Fay c/o Lourie & Cutler PC @ Acquire, develop, hold, own & sell real estate 

60 State St., Boston MA 02109 

University Housing LLC Peter A. Picknelly, mgr; Paul M. Maleck Esq., resident agent 1776 Main St., Springfield MA 01103; Paul M. Maleck Esq. @ Real estate consulting, management, 

1 Monarch Pl., 19th floor, Springfield MA 01144 purchase and sale 

CVT Holdings LLC Samuel Ross, manager C/o Winn Cos. @ 6 Faneuil Hall Marketplace, Boston MA 02109 Deal w/certain multifamily property in Chicopee MA 

Parkside Holdings LLC Samuel Ross, manager C/o Winn Cos. @ 6 Faneuil Hall Marketplace, Boston MA 02109 Deal w/certain multifamily property in Lowell MA 

RGN-Boston I LLC Jeff McCall, manager C/o Regus @ 15305 Dallas Pkwy., Ste. 400, Addison TX 75001 Open executive suite business centers 

Joy Boston LLC John R. Parsons Jr., manager 1801 Worcester Rd., Framingham MA 01701 Deal with real property 

East Main Street Equity Partners LLC Constantine Alexakos, manager; Gary D. Buchman Esq. Alexakos c/o Aegean Capital @ 150 East 58th St., Ste. 2000, NYC; Real estate 

and Andrew Royce, Esq., signatories 

Gary D. Buchman Esq. and Andrew Royce Esq., c/o Sherin and 

Lodgen LLP @ 101 Federal St., Boston MA 02110 

Spark Realty Group Inc. Seojin Park, president, treasurer and secretary 316 Newbury St., Ste. 31, Boston MA 02115 Real estate services 

Field Development Inc. Matthew P. Field, president; Michael S. Field, treas. & sec. 442 King St., Littleton MA 01460 Real estate 

BFT Whitcomb LLC Mary A. Beagan, manager 50 Stock Farm Rd., Sudbury MA 01776 Dealing with interests in real estate 

Boylston Holdings LLC William G. Coughlin, manager 52 Upland Rd., Brookline MA 02146 Real estate 

Jamma Realty LLC Elaine Tung, manager 114 Waltham St., Ste. 14, Lexington MA 02421 Buy, develop, manage and sell real estate 

Drewrich Properties LLC Anthony R. Bonomo Jr. and Andrew Scalese, managers Principal office @ 35 Lawrence Rd., Medford MA 02155 Commercial and residential real estate 

110 State Road LLC Roland B. Catignani, manager 110 State Rd., Sagamore Beach MA 02562 Buy, hold, lease, manage and sell real estate 

Bumstead LLC William E. Bumstead III, manager 19 French Rd., Wayland MA 01778 Develop, manage and own real estate 

Stealth Holdings LLC David J. Baird, president, treasurer and secretary 15 Dike Dr., Clinton MA 01510 Real property holdings 

J&G Realty Properties LLC Greg Bromberg and Jeffrey Goodman, managers 275 West Rd., Alford MA 01266 Real estate 

Patriot Revere Beach LLC John C. Howe, manager 526-546 Revere Beach Blvd., Revere MA 02151 Acquire, develop, finance, lease, manage and 

sell real property 

Charter Hanson LLC Paul Brandes and Daniel Zelson, managers C/o Charter Realty & Development Corp. @ 800 Westchester Ave., Real estate 

Ste. S-632, Rye Brook NY 10573 

Preservation Mill LLC Russell G. Barnaby, Robert E. Hakala and Principal office @ 11 Oak Hill Rd., New Ipswich MA 03071; Own and operate a student housing facility 

Steven D. Hakala, managers MA office @ 54 Teel St., Arlington MA 02474 for college students 

West Springfield Bliss Street LLC Debra Whiting and Kenneth Whiting, managers 112 Partridge Ln., West Springfield MA 01089 Hold real estate 

Eliot Hill Road LLC Richard C. Lyford, Robert W. Lyford & Willis F. Lyford, mgrs. 12 Brooks St., Winchester MA 01890 Buy, develop, lease, mortgage and sell RE 

Commercial Real Estate Advisors of David B. Eaton and Robert L. Rohrer Jr., managers; Principal office @ 175 Canal St., Ste. 401, Manchester NH 03101; Commercial real estate services 

New England LLC David K. Moynihan, resident agent David K. Moynihan c/o McLane Graf Raulerson & Middleton PA @ 

300 TradeCenter, Ste. 6400, Woburn MA 01801 

Essex Willowbrook Farm LLC Claudia Genz, manager; Ryan P.B. Kelly, resident agent Principal office @ 9 Milk St., Essex MA 01929; Ryan P.B. Kelly Deal with real property 

c/o Parker Scheer LLP @ 1 Constitution Center, Boston MA 02129 

WNG Holdings LLC Patrick Berry, manager 107 Big Wood Dr., Westfield MA 01085 Real property acquisition, development & holding 

Historic Savin Hill Advisors Inc. Peter McNamara, president; Richard E. Brunson, treasurer; Principal office @ 1 Alpine Way, Dorchester MA 02125 Non-profit promoting the history & preservation 

Catherine A. Drury, clerk 

of Boston's Savin Hill neighborhood 

Towle & Associates LLC Richard J. Towle, manager 38 Old Colony Way, Scituate MA 02066 Development consulting 

290 Weymouth Street LLC Thomas E. Hannon, manager 72 Sharp St., Hingham MA 02043 Manage and own real estate 

High Pearl LLC Richard Glanz, manager 1018 Beacon St., 4th floor, Brookline MA 02446 Deal with real property at 121 High Street, 

Boston MA 

Thomas Spiro LLC Dolores S. Selenkow, manager 155 Paulson Rd., Newton MA 02468 Develop, maintain and own real property 

32 Bingham Avenue LLC Stephen J. Clifford, manager 90 Milton St., Dedham MA 02026 Dealing with interests in real estate 

SNC-Lavalin Project Services Inc. Michael J. Leader, president; Annette S. Turner, treasurer; 436 Creamery Way, Ste. 100, Exton PA 19341 Construction management, engineering and 

Yves Laverdiere, secretary 

related services 

Rosebrook Place LLC Michael P. Hogan, president C/o ADM Management Corp. @ 155 Tihonet Rd., Wareham MA 02571 Real estate interests 

East Brookfield Depot Foundation Inc. Dan Lambert, president; Mark King, treasurer; and 190 North Brookfield Rd., East Brookfield MA 01515 Non-profit preserving artifacts, documents and 

Christine James, clerk 

properties of historic value to East Brookfield 

MA, including the East Brookfield Depot 



Massachusetts Corporations 

Organized May 16 - May 20, 2011 

Corporation Directors/Registered Agents Address Nature of Business 

M/R Rockett Management Co. Inc. T. Michael Rockett, pres.; Richard P. Rockett, treas. & sec. Principal office @ 225 Derby St., Salem MA 01970 Real estate management 

591 Main Street LLC Perul Taneja, manager 591 Main St., Waltham MA 02451 Real estate interests 

Humboldt & Meeker LLC James J. Mannix Jr., mgr; Mark B. Elefante, resident agent Principal office @ 101 Wellesley St., Weston MA 02493; Mark B. Elefante Deal with real estate 

c/o Hemenway & Barnes LLP @ 60 State St., Boston MA 02109 

Capital Residential Group LLC Daniel Armstrong, John Collins & Andrew Schena, managers 14A Dawes St., Blackstone MA 01504 Real estate brokerage business 

Capital Equity Partner LLC John Collins and Andrew Schena, managers 14A Dawes St., Blackstone MA 01504 Build, manage and own real estate 

Diamond Estates of Mass LLC Patrick Snow, manager 51 Taylor St., Springfield MA 01103 Real estate 

Thornton Ventures LLC Jamie Russo, manager 715 Summer St., Lynnfield MA 01940 Dealing with interests in real estate 

KA & EM Enterprises LLC Emilia Strankowska and Kamil Strankowski, managers 14 Harding St., Milford MA 01757 Acquire, develop, hold, improve, maintain and 

sell real estate 

Powers Family Cottage LLC Juliann P. Collazo and Christopher S. Powers, managers Principal office @ 857 Worthington Ridge, Berlin CT 06037 Hold and manage real estate 

Brico Properties LLC Brian A. Bachicha and Darcy J. Bachicha, managers; Principal office @ 100 West Banks Court, Springfield MA 01118; Real estate and interests therein 

Frank A. Caruso, resident agent Frank A. Caruso @ 51 Taylor St., 3rd floor, Springfield MA 01118 

Hoffman, Borowski and Associates LLC Janet Borowski, manager 2205 York Rd., Ste. 200, Timonium MD 21093 Consulting engineers 

653East3rd LLC Michael Ahern, manager 6 Westmoreland St., Dorchester MA 02124 Purchase real estate with intent to develop for 

rentals and sales 

37-45 Babson St LLC Michael Ahern, manager 6 Westmoreland St., Dorchester MA 02124 Commercial RE for the purposes of leasing property 

J&L Land Company LLC John David McNiff Jr. and Leslie Elizabeth McNiff, managers 11 Blackburn Center., Gloucester MA 01930 Develop and purchase land parcels 

Parker Street Holdings LLC Edmund Byrne and Jeremy O'Sullivan, managers C/o Anglo Irish Real Estate Holdings Inc. @ 265 Franklin St., Hold and dispose of real property 


Rebecca Street LLC David Chang and Diana Van Houtum, managers Principal office @ 28 Foster St., Cambridge MA 02138 Investments, including real estate 

616 Centre Street LLC Jodi M. Beckman, manager 616 Centre St., Brockton MA 02302 Deal with commercial and residential RE 

NERR LLP Carla Hoffman and Henry Talbot, partners 14 Bent Three Rd., East Longmeadow MA 01028 Lease, manage and own real property 

Matt & Nick LLC Matthew W. Dufresne and Nicholas J. Dufresne, managers 85 Hillcrest Pl., Amherst MA 01002 Real estate 

Real Estate Strategies Corp. Andrew Zezas, president, treasurer and secretary 3 Executive Dr., Somerset NJ 08873 Real estate advisory and brokerage services 

Wiseworks LLC Steve O'Connor, manager 300 Brickstone Sq., Ste. 201, Andover MA 01810 Broker transactions between homeowners 

and contracted labor 

236 Geneva Avenue LLC Henrich V. Miller and Vincent A. Miller, managers Principal office @ 26 Vesta Rd., Dorchester MA 02124 Real estate 

Vesta Holdings LLC Robert P. Berry and Timothy Berry, managers Principal office @ 300 Congress St., Ste. 306, Quincy MA 02169 Buy, finance, own and sell real estate 

K.Y.S. Realty Co. LLC Constantine Koutsogiannopoulos and 7 Furbish Pond Ln., North Reading MA 01864 Real estate and interests therein 

Spyridon Koutsogiannopoulos, managers 

Touro Investments LLC Mark S. Ain and Joseph C. Butler, managers Principal office @ 77 North St., Lexington MA 02421 Real estate 

Mick White Renovations LLC Pamela White, manager 43 Kansas Ave., Kansas City KS 66105 Interior/exterior remodeling services 

JCM Norwich Marina Acquisitions LLC Gary F. Joyal, manager 50 Resnik Rd., Plymouth MA 02360 Buy, develop and manage real property 

378 Federal Street LLC Teo Salema, manager Principal office @ 428 Main St., Keene NH 03431 Deal with real estate 

North East Seva LLC Kathleen M. Gliebe, manager; C/o Adtek Management LLC @ 100 E. Thousands Oaks Blvd., #235, 

Theodore Chadwick III, resident agent Thousand Oaks CA 91360; Theodore Chadwick III @ 258 Harvard St., Holding real property 

#318, Brookline MA 02446 

Austin Marion LLC David W. Lammers, manager 12 Buccaneer Way, West Dennis MA 02670 Buy, develop, manage, own and sell RE 

Anna Realty Corp. 2 Rita S. Lambergs-Tomes, president, treasurer and secretary 633 Trapelo Rd., Waltham MA 02452 Manage and own real estate 

The Henderson Street LLC Salvatore G. Barresi Jr., manager 23 Heritage Ln., Saugus MA 01906 Real estate management business 

Somerset 17 Real Estate LLC Nicholas Phelps, manager; Robert L. Allen Jr., resident agent Principal office @ 17 Somerset Rd., Lexington MA 02421; Buy, develop, lease, manage and sell RE 

Robert L. Allen Jr. @ 300 Washington St., 2nd floor, Brookline MA 02445 

Mary Tapper LLC Kevin C. Flemming and Shawna Flemming, managers; Principal office @ 14 Kelley Rd., Nantucket MA 02554; Real estate 

Kevin P. Klauer II, resident agent Kevin P. Klauer II @ 67 Trapelo Rd., Belmont MA 02478 

Dodge Maple Grove Farm LLC David J. Cotton and Kim J. Cotton, managers Principal office @ 248 Hatfield St., Northampton MA 01060 Dealing with interests in real estate 

New England Home Finders LLC Jacqueline Connolly, manager 59 Everett St., Middleborough MA 02346 Real estate services 

VTT Lincoln LLC Vaios Theodorakos, mgr; Russell K. Dunning, resident agent Principal office @ 100 Concord Pl., Framingham MA 01702; Deal with real property 

Russell K. Dunning c/o Posternak Blankstein & Lund LLP @ 

800 Boylston St., Boston MA 02199 

EFE Partners LLC Andrew N. Ellis, mgr.; Janine K. Serwin Esq., resident agent Principal office @ 225 Bahama Blvd., Cocoa Beach FL 32931; Develop, invest in and own real estate 

Janine K. Serwin Esq. @ 172 Newbury St., Ste. 5, Boston MA 02116 

Grace House Realty LLC Ming Szeto and Ai Fei Wu, managers 101 Colbourne Rd., Brighton MA 02135 Real estate


HarborSouth 


David Greaney 

just acquired nearby 200 Newport Ave., 

paying $25.0 million for that eight-story, 

145,000-sf asset fully leased to State 

Street Bank Corp. 

“I had heard that,” one source familiar 

with HarborSouth says when told of multiple 

rumors indicating Synergy has been 

tabbed to do a deal initially predicted to 

fetch around $30 million. The 10-story 

building at 100 Hancock St. was put on 

the block this winter by Boston-based 

Griffith, a firm founded in 2002 by namesake 

J. Brad Griffith and Tod Brainard 

that has been active throughout Greater 

Boston. 

Calls to Griffith 

Properties and brokers 

handling the sale at 

Cushman & Wakefield 

were not returned by 

press deadline. Also not 

responding were principals 

at Synergy, a firm 

founded by investor 

David Greaney that has been among the 

region’s most ardent acquirers of commercial 

real estate in recent years. 

Concentrated in Boston, the firm owns 

such well-known Hub properties as 100 

Franklin St., 27 School St. and 141 

Tremont St. The 200 Newport Ave. purchase 

marked one of the first times the 

company has strayed beyond its hometown, 

although North Quincy is just one 

stop removed from the city on the MBTA 

Red Line subway that feeds into Boston’s 

Financial District. 

In an article regarding the inaugural 

North Quincy investment, Greaney had 

likened the submarket to a de facto extension 

of the urban core his firm prefers, 

acknowledging the importance of the Red 

Line in being able to attract the likes of 

State Street Bank Corp. Similarly, Griffith 

Properties has managed to lure Bostoncentric 

tenants to HarborSouth, with 

occupants including Massachusetts 

Financial Services and a state agency that 

leased approximately 100,000 after previously 

operating in the city. 

HarborSouth would also seem to be a 

core-type opportunity that deviates from 

Synergy’s normal pattern of buying buildings 

offering upside through a re-tenanting 

or capital improvements campaign. 

Those skills were displayed 

visibly last 

week when Synergy 

sold all but a minority 

interest in Boston’s 

101 Summer St. to a 

Chilean investor, an 

$11.5 million trade 

the company 

announced in a press 

release on Monday. 

Backed by financing 

from Digital Federal 

Credit Union, 

Synergy had acquired 

the building almost 

exactly one year 

prior to its sale to the 

Chilean investor, 

Independencia, a private 

group that has 

already participated 

in other Synergy conquests. 

Having paid just 

$7.5 million for 101 

Summer St., Greaney 

explains competition 

to buy the property 

last spring was stilted 

by concerns over the 

building being nearly 

vacant. Today it is 

almost fully leased to 

a mix of office and 

ground floor retail tenants, including 

Chipotle Restaurant and Dunkin’ Donuts. 

Greaney credits his in-house leasing team 

led by James Grady and assistance from 

CBRE/New England’s office and retail 

leasing operations for turning the asset 

around at lighting speed despite the shaky 

economy. 

“It is certainly a big win for us,” 

Greaney acknowledged last week to The 

Real Reporter. The formula for that and 

several other turnaround success stories 

is fairly basic, he insists. “It’s about assembling 

a great team and being responsive to 

the tenants,” says Greaney. “We are on the 

ground and working with them to make 

sure their needs are met . . . that’s what it 

is all about.” 

Synergy has retained an undefined 

minority position and will manage the 

asset for Independencia. While enamored 

by the building, Greaney says the firm 

opted to cash out because “we felt it was 

200 Newport Ave., North Quincy MA 

time to take some money off the table.” As 

HarborSouth and 200 Newport Ave. would 

suggest, however, it appears Synergy’s 

appetite is not intending to slow down, 

perhaps feeling a pent-up need to pursue 

deals after being forced along with others 

onto the sidelines during the recession. 

“We put the brakes on in 2008 and 2009, 

but we got back in the game in 2010, and 

we are seeing some good opportunities in 

2011,” he says. 

That would be good news for sellers 

and brokerage houses such as Cushman & 

Wakefield, whose Capital Markets Group 

has had a busy beginning to the year, 

much of it concentrated in North Quincy 

where the team led by Robert E. Griffin Jr. 

and Edward C. Maher Jr. has already harvested 

three properties for three separate 

owners. Besides 200 Newport Ave., sold 

on behalf of ING Clarion, the group also 

sold 25 Newport Ave. earlier this year for 

Taurus Investments, delivering a $14 mil-


Jumbo Capital 


600 Longwater Dr., Norwell MA 

operation. “We expect to be very active 

buying in metropolitan Boston over the 

next two years,” stresses Hirsh. 

Having patiently waited for the cobwebs 

to shake off after the recessionary malaise 

derailed investment sales activity in late 

2008 and watching pricing finally adjust to 

new realities mandated by the prolonged 

downturn, Hirsh says his operation is 

eagerly scouring communities extending 

out to Interstate 495 in search of fresh 

opportunities, prospects he says will 

include everything from core assets to 

value-added ventures in need of a hands-on 

operator that can bring them back to life. 

“We are looking to create a well-balanced 

portfolio (comprising) a few bomb 

shelters of stabilized, cash-flowing properties 

with others (promising) good upside 

that we feel comfortable taking the risk 

on,” he says. “If a deal seems like a good fit 

for us, we are going to chase it hard.” 

Appropriately crafted, Hirsh says he 

believes Jumbo Capital could be achieving 

returns in the low double-digits for its 

backers. 

Hirsh says his firm is actively eyeing 

other deals in the region, but declined to 

discuss specifics. The investment sales 

specialist who worked several years for 

the prolific New Boston Fund is especially 

effusive about the Norwood acquisition at 

600 Longwater Dr., a 70,000-sf, Class A 

office building purchased from Oasis 

Development Enterprises. The asset 

offers a bit of both worlds, he explains, 

with the 77 percent occupancy rate 

anchored by a base of credit tenants 

including Morgan Stanley, plus the opportunity 

to improve income through a targeted 

lease-up campaign. 

“We feel we got a fantastic deal,” Hirsh 

says of the 12-year-old structure that has 

frontage along Route 3 at Exit 14. The 

building is located in the Assinippi Office 

Park, positioned barely 20 miles from 

downtown Boston. “It has tremendous 

curb appeal, and we feel we are in at a 

basis that will allow us to be extremely 

competitive in doing deals,” Hirsh says, 

adding he is further encouraged by a lack 

of comparable high-end product in the 

submarket, especially with no new construction 

on the horizon. 

The property, which Oasis spent $9.55 

million on to secure in Feb. 2003, also 

caught the ardor of lender Eastern Bank, 

which backed Jumbo Capital’s purchase 

with a $6.2 million mortgage. The institution’s 

experience on the South Shore provided 

further comfort to the buyers that 

their instincts are correct. “They have a 

lot of exposure down there and a good 

idea of the value we achieved,” he says of 

Eastern, crediting loan officer James 

Partridge for championing the commitment. 

“Jim did a really great job getting his 

hands around the deal,” says Hirsh. “It was 

clear he really understood the merits of 

the property, and he worked very hard to 

get it done.” 

Hirsh also offered praise to Wight & 

Co., a firm that has worked with Oasis 

Development Enterprises overseeing that 

firm’s own portfolio of properties in 

NEWIRE Leader 


Greater Boston. “They played a big part,” 

he says of Wight & Co. “We really appreciate 

their professional attitude all the way 

through the process.” 

As with most submarkets, the South 

Shore has had a rocky road since the 

recession took hold, but Hirsh says the 

Class A arena has fared better than most 

assets in the area, and predicts a capital 

improvements initiative and the involvement 

of leasing agent Radar Properties 

will help fill the vacant space in the threestory 

asset. The prominence on Route 3, 

plus a “very generous” parking ratio in 

excess of four vehicles per 1,000-sf leased 

are other reasons for the ebullient outlook, 

as is the presence of many key decision-makers 

in the Cohasset, Hingham and 

Scituate communities who have embraced 

the Norwell office market in recent years. 

“We think it is an awesome addition to our 

portfolio,” Hirsh says. 

n 

tion of a five-year strategic plan that members 

hope will enable NEWIRE to meet the 

needs of its members in the new millennium 

economy. 

“Joan is very inclusive, and I always feel 

like we are working as a team,” says 

Pirrello, a Senior VP at BayNorth Capital 

who has participated on several committees 

with Parsons and also got to know her 

while serving last year as President elect. 

“I appreciate that she is going to be there,” 

says Pirrello. “She has tons of energy and 

that is going to be a real help.” 

Given her busy work schedule, especially 

with commercial real estate financing 

returning to its pre-recession levels, one 

might think Parsons could use a break 

from the NEWIRE responsibilities. Instead, 

she expresses gratitude for the creation of 

the Past President position, relaying that 

her role as NEWIRE leader “went by really 

fast,” and welcoming the opportunity to 

continue promoting ideas such as the 

twice-monthly target and a concept known 

as “informational interviewing” where a 

member in one field meets with a colleague 

interested in exploring that discipline, 

learning about the skills required and 

potential opportunities to become 

involved. “I’m thrilled,” Parsons says of the 

new role as Past President. 

n 



The Real Report 


Report this week after a local operator 

stepped up to snag the complex. Landings 

Real Estate Group of Newport ultimately 

won the day once the dust had settled, with 

C&W negotiating on behalf of HallKeen and 

procuring the buyer. Joining Butler in marketing 

the property was Executive 

Director Biria St. John. Efforts to contact 

the new ownership were unsuccessful 

by press deadline. Butler says the property 

has been well-maintained, reflected by an 

occupancy rate estimated in the high 90 

percent range. 

Situated in a densely populated area 19 

miles from Newport and 30 miles south of 

Providence, Kingston Gardens benefits from 

a location within a mile of the University of 

Rhode Island. Some of the occupancy is 

derived from graduate students and URI 

professors, relays Butler. “It’s a very stable 

market,” he says, with Landings Real Estate 

Group expected to enhance its new conquest 

via a capital improvements program in 

the coming months. 

Kingston Gardens is comprised of a 

half-dozen wood-framed buildings sporting 

a brick façade. Those two-story structures 

were developed in the initial phase, 

followed by the erection of three singlestory 

buildings in the final phase, those 

also wood-framed but with vinyl siding 

exteriors. The unit mix includes one studio 

apartment, 59 one-bedroom units and 

the remainder two bedrooms. The average 

unit size is just under 700 sf. 

Other highlights of the apartments 

cited by C&W include well-equipped 

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NEWIRE 2011 annual meeting, Four Seasons Hotel, Boston MA 

kitchens, ample closet space and wall-towall 

carpeting, plus air conditioning. 

Select units offer dishwashers, updated 

bathrooms, private entrances and outdoor 

patios. There are 275 parking spaces and 

URI is accessible via public transportation. 

The South Kingston assignment is the 

second major multifamily sale orchestrated 

in Rhode Island by C&W in the past five 

months, having traded the 128-unit 

Pocasset Village for $9.55 million to wrap 

up 2010, closing out another active year 

for the team. “It was a good, solid deal,” 

Butler says of the South Kingston result. 

New at NEWIRE 

BOSTON — A lively audience was on hand 

Thursday to welcome in the 2011-2012 

slate of officers for New England Women 

in Real Estate, as BayNorth Capital 

Senior VP Janet Pirrello took over the 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

presidency for the group’s 30th anniversary 

season during the annual meeting at the 

Four Seasons Hotel. Following remarks 

from outgoing NEWIRE 

President Joan F. 

Janet Pirrello 

Parsons (see profile, 

page six) and the introduction 

of Pirrello in her 

new role, members were 

treated to a keynote 

speech from business 

coaching expert Dr. Lois 

Frankel, with an added treat being the 

handing out of Frankel’s latest self-help 

book, “See Jane Lead.” 

Now at close to 400 members, NEWIRE 

was established 30 years ago by nine 

female CRE professionals who wanted to 

encourage greater involvement of their 

gender in the male-dominated business. A 

NEWIRE member since 1993, Pirrello says 

she hopes to celebrate the accomplishments 

of the founders during the anniversary 

season while continuing to promote 

their creation as a viable way to assist the 

advancement of women just now joining 

the industry. NEWIRE, says Pirrello, has 

played a key role in affording far greater 

opportunities for that constituency than 

those available even when she was launching 

her own career as an equity financing 

expert. “The professional support is very 

important and the networking is great as 

well,” Pirrello says, while adding the group 

also plans to empower its members to take 

advantage of the changing business landscape 

in the new millennium. “It’s a real 

honor,” Pirrello says of being able to help 

the cause of women advancing in CRE 

through her leadership position. n

The Real Reporter - Newire.org

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