boston - The Real Reporter

THESUMMER2013 INVESTMENT REVIEWNEAR + FARINVESTORS RIDEYIELD WAVE IN HUB’SWHITE HOT MARKETTHE REALReporter03 RETURN TO 04 BROAD ST 05BANKING08 MULTIFAMILYTHE BURBS CONQUEST ON RATES MOTORS

6LENDINGTHE REAL REPORTER 2013 SUMMER REVIEWInvestors Banking on Financing255 State St., Boston MABY MIKE HOBANBOSTON — With the recession fading in therear view mirror in Greater Boston and othercore markets around the country, the lendingenvironment for commercial realestate has now rebounded to thepoint where investors in Boston properand Cambridge can find financingfor just about any deal, says JeffBlack, commercial debt/equity specialistand VP at ColliersInternational’s Capital Markets group.“It’s just a matter of what it’s going tolook like,” he tells the Real Reporter.“But there’s no shortage of high-yielddebt for any project you can think of.”And while the availability of financingis not expected to change any timesoon, it is going to cost a bit more thanthe rates available in the first fewmonths of 2013, says Black.“Something that folks should be payingattention to would be that on May 2nd, a 10-year U.S. Treasury yield was at 1.62 percent, andas of (last week), we’re at 2.53. So in the past 60days, the benchmark that most life companiesMICHAEL LINDGRENJULIA ANN SLOMand portfolio lenders appraise off of—the cost ofbaseline funds—has jumped 35 percent, andthat has substantially impacted the market.”Which means that 60 days ago, a deal that couldhave been priced at 360-370 basispoints (all-time lows) will now be a 450BPS rate, which fundamentally willchange the economics of some of thedeals that are being done, Blackreports.The financing expert predicts that“the new normal” will settle in at the2.5 to 2.55 percent range for at leastthe next few months, which from anhistorical perspective is still quite low,but the change is already being felt.CMBS lending, which made a hugecomeback in the last year, will definitelyfeel some upheaval. “Up until May,CMBS pricing was so competitive thatthey were winning core institutionaldeals that would have typically beengoing to life companies, because the pricing wasso compelling you couldn’t ignore it,” saysBlack. But with CMBS pricing so closely tied tothe treasuries, the advantage has gone back tothe life companies as CMBS rates (which cannotbe locked in until the deal is signed) are now risinginto the 5.0 percent range and above.And while CMBS is typically not a big playerin the core markets of Greater Boston (due tothe high barriers to entry erected on thestrength of the local banking sector), it has beenuseful getting deals done in New England’s tertiarymarkets like Portland, ME, and Portsmouth,NH, where life companies generally will nottread. Colliers, whose Capital Markets group hasclosed $1.1billion in debt/equity deals year-todate,arranged financing on two such deals withGoldman Sachs: a $7.8 million, 10-year, fixedrateleasehold mortgage for a Courtyard byMarriott at the Portland Airport in Maine and a$23 million office property in Burlington, VT.Colliers also arranged financing in April via a15-year CMBS deal in Denver, securing $72 millionin refinancing for eight separate but simultaneoustransactions with Principal Life (PREI)for grocery-anchored retail for ConnecticutbasedAmCap and a state pension fund.Cantor Commercial Real Estate Lending, thenation’s third largest CMBS lender, has alsocontinued on page 48

INVESTMENT SALESChris AngeloneExecutive Vice President/PartnerBill MoylanExecutive Vice President/PartnerPatrick CavanaghSenior Vice President/PartnerNat HealdSenior Vice PresidentNick HerzSenior Vice PresidentBruce LusaVice PresidentJessica DowdVice President, Client ServicesJohn MeadorAssociateEmily SimardAdministrative AssistantCBRE boasts the leading fully integratedCapital Markets platform in New Englandwith over $1.15 billion in transactionsclosed year-to-date.FEATURED TRANSACTIONSMIXED-USEOFFICERETAILMULTI-HOUSINGSimon ButlerExecutive Vice President/PartnerBiria St. JohnExecutive Vice President/PartnerJohn McLaughlinVice PresidentBLUE BACK SQUAREWest Hartford, Connecticut$106,300,000 448,877 SF300 RIVERPARK DRIVENorth Reading, Massachusetts$32,250,000 208,921 SFRIVERWAY PLAZAWeymouth, Massachusetts$21,500,000 245,000 SFJim TroxellSenior Marketing Project ManagerDEBTEQUITYHOTELSKevin MurphyFinancial AnalystNaomi MayeuxFinancial AnalystAliza RitskoClient Services AssociateDEBT & EQUITYCarlos Febres-MazzeiSenior Vice PresidentLAUNCH AT HINGHAMSHIPYARDHingham, Massachusetts$60M First Mortgage Financing246,000 SFPRINCETON WESTFORDAPARTMENT HOMESWestford, Massachusetts$38M Total Project Cost200 unitsTHE BACK BAY HOTELBoston, MassachusettsInvestment Sale 225 roomsKyle JuszczyszynSenior Vice PresidentMULTI-HOUSINGMike PrakkenSenior Vice PresidentJohn KellyVP/Multi-Housing SpecialistJosh KlimkiewiczVice PresidentSamuel DylagFinancial AnalystTaylor ShepardClient Services AssociateALTERRA AT OVERLOOK RIDGERevere, Massachusetts$149,200,000 722 unitsVILLAGE AT TAYLOR PONDBedford, Massachusetts$49,050,000 188 unitsWINCHESTER PARK & WOODAPARTMENTSEast Providence, Rhode Island$56,100,000 478 unitsHOTELSDave McElroySenior Vice PresidentScott HutchinsonVice PresidentFor more information, and to discuss how our platform canachieve results for your real estate investment goals, pleasecontact CBRE’s Boston Capital Markets team at 617.912.7000or capitalmarkets@cbre-ne.com.www.cbre-ne.com

8MULTIFAMILYTHE REAL REPORTER 2013 SUMMER REVIEWMultifamily Train Still ChuggingBY JOE CLEMENTSBOSTON — Multifamily real estate flew off theshelves in 2012, making the cupboard ratherbare at the outset of this year’s campaign. Adearth of listings and any hangover from thecrushing level of trades taking place lastautumn have eased, however, according to brokersoperating in that realm, including UnitedMulti Family President Richard Cawley, whoseQuincy based company is among the most prolificmiddle-market apartment sellers in NewEngland.“All of a sudden, weare starting to see a ton ofactivity again,” Cawleyconveys in a recent interview.“It has definitelypicked up, and we areexpecting more buildingsCHRISTOPHER D. SOWERto be coming to the marketinto the fall.” Philip Lamereof Apartment RealtyAdvisors offers a similarJASON S. WEISSMANtake, citing the recordprices for helping motivateowners off the sidelines,although pickings remainslim in urban venues. “Weare seeing a tremendousnumber of people who are having a hard timebuying into the Boston market,” says Lamere.“There is more capital than product, and that isSIMON BUTLERBIRIA ST.JOHNCabot Crossing, Lowell MAforcing people to look outward.”ARA did manage one notable closing bymid-year, assisting the owners of CabotCrossing in selling that seven-building, 252-unit Lowell property to a partnership led byTaurus Investment Holdings. The $20.2 milliondeal closed in mid-June. The ARA operationbased in Burlington is going even farther afieldwith two Cranston, RI, listings, SpringfieldApartments (216 units) and the other GardenCity (94 units). The former has already closedand Garden City is under agreement.BY JOE CLEMENTSBOSTON — CBRE/New England’s multifamilysales stats in 2013 are gaudy—David Ortiz gaudy. Try 17 closings involving3,561 units and a total volume of$507 million as of June 30th, headlinedby the $149.3 million exchange of Alterraat Overlook Ridge, a sprawling apartmentcommunity straddling Malden and Revereon a site along Route One across fromGranada Highlands. Mack-Cali Realtynow controls the opening two phases of a venture approved for2,800 apartments and ancillary commercial. Begun in 2002,Alterra at Overlook Ridge’s master developer is Roseland on aventure backed by Prudential Real Estate.ARA is flush in land brokerage, according toprincipal Richard Robinson, who says a halfdozensites are under contract and movingtowards a closing. Robinson would not identifythe properties, but deems the activity a result ofmultifamily’s demand, with developers eager totake advantage. “It’s a good sign,” saysRobinson, whose firm has a Norton site on theblock, plus a 55-acre parcel at 15 Great Rd. inLittleton permitted for 214 units. That assignmentis being led by land broker Brendan Reillycontinued on page 50Home Runs Galore for CBRE/New EnglandAlterra at Overlook Ridge, Malden and Revere MA“We did all right,” CBRE/NE principal Simon J. Butler modestlyresponded when asked of the hyperactive beginning to aseason for the multifamily team he leads with Biria St. John.continued on page 52

10MULTIFAMILYTHE REAL REPORTER 2013 SUMMER REVIEWMultifamily ‘Interest Rate’ SoarsBY JOE CLEMENTSBOSTON — Interest rate hikes threaten to slowthe multifamily juggernaut rampant in NewEngland, but several industry professionals opineinterest in the product type will deflect any seriouserosion of sales, at least regionally and overthe near term. A full percentage point jump thisspring roiled a few borderline refinancings, andhas conduit lenders in upheaval, but regulatoryfears over an economic slump are expected tolimit any hikes and optimists say there are otherelements in place—such asa global capital glut—pluslenders reluctant to exit themultifamily arena. There hasalso been a slight clawbackin the initial rise (althoughJames M. Murphy ofPAUL DONAHUEJOHN EDWARDSHAL REINAUERNorthmarq Bank stressesthe record rates of yore “areover.”)Even in reporting themarket has seen a few marginaldeals evaporate, ArborCommercial Mortgage loanofficer John Edwards isamong those predicting relativecalm, particularly sincehe says banks have enoughwiggle room to help a dealhappen and still yield adecent return. “It remains aremarkably good rate,” addsCenterline principal PaulDonahue, who finds solacein the global money surplus.“It is not abating,” Donahuesays this week, giving theexcess another decade before its influence fades.To Donahue, the challenge in metropolitanBoston is finding deals to finance, with supremefundamentals creating a feeding frenzy whenevera property appears on the sales block, and oftenluring a gaggle of lenders in concert with the buyers.Donahue has spent much of 2013 farther afield. Operating from his Boston office at 100Franklin St., he has assisted Centerline borrowersholding assets from northern New Hampshire toLos Angeles, with stops in Illinois, Indiana andOhio. “We are following our clients,” explainsDonahue. “We’d like to do more in Boston, but it45-47 Bay State Rd., Boston, MAhasn’t been easy, and our clients are active everywhereand keeping us busy.”Arbor’s local lending crew is busy outsideNew England as well, although Edwards and colleagueHal Reinauer did manage to finalize significantfirst-half loans in the area, amongthem $4.22 million in a refinancing ofthe Coach Estates apartments at 53-55Brook St. in Acton. Reinauer handledthat assignment. Arbor had previouslyfunded borrower Stuart Levey in hisApril 2008 purchase of the garden-styleproperty via a $3.9 million loan.Joseph Charneski of Arbor’s NewYork office also made it up into NewEngland by mid-year, providing $8.01million in June for Fairhaven ResidentialGardens in Concord, a complex onAbbott Lane owned by Taymil Partnersof Framingham.Eleven mortgages totaling $59.2million were originated by Edwardsthrough June 30th, having assisted aborrower in getting $2.14 million for the CountryGreen Apartments in Attleboro, and helping theowner of two Lynn properties secure $1.65 millionfor 28-30 Franklin St. and 77 Green St. All ofPAUL NATALIZIOBRETT PAGANIthe loans came through the Fannie Mae DUS program,with Edwards providing a variety of thoseinstruments, among them a DUS Small Loan on a$1.87 million mortgage covering RidgepointApartments in Rogers, Arkansas. An $11.6 millionDUS/Manufactured Housing loan wasarranged by him for the Villas at MarlinBay in Lake Wylie, NC, a state Edwardscompleted three loans in through midyear,the largest a $17.5 millionDUS/Military Housing mortgage inNewport.Another $12.5 million went toWindsor Upton Stonecrest inBurlington, NC, and the owner of FlatCreek Village in Weaverville, NC,secured $3.6 million.Reinauer originated $35.8 millionvia the Boston office, headlined by a$22.0 million FHA 221(d)(4) mortgagein Richmond, VA, a city in which he separatelydelivered a $1.45 million DUSSmall Loan to 321 West Franklin St.Apartments. Reinauer did another DUSSmall Loan on Old Town Creek in ColonialHeights, VA, and provided an FHA 223 (a)(7) loanfor the Chesterfield Gardens Apartments incontinued on page 58

COLLIERS INTERNATIONAL | BOSTONWe thank and congratulate our clients on recent assignments and transactions.Name:Ink BlockAmount: $63,000,000Location: South End, Boston, MAType of Financing: Construction-EquityName:Grocery-AnchoredRetail PortfolioAmount: $72,000,000Location: Denver, COType of Financing: RefinancingName:Southeast Multifamily PortfolioName:One Washington MallAmount: $60,400,000Amount: $27,000,000Location:Memphis, TN and Huntsville, ALLocation:Finance District, Boston, MAType of Financing:Acquisition FinancingType of Financing:RefinancingName:Portsmouth Office ParkName:Bay HouseAmount: $23,000,000Amount: $18,800,000Location:Portsmouth, NHLocation:Portland, METype of Financing:Bridge/RefinancingType of Financing:ConstructionName:Comfort Inn - RevereName:112 Barnum RoadAmount: $14,000,000Amount: $13,715,000Location:Revere, MALocation:Devens, MAType of Financing:RefinancingType of Financing:RecapitalizationName:100 Arboretum DriveName:325 Corporate DriveAmount: $12,000,000Amount: $10,500,000Location:Portsmouth, NHLocation:Portsmouth, NHType of Financing:Construction/PermanentType of Financing:RefinancingName:Bedford Executive ParkName:Gateway PlazaAmount: $8,500,000Amount: $8,150,000Location:Bedford, NHLocation:Manchester, CTType of Financing:AcquisitionType of Financing:RefinancingColliers InternationalCapital Markets Group617.330.8000160 Federal StreetBoston, Massachusetts, 02110www.colliers.com

14360 Cedar Hill St., Marlborough MABY JOE CLEMENTSBOSTON — May’s $36.7 million sale of 175Kenneth W. Welch Dr. here in this southeasternMassachusetts community helps symbolize ablossoming season of hope for industrial realestate. Battered by the 2008 recession and formost of the decade unable to see any relieffrom weak fundamentals—and equally anemicinvestor interest—the benefits of NewEngland’s robust economy are trickling down tothe industrial world, and even garnering competitionfor best-rated product, market expertsrelay in assessing mid-year results.“It is an asset class that is most closely tiedto the economy, and it does continue to lag, butINDUSTRIALIndustrial ShowsNew Strengthinstitutional investors are taking notice of thestronger conditions, and as they find (preferred)properties getting more expensive, the higheryields available in industrial are starting tomake sense,” says Daniel Fasulo, a researchspecialist with Real Capital Analytics. “It’s happeningall over the country,” conveys Fasulo,whose group pegs mid-year industrial sales inthe Boston MSA at $473.4 million compared to$422.9 million at that point in 2012.The purchase of 300 Riverpark Dr. in NorthReading by Tritower Financial Group for a hefty$32.2 million (see story, this page) is among atleast four industrial properties in the Bay Statethat swapped above $25 million through JuneTHE REAL REPORTER 2013 SUMMER REVIEW30th. The others included$32.2 million to the DavisCos. and Marcus Partnersfor 1 Investor’s Way inNorwood, a 242,000-sfproperty that the sellershad taken on for $33.0 millionin July 1998. The tradeto US Realty Advisorsequates to $133 per sf. Bycomparison, 175 KennethWelch Dr. cost AR Capitalonly $66 per sf for the555,700-sf propertyacquired from SycamorePartners.Davis more than replenishedthe Norwood inventory,in mid-March scooping up a 1.1-million-sfportfolio of flex and warehouse space for $21.0million after Wells Fargo Bank had foreclosedon the buildings following the recession. Theacquisition involves 100 Rustcraft Rd. inDedham (493,000 sf) and 150 Blackstone RiverRd. (612,000 sf) and 10 New Bond St. inWorcester. Attributes cited by Davis of 150Blackstone River Rd. included direct rail access,ceiling heights to 42 feet and having the entirestructure heated and with sprinklers in place.“We acquired the properties well belowreplacement cost, and our plan is to undertakea capital improvement program to repositionand lease up the vacant space at highly attractiverental rates,” CEO Jonathan G. Davis outlinedin a press release issue after the closing.The Dedham offering is 59 percent leased toNORTH READING — In its first campaign as areal estate investment firm, Tritower FinancialGroup made a substantial yet somewhat safe playin securing a 208,000-sf net leased warehousehere at 300 Riverpark Dr. to kick off its platformbarely six months after formation. BurlingtonbasedTritower was brought to the opportunity byexclusive listing agent CBRE/New England onTOD BRAINARD behalf of DivcoWest and Taurus InvestmentHoldings, who had paid $27.5 million for the property in Sept. 2008.The $32.2 million infusion into 300 Riverpark Dr. might not havebeen a bold statement by any means, but Tritower Director ofAcquisitions Tod Brainard told the Real Reporter upon completion ofthe deal that the asset fits well into his company’s ultimate plan to bal-continued on page 61continued on page 60CBRE/NE Helps Tritower in $32.2M Investment Debut300 Riverpark Dr., North Reading MAJOHN LASHARPAUL LEONE

KSPARTNERS980-990 Washington St. Dedham, MAFeatured Office Space For LeaseAvailable Suites From 750 -19,883 Square FeetJames Elcock 617.330.8020David Goodhue 617.330.8000Bill Lynch 617.330.8154115-117 Flanders Road Westborough, MAAvailable Suites From 3,800 - 17,000 Square FeetTim Latham 617.951.4104Craig MacDonald 617.951.413785 Devonshire St / 262 Washington St BostonAvailable Suites From 1,171 - 16,000 Square FeetWil Catlin 617.850.9606Robert LeClair 617.850.9614330 Boston Post Road, Marlborough, MAAvailable Suites From 1,317 - 9,301 Square FeetCraig Johnson 508.651.9022Garry Holmes 508.651.9020Getting deals done.KS Partners150 East 58th Street | Suite 2000 New York, NY 212.355.7474 130 New Boston Street | Suite 303 Woburn, MA 978.560.0560 www.kspartnersllc.com

16HOTELSTHE REAL REPORTER 2013 SUMMER REVIEWPark Plaza$250M SaleRocks HubBOSTON — New England hotel sales weredominated in the opening half of 2013 by adeal that is technically a Q3 transaction thanksto Sunstone Hotel Investors not closing on its$250 million purchase ofthe Boston Park Plaza untilthe first week in July. Theinitial agreement wasunveiled months ago, andobservers say they believethe super-sized tradeorchestrated by EastdilJAMES MCCAFFREYDENNY MEIKLEHAMSecured helped bolster theoriesthat New England’slong-suffering hotel sectoris firmly on the mend.“It has transferred togreater interest” amonginvestors for such product,concurs one investmentsales expert active in thehospitality arena. SellersRockpoint and Saunders Hotel Corp. initiallytested the market last year, then opted to refinancethe 1,053-unit asset instead throughEastdil’s debt division. It was the rapidlyKEVIN PHELANJOHN BRODERICKBoston Park Plaza, Boston MAascending economy piquing interest in all producttypes, plus a capital improvements programover the past two years that included adding100 new rooms that helped drive the pricestratospherically above the $126 millionRockpoint paid Starwood Hotels & Resorts tocome on board, according to one broker.The eye-popping price tag is not irrationalexuberance, either, many insist. “There is a generalconsensus that Boston is still underroomed,”says one informed source who creditsthe resilient business climate borne of a diverseemployment base, plus tourism and relativesvisiting college students, for helping Bostonkeep its occupancy rate in the 78 percentsphere, a figure compiled by Boston-basedPinnacle Advisory Group that puts the city some10 percent higher than that needed to be considereda healthy level.BOSTON — About the closest some banks get to hotel lending is having a lobbyATM at the local inn, but increasingly a realm ruled by life insurers is getting freshcompetition from that constituency, according to financing experts who say thetrend is helping make credit available for hotel product even as interest rates begintheir creep upward.According to hotel debt expert John Broderick of Colliers International, “bankshave really stepped up their game for the best (hotel) assets in class,” for which hehas a convenient example in People’s United Bank recently providing two loans tothe Saunders Hotel Group in Boston for their landmark Lenox at the corner ofBoylston and Exeter Streets.Broderick explains People’s won the business by providing a 15-year, fixed-ratefirst mortgage for $37.5 million and a $2.5 million revolving credit facility. The effortwas led by Co-Chairman Kevin Phelan, and Broderick, a Senior VP who says thelegacy of the Saunders family in the hospitality sector was a help in driving terms,continued on page 57Eastdil is now marketing the 143-roomCopley Plaza Hotel, also in the Back Bay.Members of the Boston Capital Markets Groupdeclined comment on any aspect of the hospitalityactivity, a specialty that Eastdil has built asignificant national platform and continues topursue, according to one market watcher. TheBoston office team includes Brian Barnett, PeterJoseph, Sarah Lagosh, James McCaffrey andChristopher Phaneuf.Even amidst that silence, word got outabout the Park Plaza changing hands, given theheft of the 950-room facility and its stature asa true grande dame property in one of the city’smost ornate neighborhoods. “This was a monsterdeal,” agrees one observer experienced inthe hospitality field, placing it among—if notat—the top of dollars paid for a Boston hotel.continued on page 62Regional Banks Checking into Prime HotelsLenox Hotel, Boston MA

Knowing the lay of the land,not just the law.Acquisition for LargePublic CompanyAcquisitions of California,Illinois, Ohio, andTexas facilities involvingcomplicated title andzoning issues andtransfer of operatingpermits.Sale of Shopping CenterMulti-million dollar sale ofshopping center inConnecticut involvingseveral national retailers.Draft New Law GoverningPublic InfrastructureInstrumental in draftingChapter 23L providingmunicipalities with a localoption to approve taxexempt“special assessmentfinancing” of publicinfrastructure.Leasing for Major PubliclyTraded CompanyNegotiating and preparingleases of sales officesthroughout the UnitedStates for major publiclytraded company.Establish New Lawon Behalf of BuyerSupreme Judicial Courtcase recognizing the rightof buyer to rely on anaccepted written offerto purchase as a bindingagreement.Property ContaminationIssues for Fortune 100CompanyResolve propertycontamination issuesinvolving severalRegion I Superfund sitesin Massachusetts forFortune 100 Company.Victory for Condo TrusteesIn Land Court and onappeal in defending rightsof condominium trusteesto use their discretion inmaking common area andlandscape decisions.Landmark Decisionon Behalf of DeveloperLimiting the authorityof local conservationcommissions to imposerestrictions under localwetlands bylaws.Eminent DomainAward for LandownerArbitration proceedingsinvolving eminent domaintakings and contractdisputes with publictransportation authorityresulting in $7 millionaward.Section 1031 ExchangeSale of three-office-buildingportfolio o and purchase ofreplacement properties.Case of First ImpressionArgued Supreme JudicialCourt case establishingthe right of privateparties to appeal BostonRedevelopment Authorityapprovals after issuance ofbuilding permits.Reversal of AppealsCourt DecisionSupreme Judicial Courtcase clarifying obligationsof abutters challenginga zoning decision andreinstating client’s specialpermit to redevelop itsproperty.Real Estate Acquisitionand Development forMajor League BaseballOrganizationJoint venture with anotherbaseball organization toacquire and develop realestate next to client’s springtraining facilities.

Your PropertyOur FinancingFannie MaeFreddie MacFHABridgeCMBSLife CompanyCommercial Real Estate FinanceAndy GnazzoSenior Vice PresidentMultifamily Financeagnazzo@walkerdunlop.com(781) 707-9354Ellen KantrowitzSenior Vice PresidentFHA Financeekantrowitz@walkerdunlop.com(781) 707-9309Mike DarlingSenior Vice PresidentMultifamily Financemdarling@walkerdunlop.com(781) 707-9428Christopher RumulVice PresidentFHA Financecrumul@walkerdunlop.com(781) 707-9466www.walkerdunlop.com

20THE REAL REPORTER 2013 SUMMER REVIEWSynergy Invests $88Min Pair of Boston BuysHelping New England businessesthrive and grow.The commercial real estate group at Washington Trust providescommercial real estate mortgages for the construction, refinancing, andpurchase of investment real estate projects throughout New England.Financing ranges from several hundred thousand dollars to projects inthe millions, including the following:$9.2 MILLION in financing for the acquisition of a 70,000 squarefoot medical office in Norwalk, Conn.$6.94 MILLION in commercial mortgage financing to refinanceapproximately 100,000 square feet of office space in Lincoln, R.I.$6.5 MILLION loan for the refinancing of undeveloped land withapprovals for 385 units at an 803-acre master planned active adultcommunity located in Oxford, Conn.$6.2 MILLION in financing to acquire sole ownership of all parkingoperations at an area located within the Capital Center district of downtownProvidence, R.I.$4.5 MILLION in commercial mortgage financing for the acquisitionof a 38,000 square foot retail building located in Pawtucket, R.I.$4.2 MILLION commercial mortgage for the purchase of a multi-useproperty located in Quincy, Mass.$4.0 MILLION in refinancing a 92,592 square foot mixed-use propertyin Norwalk, Conn.$2.9 MILLION commercial real estate mortgage for the purchase of a6,324 square foot office building in Greenwich, Conn.$1.96 MILLION in construction financing for the development of a16-unit, 8 duplex condominium project in Narragansett, R.I.$1.725 MILLION in commercial mortgage financing for theacquisition of 42 units at a 64-unit condominium complex located inWaterbury, Conn.Commercial Real Estate ContactsJulia Anne M. Slom, Senior Vice President, Team Leader . . . . 401-348-1430Laurel L. Bowerman, Vice President . . . . . . . . . . . . . . . . . . . . . . 401-654-4847Suzanne Walsh Erno, Vice President . . . . . . . . . . . . . . . . . . . . . .401-348-1492Mary K. Ettinger, Vice President . . . . . . . . . . . . . . . . . . . . . . . . . .401-348-1415Catherine R. Fusco, Vice President . . . . . . . . . . . . . . . . . . . . . . . 401-348-1681Bethany A. Lyons, Vice President . . . . . . . . . . . . . . . . . . . . . . . . .401-348-1538Timothy M. Pickering, Senior Vice President . . . . . . . . . . . . . . . 401-348-1482Member FDICTrusted Advisors Since 180010 Fawcett St., Cambridge MABY JOE CLEMENTSBOSTON — Amassing two million sf of urban-centric propertiesover 10 years, Synergy Investments buying CRE in Boston—as ithas done to the tune of $88 mllion in 2013 already—is not necessarilynews, although the conquests of 11 Beacon St. and a SeaportDistrict portfolio this spring would certainly qualify.Even so, perhaps the most intriguing action was inselling one of its many holdings, having traded 10Fawcett St. in Cambridge for $31.3 million to finishup the second quarter.Acceding the firm founded by David Greaney in2003 does have a “cradle to grave” foundation,principal Maura Griffith Moffatt maintains there areDAVID GREANEYMAURA GRIFFITH MOFFATTtimes an exception is the rational choice. “You haveto always evaluate your portfolio and evaluatewhen it might make sense to prune an asset,” theManaging Director of Investments conveys in arecent interview explaining interest in Cambridge isrobust enough it gave Synergy confidence listingthe 130,000-sf office building this spring throughCushman & Wakefield would reap the benefits ofinvestor ardor. That proved the case, she says, whenArtemis and Griffith Properties beat out a field ofbidders to close on the deal in late June. “We’re very pleased with whatthe market brought us,” reports Griffith Moffatt, a career real estateattorney recruited this year to handle the expanding assemblage.Griffith Moffatt does agree the more natural state for Synergy is ofgrowth, and the company took two big steps in 2013 along those lines,landing 11 Beacon St. in January for $34.9 million, and joining forceswith DivcoWest on a $53 million purchase of Seaport District CRE thatincludes a 585-vehicle parking garage and development parcel on topof other goodies such as 319A St., a Class B office building that was at80 percent occupancy when sold. “It’s cash-flowing, which is a real helpto have in place when you are buying a portfolio of this size and thathas so many moving parts needing to be addressed,” says GriffithMoffatt.continued on page 64

MIDDLE MARKET EXPERTS2013 SALES HIGHLIGHTSBOSTON, MA135 BEACON STREETMULTIFAMILY APARTMENT BUILDING10 unitsACTON, MA117 CENTRAL STREETMULTIFAMILY APARTMENT COMPLEX71 unitsACTON, MANASHOBA APARTMENTS$4,300,00032 unitsON THE MARKETWATERTOWN, MA125 WALNUT STREETOFFICE SPACE120,000 SFAMESBURY, MARESIDENCES AT RIVERWALKMULTIFAMILY APARTMENT COMPLEX87 unitsCHELMSFORD, MA16 ELIZABETH DRIVEOFFICE/R&D SPACE91,476 SFWOBURN, MA335 WASHINGTON STREETRETAIL SPACE52,789 RSFBOSTON, MA24-28 DAMRELL STREET$7,450,00083,449 RSFWALTHAM, MA159 OVERLAND ROAD$5,425,00030,268 RSFLET US BEYOURINVESTMENTGUIDE.BOSTON, MAONE LEWIS WHARFOFFICE SPACE15,764 SFWILMINGTON, MA234 BALLARDVALE STREET$10,530,000100,225 SFCONTACT:DAVID N. ROSSExecutive Vice President617.457.3392dross@naihunneman.comCARL CHRISTIEExecutive Vice President617.457.3394cchristie@naihunneman.comDOUG JACOBYExecutive Vice President617.457.3237djacoby@naihunneman.comSCOTT DRAGOSExecutive Vice President617.457.3248sdragos@naihunneman.comROBERT TITOExecutive Vice President617.457.3231rtito@naihunneman.com303 Congress Street | Boston, MA 02210 | 617.457.3400 | www.naihunneman.comAll information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subjectto errors, omissions, change of price, rental or other conditions prior to sale or lease, or withdrawal without notice.

22BY JOE CLEMENTSQUINCY — They already know how to getto North Quincy—and principals atBraintree-based Campanelli are bettingthey understand where the eclectic district isheaded as well in spending $16.3 million tosecure Heritage Landing, apair of gleaming officebuildings totaling 356,000SF set by the NeponsetRiver. Created as part of aState Street Corp. campusthat emerged there in the1980s, the fallow structureswere harvested thisSTEPHEN J.T. MURPHYspring by CommonWealth REIT throughCushman & Wakefield, now named exclusiveleasing agent to peddle the space that is beingredesigned and under an extensive capitalimprovements process.Campanelli is a venerable company whoseSouth Shore heritage as a family constructiongiant extends over a half-century. That footprinthas expanded greatly this millennium, but principalStephen J.T. Murphy concurs the localcomponent of Heritage Landing I and II isHeritage Landing, Quincy MAappreciated, especially in light of an improvingcorporate climate. “We like the dynamics ofwhat is happening in that market right now,”says Murphy, a feel-good intuition bolstered bymid-year numbers from Richards Barry Joyce &Partners showing the submarket up by 320,000sf in net absorption since mid-year 2012.THE REAL REPORTER 2013 SUMMER REVIEWCampanelli Purchase Promising for HeritageAnother encouraging sign is a slight bump up inaverage asking rents this year to $21.31 per sffor Route 128 South, still well below the $25sphere that rents were when the recession hittown in 2008.In a recent interview regarding its ambicontinuedon page 65HERITAGELANDINGMA.COMHERITAGELANDINGMA.cOM1 & 2 DRIVENORTH QUINCY, MADOWNTOWN BOSTONNOW LEASINGLogan AirportNOW LEASING5,000 SF - 358,000 SF93MarinaBayNEW OWNERSHIP3AHancockTWO HERITAGE DRIVE I North Quincy, MA185,000 SF of Class A Office Available Now22,300 SF Floor PlatesRenovations include a new lobby, café, fitnesscenter and conference center.Hancock StreetStreet3ATWO HERITAGE DRIVEHeritage DriveONE HERITAGE DRIVE I North Quincy, MA173,000 SF of Class A Office Available Now.36,500 SF Floor PlatesRenovations include a new lobby and sharedcafé, fitness center and conference center.ONE HERITAGE DRIVEDriveEnterprise DriveNorth QuincyFOR LEASING INFORMATION | 617 330.6966MIKE FRISOLIMATT MORGANMichael.Frisoli@cushwake.comMatthew.Morgan@cushwake.comDAVID MARTELDavid.Martel@cushwake.comJASON ROTHJason.Roth@cushwake.comReal_Reporter_Ad_July_2013.indd 17/24/2013 10:10:03 AM

We Tip theScale in Your FavorWork with Cresa, Real Estate Advisors Who Only Represent the TenantDoes your broker represent your landlord as well as you? If so, that presentsa potential conflict of interest. At Cresa, we work only for the tenant. Not the landlord.That’s the Tenant’s Advantage.cresa.comCresa | Corporate Real Estate Service AdvisorsMORE THAN 255 OFFICES WORLDWIDE | MORE THAN 57 NORTH AMERICAN OFFICES

2674-86 BRAINERD ROADAllston · Boston, MATHE REAL REPORTER 2013 SUMMER REVIEWRBJ CRE TradesAt $52M Midyear$78+ MILLIONPORTFOLIO IN THE SQUAREHarvard Square · Cambridge, MA15 Shattuck Office Center, River Road, Andover MAsold so far in 2013...*NOTABLE SALES39 JFK STREET, CAMBRIDGE20,570 SF . $1,612/SF256 PARKER HILL AVENUE, BOSTON32 UNITS . $235,938/UNIT1725 MASS AVE, CAMBRIDGE12,088 BEACON SF . HILL $310/SF PORTFOLIOBeacon Hill · Boston, MA90 WELLS AVENUE, NEWTON10,000 SF . $285/SF11–13 SECKEL STREET, CAMBRIDGE4 UNITS . $481,250/UNIT84 THE FENWAY, BOSTON22 UNITS . UNDER AGREEMENT$33,150,000MIXED-USE$7,550,000MULTI-FAMILY$3,750,000LAND$2,850,000OFFICE$1,925,000MULTI-FAMILYCONFIDENTIALMULTI-FAMILYCOMMERCIALMICHAEL D'HEMECOURT617.850.9670mdhemecourt@bradvisors.comJEREMY A. FREID, SIOR617.850.9602jfreid@bradvisors.comMULTI-FAMILYCHRISTOPHER D. SOWER617.850.9633csower@bradvisors.comJASON S. WEISSMAN617.850.9608jweissman@bradvisors.com745 BOYLSTON STREET BOSTON, MA · (T) 617.375.7900 · (F) 617.536.9566BY JOE CLEMENTSBOSTON—If variety is the spice of life, Richards Barry Joyce &Partners has had a rather zesty beginning to 2013 on investmentsales, completing a smorgasbord of transactions collectively topping$52 million with five months remaining.An Andover data center, value-add office plays in Chelmsford andFramingham, a multi-faceted Franklin industrial dispositionand church retirement home in downtownBoston were among the assignments completed asof June 30th. Days later, the contingent delivered$172 per sf for an empty lab building in Watertownvia the $10.3 million sale of 64 Grove St. to TuftsAssociated Health Plans.“We did a lot of different things, and had to takea lot of different approaches to make them work,”Senior VP Christopher Skeffington acknowledges in arecent interview where he cites the RBJ teamapproach of melding Capital Markets and leasingprofessionals for greater exposure of an asset, asexemplified in Franklin when RBJ was advising a localfirm needing upwards of 100,000 sf—pronto—andwith few options just as owner Campanelli was hiringRBJ to find a replacement tenant at 15 FranklinWay for FedEx, which had been there since 1996.“It came together very quickly,” Skeffington recalls of the mid-MayCHRISTOPHER SKEFFINGTONKRISTIN JOYCEagreement with KWL/Champagne Logistics, a rapidly expanding shippingconcern represented by RBJ broker Paul Leone. Skeffington andprincipal John Lashar were agents for Campanelli. In a press release,partner Robert DeMarco credits RBJ “for their thorough knowledge ofthe submarket,” and says “their recommendation to contemplate a saleto KWL on this leasing assignment was a great result for all parties.”Skeffington says the quality of the facility was a significant factor ingarnering $4.3 million. Situated in the Franklin Industrial Park, 15Liberty Way has 25 loading docks, a half-dozen drive-in bays and ceilingheights to 24 feet. “Both sides were pretty happy,” says Skeffington.continued on page 66

CORPORATE RETAIL HOSPITALITY INSTITUTIONALProfit From Good Design.To achieve your goals, you will need a design team that has theresources available now; has the commitment to maintain servicelevels over the long-term, and has the design skills to deliver the verybest solution to make your project successful for all. We are thatteam. Consider McMahon Architects for Architectural and InteriorDesign services on your next real estate investment.beam Interactive |Boston, MAMwww.McMahonArchitects.com | 535 Albany St. Boston MA 02118 T 617.482.5353 |

28BOSTON—HollidayFenoglio Fowler closedout the midyear helpingone of the waterfront’smost prominent sites secure$90 million. The HarborGarage, owned by theChiofaro Co. and PrudentialReal Estate Investors, is a1,380-sf space facility sporting30,000 sf of groundfloorretail on a site alongthe lush Rose FitzgeraldKennedy Greenway.The five-year, fixed-rateloan was secured throughHartford InvestmentManagement Co. andreplaced an $85 millionnote secured in June 2008from the same insurer. TheHFF team was led by SeniorManaging Director RiazCassum, Director PorterTerry and Analyst SamanthaBendetson. “This propertyhas consistently performedextremely well through theyears and remains one of thehighest income-producinggarages in the city,” Cassumcomments in a press releaseannouncing the commitmentsecured on behalf of the lifeinsurance giant’s real estatearm and the Chiofaro Co. Thedevelopers of Boston’s landmarkInternational Place, ownersDonald J. Chiofaro andTheodore Oatis, joined forceswith Prudential in Dec. 2007 toacquire the garage at 70 EastIndia Row for $153 million, intending to create amixed-use tower. As has famously been relayed,the project has been tied up in limbo ever since,partly due to what some claim is a vendetta fromMayor Thomas Menino against the Chiofaro Co.With the Mayor’s tenure ending, the chances fora redevelopment there would seem to increase,although rich neighbors at the abutting HarborTowers have also been staunch opponents.HFF principals deftly avoided detailing theTHE REAL REPORTER 2013 SUMMER REVIEWHFF Delivers $90M for Harbor GarageRIAZ CASSUMDONALD J. CHIOFAROTHEODORE OATISALBANY ROADREAL ESTATE PARTNERSHarbor Garage, Boston MAtempest, but Cassum points out the property willgenerate steady cash flow as any process evolves.“The asset’s unbeatable location near many ofBoston’s most popular attractions and its CentralBusiness District, coupled with Boston’s strongmarket, help assure it will continue to be adependable source of revenue for the borrower,”says Cassum. New England Aquarium is directlybehind 70 East India Row, and Faneuil Hall is atwo minute walk.◆Gateway Center, Providence, RIAmherst Crossing, Amherst NHMetro Center, Warwick, RIAlbany Road Real Estate Partners 10 High Street, 11th Floor, Boston, MA 02110 857.250.2455 www.albanyroadrep.com

HORVATH & TREMBLAYMaximizing ResultsThroughUnparalleled Expertise2013 FEATURED CLOSED AND UNDER CONTRACT PROPERTIESCLOSED CLOSED CLOSEDRite Aid | Nashua, NHCLOSEDRite Aid | Winchendon, MACLOSEDApplebee’s | Sarasota, FLCLOSEDAutoZone | Zebulon, NCUNDER CONTRACTOlive Garden | Taunton, MAUNDER CONTRACTLowe’s | Windham, MEUNDER CONTRACTNorth Ridge Plaza | Joliet, ILUNDER CONTRACTAspen Dental | Huber Heights, OHUNDER CONTRACTTD Bank | Cranston, RIUNDER CONTRACTBurger King | Saugus, MAUNDER CONTRACTCVS & Burger King | Concord, NHUNDER CONTRACTBurger King | Boston, MAUNDER CONTRACTApplebee’s | Haverhill, MABJ’s Wholesale Club | Revere, MACoventry Crossing | Coventry, RIPlease Contact Us To Discuss How We Can Help YouAchieve Your Real Estate Investment GoalsBOB HORVATH | 781.373.7123rhorvath@marcusmillichap.comTODD TREMBLAY | 781.373.7120ttremblay@marcusmillichap.com

30THE REAL REPORTER 2013 SUMMER REVIEWMore in Store for 504As SBA Loans ThriveFOR SALE90 Hamilton Street · Cambridge, MA7,800 SQUARE FOOT BUILDINGWWW.90-HAMILTON.COMCOMMERCIALMICHAEL D’HEMECOURT617.850.9670JEREMY A. FREID617.850.9602MULTI-FAMILYCHRISTOPHER D. SOWER617.850.9633JASON S. WEISSMAN617.850.9608745 BOYLSTON STREET · BOSTON, MA · 617.375.7900UnmatchedReal Estate services.A game-changingplatform.Full-service integrated real estate solutionsfor tenants, buyers, landlords, owners,developers and investors around the globe.470 Atlantic Avenue, 11th Floor, Boston, MA 02210 T 617.772.7200 / 617.449.5959North America Europe Africa Middle Eastwww.ngkf.com3 Thatcher Ln., Wareham MABY MIKE HOBANBOSTON — Small business owners looking to buy or upgrade theirreal estate are finding the venerable 504 loan program offered bythe U.S Small Business Administration to be a preferred methodfor securing long term financing—but it has not always been viewedthat way by borrowers or lenders.“There’s been real shift (in thinking),” conveysDavis, Malm & D'Agostine Partner George A.“Tony” Hewett, who specializes in structuring suchdeals. “It used to be a last resort for those businessesthat could not get conventional loans, but nowthe 504 is something banks are bringing to borrowersup front. You no longer have the aura of ‘Oh.BARBARA ARENAGEORGE A. “TONY”HEWETTYou had to get an SBA loan? What’s wrong withyour credit?’ Now it’s ‘Hey, I jumped on this reallyterrific program using SBA.’”First introduced in the 1980s, the program isdesigned to meet the capital needs of growingbusinesses and is used for real estate and machinery.Qualified businesses can borrow up to $5 million,but if the funds are used for real estate, thecompany must occupy at least 51 percent of theproperty (60 percent occupancy for new construction).Theborrower must put up at least 10 percent,their chosen bank lends 50 percent at their own rate and term (10-yearminimum) and has a first lien on the assets being financed. A CertifiedDevelopment Corporation (CDC) lends the remaining 40 percent (typically20 years at a fixed rate), with a second lien.“It continues to be a very, very, very active program, and a ton ofdeals are getting done,’ says Hewett, whose firm has closed on “about40” such deals in the first half of the year, and the pipeline still is producingoriginations. Another key factor that has increased its viability asa financing tool is the streamlining of the loan process, Hewett furtherexplains. “For many years it was a fall back program to conventionalloans because it was (difficult to work with),” says Hewett. “And thathas changed dramatically in the last five years. SBA has really embracedthe use of technology, everything is filed online. It is a much faster turnaround,and the players in the 504 program are much more sophisticatedand realize that it’s a great deal.”continued on page 37

L.A. Drinkwater, CCIM & Seth J. RichardTaking our Clients to the next Levelin Retail Investment SalesTrusted Advisors |Proven ResultsUnparalleled Expertise in New England’sRetail Market Over $74M transacted in 2013Expanding to a New BostonLocationL.A. DRINKWATER, CCIM SETH J. RICHARD

32THE REAL REPORTER 2013 SUMMER REVIEWColliers Aids UMassIn $40.3M Lab DealFOR SALE15-UNIT APARTMENT COMMUNITY99 Essex Street · Melrose, MAW W W . 9 9 E S S E X . C O MCHRISTOPHER D. SOWER617.850.9633csower@bradvisors.comJASON S. WEISSMAN617.850.9608jweissman@bradvisors.com745 BOYLSTON STREET · BOSTON, MA · (T) 617.375.79001075 Broadway, Saugus MABY JOE CLEMENTSWORCESTER — The way things worked out, ColliersInternational anticipates a busier ending to 2013 on the CREsales front versus the beginning, Investment Services Groupleader Lisa Campoli conveyed in a recent article.Some of that energy will be in the form of new listings,including an institutional-grade industrialproperty that could top $20 million, and a pair ofBoston multifamily opportunities.“It is coming together,” says Campoli, with fivelistings under contract and expected to closethrough the third quarter. In the meantime,LISA CAMPOLI Colliers has one major deal from the first half of2013 to savor, that being the $40.3 million purchaseof three Worcester biotechnology buildingsby the abutting University of MassachusettsMedical Center. Campoli and colleague TonyHayes advised UMMS, with Cushman & Wakefieldexclusive agent for the seller, Alexandria RealEstate Equities.The deal was consummated in February for 1TONY HAYESInnovation Dr., 377 Plantation St. and 381Plantation St., an assemblage of 300,000 sf acquired by the CaliforniaREIT in 1999 and branded the Massachusetts Biotechnology ResearchPark.UMass “saw it as a rare opportunity” to assemble a critical massof space at the Massachusetts Biotechnology Research Park, explainsCampoli, enabling the university to secure one of the largest such clustersof life sciences buildings outside Route 128 in Massachusetts. Ina statement issued by the school, the assessment was one “UMMSfaced either an opportunity to stabilize an important research and economicdevelopment asset for the region—or become neighbor of anunderutilized campus owned by an absentee landlord with little intercontinuedon page 66

KSPARTNERS220 - 222 Forbes Road. Braintree, MAFeatured Office Space For LeaseAvailable Suites From 500 -5,200 Square FeetMike Frisoli 617.204.4139Matt Morgan 617.204.4145Peter Whoriskey 617.204.41903 Riverside Drive, Andover, MAAvailable Suites From 2975-60,000 square feetTroy Coady 617.449.5967Chris Curley 617.449.5922Fordham Road - Wilmington, i MAAvailable Up To 100,000 Square FeetChris Lawrence 617.316.6529Brian Tisbert 617.531.4115165 Lexington Road Billerica, MAAvailable Up To 80,000 Square FeetJack Kerrigan 617.250.7607Mark Coehlo 617.250.7608Colin Whitney 617.250.7602Getting deals done.KS Partners150 East 58th Street | Suite 2000 New York, NY 212.355.7474 130 New Boston Street | Suite 303 Woburn, MA 978.560.0560 www.kspartnersllc.com

34HUDSON, NH —Cushman &Wakefield wrappedup the midyear with amulti-pronged solution forVectron International, theuser/owners of a high-techR&D building at 267Lowell Rd. that in Junechanged hands via a $5.3million sale/leaseback toCampanelli and TriGateCapital. The C&W team ofThomas Farrelly, DenisDancoes and Sue AnnJohnson advised Vectronand procured the buyers,while separately, that triorepresented the building insecuring a 70,000-sf leasefrom Mercury ComputerSystems.“It’s a big story with alot of complicated piecesthat needed to beaddressed at the sametime,” Farrelly recounts recently to the RealReporter in explaining client Vectron wanted toTHE REAL REPORTER 2013 SUMMER REVIEWC&W, RBJ Orchestrate Complex NH DealDENIS DANCOESTHOMAS FARRELLYSUE ANN JOHNSON267 Lowell Rd., Hudson NHstay put but downsize to 30,000 sf, yet was notcontinued on page 36YOUR VISION, DELIVERED.OFFICE | RETAIL | LAB | INDUSTRIALSTARBUCKS COFFEE COMPANY HANOVER, NHVOTZE BUTLER ASSOCIATES | CONSTRUCTION & PROJECT MANAGEMENT | 978.459.7600 | www.votzebutler.com

Commercial Lending• Retail Properties• Professional Office Buildings• Mixed-Use Properties• Multi-Unit Residential• Community Service Facilities• Commercial ConstructionSample of Commercial Lending TransactionsBOSTONHotel(118 Rooms)CAMBRIDGEMixed Use - Retail/ApartmentsSOMERVILLEPortfolio(30 Units)BACK BAYMixed Use - Retail/Apartments$8,000,000REFINANCE$6,650,000PURCHASE/CONSTRUCTION$4,200,000PURCHASE$3,800,000REFINANCELEXINGTONMedical OfficeBuildingARLINGTONPortfolio(250 Units)BRIGHTONPortfolio(36 Units)BOSTONCondoConversion$6,525,000REFINANCE$21,125,000ACQUISITION$3,600,000REFINANCE$2,000,000ACQUISITION/CONSTRUCTIONFOR MORE INFORMATION CONTACT:Matthew PierceSenior Vice PresidentCommercial Lending781-646-3900 x183mpierce@leaderbank.comCheryl GlantzSenior Vice PresidentCommercial Lending781-646-3900 x186cglantz@leaderbank.comLender NMLS# 449250

36Selected Real Estate Financing Transactions By:CAPITALALLIANCE ADVISORSAshworth Mortgage Corp. – Boston, MAEstreich & Company – New York, NYFirst MortgageRefinance$25,200,000Historic Office BuildingLocated in:Waltham, MAFirst MortgageRefinance$7,000,000Industrial BuildingLocated in:Haverhill, MAFirst Mortgage& MezzanineAcquisition Finance$14,000,000Office PortfolioLocated in:Plantation, FLFirst MortgageBridge Financing$13,000,000Office ComplexLocated in:Norwood, MATHE REAL REPORTER 2013 SUMMER REVIEWC&W, RBJ ORCHESTRATE DEALcontinued from page 34keen on being a landlord for a third party. The challenge was to find a tenantto make the idea viable for a caretaker owner such as Campanelli, afirm C&W a few years back had helped trade a nearby Granite State buildingfor and then developed a congenial business relationship. Ironically,Mercury Systems had years ago been in a Campanelli building, and Farrellysays that amicable experience further contributed to the comfort level.“It’s all about trust,” explains the veteran broker. “Everyone involved inthis deserves credit for being honest and trustworthy all the way through.”Farrelly had effusive praise for the performance of his RBJ colleagues,who were assisting the firm based across the Massachusettsborder in Chelmsford in finding expanded space, a chore that had astrict time limit and required specially designed facilities similar to thatwhich Vectron had created for its own purposes. “I knew that Brian andJohn would have their client’s best interest in mind, and that once theylooked under the hood (at 267 Lowell Rd.), they would realize this wasan ideal fit for them and would save them an incredible amount of timeand expense.”In Campanelli, Farrelly says he felt his client was getting a provenreal estate owner who would not disrupt the process and had the skillsets to enhance the structure. The Braintree-based firm also agreed tobuy Mercury’s existing facility, an unusual stipulation, admits Farrelly,but one Campanelli willingly did and is now listing for sale.Besides Vectron and Mercury, Farrelly says he believes the result isadvantageous to Campanelli and TriGate. “It’s a very unique opportunityto own a standalone tech building in one of the rapid growth areasof southern New Hampshire,” says Farrelly.◆First MortgageFirst MortgageTen Post Office Square Boston, MA 02109617.692.2997 | www.therealreporter.comRefinancing$14,000,000Industrial PortfolioLocated in:Charlotte, NCAcquisition Financing$3,500,000LandLocated in:Wayland, MAMANAGING EDITORJoe ClementsSENIOR WRITERMichael HobanTECHNOLOGYBrandon HensonPHOTOGRAPHERDerek SzaboFor More Information, Please Contact:Dick Ashworth617.965.0088dickashworth@ashworthmortgage.comSal Torre212-356-9265storre@estreich.comPRODUCTION DIRECTORBill SamatisADVERTISING EXECUTIVEDale O’ReillyPUBLISHERMichael WalshDATA DEVELOPMENTMitchell PhillipsILLUSTRATORWill Samatis617.965.0088VOLUME 5, NUMBER 19© 2013 The Real Reporter, LLC. All rights reserved. No part of thispublication may be reproduced without the written consent of the publisher.

THE REAL REPORTER 2013 SUMMER REVIEW 37continued from page 30Borrowers are spread across a wide swath ofbusinesses, from manufacturing companies torestaurants, hotels, and service and professionalentities. Hewett and his firm closed on a deal forthe 8 Dyer Hotel, a 13-room Bed and Breakfast inProvincetown. The regional CDC, Cape & IslandsCommunity Development Inc., provided$458,000 and $445,500 and $742,500 mortgagescame from Seamens Bank. WakefieldbasedNew England Certified Development Corp.arranged ($527,000 ) for the Rexhame GeneralStore in Marshfield (with mortgages of $509,600and $637,000 from South Coastal Bank) and fora flex building at 3 Thatcher Ln. in Warehamwhere the CDC provided a $630,000 mortgagewhile Rockland Trust Co. delivered $610,000 and$762,500. A retail property at 76-80 Colon St. inBeverly was backed by $534,000 from GraniteState and $520,000 and $650,000 fromProvident Bank. The seller is Eighty Colon StreetLLC and the buyer/borrower is 80 Colon StreetLLC, managed by Christopher J. Costello.Elizabeth Trifone is a loan officer with NewEngland CDC.Another active group is Granite StateDevelopment Corp., which utilizes in-house76-80 Colon St., Beverly MAcounsel for their transactions. While representativeswere not available for comment, publicrecords indicate they provided shipping companyKWL, Inc./Champagne Logistics a $1.77 millionmortgage for a 92,500-sf industrial building(sold by Campanelli) at 15 Liberty Way in theFranklin Industrial Park, with $1.73 million and$2.16 million mortgages from Avidia Bank.Granite State also delivered a $1.19 million mortgageto the owners of the Golden Cannoli ShellsCo. for a 24,550 sf industrial property in Chelsea,with First Trade Union Bank committing mortgagesof $1.15 million and $1.44 million. GraniteState loan officers active in the region includeBarbara Arena and Matthew Collins“I’m a firm believer that real economic activityoccurs because of the 504 program,” saysHewett. “(There are deals) that wouldn’t getdone because it’s either too much of a risk for thebank, or the borrower doesn’t have the 20-25percent down that the bank would require in aconventional deal.”MANAGING YOUOUR MOSTVALUABLE 35 SF ASSETSTS.INSTALLATION | MODERNIZATION | MAINTENENCE | INSPECTIONSThe Highest Standards In Vertical Transportation | 781.380.0932 | www.3phaseelevator.com

38THE REAL REPORTER 2013 SUMMER REVIEWMarcus & Millichap TeamsEnjoying Busy Slate in NE1075 Broadway, Saugus MASYNERGY INVESTMENTSWould Like To Announce The FullLease Up Of 51 Melcher StreetAnd Thank The Following BrokersFor Their Assistance:Richards Barry Joyce & Partners:Tom Ashe: Netsuite- 32,523 SFNAI Hunneman: Dan Collins:The Life is Good Company: 21,682 SFCB Richard Ellis:Ogden White & Peter Conlin:WeWork, Inc: 48,522 SFIn addition, a special thank you to ourleasing team of Kevin Kennedy and BillCrean from CBRE for their efforts inachieving 100% occupancy prior to thebuilding opening.100 Franklin Street, Suite 200Boston, Ma 02110 | 617.204.9506www.synergy-inv.comLAURIA ANN DRINKWATERSETH J. RICHARDMARK TAYLORDEAN ZANGBOSTON — Marcus & Millichap net-leasedspecialists Laurie Ann (L.A.) Drinkwater andTodd Tremblay are both—again—havingimpressive years trading product throughout NewEngland and beyond, as evidenced by the $9.1 millionDrinkwater and colleague Seth J. Richard deliveredin selling a new CVS here on Route 1 to beginthe season. Tremblay and Robert M. Horvath compriseanother high-flying Marcus duo comingstrong off a record season by compiling another 34closings through June 30th.This past week, Drinkwater and Tremblay gotword from corporate that they are among only ahalf-dozen brokers nationally promoted to VicePresidents by the California-based brokerage thattouts itself the country’s largest real estate investmentsales organizations thanks to an army ofagents in excess of 1,000.The two teams most active regionally cast awide swath again through mid-year. A Windham,ME, Lowe’s ($12.4 million), Rite Aid in Winchendonand Olive Garden in Taunton are among the openinghalf conclusions for Horvath and Tremblay,whereas Drinkwater and Richard tendered the $8.1million sale of a 101,000-sf Kohl’s in Seabrook, NH,also on Route 1. They are now marketing a 59,000sf retail plaza in Westfield and Union Square inSouthbury, CT, a 56,000-sf medical office and retailproperty.“With this promotion, these commercial realestate investment specialists have earned a prestigiousdesignation within the firm and solidified theirreputations as knowledgeable and successfulinvestment professionals,” Executive VP andManaging Director Gene A. Berman says in a presscontinued on page 64

THE REAL REPORTER 2013 SUMMER REVIEW 39$55M MathWorks BuyAdds Up Big for NatickEXPERIENCE I SOUR DIFFERENCESince 1985we've earned a reputation forquality commercial appraisalsand high standards inconsulting services.Superior Drive, Natick MANATICK — Garry R. Holmes was there 20 yearsago when The MathWorks filled its first squarefoot of real estate—a few thousand of them—and he was there again this spring advising the educationalsoftware firm on its $55 million purchase ofthe former Boston Scientific Corp. headquarters onSuperior Drive, an acquisiton that will put its communityfootprint above 1.1 million sf. The one-timeWILLIAM BAILEYbrewery hovering over Route 9 was made availablewhen Boston Scientific consolidated operations inMarlborough.“It was certainly a relief to the town,” Holmesrecounted recently of MathWorks stepping up tolessen the medical device giant’s departure whileagreeing to keep its current operations at Apple Hill.The sale was consummated in late March, with Jones GARRY R. HOLMESLang LaSalle Managing Director William Bailey advisingthe seller.Holmes is president of Wayland-based R.W.Holmes Realty Co., and the SIOR-designated professionalis now assisting his client as MathWorksreconfigures the site for its own purposes. The complexwill be modernized and enhanced with new systemsto improve sustainability. Efforts are underwayto create structured parking on the site.JACK O’NIELAs part of the upgrade, MathWorks has designated NationalDevelopment to advise on upgrading the sprawling campus that will ultimatelyhouse nearly 1,000 employees as part of a citywide total exceeding2,600. Jack O’Neil at National Development is handling the process, relaysHolmes. “It’s nice to have professionals like National helping us on the permitting,”he says of the firm that has its own active real estate pipeline.Reflecting on the blockbuster transaction, Holmes concurs that theMathWorks relationship has blossomed to unanticipated levels, helping thefirm develop the Apple Hill headquarters where more than 1,875 people areemployed and now participating in one of the largest corporate CRE tradesof 2013. “It has been fun to watch,” Holmes says. “You always hope to see(one’s client) grow by leaps and bounds, but it rarely happens that way.”Specializing in ComplexValuation Assignments for:LENDINGLITIGATIONCONDEMNATIONDISPUTE SETTLEMENTTAX PLANNINGAD VALOREM TAX + APPEALPARTIAL INTERESTSGENERAL CONSULTATIONTyburski Appraisal Corporation(617) 847.1750 EXT.11www.tyburskiappraisal.com

40THE REAL REPORTER 2013 SUMMER REVIEWArsenal on the Charles, Watertown MAFive and 15 Wayside Rd., Burlington MASUBURBAN SPREEcontinued from page 3urban settings so popular among a new generationof companies from life sciences to technologythat are catering to a young talent pool.Acknowledging this year’s suburban surgeis Robert E. Griffin Jr., Cushman & Wakefield’sNew England region President and head of theCapital Markets Group thatonce again outpaced itscompetition throughmidyear thanks mainly to aseries of listings fromAndover to Worcester,among them the $216 millionNEEP transfer, whichMICHAEL GREELEY proved to be the top tradefor New England throughJune 30th. A triumvirate ofAEW Capital, Charles RiverRealty Investors andFRANK NELSONNational Developmentteamed up for that purchasefrom Equity (seerelated story page 2).NEEP proved to be thevery imposing tip of an even bigger iceberg forC&W to open 2013. Although the team also ledby Vice-Chair Edward C. Maher Jr. and MatthewE. Pullen did have its share of major downtownand Cambridge conclusions through thehalfway juncture, the 20 deals finalized as ofJune 30th were concentrated beyond their citylimits, including popular inner suburban communitiessuch as Somerville, where C&W negotiatedthe $33.4 million purchase of 200 InnerBelt Rd. by North River, a New York-basedinvestor drawn to the four-story, 186,000-sfoffice building thanks to a four-acre developmentsite and potential upside in the existing12-year-old structure that was 82 percentleased when sold. Says Griffin: “200 Inner BeltRd.’s location allows the property to capitalizeon tenant migration to high-quality value alternatives,especially with laboratory and officeusers being priced out of neighboringCambridge.” Kendall Square is barely threemiles from North River’s new property. C&W’sclient in the May 30th exchange was Foulger-Pratt, an investment advisor that paid $13.4million for the property in Dec. 2005.Barely one week after 200 Inner Belt Rd.closed, C&W negotiated the $34 million swapof One Newton Place in Newton Corner toTaurus Investments from client TA AssociatesRealty, owner since paying $21.0 million in Dec.2004 for the 172,000-sf office/retail buildingthat also has structured parking. In a pressrelease, TA principal Jim Raisides relays that therobust capital climate made 2013 “a great time. . . to sell this exceptional asset,” while Griffincredits TA for its attentive stewardship of thebuilding, care that he says provided “a realopportunity for Taurus to purchase an assetwith strong tenancy in a thriving and establishedarea.” Newton Corner is the first exitsouthbound following the Allston toll plaza ofthe Massachusetts Turnpike Extension.C&W scored yet another substantial suburbansuccess when Campanelli paid $16.3 millionfor a pair of vacant office buildings in NorthQuincy. Totaling 356,000 sf, they were part of alarger campus filled by State Street Bank Corp.on a site overlooking the Neponset River.Heritage I and Heritage II will undergo anextensive renovation by the hands-on developerand investor (see related story page 22).Back in Burlington, C&W was exclusiveagent on the $69.3 million sale of 5 and 15Wayside Rd. to the Piedmont Group fromBehringer Harvard. The Texas-based seller thathas been refocusing regional attention on multifamilyinvestment over the past two years hadbought the Wayside Road properties for $82.2million in Dec. 2006 at the height of the lastCRE boom cycle. While below what the sellershelled out, the figure exceeded market projectionsfor the buildings that total 270,000 sf andwere at 95 percent occupancy upon closing.The C&W crew assisted Normandy RealEstate in its dispatch of a new medical officecontinued on page 41&*!+))!)))!)))&*!)))!)))!)))&0))!)))!)))&/))!)))!)))&-))!)))!)))&+))!)))!)))&,))"))&+.)"))&+))"))&*.)"))&*))"))&.)"))&#BOSTON MSA OFFICE STATS&#*$*+ *$*, +$*+ +$*,$" '% #!*$*+ +$*+ *$*, +$*,"--0+,$97 (41:2, )") T /*3., E 4- #7458 &49*1 '3098 ;. D?%6-9$IBIJ D I=IHH=LIQ=KLJ @ JJ K=HLL=PMJ D JOO>PM$JBIJ D LKM=QOJ=MHH @ IK J=KQH=MJQ D JPJ>QQ$IBIK D NPL=QJM=JHH@KPT IP J=QOO=JJQ D IPO>LJ$JBIK D PQP=PJP=NNMIHNT JO L=LON=QQO D IQJ>HJA * Price #70+, per 5,7 Unit/SqFt '309?%6!9 calculations +*1+:1*90438 *7, are rolling 741103. quaterly 6:*9,71< averages *;,7*.,8© 2013 Data courtesy of real capital analytics

THE REAL REPORTER 2013 SUMMER REVIEW 41SUBURBAN SPREEcontinued from page 40building in Concord, as Cole REIT of Arizonapaid $24.3 million for the 50,000-sf propertythat is fully occupied by Harvard Vanguard on along-term commitment. The assignment wastackled by the Capital Markets team with guidancefrom Michael Greeley and Frank Nelson ofthe Academic and Medical Practice Group,according to Pullen, who told the Real Reporterwhen 330 Baker Ave. changed hands that thepair is “very unique in what they do, and canmake a big difference” delivering maximumvalue for a property in those special categories.In reviewing the opening two quarters,Griffin concurs that it has been hectic andshows little sign of slowing. “We’ve done a lotof deals and (handled) many different types ofproduct,” he tells the Real Reporter in relayingCapital Markets Group staffers are working onvarious assignments, some coming to a conclusionand others just now heading to the street.Barring a global financial meltdown or interestrates surge, the rest of the year could proveeven more productive than the opening half,according to Griffin, with suburban listingscropping up on a regular basis despite being inthe normally languid midsummer season.While C&W had its hands in an incrediblenumber of suburban swaps, the contingent certainlyhas not been alone taking on and completinglarge, complex listings through midyear.A deal that got national attention occurred inFebruary when Harvard University divested its11-building, 760,000-sf Watertown campus onArsenal Street, selling it to anchor tenantathenahealth, a rapidly growing technologyfirm that retained Avison Young two years earlierto assess its space options as the firm continuesto burst at theseams in the 135,000sf it was occupying atthe Arsenal on theCharles. Principal SteveCook of Avison Young’sBoston operation wasjoined by SuzanneMartinez from Chicagoas counselors representingthe tenant onthe pact. “We weredelighted Harvard wasamenable to selling theasset to athenahealth,as both parties willtruly benefit from thislandmark transaction,”Waltham Place, Waltham MACook said in a release after the deal was consummated,and adds he is impressed how ingrowing to a global powerhouse sporting ninelocations worldwide, “athenahealth has beenable to maintain its vibrant company culture.Furthermore, athenahealth puts a high priorityon its employees, sustainability and doing theright thing,” with the 29-acre, tree-shroudedWatertown campus considered a benefit untoitself. It is also a savvy financial play, outlinesMartinez in the release. “Without question,options, notes Cook.Elsewhere in the suburbs, investors areshowing renewed confidence in Route 128’slongtime centerpiece,Waltham, as several officeproperties either changed hands or were put onthe market during the first half of 2013. Themost noteworthy still in play would be theWaltham Innovation Center being offered upthrough Cassidy Turley’s Capital Markets Groupled by Senior VP Brian R. Doherty and SeniorManaging Director David J. Pergola on behalf oflong-term ownership is a financial home run owner/occupant Adobe. The 107,000-sfwhen compared with a long-term lease, particularlygiven athenahealth’s continuous expansionrequirements.”The approach is in line with advice frommany CRE experts who are concerned changesto how leases are treated at the accountinglevel could make ownership more favorable.Whether that was in the athenahealth mindsetis unclear, but Avison Young did provide adetailed cost-benefit analysis weighing variousPlatinum LEED structure at 21 Hickory Dr. offersnot only state-of-the-art space, but also visibilityfrom its perch overlooking Route 128 South,according to marketing materials that also promotean efficient layout and plentiful parking.While Cassidy Turley has not responded toinquires on where that sale might be in thepipeline, investors have already scooped upother Waltham offerings, enthused by strongercontinued on page 42One Newton Pl., Newton MATotten Pond Office Park, Waltham MA

42SUBURBAN SPREEcontinued from page 41fundamentals as evidenced in midyear CassidyTurley figures showing the city’s office inventoryof 9.4 million sf enjoyed 322,000 sf of positivenet absorption through June 30th, droppingthe vacancy rate from 18.8 percent to 15.1percent. Waltham also has the top asking rentalrates in suburban Boston, with Cassidy Turleypegging the Class A average at $33 per sf.Closer to downtown Waltham, a 23.5-acrecomplex occupied for decades by RaytheonCorp. brought $68 million to Trammell Crow Co.The Texas firm cashed out on a project itacquired in Dec. 2007 for $37.5 million in partnershipwith the Saracen Cos followingRaytheon’s relocation. The buyer in the Marchtransfer is CenterPoint Acquisitions, managedby Rubenstein Partners, a Philadelphia firmwhich is being joined by Saracen in a bid toboost occupancy at the park of 500,000 sf, withthe rate at the time of sale estimated in the 40percent range. The buildings are located at 43Foundry Ave., 41 Seyon St. and 190 Willow St.and the park is branded as CenterPoint.As part of another banner campaign providingboth financing and investment salesthroughout the region, Holliday Fenoglio Fowlerhelped John Hancock Financial Services moveSTATS ‘13OFFICEWaltham Place in amid-May conclusionthat delivered $34.5million. The 201,000 sfat 266 and 275Second Ave. was purchasedby RockwoodCapital, a SanFrancisco-basedinvestor active inGreater Boston.Sovereign Bank earlierthis month loaned$26.0 million on thepark. The HFF teamcharged with sellingWaltham Place includedJohn Fowler,200 Inner Belt Rd., Somerville MAColeman Benedict and Benjamin Sayles.C&W got to Waltham as well, in March helpingEquus Capital Partners trade the 293,000-sfTotten Pond Office Park to TA Associates Realty.The $47 million trade topped early projectionsfrom market observers, although it was neverpitched with an asking price. Until this yearknown as BPG Properties Ltd., Equus hadowned 400-1, 400-2 and 460-3 Totten Pond Rd.since paying $45.1 million in Aug. 2006. Griffin,Maher and Pullen oversaw the most recent dealfor a park that dates to 1970 but underwent amulti-pronged capital improvements initiative✪ TOP GUNS Q1 + Q2BUYER CAPITAL GROUP ACQ. AMT. (IN $M) # PROPERTIES1 AEW Capital Mgmt Institutional 215.9 12 Charles River Realty Group, LLC Private 215.9 13 Hines Institutional 197.3 14 Norges Bank Invt Mgmt Institutional 189.6 15 Athenahealth User/Other 168.5 16 TIAA-CREF Institutional 110.0 17 Piedmont REIT Public 69.5 18 Beacon Capital Partners Equity Fund 62.0 19 Synergy RE Services Private 53.9 310 TA Realty Institutional 47.0 111 Taurus Invt Holdings Private 34.0 112 Artemis RE Partners Private 31.3 113 WP Carey (REIT) Public 25.8 114 Foxrock Properties Private 24.5 215 Cole RE Investments Private 24.4 116 Deutsche Asset/Wealth Mgmt Institutional 21.0 117 DivcoWest Properties Equity Fund 19.0 218 Albany Road RE Partners Private 17.2 119 Campanelli Cos Private 16.3 120 TriGate Capital Equity Fund 16.3 121 Marcus Partners Institutional 14.5 122 FAL Holdings Private 14.5 123 Laub Realty Private 12.6 124 L&B Realty Advisors Institutional 8.1 125 Urban Capital Partners Private 8.1 1THE REAL REPORTER 2013 SUMMER REVIEWduring the Equus ownership.Albeit a bit more modest, one intriguingWaltham deal brokered by NAI/HunnemanCommercial Co. delivered $5,400,000 in Aprilto Koda Ventures LLC, an entity whose managerTimothy Chamberlain had paid $4,500,000in Nov. 2010 for the 41,125-sf office building at159 Overland Rd. That was well above the$500,000 brought in its prior exchange whenUptiq LLC manager Hassan Yazdi—whose firmSource Code now occupies the building—resolved a sticky situation for then-owner CITLending, a business lender that had paid $5.74million in June 2007 for the building as part ofa plan to enter real estate investment beforerunning into financial problems and beingforced into a discounted sale.That situation had contributed to an alreadycheckered past for 159 Overland Rd., whichwas built in 1988 for First Guaranty Bank, aninstitution that later went out of business.Thesedays, however, things are looking a lot sunnierfor the real estate, according to NAI/Hunnemanprincipal Douglas Jacoby, a member of theinvestment sales team that brokered the Aprilsale. Besides being fully leased through June2022 to Yazdi’s technology firm, Source Code,159 Overland Rd. is benefitting from a majorretail center anchored by Market Basket underconstruction next door. An old railroad bedbetween the two sites is being recast from amorass of brambles and overgrowth into anature trail, outlines Jacoby, and the clearinggives 159 Overland Rd. sightlines to Route 128.“It has a whole different feel to it,” says Jacoby,joined in brokering the sale by Scott Dragos,Mitchell Levey and Sean Ryan. The buyer is anaffiliate of ABC Commercial Properties ofWareham who was backed by a $3.79 millionloan from Northway Bank.◆

THE REAL REPORTER 2013 SUMMER REVIEW 43NEEP SALEcontinued from page 3“irreplaceable” given its flat topography,visibility overlooking Route128 at the critical juncture of Route3 and having access to the park viathe master-planned Mall Road,upon which sits both the worldrenownedLahey Clinic and—moreimportant to the buyers from a realestate standpoint—the BurlingtonMall, a massive shopping centerthat Kavoogian says should enableNEEP to attract its own lineup ofrestaurant and retail tenants to furtherenhance its Live/Work/Playelements. “No other park in Greater Boston hasthe ability to support a pedestrian-friendly,mixed-use environment that we feel we cancreate here,” says Kavoogian. A more formalplan will be revealed soon, but already the tentpoles of a “new NEEP”platform are in place. Theyinclude a stand-alone fitnesscenter as large as50,000 sf, tens of thousandsof square feet ofretail, a hotel and build-tosuitthat can be as big asBRYAN J. CLANCY 225,000 sf.Seller Equity Office hadalready undertaken a campaignto stabilize and livenup the park under guidancefrom the Jones LangLaSalle leasing team workingwith Equity’s VickiKeenan. Among otherMARK G. FORCHIELLI things, zoning changeswere made to create aANDREW J. GALLINAROPlanned DevelopmentDistrict that allows for theamenities NEEPs new ownershave in mind.The initial result of thatendeavor are two restaurantscoming to the park,including Tuscan Kitchen,an upscale restaurant at 24 New EnglandExecutive Park that Kavoogian says is especiallynoteworthy. “Equity did a great job with thepark, and we intend to complete their vision,”says Kavoogian. Tuscan Kitchen will occupyapproximately 14,000 sf and have seating for543 diners.The seasoned partners who bought NEEPhave assembled a dream team to bring theirEight New England Executive Park, Burlington MAstrategy to fruition. Two top-flight architecturalfirms that have designed some of NewEngland’s biggest corporate properties are onboard, with Elkus/Manfredi engaged to formulatethe master plan while Margulies Perruzziis helping the owners “re-envision” the existingbuildings with an intention of upgradingthe structures, save for 3 New EnglandExecutive Park, which Kavoogian indicates maybe demolished, perhaps replaced bythe hotel or fitness center, althoughhe stresses no concrete decisionshave been finalized. The partnershipis not fooling around aestheticallyeither, retaining acclaimed landscapearchitect Carol Johnson & Associatesto revamp the grounds and give NEEPboth form and function as a pedestrianhaven.The hope is to have a conceptready to present by the autumn,Kavoogian explains, with an intentionto deliver a multi-faceted, 21st centuryenvironment that can satisfy virtuallyevery purpose of their tenantswhile tying in seamlessly with NEEP’swell-known neighbors. Thanks toEquity’s leasing program, Kavoogian says thereis sufficient cash flow in place to support agradual overhaul of the spaces as they free up,and to work with the community and local officialson NEEP’s improvements. “It’s a stunningproperty, and we intend to build on that,” saysKavoogian.Other prominent real estate names, includingthe Davis Cos., took a hard run at NEEP,with Cushman & Wakefield of New EnglandPresident Robert E. Griffin Jr. terming the bidding“a dogfight” that also involved majornational developers and investors that hedeclined to identify. The partnership may notROBERT C. KIRSCHNEREDWARD L. MARSTEINER IIhave always been certain whether they wouldwin the day, and Kavoogian acknowledges theirselection was cause for celebration. “We’ve hadour eyes on this site for years,” he says. “It’s aspecial property in every way, and we are trulyexcited to have (prevailed) . . . This is right upour alley with what we like to do.” Members ofthe investment team from CRRI and NatDevinclude Thomas M. Alperin, Bryan J. Clancy,Andrew J. Gallinaro, Robert C.Kirschner and Edward L. Marsteiner II.In some respects, the concept inmind at NEEP sounds similar toMetroNorth Corporate Center in abuttingWoburn, a 1.3-million-sf, mixedusepark the developers carved out ofan infamous Superfund site thatsparked the movie ‘A Civil Action.’MetroNorth has won awards for itssustainability, and features the sameuses as planned for NEEP, including ahotel, three-story Boston Sports Clubfitness center and a shopping centerthat CRRI and NatDev separately soldearlier in May for $12.1 million toRealty Income Properties.As to the NEEP holding,Kavoogian says issues of branding or othermatters are still undetermined, with the goalright now to communicate with the park’s tenantsand assess the physical plant whilepreparing the future overhaul. To Kavoogian,however, the groundwork for its longevity is thesite itself, praising initial developers Charles“Hank” Spaulding and George E. Slye for recognizingthe beauty of a flat site alongsidewhat was about to become America’sTechnology Highway. “We always say the folkswho developed in the 1970’s and 1980s got allthe best sites,” he says. “It is absolutely irreplaceable.”◆

44DOWNTOWN SALEScontinued from page 4between opening and second round pricingbefore TIAA-CREF wrestled 40 Broad St. awayin a conquest said to have equated to a capitalizationrate in the thin 4.6 percent range.“Some people figured out where it was going,”Petz says in explaining the bidding surgebetween rounds.JLL advised PearlmarkReal Estate Partners intrading a building that lastchanged hands for $50.0million in Feb. 2006. Petzcredits astute stewardshipand improvements to thePETER NORDBLOMphysical plant for 40 BroadSt.’s dramatic jump invalue, and praises JLL for creating a united frontof capital markets, leasing and other disciplinesto peg the structure’s worth and help suitorsget a grip on the rapidly evolving Hub officemarket. Leasing input was led by Kelly Lockbergand Brad McGill, with the Capital Markets teamfeaturing Petz joined by Jessica Hughes andMatthew Sherry.Eleven Beacon St. proved that listing assetsin Boston’s core means an inevitable interactionwith Synergy Investments, the savvy 10-year-old50 Congress St., Boston MA11 Beacon St., Boston MAfirm based at 100 Franklin St. whose founderDavid Greaney has anchored his portfolio in thedowntown. Although Petz declined to identifyprospects, Synergy supposedly also took a hardlook at 40 Broad St., andwas among those kickingthe tires at other primedowntown assets, including50 Congress St.,acquired this month by KBSRealty Advisors for $51 million,a transaction brokeredROBERT BORDEN by Holliday FenoglioFowler’s Coleman Benedict and MarkCampbell.Another closely watched Financial Districtsale was that of 45 Milk St., a boutique officeproperty that fetched $21.0 in May byrevamped RREEF despite being 90 percentempty. That disastrous turn came after sellingfor a remarkable $485 per sf—$34.0 million—in June 2007, with the demise blamed on arepositioning plan needing the space to beempty in a property beloved by small- and midsizedtenants for years. Having at times hitClass A rents, the nine-story, Beaux Arts property“is one of the nicest B buildings in Boston,”says one downtown broker who predicts a swiftturnaround through Deutsche Asset & WealthManagement, f/k/a RREEF.While JLL did the most individual deals inthe Financial District, and is presently exclusiveagent for One Washington St. at GovernmentCenter, the operation was hardly alone in grabbinga piece of the CBD action, with some dealsresolved and others still in play through July.THE REAL REPORTER 2013 SUMMER REVIEWThe most prominent not yet across the finishline might be 99 Summer St., a 20-story, redroofedtower near South Station that therealreporter.comrelayed on July 22nd is under agreementto Cornerstone Real Estate Advisers at aprice rivaling 40 Broad St.’s figure for top spotof 2013. The difference could be razor thin,according to observers tracking that situation.Meanwhile, a partnership of the Beal Cos.and Related Cos. has supposedly emerged aswinning bidders of Fidelity Investments’ longtimeheadquarters near Congress and StateStreets. That 350,000-sf portfolio in four buildingsis anticipated to be yielding more than $90million. CBRE/NE is exclusive agent advisingFidelity, but officials there declined to discussthe status.Eastdil negotiated the 45 Milk St. trade,which members of the Capital Markets teamacknowledge, but offered nothing more, as percompany policy. Brian Barnett, Peter Joseph,Sarah Lagosh, James McCaffrey andChristopher Phaneuf comprise the Bostonoffice. The division has had a diverse 2013, withhighlights including the blockbuster $250 millionsale of the Park Plaza Hotel (see story page16) and two under water malls in Leominsterand Taunton that reaped $58.2 million betweenthe separate sales, which were part of an eightpropertyREO package Eastdil was retained tocontinued on page 45One Liberty Sq., Boston MA

THE REAL REPORTER 2013 SUMMER REVIEW 45DOWNTOWN SALEScontinued from page 44KELLY LOCKBERGBRAD MCGILLprocess. And if the 99 Summer St. deal is not abig enough chestnut, Eastdil is negotiating abookend deal of sorts, advising an institutionalclient in its unrelated sale of Burlington Centrein its namesake suburban community on Route128 where the Davis Cos. and PrincipalFinancial are taking on the value added opportunityat a price said to also be in the $110 millionsphere.HFF appeared on time and within the budgetedprice anticipated when 50 Congress St.was listed in early spring by the Nordblom family,an iconic real estateclan whose ownership inthe asset stretched backdecades. Taking up anentire city block, the 10-story, 180,000-sf buildingattracted a host of seasonedinvestors, accordingto sources tracking theaction that was resolved ata quick pace given thenumber of tours and intricaciesof the multi-facetedbuilding.”We are excited tohave acquired this beautifullymaintained building,”KBS Capital Senior VP ShepWainwright said in a pressrelease after the trade that was first revealed bytherealreporter.com on July 10th and closed onJuly 12th. High ceilings and “exceptional” naturallighting “make this a unique and desirablebuilding in an excellent location,” addsWainwright. In a press release issued after thesale, Nordblom Co. President Peter Nordblomoutlined that, “For more than 60 years,Nordblom Company has been affiliated with 50Congress Street through ownership and managementof the property,” and adding that,“We are particularly delighted with the communityof companies within the building andpleased to be selling to such a quality operator,”adds Peter Nordblom.As that deal suggests, investors have beeneager to buy downtown, especially in the wakeof the district’s resurgence over the past 18months, and there are a few morsels available,among the largest One Liberty Sq., a 13-story,157,000-sf office building being pitched throughCushman & Wakefield at pricing said to be in the$50 million range. C&W of New England45 Milk St., Boston MAPresident Robert E. Griffin Jr.tells the Real Reporter thisweek that domestic and foreignbuyers are both in the mixfor the “jewel-box building”which takes up an entire cityblock and is home to a highendroster of tenants. Griffinwould not identify the partiesinvolved, but confirms that“well over” a dozen offershave been submitted as theprocess nears a conclusion.“The downtown is very hotright now, with good reason,”says Griffin. “Things are notselling any faster or any slower,but it is extremely competitiveand you have to be a serious(bidder) if you are going to”outpace other investors.Initial estimates were thatOne Liberty Sq. could exceedthe $50 million thresholdindustry estimates had put thepricing at originally. “It’s goingvery well,” Griffin says,deflecting any questions onprice or whether those reportsare accurate.◆One Washington St., Boston MAFEEDBACK TO: EDITOR@THEREALREPORTER.COM

46SUBURBAN RECORDScontinued from page 4Fowler’s Boston operation. For Hines, it was amatter of winning a desired asset, explainsPerry, terming Riverside Center “a pretty specialpiece of property” worthy of the commitment.“The location is fantastic in being at Route128 and right at the MBTA (Riverside GreenLine stop),” Perry conveys, noting the trolley lineprovides runs into Boston all the way to NorthStation. “Not many suburban office parks haveaccess to public transit,” Perry says in agreeingthat was a significant aspect of the property’sselling point, as were 1,500 vehicular spaces toservice the normal suburban commuter.Occupancy above 90 percent consistently andan efficient, modern layout were other reasonsthe property passed an exacting muster fromHines.Texas-based Hines is certainly used to winningat the upper reaches, last year paying $57million for 250 Royall St. in Canton, a 185,000-sf first-class building on Route 128 whose tenantis solid-credit firmComputershare. That cameone month before dolingout $103 million inSeptember 2011 to thwartanother wide field of topflightbidders on what isnow branded the CampusJOHN FOWLERCOLEMAN BENEDICTBENJAMIN SAYLESat Marlborough. Totaling532,000 sf at Exit 23C ofInterstate 495, the threebuildingsite that was originallythe custom-built corporateheadquarters for3Com Corp. was bought byHines Global in 2011 soonafter the fund now fouryears old was launched.The REIT also possesses anemerging penchant formultifamily, says Perry, primarilyin core markets suchas Cambridge.As detailed in theopening Midyear Specialstory on page two, suburbanBoston was the site ofseveral mega-deals for office buildings in thefirst half of 2013, a mania created by a lack ofdowntown Boston and Cambridge opportunities,continued low interest rates and a resilientregional economy that has capital embracingboth core and value-add deals.Real estate fixture Jonathan G. Davis and1100 Crown Colony Office Park, Quincy MAhis Davis Cos. continue to pursue deals inBoston, but was not on the dance card whenthe downtown assets courted most were undercontract. The company’s namesake acknowledgeshis firm was a contestant for both 50Congress St. and the Fidelity Investments headquartersthat stirred considerable demand thisspring before the former was bought by KBSRealty Advisors. The Beal Cos. and Related Cos.have the Fidelity buildings in tow (see mainstory, page four).We are finding pricesvery high in Boston“”JONATHAN G. DAVISDavis Cos.“Locally, we have found it tough,” accedesDavis. “We are finding prices very high inBoston.” A big promoter of the city, Davisnonetheless says his firm’s foundation seekinghigher returns in complicated scenarios makesaccepting excruciatingly depressed capitalizationrates difficult to swallow. Fortunately, thefirm is built to travel, and adroit landing dealsvia both debt and equity routes. First half outcomesinclude the purchase of a note on aBoston hotel, and Davis Cos. has teamed upwith Trinity Financial on a 207-unit, multifamilyproject in Stamford, CT, a market-rate venture.Another multifamily project for 307 units isbeing developed in southern Florida, and Davisalso has ventures underway in Texas deals andjust bought a 100,000-sf office building in NewTHE REAL REPORTER 2013 SUMMER REVIEWJersey with an 8 percent occupancy and submarketaverage rate above 90 percent. “We feelgood about that,” Davis says of the fundamentalsand ability to get ahead of an opportunity.In the case of Burlington, where Davis Cos.made one of the first recovery plays in June2010 at 1 and 3 Burlington Woods Dr., he saysthe continued ramp up in rents is happening forfundamental reasons, including an interestingshift. “CEO’s used to drive the location,” Davisobserves. “Now it is the employees who aremaking the decisions, especially the skilledtechnical workers who are hard to find.”That could, in a macro sense, be the driverbehind Burlington-mania, which suddenly hasperennial suburban anchor Waltham on thedefensive and scrambling to provide amenityrich aspects giving its northern rival a reputationas Live/Work/Play central outside ofBoston. Whatever the ingredients, capital ispouring in from around the corner and acrossthe globe, and sometimes a combination. Thatis evident at Burlington Centre, which as therealreporter.comfirst relayed last week is tied upby none other than Davis and PrincipalFinancial of Iowa at a price tag estimated in the$110 million range. Longtime owner Multi-Employer Property Trust has hired EastdilSecured as exclusive agent for the park thatdates to 1990 and was bought for $21.3 millionby MEPT in 1991. The buildings at 10, 20,30 and 35 Corporate Dr. were erected between1990 and 2009.Restricted from discussing any transactionsin process, Davis could not confirm that pendingdeal encompassing four buildings and490,000 sf at the juncture of Route 3.The firm’scontinued on page 47

THE REAL REPORTER 2013 SUMMER REVIEW 47SUBURBAN RECORDScontinued from page 46founder is already familiar with the community,having stepped up at a foreclosure auction inMay 2010 as the rebound was just taking holdto buy controlling interest in 1 and 3 BurlingtonWoods Dr., a 116,000-sf office park right onRoute 128 that the Davis Cos. firm buffed upand engineered into a $54.0 million sale lastSeptember. Intriguingly, new owner ColonyRealty Partners this summer hired Cushman &Wakefield to flip the buildings in light of theexuberant clamor for office buildings in thatstretch.Whether he indeed could go back again isone thing, but Davis says he has no appetite foranother run at 1 and 3 Burlington Woods Dr.,even in opining that the strategy may be a prudentone by the astute Colony contingent thatwas also active in 2013. Says Davis, “I thinkthere will be people who will see what is happeningin Burlington today and be content witha 97 percent leased building in a dynamic location.”Davis stresses his company still viewsWaltham as a suburban powerhouse that isquickly filling in any shortcomings, but accedesthe new generation of suburban talent has ayen for Burlington, which posted 292,000 sf ofpositive net absorption since mid-year 2011,according to Richards Barry Joyce & Partners.The officeSTATus report pegs Burlington’s averageasking rent there now at $26.80 per sf andrelays that the office vacancy rate for 6.2 millionsf is now in single digits at 9.6 percent.Burlington Centre office park, Burlington MA25 Mall Rd., Burlington MAAccording to RBJ research chief BrendanCarroll, it is the first time since 2001 thatBurlington’s vacancy has been under 10 percent.The Davis Cos. penchant for yield kept thefirm away from core prospects at RiversideCenter and 25 Mall Rd. in Burlington, accordingto Davis, who “took a hard run” at NewEngland Executive Park when it came availablethis year. The older property that brought $216million in June for seller Equity Office has“loads” of upside, according to Davis, andobservers say Burlington Centre is also wellpositionedfor the future. Eastdil Secured is brokeron the deal; Capital Markets members didnot return phone calls by press deadline.The 25 Mall Rd. building is a Class A propertyat the location of Route 3A and the masterplannedBurlington Mall Road. As therealreporter.compreviously unveiled, TA AssociatesRealty of Boston has been tabbed as winningbidder for the 277,000-sf building that isexpected to reap nearly $77 million, or approximately$270 per sf. C&W is negotiating the 25Mall Rd. exchange. TA is another seasonedinvestor with interests in the region, and also inthe first half divested One Newton Pl. inNewton Corner for $34.0 million in June.For the HFF Capital Markets Group, RiversideCenter did garner plenty of attention nationallygiven the parties involved and the final result,but the firm was not restricted to one mega-dealin the opening half, as evidenced in anotherprime sale completed in mid-June when W.P.Carey Inc. paid $25.5 million in an all-cash buyof 1100 Crown Colony Dr. in Quincy. The133,000-sf property is net leased to ArbellaInsurance for another 14 years, and marketobservers say that pact and solid upkeep of thebuilding led W.P. Carey to commit to a propertyeven in paying a relatively thin capitalizationrate in the 6 percent range. “There is a lot tolike” about the asset, maintains one brokerfamiliar with Crown Colony Office Park wherethe building is located. Calls to HFF were notreturned, but marketing materials indicate theprofessionals leading that assignment wereBenedict and Campbell working with DirectorBenjamin Sayles. The client was Digital CapitalRealty Trust of Denver, owner since paying $19.2million in July 2010.◆

48CRE FINANCINGcontinued from page 6made its presence felt in the region, originating$30 million in CMBS loans in suburban markets,including $19 million for a MarriottCourtyard in Marlborough.Life companies, on the other hand, areresponsible for financing some of the Bay State’sbiggest deals.Among the more prominent transactionsthrough June 30th were NorthwesternMutual Life Insurance Co. providing two mortgages($139.5 million and $52.2 million) toSamuels & Associates for the developer’s ambitious600,000 sf mixed use project at 1325Boylston near Fenway Park; Connecticut GeneralLife Insurance Co.’s $28 million mortgage forForest City’s project at 26 Lansdowne St. inCambridge; Allianz Life Insurance Co. of NorthAmerica granting MIT an $82 million mortgagefor their project at 634 Memorial Dr; New YorkLife Insurance Co. providing Cabot Properties$53.9 million for their industrial property at 13Centennial Dr. in Peabody; and MassachusettsMutual Life Insurance Co. delivering a $15.8million mortgage for 53 Third Ave in Burlingtonto owner Nordblom Co.The big banks have made their presence feltas well, with Bank of America providingover $180 million in mortgages,including $43.0 million to PembrokeReal Estate Inc. for 237-255 State St.,Boston and $41.6 to Saxon Partnersfor the Colony Place lifestyle center inPlymouth; JPMorgan Chase Bank providingover $125 million in mortgages,DARRYL FESSJAMES RIZZOincluding $90 million for industrialprojects at 2 and 24 Nemco Way, Ayer;and 11 Harvest Ln., Southborough forEquity Industrial Properties; PNC Bankoriginated four mortgages for morethan $110 million, including a $60mortgage for the Boston Marriott inNewton owned by ChesapeakeLodging Trust; Sovereign Bank passedthe $100 million mark with $47.2 millionto finance a Hines apartment project at 36River St. in Waltham. People’s United Bank is inthe $150 million sphere for the year.The change in treasuries is also affecting thesmaller banks, who are adjusting by cappingterms at seven years and in some cases, cuttingthe length to just five years. “The gap betweenseven-year treasuries and 10 is 50-75 basispoints, so if you’re willing to shave three years ofterm, you can regain almost half a point or morein rate exposure, and you can claw your way backto where we were two months ago,” reports111 Speen St., Framingham MABlack. “On the smaller end, we’re starting to seesome of the more local and quasi mutual bankspull back on the 10-year money because they’renot winning deals lately and the cost of lendinghas moved so much in the past 60 days. Soyou’re starting to see the seven-years as theirmax term.”Many of the regional and local banks arereporting that the first half of the year has beensolid, with a diversified CRE loan portfolio that isless weighted toward multifamily thanprevious years. And the competition fordeals for quality assets across the boardhas become fierce, according toNicholas K. Moise, Eastern Bank’s SVPof Commercial Real Estate. “We’recompeting with larger and smallerbanks (Eastern has assets of $8.5 billion).Most good deals we’re looking attoday have double-digit term sheets, somost good deals will have 10 or moreother institutions, whether it be banksor life companies or even conduits(competing).”Eastern has originated approximately$250 million in CRE loans sofar in 2013, a 10 percent increase overthe first six months of 2012. High profiledeals include the $34 million mortgage forTaurus Investments purchase of office/retailproperty at One Newton Pl. (in Newton) and a$23 million mortgage (of a $34 million pricetag) to Synergy Investments for 11 Beacon St. inBoston acquired in early 2013 from DivcoWest.Brookline Bank’s Darryl Fess, who heads upthe commercial lending group, says his institutionhas “$150 million out the door with minimalconstruction loans” in the first six months of2013, and that he expects to do “about $300million this year.” Brookline Bank enhanced itsTHE REAL REPORTER 2013 SUMMER REVIEWability to do larger loans in recent years whenthey acquired Ipswich First (2010) and BankRhode Island (2011) and expanded their loancapacity to $35 million. “We’d love to say wewere doing a lot of multi-family, but earlier in theyear we lost a lot of it in this incredibly low-rateenvironment to Fannie, Freddie and the life insurancecompanies as a lot of it was refinanced out,but we replaced (those dollars) with more officeand industrial,” explains Fess. Brookline Bankprovided $18 million to Cargo Ventures to refinance440-480 McLellan Highway, a modernoffice and warehouse facility near the airport;and a $15 million refinancing for a five-propertyoffice portfolio in Needham and Newton as wellas $3.0 million in financing for a 225,000-sfindustrial facility that went to the Grossman Cos.for $7 million.Rockland Trust Co., which financed a pair ofhigh profile deals on Back Bay’s Boylston Streetlast fall, is also off to a brisk start, with a slew offinancings in the Bay State running from $2 millionto $7 million, plus 50 percent of the financingfor Foxrock’s $10.5 million buy of WeymouthWoods Corporate Center. The lender also delivereda $10.5 million mortgage for a flex buildingin West Bridgewater for CDF Corp., and a numberof hospitality oriented deals in Rhode Island.“The macro story is that loan demand in the firsthalf of the year has been steady, and the competitionhas definitely heated up,” conveys JamesRizzo, Senior VP and regional lending manager ofcommercial banking at Rockland Trust. “But wecontinued to be very selective and maintain thesame credit posture that we’ve had over the lastfive years.” Rizzo was alluding to whispers by anumber of lenders that a small number of mutualbanks and credit unions are “becoming very,very aggressive in terms of structure and in priccontinuedon page 49

THE REAL REPORTER 2013 SUMMER REVIEW 49CRE FINANCINGcontinued from page 48ing,” a sentiment echoed by a number of sources.And although the numbers for the bank aredown slightly, ($253 million for first half of 2012to $215 million for 2013), Rizzo says the institutionhas “a very strong backlog of approveddeals. Things that are actually going to happen.”Michael Lindgren, VP of Commercial RealEstate at Cambridge Savings Bank, reports thatwhile year-to-date numbers are also down,(about 40 percent of last year’s six-month figures),the pipeline looksvery strong across theboard. “We’ve committed alot, now we’re closing themand the pipeline for precommittingis very strong,”says Lindgren. “I think theDICK SCHRADERreal change is that there’s alot more acquisition activityand we’re getting our fair share of that from ourcore clients.” One of those clients is the veryactive Marcus Partners, with whom CSB has donethree deals in the last 18 months, including the$10.4 million mortgage for 111 Speen St. inFramingham, the 110,000-sf Class A office buildingacquired this spring by the Boston-basedinvestment group led by CEO Paul Marcus. Thelender also provided a $14 million mortgage forthe Comfort Inn at Bell Circle in Revere owned bySaunders Hotel Group (see story, hotel section),and upcoming deals includea healthy dose of “twothree-familyproperties incore markets likeFRIEND S. WEILECambridge, Belmont,Somerville,” says Lindgren.Avidia Bank Senior VPDick Schrader reports an 8.1percent increase in thelenders’ commercial real estate lending portfoliosince the close of 2012 to $267 million throughmid-year for the Hudson-based bank. “We attribute(our growth) to just having really goodlenders doing a good job,” says Schrader. “Webuild on our existing base by leveraging existingcustomers who give us quality referrals.”Just south of the border in Westerly, RI, JuliaAnn Slom, Senior VP of Commercial Real Estatefor Washington Trust Co., conveys that the bankdid volume of about $100 million in CRE transactionsin the first six months (including some constructionloans). “We did a lot of office, someretail and industrial, and a couple of nice medicaloffice transactions,” Slom conveys. “And it’s welldiversified between our three primary markets,Two Oliver St., Boston MARhode Island, Connecticut and Mass.” In additionto their RI transactions (see related articlethis section), Washington Trust provided a $6.5million loan to Timberlake Holdings Co. for therefinancing of undeveloped land with approvalsfor 385 residential units at Oxford Greens, anactive adult community located in Oxford, CT,and participated with TD Bank in the $20 millionfinancing of 4 Liberty Sq. and the $52 million✪ TOP GUNS Q1 + Q2acquisition of 2 Oliver St. with Webster Bank,both for landlord Synergy Investments. All banksstress convenience, but one bonus for Webster ishaving its Boston branch office in 100 FranklinSt., headquarters to Synergy, a 10-year-old firmthat is one of the most active in downtownBoston. Claudia Piper is loan officer in the Bostonoffice for Webster Bank.Friend S. Weiler, Senior VP at HarborOne Bank(which became the Commonwealth’s largestcooperative bank on July 1 after formerly beingits largest credit union) reports that “we’ve probablybooked about 50 percent growth, but it’s asmall portfolio ($24 million volume spread over adozen deals in 2013). We think we’ve had a verygood first half and if we can double it for the secondhalf, we basically double our portfolio.”Other local banks unavailable for commenthad an impressive first half based onMassachusetts Registry of Deeds records, amongthem Boston Bank & Private Trust Co., which completed10 loans totaling over $65 million; LowellbasedEnterprise Bank & Trust Co. was very activemaking 16 loans totaling well in excess of $60million; Middlesex Savings Bank originated 20loans for approximately $100 million; and DigitalFederal Credit Union with 16 loans totaled morethan $45 million. DCU is another credit unionthat has been competing at a high level thisdecade on its commercial loan activity. ◆STATS ‘13ALL PROPERTIESBUYER CAPITAL GROUP ACQ. AMT. (IN $M) # PROPERTIES1 Equity Residential Public 744.4 82 Charles River Realty Group, LLC Private 221.4 23 Hines Institutional 216.8 24 AEW Capital Mgmt Institutional 215.9 15 AvalonBay Communities Public 195.3 46 Norges Bank Invt Mgmt Institutional 189.6 17 Athenahealth User/Other 168.5 18 Mack-Cali Public 149.3 29 TIAA-CREF Institutional 110.0 110 Realty Income Corp Public 81.1 1411 Beacon Capital Partners Equity Fund 69.8 212 Piedmont REIT Public 69.5 113 Taurus Invt Holdings Private 54.3 214 Synergy RE Services Private 53.9 315 Hamilton Company Private 52.0 116 BioMed Realty Trust Public 52.0 117 Square Mile Capital Equity Fund 49.9 418 Cornerstone RE Advisers Institutional 49.1 119 TA Realty Institutional 47.0 120 American Realty Capital Private 36.7 121 Vintage Capital Group Private 36.1 122 Rubenstein Partners LP Equity Fund 34.0 123 US Realty Advisors Institutional 32.3 124 Cresset Partners Private 32.3 125 Artemis RE Partners Private 31.3 1

52THE REAL REPORTER 2013 SUMMER REVIEWVillage at Taylor Pond, Bedford MACBRE/NE MULTIFAMILYcontinued from page 8Butler says the pace reflects a steady crescendoof demand for New England multifamily, anardor reflected in Real Capital Analytics dataputting midyear multifamily sales in the BostonMSA alone above $1.37 billion—nearly onethird of the $3.75 billion shelled out for all CREthere in that period. The fervor is especiallypitched in metropolitan Boston, but its influenceis expanding. That is evidenced by significantCBRE/NE multifamily exchanges completedthrough midyear in Connecticut, Rhode Islandand various suburban Boston communities notespecially known for institutional quality residential.Fall River might come to mind in the lattercategory, yet the South Coast port town ishome to Four Winds Apartments, a 168-unitcommunity near the juncture of Interstate 195and Route 24 that sold for $17 million in earlyMay to Claremont Residential, a New Bedfordbasedmultifamily owner and operator whoSTATS ‘13MULTIFAMILYDouglass Park Apartments, Boston MAsecured the asset from Equity Residential. It hadbeen a longtime hold for the REIT, having boughtthe property for $7.1 million in June 1997.The 17 completions by June 30th putCBRE/NE exactly halfway in that regard to the34 closings of 2012, among those last year themassive sale of 550 units in another cross-borderMalden development, the Oak Grove Villagecommunity that stretches into Melrose on theopposite end of the city.That $188 million tradehelped Butler and St. John process $959 millionin 2012, their second-best year ever, but theduo is now in line to crest $1 billion for thefirst—and only time—since 2007, back whenNew England had a record CRE investment seasonjust prior to the 2008 bust.Butler credits a limited inventory and resilienteconomy for creating a perfect storm of interestin multifamily among capital seeking certaincash flow. CBRE/NE did manage to complete oneBoston deal above $50 million, with $2.0 millionbetter than that offered by the Hamilton Co. toacquire Douglass Park Apartments in the SouthEnd. Financing of $28.0 million was secured✪ TOP GUNS Q1 + Q2BUYER CAPITAL GROUP ACQ. AMT. (IN $M) # PROPERTIES1 Equity Residential Public 744.4 82 AvalonBay Communities Public 195.3 43 Mack-Cali Public 149.3 24 Hamilton Company Private 52.0 15 Cornerstone RE Advisers Institutional 49.1 16 Beacon Companies Private 22.0 17 Taurus Invt Holdings Private 20.3 18 Madison Park Development Corp. User/Other 13.4 19 Mill Creek Residential Trst Private 12.4 110 Urban Capital Partners Private 12.2 111 The Samia Cos LLC Private 5.4 212 The Sabet Group Private 4.6 113 Nuestra Comunidad Development Corp Private 3.8 114 Evergreen Property Group Private 3.3 1from KeyBank to facilitate the acquisition of twobuildings at the juncture of Columbus Avenueand Tremont Street constructed in 1989 and1990. One is a seven-story property housing theleasing center, whereas the adjacent four-storybuilding sports a fitness center and 6,200 sf ofstreet-level commercial space. The property hasunderground parking for 114 vehicles.Of the 122 units, 28 percent are one-bedroomapartments, 62 percent have two bedroomsand 10 percent are three bedrooms. Thirtythree units are set aside for affordable residents.CBRE/NE assisted on an even larger sale involvingthat component, as the team reaped $22million for Edmands House in Framingham fromBeacon Communities. As detailed in a May RealReporter article on that commitment, the Hubbasedchampion of affordable housing secured$20.1 million from the Massachusetts HousingInvestment Corp. to buy and enliven the two sixstorybuildings perched in Framingham’s popularNobscot neighborhood. Despite a solid track historyat the property, Beacon Communities is convertingseveral market rate units into affordableapartments to qualify for federal Low IncomeHousing Tax Credits. In the May article, St. Johnestimated that the team led by Butler and he hastransacted a half-billion dollars of affordablehousing this decade, and predicted more opportunitieswill be made available as housingaffordability remains a substantial concern innearly every community.On the flip side, market-rate multifamily candraw from a wider audience of capital sourcesand have kept the pipeline of deals stocked.Another suburban trade by CBRE/NE to openthe year was the Village at Taylor Pond, a 188-unit, first-class complex harvested for $49 millionby a partnership of Criterion DevelopmentPartners and Northwestern Mutual to CPFTaylor Pond LLC. The buyer was assisted in thecontinued on page 53

THE REAL REPORTER 2013 SUMMER REVIEW 53CBRE/NE MULTIFAMILYcontinued from page 52purchase by Cornerstone Real Estate Advisors.Back in Boston proper, CBRE/NE was brokeron the $12.1 million sale of a condominium-qualityasset at 36-40 River St. pruned by New BostonFund. The buyer is UCP Schoolhouse LLC, an entitymanaged by Vincent G. Norton Jr. and ThomasO’Donnell. Butler and St. John finally got theirhands on a hot-potato portfolio of two buildingsin Beacon Hill that have now changed handsthree times this decade. Packaged together afterthey traded separately in 2011, 24 Joy St. and 88West Cedar St. brought in $6.8 million via the latestdisposition. That amounts to $2.4 million for24 Joy St. and $4.4 million to secure 88 WestCedar St. One year earlier, in Feb. 2012, investorSalvatore Campofranco paid $3.6 million for thatbuilding and $2.0 million for 24 Joy St. The sellerthere was real estate veteran John Parsons,whose Parsons Commercial Group had bought 24Joy St. in May 2011 for $1.28 million from longtimeowner Joseph Fallon, the famous SeaportDistrict developer. Parsons separately acquired 88West Cedar St. for $2.50 million in Aug. 2011.Edmands House, Framingham MALooking ahead, Butler says it appears themultifamily penchant will continue for the restof the year, with CBRE/NE juggling several listings—includinga few priced well over $100million—during a time of year traditionallybereft of serious activity. That puts the milestoneof $1 billion in reach, he concurs, althoughButler insists the final tally is not the overridingconcern. “We want to serve our clients the bestway possible,” he says, adding, “This is a goodtime to do that, and we are helping them takeadvantage of the market.”◆MULTIFAMILY SALEScontinued from page 51Yet another Hub firm all over the map helpingsell multifamily is Boston is Boston RealtyAdvisors, which has a dedicated division led byChristopher D. Sower and Jason S. Weissmanthat completed its second full year in businessthis spring by tendering some $50 million intrades, Weissman estimates this week to theReal Reporter. That accounts for more than halfthe $80 million brokered by BRA through June30th, conveys Weissman.“There continues to be a bottomlessappetite for multifamily in the markets wecover,” Weissman says in assessing the currentclimate. “Barriers to entry make it very attractiveto investors, and that is very encouraging.”As with anyone in the industry, BRA is monitoringthe interest rate saga, but Weissman notescore buyers tend to require less debt to do adeal. “A lot of people say it is cooling thingsdown, but so far, it hasn’t diluted the number ofbuyers or tours we are conducting.”The average deal size for all BRA salesthrough mid-year equated to $4.6 million, butseveral were much higher than that level. Thelargest was an office/retail property in HarvardSquare that yielded $33.1 million, whereas themultifamily team took on the most assignments,and completed several by the halfwayjuncture, among them 12 Brookline condominiumssold on behalf of a family trust for $3.3million, plus $7.5 million for 32 units in twobuildings at 256 Parker Hill Ave. in Boston’sMission Hill district. On the former, Sower,Weissman and Associate Andrew Heraldadvised the I. Fishman Family LP on a trade toThere continues to be abottomless appetite formultifamily in the marketswe cover.“”JASON S. WEISSMANBoston Realty AdvisorsEarl N. Henry III of the dozen units held by thefamily since converting 197-205 Kent St. into68 condominiums in 1979. East Boston SavingsBank loaned the buyer $2.64 million in thatearly June acquisition.The Parker Hill Avenue properties fomentedan amazing 130 prospects and dozens of toursfor an address not exactly Louisburg Square, butclose enough to the Longwood Medical Area tokeep occupancy levels high, according to Sower.The Chinese investor who bought the buildingsfrom client True North Capital Partners shelledout more than $235,000 per key for the package.Sowers is quite familiar with the properties,having traded them for $3.6 million in Feb. 2007and $5.6 million three years ago this month.Even in cresting $80 million, Weissmanexpresses optimism BRA can better that level inthe second half, and does have a number ofprime commercial and multifamily listings inplay, including some said to be under agreementthat Weissman declined to discuss.Among the Boston treasurers are a redevelopmentplay in the Fenway expected to approach$16 million, plus a five-level, 8,500-sf buildingat 171 Newbury St. coming to the market forthe first time since 1979.Outside of town, BRA is assisting the ownerof a Mansfield apartment community totaling66 units. The Village at Cedar Heights couldfetch $15 million, according to estimates fromknowledgeable sources. The owner is TurnerBrothers. North of Boston, in downtownMelrose, BRA in June was tabbed exclusiveagent for 99 Essex St., an adaptive reuse of anhistoric building that has 15 new apartments. Itis a transit-oriented property with access toBoston, and is near a lively business district featuringall manner of restaurants and retailers,Weissman says in explaining why that propertyhas been so well-received and boosting thefirm’s optimistic outlook.◆

54THE REAL REPORTER 2013 SUMMER REVIEW1285 Beacon St., Brookline MARETAIL PAUSEcontinued from page 12deliver consistent if unspectacular NOI.“Because institutions have gotten more andmore involved and their return requirements aregenerally much lower thanJEREMY FREIDADAM MEIXNERJORDAN SNEIDERprivate investors, that’sanother reason cap rateshave gone down andprices have gone up,”Millerd explains, addingthat the biggest changeover the last six monthshas been that Class Aproduct—groceryanchored centers in secondarymarkets or nongroceryanchored retail—has seen cap rates fall considerably,from 100 to 150basis points. This, he says,is leading investors to paya lot more for B productand broadening their horizons.One such example wasa $106.7 million deal inWest Hartford, CT, in whichAngelone and his CBREteam of William Moylan,Nathaniel Heald and BruceLusa of the Boston office;Jeff Dunne and David Gavin of CBRE’s NewYork Institutional Group; and John McCormick,Pat Mulready and Mike Stone of the Hartfordoffice procured a buyer (Starwood Capital) forthe 450,000-sf Blue Back Square mixed usedevelopment that consists of upscale restaurantand retail units totaling 210,550 sf, with 48apartments, 59 residential condominiums, plusmedical office and professional space.BEN STARRBlue Back Square, West Hartford, CTCompleted in 2008, the retail is shadowanchoredby Whole Foods with a Barnes &Noble, Crate & Barrel, Ann Taylor and a highendCriterion Cinema.Closer to home, Angelone, Moylan andfriends closed on Riverway Plaza, a 245,000-sfshopping center along Route 3A in Weymouth.The client was Samuels & Associates, whichpassed the asset to CBRE Global Investors for$21.5 million. Samuels had purchased theproperty in 2001 for $6.3 million, further testamentto the draw of the well-located, solidcredit retail centers by institutional capital. Theproperty is anchored by Lowe’s and Staples, andalso includes CVS, Dollar Tree, a Margarita’sMexican Restaurant and aD’Angelo’s/Papa Gino’s.CBRE has continuedtheir momentum into thesecond half, closing onNational Development’sMetroNorth Retail Centerto Integrated PropertiesADAM CIREL last month for $12.1 million.The 163,000-sf communityretail center isanchored by Chipotle, PetSmart and Bob’s DiscountFurniture among its tenants.It is part of the awardwinningMetroNorthCorporate Center createdby the sellers on a siteabutting Interstate 93 near the Route 128 interchange.Millerd and the Cushman & Wakefield teamof Capital Markets President Robert E. GriffinJr., Associate Justin Smith and Financial AnalystPaul Penman, also closed a significant deal in atertiary market, selling Heritage Retail Plaza inEast Longmeadow to Katz Properties at the endof June for $28.6 million. The 117,000-sf Stop& Shop-anchored center is in close proximity toboth Springfield and Greater Hartford, and is 98percent leased to credit tenants Aspen Dental,GNC, H&R Block and Panera Bread. C&W alsobrokered the deal for Salem Park Plaza inSalem, NH, a 37,925-sf shopping centeranchored by Barnes & Noble that was acquiredby Linear Retail for $8 million from MarcusPartners. Other tenants include Bank ofAmerica, Findeisen’s Ice Cream, Jos. A. BankClothiers and Pier 1 Imports.The Eastdil Secured Capital Markets team,led by Christopher Phaneuf and including BrianBarnett, Peter Joseph, Sarah Lagosh and Jamescontinued on page 55&-))!)))!)))&,.)!)))!)))&,))!)))!)))&+.)!)))!)))&+))!)))!)))&*.)!)))!)))&*))!)))!)))&.)!)))!)))&,))"))&+.)"))&+))"))&*.)"))&*))"))&.)"))&#&#BOSTON RETAIL STATS*$*+ *$*, +$*+ +$*,$" '% #!*$*+ +$*+ *$*, +$*,#*7)./'2/80* (!( O -)1,* @ 2+ "5236 %27)/ &1.76 9, ?

THE REAL REPORTER 2013 SUMMER REVIEW 55RETAIL PAUSEcontinued from page 54McCaffrey, also succeeded with institutionalinvestors, peddling the 657,000-sf Mall atWhitney Field in Leominster to Los Angelesbasedinvestors Vintage Capital Group for$36.1 million. Eastdil is handling the sale aspart of an eight-buildingportfolio of troubled retailbeing processed on behalfof special servicer C-IIICapital Partners. The retailcenter features a solid tenantroster that includes JCPenney, Macy’s, PaneraLEONARD BIERBRIER Bread and Toys R Us and isabove 90 percent leased.Phaneuf would not discussthat deal or anothermajor Bay State shoppingcenter Eastdil harvested inthat octet of under waterC. RUSSELL DEMARTINOcenters, the Silver CityGalleria in Taunton. Thestar-crossed developmentwas hit by the recession and overleveragedowner who ultimately surrendered the keys.One observer maintains Silver City has underpinningsof good retail, but needs a stronger,hand-on sponsor. “They need to turn the shiparound, but I think (the buyers) will do well withit,” says the source, an expert in the retail sectorwho predicts the $22.1 million price tag—versus its 2000-2 sale for $118 million—givesDallas-based buyer MGHerring Group a lowenough basis to address any physical or tenantroster shortcomings. Other participants in theJune 26th purchase of 2 Galleria Mall Dr. areContrarian Capital Management of Greenwich,CT, and another Texas investor, Tricom RealEstate Group. The 715,000-sf mall was alsosaddled by a $138 million refinancing in 2005.While larger trades were scarce in the firsthalf of the year, theappetite for net-leasedretail assets remains asvoracious as it was in2012 when Marcus &Millichap’s Walthambasedretail team ofRobert Horvath andTodd Tremblay posteda record year with 141transactions closed(regionally and nationally).“I’ve never seenthe market like this,”reports Horvath,Director of theNational Retail Groupat Marcus & Millichap.“It’s extremely activewith all buyer profilesin the market—private,public, institutional.You take a deal to market today andyou’ll have 15 offers within a week.”Horvath and Tremblay have closed 34 deals in2013 so far and have an additional 52 underagreement (including Coventry Crossing in RI, a21,000-sf, multi-tenanted plaza in the $12 millionasking range being secured by anundisclosed buyer), with 50 percent ofthe volume located in New England.Most of the deals are valued at lessthan $20 million, and include the saleof 138,125-sf Lowe’s in Windham, ME,finalized in late April for $12.4 million.There were a slew of deals for nationalretailers such as Rite-Aid (one each inRiverway Plaza, Weymouth MAROBERT HORVATHNashua, NH, and Winchendon ), Applebee’s,Aspen Dental, Auto-Zones, Burger Kings, DollarTree and an Olive Garden in Taunton.Boston Realty Advisors engineered a coupleof retail deals in the inner suburbs in addition totheir blockbuster $33.1 million Harvard Squaretrade of 39 JFK St., a mixed-use asset featuringstreet-level retail (see related story this section),BRA also closed a deal for a 27,000-sf developmentopportunity for Sanford Builders onNeedham St. in Newton for a new retail projectat the landmark former home of Salett’s MeatMarket for $2.52 million. Jeremy Freid, SIOR,worked with colleagues AdamMeixner and Jordan Sneider on thatassignment to move what the brokerstouted as a prime development opportunityin a long-held, 27,000-sf infillsite. Backed by a $1.3 million loanfrom Belmont Savings Bank, Sanfordprincipal Marc Kaplan is a respectedhomebuilder moving in a new direction,he told the Real Reporter upon buying theparcel in May. The plan designed by HDSArchitects calls for a 14,125-sf building to bereplaced with a 7,200-sf retail property. Freidsays the willingness to downsize reflects thevalue of the site that is sandwiched between acontinued on page 56170 Needham St., Newton MA (RENDERING)Heritage Retail Plaza, East Longmeadow MA

56THE REAL REPORTER 2013 SUMMER REVIEWNeedham Street Village Shops, Newton MA (RENDERING)Silver City Galleria, Taunton MARETAIL PAUSEcontinued from page 55STATS ‘13RETAILDunkin’ Donuts and Papa Gino’s.Speaking of prized Newton infill, BierbrierDevelopment completed a complicated assemblageof adjacent lots on Needham Street thisspring, paving the way for a 19,200-sf retailproperty slated to break ground no later thanNovember. Namesake Leonard Bierbrier reportsthis week the main holdup is a tenant at one ofthe properties who has until October to vacate,with the parcel complete and in the firm’s control.Financing has also been secured for constructionthrough Commerce Bank.As detailed in a Real Reporter article thisspring, Bierbrier has an emerging conceptknown as Village Shops that intends to constructcenters from 20,000- to 50,000 sf insideRoute 128, with more affluent communitiessuch as Newton the focus, Bierbrier principal C.Russell DeMartino outlined in the earlier story.As in the case of its prototype center inArlington, architect David Chilinski was broughtin to design the Newton project that DeMartinois overseeing. Bowdoin Construction has justbeen retained as contractor for the buildingthat will rise to 32 feet, an elevation Bierbrierexplains was as much for aesthetics and accommodatingcity planning desires on NeedhamStreet as it was for a functional purpose. Othercritical professionals assisting cited by Bierbrierinclude civil/environmental engineer Tighe &Bond, and consultant Robert Vanesse. AtlanticRetail Properties is exclusive leasing agent, withAdam Cirel and Ben Starr taking on the assignment. TOP GUNS Q1 + Q2BUYER CAPITAL GROUP ACQ. AMT. (IN $M) # PROPERTIES1 Realty Income Corp Public 81.1 142 Vintage Capital Group Private 36.1 13 Contrarian Capital Management Equity Fund 25.5 14 MGHerring Group Private 25.5 15 Tricom Real Estate Group Private 25.5 16 CBRE Global Investors Institutional 21.8 17 Kimco Public 17.2 18 Blackstone Equity Fund 17.2 19 Gvest Partners Private 15.2 110 Bulfinch Cos Private 13.9 111 RK Centers Private 11.6 112 Chestnut Hill Realty Private 11.0 113 L&B Realty Advisors Institutional 10.0 114 Urban Capital Partners Private 10.0 115 Novaya Ventures Private 10.0 116 Roebling Investment Company Private 9.4 117 Linear Properties LLC Equity Fund 8.0 118 Charles River Realty Group, LLC Private 5.5 119 Saxon Real Estate Partners Private 4.7 120 Bierbrier Development Inc Private 3.2 121 Donald Zucker Organization Private 2.8 1With leasing activity brisk enough thatBierbrier is anticipating being at least 40 percentcommitted by the ground-breaking, and credits ateam of professionals for putting the complicatedplan together. First and foremost were brokersDavid Boyarsky and permitting attorney AlanSchlesinger, who is also working on the Salett’sstructure. Choate Hall & Stewart did the legalwork related to acquisitionand financing withCommerce Bank. The bank’sloan officer, Senior VP JohnKelley, was “excellent” todo business with inBierbrier’s first transactionNATHANIEL HEALDBRUCE LUSAwith the Worcester-basedinstitution. It was arrangedby Carlos Febres-Mazzeiand Kyle Juszczyszyn atCBRE/NE.Farther South, HDBridgewater Realty DST,managed by Raymond M.Gee, purchased a standalone,104,200-sf HomeDepot on 27.7 acres inBridgewater from Pleasant Street BridgewaterLLC, (managed by Joshua Goldberg of WhitePlains, NY) for $15.1 million via a $14.1 millionmortgage from the CTL Lending Group.Constructed in 2005, the property last sold for$11.5 million in May 2009.Smaller deals in the suburbs were prevalentas well, with BZG Properties purchasing threebuildings totaling approximately 38,000 sf at 1,5 and 17 Edgell Road in Framingham from theGreenwood Co. for $3.4 million. The property isjust off Route 9 and is a mix of office and retailwith a restaurant. Thomas Godino of Godino &Co. represented the seller and procured thebuyer. And Scottsdale, AZ-based STORE Capital, aprivately owned real estate investment trust thatcontinued on page 57

THE REAL REPORTER 2013 SUMMER REVIEW 57RETAIL PAUSEcontinued from page 56acquires single-tenant properties including chainrestaurants, supermarkets, drugstores and otherretail, service and distribution facilities, picked upthree properties in 2013:126 Killam Hill Rd., Boxford($1.9 million); 3-15 MainSt., Wakefield ($1.27 million);and 25 Katrina Rd.,Chelmsford ($1.43 million),with the first two being purchasedfrom Best FriendsJOHN MCCORMICK Pet Care and the third fromPace Industries.New-Jersey basedMountain DevelopmentPAT MULREADYCorp. picked up a J.C.Penney at the Eastfield Mallin Springfield for $3.55 million;a Dunkin’ Donuts unitat 6 Washington St. in NorthReading was purchased byDJTC Realty LLC (private investor) for $2.65 million;and a former KFC at 168 Hampshire St. inCambridge was sold to private investorHampshire Holdings for $1.9 million; StonehamAssisted Living LP purchased a Dairy Mart site at140-142 Franklin St. in Stoneham for $2.8 million;and a 3,500-sf TD bank at 1833 Centre St.in West Roxbury went to Pooh Roxbury, a NewYork-based entity, for $2.57 million.Boston Urban Partners tendered a high-profileCoolidge Corner property in mid-May for$13.9 million, as a partnership of the BulfinchCos. and Gebsco Realtybought 1285 Beacon St.from Nicholas Heras Jr.The asset is as eclectic asthe neighborhood itself,which the Real Reporternoted in an article uponthe sale of 1285 BeaconSt., has an organicLive/Work/Play infrastructure.Sporting anannual average householdincome topping $106,000 in a one-mileradius, and a huge influx of daytime visitors andworkers, 1285 Beacon St. has drawn specialtybutcher shop The Meat House and Staples tothe 49,000-sf development. There are also twolevels of underground parking, a prized use inthe district that also has a Green Line trolleyconnecting to Boston that unloads practically atYou take a deal to markettoday and you’ll have 15offers within a week.“”ROBERT M. HORVATHMarcus & Millichap1285 Beacon St.’s front door.Efforts to contact Boston Urban Partners bypress deadline were unsuccessful. According tomarketing materials, the trio of Jonathan P.Dutch, Samuel Hawkey and Ann V. Ehrhartadvised the seller and procured 1285 BeaconSt.’s new ownership, which was fueled by a$10.4 loan from RBS Citizens. In an interviewlast autumn when it wasfirst listed, Hawkey hadtermed the asset “a trophyproperty in one ofBoston’s hottest tradeareas,” and predicted arobust response fromwell-known investorssuch as Needham-basedBulfinch.The two-story, 25,600sf retail portion propertyis situated right in Coolidge Corner. Herasacquired the site for $3.4 million in September2005. Also in Coolidge Corner in the openinghalf was the sale of the former site of theBrookline Superette at 10-18 Pleasant St. It waspurchased by an affiliate of the Chestnut HillRealty Corp. for a shade above $11 million fromGladys LLC, a private owner from Brookline. PRIME HOTELScontinued from page 16relaying that “People’s recognized the opportunityto start a key new relationship and executedflawlessly in the transaction.”Marking a half-century of ownership in theLenox, Saunders has continuously modernizedFFE over the years, according to Colliers, andhas been applauded for melding design, ecoinitiativesand historic preservation into thateffort. Recent renovations include a decadelongprogram to upgrade rooms and the entirefaçade. SHG has also added multiple restaurants,among them City Bar, City Table and SolasPub. “It is a very unique situation when a localfamily has owned such an iconic property for 50years, and the pride of that ownership is evidentin every aspect of the hotel,” says Broderick.From its hospitality roots dating to1940, the Saunders family has grown to be amid-sized owner and operator of multiplehotels, among them the Comfort Inn near BellCircle in Revere that Colliers also helped refinanceto the tune of $14.0 million in Februarythrough Cambridge Savings Bank. While perhapsnot as ornate or storied as the Lenox, theComfort Inn has been a solid performer servicingLogan International Airport for both business,leisure and staffrelatedoccupancyfrom being barely onemile down gritty Route1A, Broderick conveys.CSB Senior VP KennethR. Dillon handled theorigination, whileBroderick and Phelanadvised SHG.Lenders also likewhat the owner ofHotel Tria inCambridge’s FreshPond area has donesince buying the propertyin 2009 andHotel Tria, Boston MAundertaking an extensiveoverhaul, says Broderick, with ownerRobert Karol building dozens of rooms to put itat 121 units and installing a popular bar anddining area. “The sponsor was a major reason,and the hotel has really been transformed,”Broderick says of the lender interest in refinancingHotel Tria. “It is a fantastic location that isonly getting better every day, thanks to the multifamilybeing built there and the life sciencesand technology companies that are going overthere now,” a trend he says should help one ofthe closest hotels to that growth.Hotel Tria is managed by KW DevelopmentLLC, a Wayland firm which has a 30-year trackrecord in the sector.The inn at 220 Alewife BrookParkway is flagged as a Best Western. Colliersdeclined to identify the lender in that case, butpublic records show it to be Middlesex SavingsBank. The first mortgage was used to refinanceexisting debt of $16.0 million from LadderCapital Finance that had been borrowed in May2012 from the Gotham-based lender.

58INTEREST RATEcontinued from page 10SAMUEL DYLAGJOHN KELLYChester, VA. A client seeking DUS AffordableHousing monies in South Boston, VA, was aidedby Edwards in getting $1.2 million there for anapartment complex in the Commonwealth.Walker & Dunlop is having an explosive 2013,although most of the activity has been beyondNew England. Mid-year figures are coming outthis week, but the Maryland-based organizationthat has a major operation in Needham enjoyed a157 percent jump in origination volume duringthe opening frame versus Q1 2012, achieving$1.7 billion, while the quarter’s revenues of $69.2million were up 101 percent YOY. The takeoverlast spring of CWCapital combined with “strongorganic origination growth” played into theresults, Chairman and CEOWilly Walker said in releasingthose results.CBRE/NE principal JohnKelly estimates he has donea half-dozen financings in2013, including $45.2 millionto fund a major purchasein Rhode Island brokeredby CBRE/NE’s multifamilyteam led by SimonButler and Biria St. John.Having joined the firm lastyear, Kelly says CBRE’s internationalplatform gives himaccess to capital of all sorts,from local banks and creditunions to national conduitsources, life insurers and overseas money. “It hasbeen great for our clients,” says Kelly. “We canmatch them up with exactly what they need,which speaks to the strength of our local andglobal network.” The pipeline is well-stockedheading into the autumn, according to Kelly, whoworks closely with the Capital Markets Groupalong with analyst Samuel Dylag.At Eastern Mortgage Capital, a Boston-basedgroup whose founders are associated with mortgagebanker Fantini & Gorga, growing acceptanceof US Housing & Urban Development loanprograms enabled the firm to place $125 millionthrough mid-year, almost all outside NewEngland. A one-time force in developing multifamilyin Boston during the 1980s, HUD loans areless-suited to a luxury market, outlinesCenterline’s Donahue, with statutory limits onhow large a loan can be assigned per unit makingit hard to fund new, market-rate constructionin keeping with the program’s mission to promoteaffordability.Donahue concurs that the HUD borrowingpath can be long to the point of uncompetitive attimes, but relays efforts are underway to make theproduct more flexible on applying and underwriting.“It is not the quickest process, but it is gettingquicker,” he says. Eastern Mortgage is active inHUD’s LEAN and MAP programs, and PresidentTim O’Donnell says those products do offer tantalizingaspects including a 40-year amortization.“People are getting more comfortable with it,” hesays, and other factors are making the product aviable option to Fannie Mae and Freddie Mac.“We can match them upwith exactly what theyneed, which speaks tothe strength of our localand global network.”JOHN KELLYCBRE/NEIn the second quarter alone, Eastern MortgageCapital completed a $41 million apartment loan inTexas, $$33.7 million was secured for threeMichigan multifamily properties and another $17million in Georgia that recently closed. “That’s abig quarter for us,” conveys O’Donnell, whoseteam includes Senior VP Peter J. Panagako andservices a variety of asset classes, including nursinghomes and senior living properties.O’Donnell says the interest rate debate hasmade conditions “a little stressful over the pastfew months,” especially for CMBS sources. “ItTHE REAL REPORTER 2013 SUMMER REVIEWfeels as though the conduits have taken two bigsteps forward over the past year, but (interest ratemovement) has set them back one medium step,O’Donnell offers in handicapping the impact.Paul Natalizio of Cornerstone Realty Capitalsays the fluctuations in rates “have createduncertainty among lenders,” and balance sheetplayers are backing off longer-term deals, even formultifamily, he relays. Fannie Mae and FreddieMac are making it harder—or at least moreexpensive—to go long, says Natalizio, whoseStoneham-based company helps clients securethe best rates and terms.Just how successful one might be in an evolvingclimate is unclear, but Natalizio saysCornerstone’s approach is to service clients withsolid track records that lenders will covet.”If youfocus on the best borrowers and strong markets,you can get the best rates,” he says. Whatever theformula, it appears to be working. “Right now,we are on track for a record year,” says Natalizio,with the prior high-water mark from last yearscheduled to be achieved by the end of August.Natalizio and VP Brett Pagani have recently welcomedtwo more employees into the fold and thecompany is in the process of relocating fromStoneham to Lexington.In between all the changes, CornerstoneRealty Capital has assisted borrowers across theregion this year on financing assignments. Amongsome of the top ones were $10.0 million fromFirst Republic Bank to 1848-1850Commonwealth Avenue Realty TR on 1850Commonwealth Ave. in Boston and another$29.0 million from the same lender to 9-23Griggs Street LLC, an entity founded by the MountVernon Co. on 9-23 Griggs St. in Allston. At 12-14continued on page 61

THE REAL REPORTER 2013 SUMMER REVIEW 59URBAN RETAILcontinued from page 12million. Urban Meritage is led by Michael T.Jammen and Vincent G. Norton Jr., while JamesM. Alden, Peter Carbone III, Jeffrey R. Theobaldand R. Scott Tully are the founders of Novaya.Powered by a fund dubbed the Back Bay RetailProgram that targets assets in and aroundNewbury Street, the partners have alreadyscored three properties for a total of $33.2 millionso far in 2013. Jammen says the group iscontinuing a quest for more, but declined to discussdetails about future acquisitions.The partnership (along with Dallas-based L&BRealty Advisors) picked up their first asset at 79Newbury St. for $10 million from YAS Real EstateLLC, an entity managed by Rouzbeh Yassini-Fard,which had held the building since paying $3.02million in July 2004. The five-story, 7,225 sfoffice/retail property was constructed in 1899 andunderwent renovations in 2007. The space consistsof 2,600 sf of retail space in the basementand first two floors and 4,000 sf on the upperthree floors and is currently sans tenants.The second asset was purchased in Maywhen the partnership acquired 205 Newbury for$8.06 million (about $1,105 per sf) fromBoyd/Smith, the Boston-based property managementand development services firm. The 7,000sf building was purchased for cash in a dealwhere both parties were represented by ThomasBrennan of C. Talanian Realty. Tenants include8 Newbury St., Boston MATasty D-Lite,International PosterGallery, Peter & YeremHair Salon and interiordesign firm EugeneLawrence & Co.In June, the CBREretail team led byChristopher Angeloneand William Moylansuccessfully marketed 8Newbury St. to the partnersfor $15.1 million.The 19,000-sf, eightstory,mixed-use propertylocated on the first39 JFK Street, Cambridge MAblock of Newbury Streetwas owned by the same family since 1977.Tenants include the women’s clothier EmersonCollection and Newbury Day Spa, and next doorluxury retailers include Chanel and Burberry.As to the plans for the repositioning of theproperties, Jammen says it is a little early to makea determination. “We just bought them in April,May and June, so we haven’t had a chance to doa lot with them,” he laughs, but says heis very excited about the prospects, particularlythat of 8 Newbury St. and itsprime positioning next to a new propertyhousing Burberry and Chanel. “Wethink we’ll find the national retailer forthat space that will be (appropriate),”says Jammen, who also maintains theprice per square foot numbers thatdraw gasps from casual followers ofurban retail are misunderstood in thegrand scheme of investing. “We don’tcare what we pay per square foot. It’sall about the cap rate and the NOI, andthat’s what drives everything,” Jammenasserts. “There are (assets) out therethat have sold for $2,000 per squarefoot and are pure retail that are greatbuys.And there are (deals) out there that went for$400 a square foot that don’t have the ability todrive rents that were terrible buys. So you can’tmake comparisons on price per square foot.”d’Hemecourt, whose firm brokered the $33.1million deal for 39 JFK St. in Harvard Square (atover $1,600 per sf) in early April, as well as a pairof similarly priced deals in the same neighborhoodlast year, agrees with Jammen on the pricingissue. “It’s like when you saw 18-28 JFK St. inHarvard Sq. at such a high price per square foot,”he explains. “There are 16 (residential) units, but90 percent of the income comes from first floorretail. 39 JFK is more than 50 percent retail, butbecause of the way the building is structured . . .MICHAEL D’HEMECOURTTHOMAS BRENNANthe rents for the first two floors are about $125per square foot (when) blended.”BRA and d’Hemecourt are close to finalizinga deal for the 8,525- sf 171 Newbury St. “in thenext week or two at the latest,” and estimatesare that it should achieve $1,600 per squarefoot in the sale/leaseback with long-time ownerPucker Gallery. “It has been a very competitiveprocess. We’ve gone through a fewrounds of bidding, and now it’s downto the last few,” relays d’Hemecourt,who says there are solid reasons forthe interest. “It’s unique in that it providescash flow in a fully stabilizedbuilding, but with the potential toredevelop as the art gallery vacates toa new home, so you have the ability toconvert upstairs to either office or residential.”The first floor is soon to beoccupied by Clark’s Shoes, whichsigned a 10-year lease.But Newbury Street and HarvardSquare aren’t the only hot urban locations.Englewood, NJ-based TreeCo(The Real Estate Equity Company)recently purchased the former RogersJewelry building at 465-469 Washington St. inDowntown Crossing. The two-story (plus basement),10,500-sf building was pre-leased tonational travel company Liberty Travel, whichwill establish a “flagship” office at the location.TreeCo, an acquisition and developmentfirm specializing in retail, owns a free-standingDick’s Sporting Goods at the Liberty Tree Mall inDanvers and is looking to expand its footprint inthe region. “We are familiar with the area, andwe are making a push into owning more urbanretail,” says TreeCo Leasing Manager Andy Fish.“And this is a pretty good urban retail site –right across from Macy’s. It’s all about the foottraffic.”

60INDUSTRIAL STRENGTHcontinued from page 14such tenants as the American Red Cross, Bankof America and Beth Israel Deaconess MedicalCenter.CATHERINE MINNERLYAnother notableexchange occurred in Junewhen an affiliate of ColonyCapital paid $9.8 millionfor 360 Cedar Hill St. inMarlborough in a dealnegotiated by Cushman &Wakefield. The $81 per sfpaid there was nearly three times the $31 per sfspent by the Grossman Cos. on 60 Maple St. inMansfield, bought at a figure of $7.0 million forthe 226,000-sf building. Meanwhile,Campanelli found a quicksolution to an expiringlease at 15 Franklin Way inFranklin when RichardsBarry Joyce & Partners presentedthe owner with auser/occupant willing toOVAR OSVOLDpay $4.3 million--$47 persf—for that 92,000 sfstructure that for many years housed FedEx.“We barely had it empty,” Campanelli principalStephen J.T. Murphy recounts to the RealSTATS ‘13INDUSTRIAL100 Rustcraft Rd., Dedham MA TOP GUNS Q1 + Q2BUYER CAPITAL GROUP ACQ. AMT. (IN $M) # PROPERTIES1 BioMed Realty Trust Public 52.0 12 Square Mile Capital Equity Fund 49.9 43 American Realty Capital Private 36.7 14 Rubenstein Partners LP Equity Fund 34.0 15 US Realty Advisors Institutional 32.3 16 Cresset Partners Private 32.3 17 The Davis Cos Private 25.3 28 Hines Institutional 19.5 19 CV Mission Critical REIT Private 12.0 110 Colony Realty Partners Institutional 9.8 111 STAG Industrial Public 9.1 112 James Campbell Company Private 8.6 113 HN Gorin Private 8.0 114 Beacon Capital Partners Equity Fund 7.8 115 Grossman Cos Inc Private 7.0 116 Lone Star Equity Fund 6.0 117 Griffith Properties Private 3.9 118 Echo Bridge Partners Private 3.9 119 STORE Capital Private 3.6 120 Calare Properties Inc Private 3.2 121 Assurant Institutional 3.1 122 Grander Capital Partners Private 3.1 123 Sanford Capital Private 2.5 1THE REAL REPORTER 2013 SUMMER REVIEWReporter following the May 20th sale. The RBJeffort was led by principal John Lashar andSenior VP Chris Skeffington for the seller andPaul Leone advising the buyer,KWL/Champagne Logistics, which had outgrownanother building in the park and was inneed of a quick fix. Campanelli Partner RobertDeMarco termed the deal “a win/win for thebuyer and seller,” with his firm having originallyconstructed 15 Franklin Way for FedEx in themid-1990s “for rapid and efficient overnightdistribution.“KWL’s business needs are a perfect fit touse the building in its current configuration,”explains DeMarco, who further credits the RBJcrew “for their thorough knowledge of this submarket.Their recommendation to contemplatecontinued on page 61&,))!)))!)))&+.)!)))!)))&+))!)))!)))&*.)!)))!)))&*))!)))!)))&.)!)))!)))&*))"))&2)"))&1)"))&0)"))&/)"))&.)"))&-)"))&,)"))&+)"))&*)"))&#&#BOSTON OFFICE STATS*$*+ *$*, +$*+ +$*,$" '% #!*$*+ +$*+ *$*, +$*,!2*9786/)0'3091+ ("( P .)2-+ A 3, #6347 %38)0 &2/87 :- @=$5,8@ EMK;GDL;IKD > EK G;DHJ;FGI @ LE EK G;EKF;FKL @ LM

THE REAL REPORTER 2013 SUMMER REVIEW 611 Investor’s Way, NorwoodINDUSTRIAL STRENGTHcontinued from page 60SCOTT DRAGOSDOUGLAS JACOBYa sale to KWL on this leasingassignment was a greatresult for all parties.”Skeffington went crossborderon another industriallisting, helping theowner of 110 Graham Dr.in North Smithfield, RI, inthe $4.8 million sale/leasebackof the 138,000-sfbuilding between buyerTaurus InvestmentHoldings ant PT PropertyHoldings. The nine-yearsale/leaseback termincludes a rent of $3.25per sf through year fourand CPI increases determiningany changes from year five to completion.North of Boston in Wilmington,NAI/Hunneman Commercial Co. assisted theRAM Cos. in trading 234 Ballardvale St., a100,225-sf structure set on 14.2 acres just offInterstate 93. The buyer is an affiliate of Carlisle234 Ballardvale St., Wilmington MACapital Corp. that already has control of severalnearby properties, and NAI/Hunneman principalDouglas Jacoby explains it was not much ofa reach for theNAI/Hunneman team toconsider that firm as a candidate.That is how itturned out in the end, withother members of the brokerageeffort includingMITCHELL LEVEYSEAN LYONSScott Dragos, MitchellLevey and Sean Ryan. The$10.5 million sale was firstdetailed by the RealReporter in late May.Maine-based RAM hadpurchased the building for$8.5 million in Oct. 2009.The frenetic pace ofsales in 2012 depletedmuch of the inventory, andthat may have been one reason South Shoresuper-broker Catherine Minnerly posted justone sale through mid-year, that 63 Bedford St.in Lakeville, a 67,000-sf industrial building thatyielded $1.92 million. “There just wasn’t a lotout there,” she says in predicting a busierstretch after Labor Day.TRITOWERcontinued from page 14NICHOLAS HERZance core and value-add product to keep theportfolio diverse, with its opening salvo deliveringa measure of cash flow as other deals are chaseddown. Having an affiliate of Amazon.com on thelease through 2024 helps on the stability side ofthe ledger, he outlines.“We feel the return is excellent there giventhe risk profile,” Brainard said on the day of closing.In that article, he also explained the firm’sstrategy will concentrate on what is perceived tobe the top five markets inthe country with a preferencefor those from NewEngland to Washington,D.C. Tritower hopes to investfrom $20 million to $50 millionacross an array of propertytypes, and Brainard saysthere will be a willingness topartner with other firms should a viable dealarise. Joining the industry veteran as foundingmembers of the company are William W. Gribbelland R. Scott MacPheeStructurally, the first Tritower asset is consideredsolid, featuring clear heights to 36 feet, plus17 loading docks lining the building that sits on20.8 acres. CBRE/NE engaged both its CapitalMarkets Group and leasing professionals to helptenants understand the deal and current marketconditions. Principals Christopher Angelone andWilliam Moylan took the lead, backed byNicholas Herz and Bruce Lusa.INTEREST RATEcontinued from page 58Parker Hill Ave. in Mission Hill, 14 Parker Hill Ave.LLC received $2.5 million from South Shore Bank,and Greystone Funding Corp. stepped up at 41and 43 Bay St. Rd. near Boston University, with$6.03 million to Symphony Bay Properties LLC.East Boston Savings Bank loaned $1.4 million tothe owner of 784 Tremont St.Cornerstone participated in funding acquisitionsof multifamily as well, including $1.4 millionfrom South Shore Bank to back the $1.5 millionpurchase of 42-46 Lincoln St. in Cambridgeacquired by 42-46 Lincoln LLC from a privateinvestor. Buyer Jeremy Seeger backed the $1.56million purchase of 31-33 Warren F. Roberts Rd. inCambridge from Leonard Singer with a $1.17 millionloan from Digital Federal Credit Union. Aneven larger note was delivered from BrooklineBank when the institution funded a $6.6 millionpurchase of 134 Summer St. in Malden with a$4.95 million mortgage.

62THE REAL REPORTER 2013 SUMMER REVIEWBack Bay Hotel, Boston MAEASTDIL PLAZA SALEcontinued from page 16The transfer also ends control of the complexfor Saunders Hotel Corp. nearly four decadesafter the Irving M. Saunders family bought the950-room property and gave the now 86-yearoldhotel its enduring Boston Park Plaza Hotel& Towers name.Among those opiningthe figure could indeedequate to highest ever inthe Hub is DennyMeikleham, who in Junebrought his 30 years in theDAVID MCELROYhospitality industry toHolliday Fenoglio Fowler.The firm’s ever-expanding investment salesexpertise has featured a hotel component overthe past six years, and already has made a substantialmark on the industry, according toMeikleham. “It has been great,” he conveys ofjoining the vast operation while saluting his formerstint at Pinnacle Advisory Group, among thecountry’s leading providers of hospitality data.Hailing from the Harvard University of hotelschools, the Cornell University graduate spenttime helping develop Summerfield Hotel Sierraand Avia hotels across the country. During hisbrokerage career, Meikleham has completedequity placement and investment sales on innsfrom Camden, ME, to New York City. As to ParkPlaza trivia, Meikleham might be a good source,having helped broker the prior sale whenRockwood/Highpoint took on the property.Meikleham has persevered through therecession along with other seasoned hotel brokerssuch as David McElroy, a member of theCBRE/NE contingent. That endurance has paidoff in the CBRE/NE team being involved in severalmarquee hospitality trades over the years,among them the Back Bay Radisson andMarriott. Now McElroy has another deal in thatneighborhood after helping divest the Back BayHotel at the site of the former Boston PoliceHeadquarters. The $84 million exchangebetween The Doyle Collection, and buyer LoewsHotels & Resorts was finished in February afterCBRE/NE was engaged by its Irish-based ownerto find a taker, a process involving Jones LangLaSalle representing that side.McElroy is among hotel veterans saying theyare encouraged by theturn of events in NewEngland and beyond,with McElroy joiningother CBRE/NE hotelspecialists in servicingmultiple regions. Thathas taken him out toSt. Paul, MN, this yearto harvest a 740-roomoperation there in a$37 million conclusion.Two listings inAlexandria, VA, are inthe mix, and McElroyagrees that developmentsites are in voguein metropolitan BostonCopley Plaza Hotel, Boston MAall of a sudden. Overall, says McElroy, “it’s nota full pipeline, but it’s a healthy pipeline.”Just how big Eastdil’s hotel sheet is remainsunclear given the lack of response, but betweenthe Park Plaza and Copley Square assignments,the group could have one of the best campaignsin Boston this year, with the tradealready the largest single asset changing handsin 2013 in Massachusetts.According to Meikleham, HFF doubled itshotel commission levels at mid-year comparedto the same period in 2013. Teaming up withthe existing operation is “exciting,” he says,particularly given the focus on Boston. “Thingsare really heating up there now,” saysMeikleham. “We’re looking to a busy secondhalf.”

THE REAL REPORTER 2013 SUMMER REVIEW 63ALBANY ROADcontinued from page 18deal profile in that environment,” hesays. “Fortunately, we have alternatives,”a recognition he hopes thetenant constituency will come tounderstand. Negotiated throughJones Lang LaSalle, BraintreeExecutive Park is a two-building,125,000-sf complex situated right atthe Braintree Adams MBTA stop providingaccess to Boston andProvidence. The four-story structuresat 100 and 150 Grossman Dr. havehigh-end finishes, efficient layoutsand a range of amenities. Dinosaurand Grossman invested in fixing upthe park to attract tenants, boostingoccupancy in a program conductedby JLL South Shore experts, Tom Kentand Sean Lynch, who are now exclusive agentsof the park for Albany Road. The exchange ofBraintree Executive Park was handled by JLL’sCapital Markets Group, an assignment led byFrank Petz and Robert Borden.Besides negotiating the sale, JLL helped outanother issue Knisley concurs is of concern tothose who engage financing in buying CRE,that being the interest rate gyrations that areespecially nettlesome toconduit lenders, the sourceof monies Albany Roadused to buy BraintreeExecutive Park. “I’m gladwe did that one when wedid,” Knisley says, havingJONATHAN SCHNEIDERjust preceded the Bernankeimbroglio that he calculatescould have bumped the rate on the $10.6million mortgage up a full percentage pointfrom the 4.09 mark attained from JPMorganChase Bank. JLL’s debt expert JonathanSchneider arranged the mortgage that featuresa two-year interest only period.To Knisley, the market “is still trying to getits arms around what is going on” with interestrates, but conveys the clawback following theinitial reaction to Bernanke and other factorssuggest no sharp hikes near term. “Over time,they will have to track up, but I think the economyis still too tenuous for them to really jump...I know for us, we are still seeing some veryattractive and compelling rates.”The Albany Road platform emerged whenKnisley was recruited by three friends to launchan investment vehicle for themselves and otherhigh net worth investors. The quartet includesAmherst Crossing, Amherst NHMark McInerney, a classmate of Knisley’s atDeerfield Academy, plus Clark N. Callender andSteve Strandberg. Some $33 million was doledout by the time 2012 ended, and that investmentdelivered New Hampshire retail,Connecticut self-storage and Rhode Islandoffice. In all three of the purchases, Albany Roadinvestigated the asset and surrounding market,explains Knisley, relaying the group determinedeach offered the chance to boost cash flowthrough capital upgrades or managementchanges. In the case of the Connecticut self-storage,Albany Road engaged an experienced selfstorageoperator in the Greater Hartford marketwhere the four-building portfolio of 1,462 unitsis based. In a December article on that purchase,Knisley told the Real Reporter even minorchanges should boost occupancy that in some ofthe properties has fallen to 70 percent.Albany Road did not take long to secure itsoriginal holding, which was under contractwithin a month of formation, The multi-tenanted130,000-sf Amherst Crossing on Route101A in Amherst, NH, that the firm acquired for$8 million in early September could be worththree times that, Knisley estimates. Given thatthe TD Bank loan that forced the former ownerinto foreclosure was in the $20 million range,such an estimate has a basis, and Knisley sayshe felt even more comfortable when TD Bankagreed to finance his firm’s purchase of the15.3-acre center, albeit at $5 million in theirinstance. Reasons for optimism on the plaza’sfuture include a 97 percent occupancy rate andbelow market leases that are set to roll over thenext six to eight years, detailed Knisley. Tenantsinclude Michael’s, Petco and Sports Authority.After buying the Connecticut self-storage inearly December for $11.3 million, Albany Roadmoved on to Rhode Island, an area Knisleyknows well as a native of southeasternMassachusetts and being a former investmentadvisor at KGI Properties, the Ocean State realestate firm where he worked for several yearshelping expand its platform.Knisley returned to secure Metro Center II inWarwick, and this year paid $13.2 million for apromising development in downtown Providence(see story page 24). Listed via the CapitalMarkets Group at Cushman & Wakefield throughits Rhode Island-based partnership with Hayes &Sherry, the 140,000-sf Warwick building was alsohaving leverage issues when Albany Road wasgiven the opportunity to take on the complex.Thechallenge was needing to act in a short time periodwhen the owner was given a chance to payoff the loan if a buyer could be had, and AlbanyRoad’s flexible platform enabled them to step into complete the $13.5 million exchange, explainsKnisley.In that article, the institutionally trainedinvestment expert outlined favorable elementsof Metro Center II that prompted the purchase,among them a stable rent roster where the toptwo tenants rent one-third of the space andhave no lease expirations prior to 2017. There is20,000 sf available, and Knisley expresses optimismhis firm can be competitive thanks to payingjust 55 percent of replacement cost for thehigh-end building. “We view it as a deal thatmade sense from a location position, a valueposition, a credit tenancy position and a qualityposition, and when you put all that together, wecontinued on page 65

THE REAL REPORTER 2013 SUMMER REVIEW 65HERITAGE LANDINGcontinued from page 22tious, fast-track strategy, Murphy cites a broadskill set for confidence Campanelli can accomplishwhat others forsook as the bidding warintensified. “Being a vertically integrated company,we have proven ourselves capable of takingon these large, complex projects,” notes theacquisitions director. Underwriting in such aplatform can be more precise, he opines, andbuying an institutional quality park at barely$45 per sf only steels the firm’s confidence.To enhance that and ensure a world-classcorporate environment, Campanelli has assembleda dream team of office design expertswhose headliners includeMICHAEL FRISOLIDAVID MARTELMargulies PerruzziArchitects, a Boston-basedpractice renowned for itsaward-winning corporatedesigns.C&W had pitchedHeritage Landing as apotential haven for a largeor growing company seekinga corporate identitythat had been deemedsuitable for years by StateStreet, which this decadehas opted to consolidate inBoston’s Seaport Districtnear the Broadway RedLine stop in South Boston.That could be critical, according to someobservers, given that North Quincy is a fewstops south on the Red Line. As a resident historianof the market, Murphy likes to point outthat, “It’s not like companies haven’t moved toNorth Quincy from Boston before,” and rapidlyrising rents in Boston’s Back Bay, FinancialDistrict and Seaport offer further comfort toMurphy. Cambridge office rents now are averaging$50.20 per sf, the RBJ research indicates,well above the $48.35 per sf they were runningat year-end 2012.“With the pricing delta that is emerging,you can be in North Quincy for about half whatit will cost in Cambridge or the Seaport,”Murphy calculates, a formula that might workfor an upstart startup or one tethered to a venturecapital budget with scant patience foroverpriced real estate. “We do think we havean advantage,” he says, and the presence ofsuburban ace Michael Frisoli and Boston expertDavid Martel leading the brokerage campaign,Heritage Landing, Quincy MAMurphy says “we expect to see tenants comingfrom both directions.”As Murphy alluded earlier, Campanelli hasbeen busy on reclamation programs many timesalready. The firm capitalized on the 2008 recessionby teaming up with TriGate Capital tosecure under water real estate throughoutsouthern New England. Discounted pricing andin-house expertise combined with TriGate’s supportto deliver several impressive results. On theSouth Shore, the poster property could be 30Perwal St. in Westwood, a tired flex buildingacquired for $3.8 million in Sept. 2010 andspiffed up enough to attract Steward HealthcareSystems on a long-term lease. The partnershipsold 30 Perwal St. through C&W for $9.5 millionlast December to an affiliate of the Bulfinch Cos.Beyond pricing power and engaging topprofessionals, Campanelli sees the park as adraw for other reasons, including efficient floorplates of 23,000 sf for Heritage Landing I, afive-story, 170,000-sf building constructed in1980, and even larger 33,000-sf floor plates atthe companion structure, Heritage Landing II,that came on line in 1981. And while one closerto Hancock Street and the Neponset RiverBridge might not appreciate the site, Murphyanticipates the bucolic grounds will offer anotheremployee benefit. Branding-sensitive firmsmight also appreciate the park’s sight lines fromthe Southeast Expressway, a roadway motoristsare often creeping along slowly enough to eyethe skyline. ““The visibility is outstanding,” says Murphy,further encouraged by a series of ongoing infrastructureimprovements in Quincy, plus theambitious plan by StreetWorks to revitalizeQuincy Center into a Live/Work/Play destination.ALBANY ROADcontinued from page 63feel we are getting the best suburban officebuilding in the state,” he says. Knisley alsopraises the listing team led by ChristopherGriffin of Cushman & Wakefield and PeterHayes, a principal and SIOR at Hayes & Sherry,for processing the complicated transaction.Beyond Metro Center II’s qualities, Knisleyalso offered a shout out to Rhode Island, insistingthe state’s woes are finally ebbing after havingone of the nation’s highest unemploymentrates and a series of economic failures that ledto a flaccid office market. Warwick, home to T.F.Green Airport, is a business-friendly community,according to Knisley, who also insists Providencehas the foundation for a rebirth. “Providencehas a fairly healthy office market, great entertainmentand restaurants, an Ivy League school,two top design schools and the best culinaryschool on the planet (Johnson & Wales),”observes Knisley. “There’s a dynamic feeling youdon’t get in most places.” And while acknowledgingthat many investors have bypassed thestate since the recession, Knisley expresses ameasure of gratitude to such doubters. “I’mhappy more people don’t go down there,” hesays. “It makes it easier for us to get the goodopportunities like (Metro Center II).” ADVERTISING INFO: ADS@THEREALREPORTER.COM

66CHELMSFORD — Among the 11 CRE salescompleted to date in 2013, Richards BarryJoyce & Partners was the broker for specialservicer LNR when GriffithProperties and Echo BridgePartners took 5 Omni Wayin Chelmsford for $3.8 million.The February sale ofthat 131,250-sf flex/officestructure is another RBJJ. BRAD GRIFFITH Capital Markets leaderChristopher Skeffingtonpredicts will benefit bothsides. LNR secured almost$30 per sf for an emptybuilding in the still-strugglingInterstate 495 Northsubmarket, whereasSkeffington says Griffith hasMARCI GRIFFITH LOEBER a savvy track record and isbuying as favorable economicwinds are finallymoving up Route 3 fromBurlington. The basis is alsoattractive, he says, considering5 Omni Way fetched$18.3 million in Nov. 2005.“I expect they will doJOHN A. MANNIX great with it,” Skeffingtonsays of the buyer, whose well-known leadershipincludes founder J. Brad Griffith Jr. and ChiefInvestment Officer Marci Griffith Loeber. Thecompany also recently brought in veteran JohnA. Mannix as Director of Acquisitions. Griffith hasbeen on a buying spree, also paying $31.3 millionfor 10 Fawcett St. in Cambridge just as thesecond quarter ended (see story office section).Armed with a branding campaign of “OpenTo Business,” the new ownership has retainedRBJ as exclusive leasing agent for the structureTHE REAL REPORTER 2013 SUMMER REVIEWFive Omni Way ‘Open To Business’5 Omni Way, Chelmsford MAthat will soon feature a two-story glass atriumin the lobby, enhanced window line andimproved daylighting, plus façade upgrades anda landscaping plan to enrich its appearance.“With new, stable ownership and a comprehensiverenovation plan underway, we have alreadybegun fielding significant interest in 5 OmniWay”, relays RBJ principal Brian McKenzie. “Thebuilding has a rich history of being home toworld-class tenants and we see that trendresuming in the near term.”RBJ CRE TRADEScontinued from page 26“The building was hardly ever empty at all.”Besides Skeffington, other members of RBJ’sCapital Markets division are Kristin Joyce,Joseph Olin and RoySandeman.One month after completingthe Franklin deal,another savvy localinvestor was involved onthe other side of the aislefor RBJ’s largest trade inJOSEPH OLIN 2013, the $14.5 millionexchange of MetroWestPlace in Framingham, astylish 95,000-sf officebuilding overlooking theMassachusetts Turnpike.Investor Paul Marcussecured 111 Speen St.from RREEF for his BostonbasedMarcus ROY SANDEMANPartners.TheROBERT DEMARCOPAUL MARCUSsale equates to $126 persf and had a capitalizationrate of 7.5 percent.The data center was a$12.0 million outcome forWinthrop Realty Trust inselling to Carter ValidusMission Critical REIT. Thesale price of $129 per sfreflects a lease of theentire 92,700 sf through2022 to Windstream. Thatprocess did whet RBJ’sappetite, relaysSkeffington. “We learneda lot from that experience,and we’d love to do moreof them,” he says. “We dosee that as a growth area for us.”The Boston deal was also intriguing, hesays, as St. Anthony’s Church sold 103 Arch St.,to developer William J. Thibeault, who is said tobe eyeing a multifamily project of 15 to 20units. The sale price was $2.2 million. UMASS LAB DEALcontinued from page 32est in attracting new tenants or maintaininginvestment in the properties.”In a press release, Alexandria characterizedthe sale as a strategic decision to concentrateits Greater Boston portfolio inside Route 128“rather than invest significant capital to repositionthe assets” for sale to another party.Vacancy in the properties is approaching 50percent, a situation that makes the park ripe forUMass to increase its presence there as a tenant.Alexandria “intends to reinvest the proceedsfrom these suburban assets into highervalue,Class A, CBD assets in Cambridge,”where a good portion of its 4.2 million sf BayState portfolio is concentrated.Dating to 1985, the Massachusetts BiotechResearch Park is a 105-acre campus encompassingnearly one million sf. It houses morethan a dozen biotechnology companies, plusacademic and non-profit institutions, a hoteland meeting facilities.

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE108-110 Blaisdell St. and 80-82 Blossom St., Haverhill Coleman P. McDonough Lowell Five Cent Savings Bank $189,751108-110 Blaisdell St. and 80-82 Blossom St., Haverhill Coleman P. McDonough Lowell Five Cent Savings Bank $270,00035 Chauncy St., Westborough JSP Realty Investments LLC Middlesex Savings Bank $595,000376 Birnie Ave., Springfield Springfield Group Inc People’s Bank $1,000,00017 Sewall St., Peabody Wallis Associates, Middlesex Federal Savings Bank $1,000,00028-48 Loon Hill Rd., Dracut Albanese Realty LLC Eastern Bank $1,000,0009 Leominster Connector, Leominster Longstone LP Fidelity Co-Operative Bank $1,000,000140 Bowdoin St., Boston Bostonview Corp Brookline Bank $1,000,00026-28 Main St., Townsend M & MS Realty LLC Enterprise Bank & Trust Co. $1,000,00085 River St., Waltham Colonial Shopping Center Inc Rockland Trust $1,000,000285 Plain St., Brockton Crown Place Realty Corp Rockland Trust Co. $1,000,000201 Cedar Hill St., Marlborough Walker Realty LLC Patriot Community Bank $1,000,00083-89 Speen St. Natick Sean P. McGrath Middlesex Savings Bank $1,000,000170 High St., a/k/a 99 Cedar St., a/k/a 99 Cutter St., Waltham 170 High Street LLC Bank of America $1,000,00030 Haven St., Reading OAK-RJF 30 Haven LLC Enterprise Bank and Trust Co. $1,000,000Units 2-1, 2-2, 2-3, 2-6, 3-2, 3-3, 3-6, 4-3, 4-4 Cedarlily LLC Winter Hill Bank $1,000,000and 4-6, 154 Cedar St., Somerville54-56 Elm St., Newton Lev Romm The Village Bank $1,000,00012, 20 and 24 Grover St., Natick Grover Street LLC Middlesex Federal Savings $1,000,00048-50 Plymouth St. and 92-96 Richdale Ave., Cambridge 48-50 Plymouth Street LLC and 92-96 Richdale Avenue LLC Stoneham Savings Bank $1,000,0002087 Peterson Rd., Athol and 136 Farm Rd., Marlborough Community Resources for Justice Inc RBS Citizens $1,000,0003 Kent Court, Somerville 3 Kent Court LLC Berkshire Bank $1,000,000120 Kendrick St., Boston Kenrick LJS LLC Cambridge Savings Bank $1,000,0001 Garden St., U-10, Boston Linden LJS LLC Cambridge Savings Bank $1,000,00088 Sleeper St., Boston Scott Garvey and Stuart J. Vidockler RBS Citizens $1,000,000210 Amory Street and 146 Boylston St., Boston Russell A. Stewart South Shore Savings Bank $1,000,000360-380 Main St., Wilbraham SK3 Realty LLC Chicopee Savings Bank $1,000,000116 State Rd., Bourne Kevin Dooley Bank of Canton $1,000,00012-36 East Central St., U-4, Franklin 12-36 East Central Street LLC Rockland Trust Co. $1,000,000200 Fallon Rd., Stoneham Park Avenue LLC Belmont Savings Bank $1,000,00081 and 83-99 East Cottage St., Boston Diamond 98 LLC Cathay Bank $1,000,00085 River St., Waltham Colonial Shopping Center Inc Rockland Trust Co. $1,000,0004 Leicester St., Brighton 4 Leicester LLC The Village Bank $1,000,000121 Arsenal Street and 100 North Beacon St., Watertown PAR Hospitality LLC Belmont Savings Bank $1,000,000501 East Broadway St., Boston 501 East Broadway LLC Rockland Trust Co. $1,000,000530 Broadway, Lawrence Gino Mills LLC Sovereign Bank $1,000,00015 Hinckley Rd., Barnstable Late September LLC Bank of Cape Cod $1,000,000259 Main St., Hyannis Superior Hotel Management Corp TD Bank $1,010,000283-293 Second Ave., Waltham SPS Second Avenue LLC Bay Colony Development Corp. $1,020,0009, 72 and 78 Saw Mill Rd., Duxbury Medinah Corp Holbrook Cooperative Bank $1,025,000722 Plantation St., Worcester 722 Plantation LLC Spencer Savings Bank $1,025,00017 Foster St., Brockton Affordable Properties LLC Mansfield Cooperative Bank $1,027,000244 Washington St., Hudson James G. Boyle The Village Bank $1,030,00028 Myrtle St., Boston 28 Myrtle Street LLC NorthEast Community Bank $1,031,00010 A St., 190 Dorchester Ave., 493-495 East Seventh St., Charles C. Dumbraugh and Karin A. Dumbraugh, trustees of Brookline Bank $1,032,42545 Rutland St., and 99-105 West Fourth St., Boston 493-495 East Seventh Street Realty TR and 45 Rutland Street Realty TR470 East Eighth St., Boston 470 E 8th St LLC First Commons Bank $1,037,00011 Daisy St., Lawrence; 74-76 Grant St., Lynn; Scudder Bay Capital LLC East Boston Savings Bank $1,040,000and 328 Worcester St., Southbridge375 Pasco Rd., Springfield Recor Investments LLC Country Bank for Savings $1,040,0001 Airpark Way and 2073 Westover Rd., Chicopee Sweeney Transportation Inc Nuvo Bank & Trust Co. $1,050,000Lots 1A and 78A Country Mill Rd., and Lot 20A Mill Pond Rd., Bolton Old Stone Estates LLC United Bank $1,050,000556 Main St., Malden JoJo Realty LLC Stoneham Bank $1,050,00082 Johnson Rd., Carlisle Mosaic LLC Cambridge Savings Bank $1,050,000114 Lothrops Ln., Barnstable; and 168 Industrial Dr., Mashpee Mashpee Fitness LLC Cape & Islands Community Development Inc. $1,051,000749-751 Broadway St. and 3 Gladstone Ter., Everett Wilmaued Realty LLC Everett Co-Operative Bank $1,057,000410 Waverley St., Framingham Bullard Building LLC Avidia Bank $1,060,000216, 218 and 220 Pearl St., Springfield Sunset Properties LLC Standard Insurance Company and Oregon Corp. $1,075,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE59 Technology Dr., Lowell Fifty-Nine Technology LLC New England Certified Development Corp. $1,080,000835 and 839 Main St., Worcester A. Hammond LLC Country Bank for Savings $1,080,00015, 17, 19 and 21 N. Beach St., Nantucket James T. Garnache First Republic Bank $1,081,00010, 16 and 18 South Main St., Topsfield Topsfield Crossing LLC Pentucket Bank $1,082,000296-300 Bowdoin St., 23 Hosmer St, and 233-235 Norwell St., Boston McGregor 1 LLC First Trade Union Bank $1,087,017110-112 Pleasant St., Malden Joseph DeRenzis East Cambridge Savings Bank $1,095,0002-6 West St., Units 1, A, B and J, Weymouth U. Prakash Rau Weymouth Bank $1,099,500225 Rivermore St., Boston Abnote USA Inc Citibank $1,100,000672-674, 684-696 and 688-692, Moody St., Waltham Frank D. Valentino Rockland Trust Co. $1,100,00056 Temple St., Boston 56 Temple Street LLC Eagle Bank $1,100,000195 Bunker Hill Street, U-2 Charlestown; 27 Irma St., U-3; and We Close The Deal LLC Mansfield Co-Operative Bank $1,100,00043 Waumbeck Street, U-3, Dorchester; 36 West Eagle Street, U-1,East Boston; 32 Arcadia St., Revere; 25 Tyler St., Units 1 and 2, Somerville;and 103 Summit Avenue, U-1, Winthrop160 Commercial Ave., Units 3 and 3A, Boston Ivy Street Investments LLC TD Bank $1,100,000344 North Main St., U-348B; 346 North Main St., U-348A; Grayshaw Realty LLC Enterprise Bank & Trust Co. $1,100,000and 348 North Main St., U-348, Andover33, 35, 37 and 39 Lynbrook Rd., Southborough Lynbrook Development LLC United Bank $1,100,00055 Gilmore Dr., Sutton Savic Realty LLC Spencer Savings Bank $1,100,00022 Reedsdale St., a/k/a 16-22 Reedsdale Ave., Boston Marc Resnick and Perry D. Stolberg Digital Federal Credit Union $1,100,000203-205 Winthrop Rd., Brookline DDG Winthrop LLC Pilgrim Bank $1,100,00012, 22 and 28 Parkland Ave., Lynn Gordon R. Hall Middlesex Federal Savings Bank $1,100,000208-212 South Meadow Rd., Plymouth South Meadow Property Trust Hingham Institution for Savings $1,110,0006 Symphony Rd., Boston MESA Properties LLC Lowell Five Cent Savings Bank $1,112,0002 Dwight St., 157 Exchange St. and 78 Front St., Chicopee Acclaim Properties Inc Sovereign Bank $1,116,90091 White St., Haverhill Ninety One White Street LLC River Works Credit Union $1,120,00012 Beach Rd., Salisbury 12 Beach Road LLC Enterprise Bank & Trust Co. $1,125,000Clement Road, Dracut PAV Properties LLC Lowell Five Cents Savings Bank $1,125,000700 Main St., Barnstable CIP Hyannis LLC Rockland Trust $1,130,00011 Willow Rd., Ayer Parmalees LLC Middlesex Savings Bank $1,136,000355-357 and 359-365 Broadway St. and 7 Holly St., Lawrence Cibao Realty LLC Lowell Cooperative Bank $1,140,000436 Marrett Rd., Lexington Autobahn Engineering LLC Digital Federal Credit Union $1,140,000150 Richardson Corner Rd., Charlton; 57A and 57B Coughlin Rd, The Barton Center for Diabetes Education Inc TD Bank $1,150,00060-66 Clara Barton Rd. and 4, 28 and 30 Ennis Rd., North Oxford22 Dwight St., Boston AEP LLC Pilgram Bank $1,150,00084 and 86R River St., Andover Taylor Cove Development LLC Bank of New England $1,150,00046-50 Prospect St. Waltham First Eastern Realty Partners LLC Eastern Bank $1,150,000Cider Mill Lane and Rockland Street, Lots 1, 2, 4 and 5, Natick B&B Land Corp MutualOne Bank $1,160,000360-374 Broadway St., Lawrence Leonard F. D’Orlando Salem Five Cents Savings Bank $1,162,500Clement Road, Dracut PAV Properties LLC Lowell Five Cents Savings Bank $1,170,000156 Ballou Ave., 18 Josephine St. and 47-49 Savin Hill Ave., Boston My Van Nguyen Eastern Bank $1,173,500Lot 2 Hawley Rd.; and Lots 4, 5 and 6 Irving Rd., Scituate Marvel Homes LLC Scituate Federal Savings Bank $1,175,000201 Chadwick Rd., Orchard Hill Rd., Lot B-19; and Boxford Road, Haverhill BCC Enterprises and Murphy Golf Management Inc Haverhill Bank $1,175,000469-477 Concord Ave., Cambridge 477 Concord Avenue LLC Winter Hill Bank $1,181,000721-723 Parker St., Boston 721 Parker LLC East Boston Savings Bank $1,182,250400 Cadwell Dr., Springfield Bassette Realty LLC, People’s United Bank $1,184,000205 Main St., North Reading Tonelli Realty LLC Enterprise Bank & Trust Co. $1,185,000174 Olde Canal Dr., Lowell JC Building LLC Citibank $1,190,0004,10 and 14 St. Augustine Dr., Westford 487 Groton Road Westford Builders LLC Lowell Five Cent Savings Bank $1,197,000717 Atlantic Ave., 170 Cliff Ave., U-1, and 45A Florence Ave., Boston; Gurnam Saini and Mohan Saini Leader Bank $1,200,000and 84, 90 and 92 Spring St., Medford1259-1269 Broadway, Somerville Francis D. Privitera East Boston Savings Bank $1,200,0001776 Lock Dr., Leominster Bradford A. Spencer Digital Federal Credit Union $1,200,000246 Park St., West Springfield Redwood Realty LLC United Bank $1,200,0007-9 Esmond St., Boston A&R Holdings LLC The Cooperative Bank $1,200,00019-21 Montvale Ave., Stoneham Stoughton-Nawrocki LLC The Savings Bank $1,200,00030-50 Chestnut St., Needham Alfred W. Greymont Walpole Co-Operative Bank $1,200,000161,163 and 165-173 Andover St., Danvers 161 Andover Street LLC TD Bank $1,200,000Lot 2B Wyndemere Dr., Southborough Landmark Property Holdings LLC Middlesex Savings Bank $1,200,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE21-23 Aldie St., 34-36 Coolidge St. and 21 Easton St., Allston Kevin C. Ryan Eastern Bank $1,200,00045 Leland St., Framingham; and 8-10-12 Perry St., Alfred L. Connell and Sean P. McGrath Middlesex Savings Bank $1,200,000a/k/a 8, 10 and 12 High St., Grafton87 Adams St., 498 Blue Hill Ave., 17 Dunlap St., 89 Elwyn Rd., HMB LLC Boston Bank & Private Trust Co $1,200,00033 Harold St., 4-6 Nelson St., and12 Wildwood St., Boston220 Providence Rd., Grafton Broadmeadow Realty LLC UniBank for Savings $1,200,00016 Huron Dr., Natick Lorraine Kuchinsky and Steven M. Kuchinsky Eastern Bank $1,200,000540 Main St., Units 7, 10, 11, 12, 16 and 18, Barnstable 540 Main LLC Bank of Cape Cod $1,200,000647 West Falmouth Hwy., Falmouth; 1080 Washington St., U-1, 330 Main Street and 647 West Falmouth Highway Realty TR Eastern Bank $1,200,500Hanover; 129 Summersea Rd., Mashpee; and 330 Main St.,, Wareham17, 19-21, 23-25 and 27-29 Orient Ave., Arlington Sean D. Galvin Leader Bank $1,204,000238 Elm St., Bridgewater Elm Residences at Bridgewater LLC Rockland Trust Co. $1,220,00070-72 Union Street and Swan Street, Medford Carli Brothers LLC Winter Hill Bank $1,225,000481 Columbia St., and 94 Webster Ave., Somerville David Aposhian East Cambridge Savings Bank $1,239,000138 Needham St., Newton Needham Street LLC The Village Bank $1,240,000266-268 and 294 Bennington St., 366 Brennan St. and 351 Chelsea St., Louie Roberto and Rita M. Roberto Middlesex Savings Bank $1,248,000East Boston; 50 Lebanon St., Melrose; and 115 Walnut Ave., Revere4, 10, 20, 26 and 30 Bellevue Ave., Brockton JORO Realty LLC, RHJH LLC and 7117 ROJO LLC Bridgewater Savings Bank $1,250,000360-374 Broadway St., Lawrence Leonard F. D’Orlando and John A. Gehrisch trustees of the Brookline Bank $1,250,000Governors Joint Venture Realty TRGreen Street, Foxborough Mansfield Oxford 31 LLC United Bank $1,250,0001683 and 1685 Beacon St., Brookline 1683 Beacon Street LLC and 1685 Beacon Street LLC Cambridge Trust Co. $1,275,000446 Main St., and 7-9 South St., Medfield Medfield 446 Main LLC Dedham Institution for Savings $1,275,00013 and 14 Cedar St., Amesbury Cedar Tree Development First Ipswich Bank $1,275,000100 Granger Blvd., U-106, Marlborough Granger Boulevard Realty LLC Webster National Bank $1,275,0009 Main St., Sutton Manchaug Mills UniBank for Savings $1,300,000169-191 Washington St., Winthrop Winthrop Lodge North Shore Bank $1,300,00028-32 Centre St., a/k/a 28-38 Center St.,Watertown EuSocial Development LLC East Cambridge Savings Bank $1,300,000150 Dover Rd., Millis Radio Frequency Company Inc RBS Citizens $1,300,00097 Auburn St., Newton Lev Romm The Village Bank $1,300,0009 Monmouth St., Somerville Monmouth Street Development LLC Mansfield Co-Operative Bank $1,307,0003 Benton Rd., Somerville Shannon Street LLC Dedham Institution for Savings $1,333,250349 Dedham St., Newton Chabad-Lubavitch, Inc The Village Bank $1,338,42017 and 19 Green St., Milford GAR Green Street Realty LLC People’s Federal Savings Bank $1,340,500533 East Broadway St., Boston 532 East Broadway LLC First Commons Bank $1,344,900Blue Hill Avenue, Lots 3, 4 and 5; f/k/a 1661 Canton Ave., Milton James Lamarr Walpole Co-Operative Bank $1,350,00018 Pond St., Boxford; 21 Bradley Ave., Haverhill; 47 Cochichewick Dr., Samuel J. Conte and Laiza L. St. Onge Georgetown Savings Bank $1,350,000U-16, North Andover7 Upper Church St., West Springfield Castle Pines LLC Florence Savings Bank $1,350,000652 West Center St., West Bridgewater ANG Management LLC Bristol County Savings Bank $1,350,00028-30 Elliott St., and 104-106 Green St., Reading James S. Marino Winchester Savings Bank $1,360,000450 Commercial St., Boston ZAS LLC Institution for Savings in Newburyport and Its Vicinity $1,360,0003313 Washington St., Jamaica Plain, Boston Jack Realty LLC, Rockland Trust $1,365,000188 Main St., Wilmington Charles D. Hannoosh and John D. O’Donnell The Lowell Five Cent Savings Bank $1,375,0004-12 and 16-18 Elm St., and 711-723 Somerville Ave., Somerville Leonard F. D’Orlando and John A. Gehrisch Brookline Bank $1,375,00023 Symphony Rd., Boston Christina E. Pavlina Brookline Bank $1,378,00065 Chestnut St. and Oak Street, Needham Granville Investments LLC Walpole Co-operative Bank $1,380,000380 Commercial St., U-1C, Boston; and 77-79 Ferry St., Everett Forzi Azzurri LLC Avidia Bank $1,380,000455 Whitney Ave., Northborough N and B Realty LLC The Cooperative Bank $1,400,00023 Mall St., Lynn Douglas Hyde Sovereign Bank $1,400,0008 Brookside Ave., 126 Day St. and 7 Mark St., Boston 8 Brookside Avenue LLC, 126 Day Street LLC and 7 Mark Street LLC Enterprise Bank & Trust Co. $1,400,00077 and 79 Holbrook St., Norfolk DiPlacido Development Corp Walpole Co-operative Bank $1,400,000192 and 196 Pleasant St., Yarmouth Jessie’s Lane LLC Cape Cod Cooperative Bank $1,400,00029-29A Winter St., Malden Alfred R. Razzaboni The Savings Bank $1,410,0002684 Main St., Chatham Levis Path LLC Salem Five Cents Savings Bank $1,413,500503-509 Main St., Melrose 503-509 Main Street Melrose LLC Salem Five Cents Savings Bank $1,419,881170 Oak Hill Way, Brockton 170 Oak Hill Way LLC Independence Bank $1,425,00010 New Driftway , Units 101, 104-105 and 301-303, Scituate, Country Way Associate LLC, Co-Operative Bank $1,430,00010 Greylock Rd., Allston; 669 Massachusetts Ave., Boston; Steffanie Finn Digital Federal Credit Union $1,435,000and 156 South St., Jamaica Plaincontinued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE15A Linden St., Allston; and 14-16 Lourdes Ave., Jamaica Plain David Finn Digital Federal Credit Union $1,435,000194 South Main St., Georgetown 2 Aces LLC Citibank $1,440,00063 Marlboro St. and 81-83 Spencer St., Chelsea; Imstar LLC, First Trade Union Bank $1,444,000and 72-74 Thornton St., Revere125, 135 and 150 Holmes Rd., Eastham Steven J. Magliano Seamens Bank $1,450,000575 South St., Carlisle Benfield Farms LP Bank of America $1,450,000471 Wareham St., Middleborough 471 Wareham St., Middleborough South Coastal Bank $1,450,00034 Edgar Ave. and 117-119, 121 and 123 Heath St., Somerville Esmaeil Mahdavi and Yeganeh Salehpour Northmark Bank $1,452,00031 Antwerp St., Boston Gourmet Realty LLC Cambridge Trust Co. $1,462,000269 and 273 Littleton Rd., Chelmsford Swaminijay LLC Rockland Trust $1,465,50070 Chester St., 51 Gardner St., 5-7 Hovey St., 17-17A Joseph A. Ciliberti and Michael Ciliberti Peoples Federal Savings Bank $1,475,000and 25-27 Pratt St., Allston; 90-92 Harriet St., Brighton;5-7 Hovey St., Quincy; and 37-39 Union St., Watertown3 Federal St. and 152 Sylvan St,. Danvers Jeremy S. Lee and William E. Lee North Shore Bank $1,475,00012, 18, 29 and 31 Rock Hill Rd., Boston Matthew D. Hayes a/k/a Matthew Hayes East Boston Savings Bank $1,500,0003050 Washington St., Roxbury 3050 Washington Street Roxbury LLC Walpole Co-Operative Bank $1,500,00026-28 Main St., Townsend M & MS Realty LLC Enterprise Bank & Trust Co. $1,500,000160 Pawtucket Blvd., Tyngsborough Gray Wolf Realty LLC Stonehedge Inn Corp. $1,500,00095-99 Freeport St., Boston Waterford Two LLC Mutual One Bank $1,500,00010 Dewline Rd., 42-48 Highland Rd. & 67 South Highland Rd., N. Truro A/C Mobile Home Park Inc., Cape Cod Five Cents Savings Bank $1,500,000135 Summer St., Malden 105A Ferry 135 Summer Street LLC Everett Co-operative Bank $1,500,000384 East Main St. and 576 Worcester St., Southbridge; Gregory S. Cormier Savers Co-Operative Bank $1,500,000and 504 Main St., Sturbridge395 Southampton Rd., Westfield Frank A. Demarinis Country Bank for Savings $1,500,00055 Elm St., Dedham Namequoit LLC Dedham Institution for Savings $1,500,000784 Tremont St., Boston 784 Tremont Street LLC East Boston Savings Bank $1,500,00010 Old Mine Rock Way, Hingham John M. Lund Eastern Bank $1,500,000107 Adams St., Waltham Golfo LLC First Commons Bank $1,500,000Middlesex Federal Savings Bank 1852 Ocean Street LLC Middlesex Federal Savings Bank $1,500,000589 Washington St., Wrentham Gerard C. Lorusso Norwood Cooperative Bank $1,500,000157 Union St., Framingham Robert D. Sullivan Eastern Bank $1,500,000189 Main St., Gloucester Hecht 189 Main LLC Cape Ann Savings Bank $1,500,0003 Fenwick St., Framingham D and D Capital LLC United Bank $1,500,00010 Chester Ave., 85 and 87 Congress St., 18 Grove St., 56-60 D’Amico LP and Shurtleff Realty TR Stoneham Bank $1,505,000and 149-151 Hawthorne St. and 77-81, 147-149, and149-151 Shurtleff St., Boston10 Chester Ave., 85 & 87 Congress St., 18 Grove St., 56-60 D’Amico LP and Shurtleff Realty TR Stoneham Bank $1,519,000and 149-151 Hawthorne St. and 77-81, 147-149,and 149-151 Shurtleff St., Boston163 Beacon St., Units 1 and 9R; 2 Hawthorne Pl., Units 9K Steamboat Realty LLC Brookline Bank $1,520,000and 16, 20 Rowes Wharf, U-304; and 151 Tremont St., U-9R, Boston26, 28-40, 42 and 44 Essex Rd., Ipswich John J. Bruni Salem Five Cents Savings Bank $1,525,00098 Robinwood Ave., Jamaica Plain James Stamatos and Sam Stamatos Endeavor High Yield Mortgage Fund LLC $1,525,00015 North Beacon St., Units NR-1A, NR-1B, NR-1C, NR-1D, NR-2A, George J. Stamatos and Christos G. Stamatos Endeavor High Yield Mortgage Fund LLC $1,525,000NR-3A, NR-3E, NR-3H, NR-31 and NR-4, Allston495 Cabot St., UC-4, Beverly; & 1011 Osgood St., U-7B, North Andover Trigilio Management LLC Enterprise Bank & Trust Co. $1,525,00040 Cedar St., Somerville RCG Cedar Renewal LLC JPMorgan Chase Bank $1,550,00038-48 Washington St., Natick Walnut Hill Management Corp MutualOne Bank $1,564,000695 Truman Park Highway, Hyde Park 695 Realty Corp North Middlesex Savings Bank $1,580,00016 Atlantic Ave., Marblehead Sixteen Atlantic Avenue LLC Brookline Bank $1,589,07797-97A Main Street and 1-10 Village Sq., Westminster 97 Main Street Realty LLC Fidelity Cooperative Bank $1,600,00065 Old Colony Way, Orleans 65 Old Colony Way LLC Cape Cod Five Cents Savings Bank $1,600,000210 Eastern Ave., a/k/a 200 Eastern Ave., Gloucester Ryann C. Flynn, Rockport National Bank $1,600,00061-63 Moraine St., Belmont Nicholas A. LaFauci East Boston Savings Bank $1,600,000332 Copeland St., Quincy RECE Ltd Stoneham Bank $1,600,0006-20 and 24 Albany St., and 3, 5 and 7 Albany Ter., Lynn North Shore Realty Group LLC Eastern Bank $1,600,0001416-1428 Beacon St., Brookline Beacon-Summit Realty Corp., Eagle Bank $1,600,00020 Ericsson St., Dorchester Venezia Real Estate LLC East Boston Savings Bank $1,600,000177 Wells Ave., Newton JWD Wells Avenue LLC The Cooperative Bank $1,600,00030 Tyler Prentice Rd., Worcester First Assembly of God of Worcester Central One Federal Credit Union $1,600,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE5-7 and 9-11 Etna St., and 8-10 Glencoe St., Brighton Glenetna Plaza LLC JPMorgan Chase Bank $1,620,000695 Truman Park Highway, Hyde Park 695 Realty Corp North Middlesex Savings Bank $1,635,000287-301 Elliot St., Newton G&C LLC Watertown Savings Bank $1,650,0001048 Dorchester Ave., Boston The Northeastern Conference Corp. of Seventh-Day Adventists Eastern Bank $1,650,00029 Cedardale Rd., 10 Driftwood Ln., Harwich , 10-12, 18-20, 34-36, Harwich Ecumenical Council for the Homeless Inc Cape Cod Five Cents Savings Bank $1,658,205and 58-60 Woodcock Ln., South Dennis, 6-8 Sachem Village Rd.,West Dennis, 15-17 Uncle Willis Ln., West Harwich, 91-93 Weir Rd.,Yarmouth Port, and 25-27 Wampanoag Rd., South Yarmouth233 Lafayette St., Salem 233 Lafayette LLC United Bank $1,680,000323 Broadway, Cambridge Wilkins Management Inc First Republic Bank $1,680,000320 Stevens Ave., Units F-1, F-3, G-1 and G-2, Hyannis Flagship Estates Hyannis LLC Mechanics Cooperative Bank $1,687,50070 Howard St., Somerville 70 Howard LLC Bank of New England $1,700,000331, 335 and 339 Lower County Rd., Harwich Rupert L. Nichols Family LP Cape Cod Cooperative Bank $1,700,000120 and 122 Water St., Danvers; and 175 Fort St., Salem Water Street Realty LLC Sterling Real Estate Holding Co., NYC $1,700,000166 North Main St., Andover Nathan Frye LLC Enterprise Bank & Trust Co. $1,700,0009 Abbotsford Rd., U-3; 39 Alpha Rd., U-2; 95 Draper Rd., U-3; Equity Builders LLC Webster Bank $1,700,0007 Ferndale St., Units 7, 9A and 9B; 18 Franklin St., Units 1 and 2;1 Lorenzo St.; 46 Lyon St., U-1; 144 Norwell St., Units 1-3, Boston;and 21 Staples Rd., U-47, Everett40 Newmarket Sq., Boston The Katsiroubas Family Real Estate Partnership LLC Citibank $1,706,250467 Massachusetts Ave., Boston Pam & Stone LLC Clinton Savings Bank $1,725,00070 Bellingham St., U-3; 6, 8 & 48 Chestnut Ave.; & 292 Washington St., Lolastar LLC Mansfield Co-Operative Bank $1,725,000U-1L, Chelsea; 546 Ashmont St., U-2; 12 Hesston St., U-1; 27 Irma St.,U-1;, and 50 Percival St., U-1, Dorchester; 71 West Selden St., U-4;Mattapan; 35 Walworth St., U-3, Roslindale; 48 Alpine St. and77 Marcella St., U-3, Roxbury; & 690 Dorchester Ave., U-B, South Boston17 Foster St., Brockton Affordable Properties LLC Mansfield Cooperative Bank $1,728,000119-127 North Washington St., Boston 119-127 North Washington St., Boston Eastern Bank $1,739,46443 Twin Diamond Dr., Bridgewater; and 32 and Daniel R. Evans Jr. Webster Bank $1,744,50046 North Manchester St., Brockton90 Adam St., Dorchester; and 28 Fawndale Rd. Frank McNamara The Cooperative Bank $1,750,000and 36 Granfield Rd., Roslindale99 Newbury St., Boston New England Historic Genealogical Society Eastern Bank $1,750,00021 Beacon Hill Ave., 95 Cottage St., 6 Cypress Pl. 25 Nahant St. George C. Banos and David G. Hughes Lowell Cooperative Bank $1,765,000and 69 Park St., LynnTirrell Street*, Weymouth Ryder Development Corp. South Shore Savings Bank $1,800,000151 Oak St., and 70 Stage Coach Rd., Barnstable Barnstable Housing Authority Eastern Bank $1,800,00016 River St., Boston 16 River Street LLC Dedham Institution for Savings $1,800,00032 Oxford St., and 14 Ping On Alley, Boston Centerra Realty LLC Digital Federal Credit Union $1,800,000626 Centre St., Boston Christos G. Stamatos and George J. Stamatos Dedham Institution for Savings $1,825,00047 East Main St., West Brookfield; and 12 George St. Sheehan Debt Acquisition LLC, 12 George Street LLC and Berkshire Bank $1,835,535and 26-30 Harvard St., WorcesterWorcester Health Group LLC10 Bellamy St., Brighton Brighton Health Group LLC Berkshire Bank $1,835,5355 Fifth St., Peabody Peabody WR Properties LLC People's United Bank $1,850,00059 Cedar St., Somerville Silva Realty LLC Institution for Savings in Newburyport and Its Vicinity $1,850,00047-49 Crescent St., Wakefield Timothy J. MacDonald Jr North Shore Bank $1,862,41325 Franklin St., Malden American Maplewood Properties LLC North Shore Bank $1,862,413134 Leominster-Shirley Rd., Luneburg SMD Development LLC Rollstone Bank and Trust $1,880,00033 High Rd., Newbury Federal Street Restorations LLC Georgetown Bank $1,880,000Units B, C and D at Flagg Uxbridge Condominiums, Flagg Realty LLC Rollstone Bank and Trust $1,888,000865 Quaker Hwy., UxbridgeRiver Road, Pepperell Pepperell Meadows Associates LP, BostonPost Capital $1,900,000200 Middlesex Tpk., Burlington Madnic Realty LLC Belmont Savings Bank $1,900,000145 Rosemary St., Needham Rosemary Office Associates LP Washington Trust Co. $1,900,000311-317 Broadway and 2-8 Pleasant St., Revere Revere Investments LLC, First Ipswich Bank $1,900,00038-48 Damrell St., and 171 and 177 Old Colony Ave., Boston 668 Enterprise LLC Blue Hills Bank $1,900,00027 Bow St. and 149 West Bacon St., Plainville Heather Hill Investments and Wentworth Hill Investments LLC Mansfield Co-operative Bank $1,900,00047 Middlesex Tpk., Burlington Forty Seven Middlesex Tpk LLC Cambridge Trust Co. $1,900,000362-364 Washington St., Brighton SA & ZE Co., LLC JPMorgan Chase Bank $1,915,000232 Main St., Barnstable Wayne Kurker Bank of America $1,925,00024 Joy St., Boston 24 Joy LLC South Shore Bank $1,940,0001362-1378 Dorchester Ave., Boston T-Le Enterprises LLC First Ipswich Bank $1,950,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE346 Newbury St., Boston DeWitt C. Clemens Blue Hills Bank $1,950,00038-48 Damrell St., and 171 and 177 Old Colony Ave., Boston 668 Enterprise LLC Blue Hills Bank $1,954,0007 Union St., Nantucket Waterfall Enterprises Inc Nantucket Bank $1,992,00012 Beach Rd., Salisbury 12 Beach Road LLC Enterprise Bank & Trust Co. $1,995,00021 Burke Dr., Brockton Antenna Associates Inc. RBS Citizens $2,000,000139 Alma St., 23 Bowers St., 13 Farmland Rd. & 22 Rockdale Ave., Lowell Steven J. DeRosa East Boston Savings Bank $2,000,000159 Thomas Burgin Pkwy., Quincy National Association of Government Employees Liberty Bay Credit Union $2,000,000356 and 360 Andover St., Danvers PF Danvers LLC East Boston Savings Bank $2,000,000281-287 & 289-293 Causeway St.; & 219, 221-225 Endicott St., Boston PDJM Land Trust LLC Northmark Bank $2,000,00011 and 13 Chesterton St. and 903-909 Mass Ave., Boston Thomas H. Scott Rockland Trust Co. $2,000,00020 Waltham St., Lexington Wallex Realty LLC Stoneham Bank $2,000,00012-14 Parker Hill Ave., Boston 14 Parker Hill Ave LLC South Shore Bank $2,000,00040-41 Anderson St., 879 Beacon St., 447 Park Dr. 40 Anderson Street LLC, 879 Beacon Street LLC, 447 Park Drive LLC East Boston Savings Bank $2,000,000and 72 Revere St., Boston23-35 Chesterton St., Boston Chesterton Street Realty LLC Bank of America $2,000,0002 Canton St., Stoughton Stoughton Center Business Park LLC Rockland Trust Co. $2,000,000175 McClellan Hwy., a/k/a 144 Addison St., Boston Bulgroup Colorado LLC People’s United Bank $2,000,00029 Middlesex St., Haverhill George Haginicolas and Steven Haginicolas North Shore Bank $2,000,00082 Dover St., Somerville Dover Real Estate Development LLC, Saugus Bank $2,000,000203-209 Centre St., and 321-329 Main St., Malden Main Street/60 Associates LP South Shore Bank $2,000,00010 Meetinghouse Rd, Littleton Caddick Littleton LLC EverBank $2,000,000353 Cambridge St., Winchester Curtis D. Bonnell, Ralph H. Bonnell III and Steven C. Bonnell Winchester Cooperative Bank $2,000,000240 Andover St., Peabody CEA Peabody LLC Cambridge Savings Bank $2,000,0001060 Osgood St., Andover Tiam Realty LLC NMTW Community Credit Union $2,000,00020 Turcotte Memorial Dr., Rowley Frangia Realty LLC Salem Five Cents Savings Bank $2,000,00093 Cliff St., Douglas Beaupre Properties LLC MCU Commercial Services $2,000,000218 Turnpike Rd., Southborough R.H. Long Motor Sales Inc., Sovereign Bank $2,000,000337-339 Beacon St., Somerville RCG Beacon Greenwood LLC JPMorgan Chase Bank $2,009,200275 Cabot St. and 50-56 River Street Condominium, U-50, Beverly; Thomas Carnevale Saugus Bank $2,009,750and 100 Burrill St., Swampscott26 High St., Clinton; and 634 Teaticket Hwy., East Falmouth Aubuchon Realty Company Inc TD Bank $2,020,00026 High St., Clinton; and 634 Teaticket Hwy., East Falmouth Aubuchon Realty Co. TD Bank $2,020,00047 East Main St., West Brookfield; and 12 George St. Sheehan Debt Acquisition LLC, 12 George Street LLC Berkshire Bank $2,021,465and 26-30 Harvard St., Worcesterand Worcester Health Group LLC738-750 Washington St., Pembroke Goddu Realty LLC TD Bank $2,050,00081, 83 and 87 Brighton Ave., Allston Brighton Commons LLC First Republic Bank $2,053,26857-62 Fairway Dr., Northbridge Shining Rock Developers LLC Norwood Cooperative Bank $2,075,0001002 Beacon St., Brookline 1002 Beacon Street LLC Eagle Bank $2,080,00031-33 Illinois Ave., Somerville; and 2-4, 6-8, and 14-16 Montvale Ave.; Bruno Mitrano Stonehambank $2,082,000and 451, 507-509 Main St., Stoneham10 Cushing Dr., Wrentham Capstan Holdings I LLC and Wrentham Holdings LLC California Bank & Trust Co. $2,092,979359 Chelsea St., Boston Louie Roberto and Rita M. Roberto Middlesex Savings Bank $2,096,000282 Bennington St., Boston Spinelli Ravioli Manufacturing Co. Inc Middlesex Savings Bank $2,096,00068-70 Klondike Ave., and 868 Southampton Rd., Westfield James P. Buratti Bank Rhode Island $2,100,000232 Old Colony Ave., Boston Old Colony Two Three Two LLC MutualOne Bank $2,100,000173 Spark St., Brockton IGD LLC Rockland Trust Co. $2,100,00014-16 E. Springfield St., Boston 16 E Springfield Street LLC Avidia Bank $2,100,00030 Tremont St., Duxbury Island Creek Village West LP South Shore Bank $2,100,000Barre-Paxton Road, Rutland Pleasantdale LLC Bay State Savings Bank $2,100,000375 West St., West Bridgewater Commerce Property Group II LLC Blue Hills Bank $2,100,000110-118 Pleasant St., Malborough 110 Pleasant Street LLC Rockland Trust Co. $2,100,0001, 3, 9 and 15 Alaska St.; 1 Forest Pl., 62 Forest St.; and 23-29 LA Concha LP Red Mortgage Capital $2,105,000and 30 Magnolia St., Boston37, 39 and 41 P St., Boston 37 P Street LLC First Commons Bank $2,116,923203 Turnpike St., Ste. G2, North Andover NEOS LLC TD Bank $2,121,000109 Bradford St. and 258 Commercial St., Provincetown Cape Tip Investment Inc., Seamen’s Bank $2,140,00020 Auna Dr., U-7; 18 Blackrock Dr., U-4; 248 Colonel Bell Dr., UG-58; Chiles Holdings Ltd Bee Investments LLC $2,160,00015 Longworth Ave., U-223; 14-16 Revere St. and 227 West Elm St.,U-6, Brockton and Hingham; and 13-17 Willow St., Lynncontinued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE1310 Washington St., U-D 102; & 1316 Washington St., U-B 102, Boston RSR Investments LLC Middlesex Savings Bank $2,163,00084 West St., Quincy Eighty-Four West Street LLC East Boston Savings Bank $2,175,000100 Lockhouse Rd., Westfield Forest Glen Apartments LLC United Bank $2,200,000217-223 Holland St., Somerville Silva Realty LLC Institution for Savings in Newburyport and Its Vicinity $2,200,00084 and 86R River St., Andover Taylor Cove Development LLC Bank of New England $2,200,000149 South Main St., Middleton Middleton Retail LLC North Shore Bank $2,200,000282-286 Marginal St., Boston Tay’s Realty LLC Northern Bank & Trust Co. $2,200,000194 Main St. and 246 Main St., Amesbury Amesbury Realty Corp. and Brick Associates LLC Eastern Bank $2,238,9645 Alpine St., and 143-145 Cedar St., Somerville Cedar Development Partners LLC Cambridge Trust Co. $2,250,00070, 72, 74, 76, 78, 80 & 82 Bragdon St., 1 Ernst St. & 2 Miles St., Boston First Northeast Development LLC Eastern Bank $2,250,000597-601 West Falmouth Highway, Falmouth Westwind Cottages LLC North Middlesex Savings Bank $2,260,00088-98 Bolton St., Boston West Point Realty Development LLC First Commons Bank $2,280,000108 Trowbridge Rd., Bourne Cape Cod Hospitality TR Eastern Bank $2,291,00089 Prince St., Boston 89 Prince Street LLC Sovereign Bank $2,300,0002740 and 2704R Washington St., Canton Modern Locale Inc Commonwealth Cooperative Bank $2,300,00015 Williams Pl., Brockton Neponset Investments LLC Needham Bank $2,310,00010-34 Putnam St., Winthrop BCRZ LLC MSA Mortgage $2,325,000301 Second Ave., Waltham CambridgePark Co. LLC Century Bank and Trust Co. $2,330,0007-15 Hilldale Ave., Haverhill Mark A. Dubinsky, Leonard F .D’Orlando and Lisa K. D’ Orlando Brookline Bank $2,335,00038-48 Damrell St., and 171 and 177 Old Colony Ave., Boston 668 Enterprise LLC Blue Hills Bank $2,375,000108-110 Blaisdell St. and 80-82 Blossom St., Haverhill Coleman P. McDonough Lowell Five Cent Savings Bank $2,400,000441-445 Hanover St., and 550 Tremont St. Boston Hanover Trust Properties LLC First Republic Bank $2,400,0003 Garvey St., Everett Richard A. Cardillo Jr., Everett Co-operative Bank $2,400,00012 Cross St., 11 Grove St. and 6 High St., Westborough Joseph W. Horan Mutual One Bank $2,400,000922 Massachusetts Ave., Cambridge Granola LP Brookline Bank $2,400,000151 Oak St., and 70 Stage Coach Rd., Barnstable Barnstable Housing Authority Eastern Bank $2,404,15440 Cameron Ave., and 41-43 Elmwood St., Somerville Cameron Avenue LLC Needham Bank $2,424,000Summer Street, Duxbury Giacchetto Duxbury LLC Rockland Trust Co. $2,427,00018 Main Street Ext., a/k/a 8-22 Main Street Ext., Plymouth Brewster Park Building Inc The Cooperative Bank $2,440,000Off Kings Town Way, Duxbury Village at Duxbury LP and Welch Duxbury Development Corp. South Shore Bank $2,443,7791 Thorndike St., Palmer Merchant Palmer LLC Peoplesbank $2,450,0002637 Cranberry Hgwy., Wareham Michael J. Olschafskie Farmington Bank $2,450,000655 Boylston St., Boston Charles C. Hajjar and Mark A. DerHagopain Rockland Trust Co $2,450,000207 Bedford St. Lakeville 207 Bedford Street LLC RBS Citizens $2,450,000190 Fountain St., Framingham and 177 Main St., Shrewsbury Ranbir Singh-Jaggi and Sangeeta Jaggi TD Bank $2,480,00028-34 and 29 Mystic Ave., Medford Peter M. Grava East Boston Savings Bank $2,500,000215 Newbury St., Boston Newbury 215 Realty LLC Eastern Bank $2,500,00032 Westech Dr., Tyngsborough 32 Westech LLC RBS Citizens $2,500,000415 Lowell St., Wakefield Caruso Lowell Street LLC East Boston Savings Bank $2,500,000526 Boston Post Rd., Units 1, 2, 3, 4A, 4B, 5-8, Wayland HDR Holdings LLC Bank of America $2,500,00037-39 Clarendon St., and 57 Gray St., Boston Pazzol I LLC East Boston Savings Bank $2,500,000326 Nichols Rd., Fitchburg Community Health Connections Inc Enterprise Bank & Trust Co. $2,500,000Woodridge Road, Duxbury Duxbury Residential LLC Cape Cod Five Cents Savings Bank $2,500,0001091 Boylston St., Units 44 and U-53; 247 Chestnut Hill Dr., U-247-43, Mordecai Danesh Hingham Institution for Savings $2,500,0001637 Commonwealth Avenue; Units 1-12 and 14-17;1673 Commonwealth Ave., U-1B; and 32 Sidlaw Rd., U-32-12A, Boston704-714 Boylston St., and 51-69 Exeter St., Boston Lenox Hotel LLC People’s United Bank $2,500,000180 Paine St. and 585 Wrentham Rd., Bellingham New England Country Club LLC Bank of New England $2,500,000532-542 and 560 Pleasant St., Watertown Michael A. Russo Boston Private Bank & Trust Co. $2,539,61726 Allston St., Boston Hamilton DS LLC People’s United Bank $2,550,000217 Beaver Dam Rd., Plymouth Woodcrest Apartments LLC Eagle Bank $2,565,000346-350 Bremen St., and 97-99 Prescott St., Boston LAR Property Management LLC Middlesex Savings Bank $2,590,0001731-1751 Washington St., Braintree 1731-1751 Washington Street Liability Co Leader Bank $2,600,0002034-2040 Boston Rd., Wilbraham 2034-2040 Boston Road LLP People’s Bank $2,600,00016 Green St. and 57 South Main St., Ipswich Sixteen Green Street LLC and Ipswich Riverbend LLC First Ipswich Bank $2,600,000155 North Beacon St., Boston North Beacon 155 Associates People’s United Bank $2,600,00025-27 Doherty Ave., Avon Atlantic-Southborough Realty LLC Middlesex Savings Bank $2,618,000223 and 225 Walnut St., Framingham WFA Realty TR Hingham Institution for Savings $2,620,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE54 Route 6A, Sandwich Sandwich Resort Realty Trust Eastern Bank $2,625,00040 Industrial Dr., East Bridgewater WK Development II LLC Fall River Five Cents Savings Bank $2,625,000302-304 Whiting St., Hingham John A. Woodin Hingham Institution for Savings $2,632,000320 and 325 Ayer Rd., Harvard LTI Harvard Appleworks LP and LTI Harvard Orchard LP Digital Federal Credit Union $2,640,00024 Albany St., 205-211 Essex St. and 25 Rogers Ave., Lynn North Shore Realty Group Eastern Bank $2,672,00055 Newbury St., Peabody JAM Enterprises LLC The Savings Bank $2,700,00063 Princeton Blvd, and 144-148 Stevens St., Lowell Lynnshore Associates LLC Digital Federal Credit Union $2,720,00049-55 Davis Sq., Somerville B.F. Somerville Properties LLC Sovereign Bank $2,725,00071 Adams St., 112 and 116 Hancock St., 91-93 Pine St., 130 Tyler St. Cross Town Corners LLC Center City Housing Inc. $2,735,152and 22-24 Winthrop St., Springfield87A Adams Rd., and 29 Quick Farm Rd., Westborough Casa Builders and Developers Corp Central One Federal Credit Union $2,750,000133 Southampton St., Boston Sandra Rothschild Brookline Bank $2,750,000154-164 Maple St., Springfield Maple Street Holdings LLC Investors Bank $2,750,00036 Dartmouth St., 53 Hancock St.,, 676 Massachusetts Ave. and 85 Charles C. Dumbaugh Brookline Bank $2,800,000and 87 Worcester St., Boston1469 Granby Rd., 1405 Memorial Dr., Chicopee; One-Putt Inc Westfield Bank $2,825,00062-64 West State Side St., Granby; & 90-94 Island Pond Rd., Springfield32-34 Gardner St., Boston Hamilton DS LLC People's United Bank $2,860,000253-255 Tremont St., Boston 253 Tremont Street LLC Boston Private Bank and Trust Co. $2,895,00036-54 Broadway St., Malden Malway Realty Associates LP East Boston Savings Bank $2,900,000127 St. Botolph St., Boston 127 St. Botolph Street LLC Cambridge Trust Co. $2,920,00019 Brigham St., Marlborough Foothills Corp Digital Federal Credit Union $2,925,0007 Bay St. and 51 Manomet Ave., Hull 7 Bay Corp United Bank $2,975,000102-104 Otis St., Cambridge CMS Otis LLC Brookline Bank $2,980,00091, 95 and 99 Gordon St., Allston 91-99 Gordon Street LP Blue Hills Bank $3,000,00017-19 Winter St., Boston Scott R. Sherman Greystone Funding Corp $3,000,000601-607 Boylston St., Boston Holmes Manager LLC East Boston Savings Bank $3,000,00047C Independence Way, 36 Intrepid Cir., U-402; Redstone Realty LLC Brookline Bank $3,000,000and 29 Pleasant St., Marblehead21-27 Temple Pl., Boston Notashul LLC City National Bank $3,000,000351, 353, 355, 357, 359, 361, 363, 365 Madison Botolph LP Community Economic Development Assistance Corp., $3,000,000and 367 Massachusetts Ave., Boston558 Waverly Oaks Rd., Waltham Wayside Youth and Family Support Network Inc., Middlesex Savings Bank $3,000,000109 East Main St., Merrimac North Shore Community LLC Salem Five Cents Savings Bank $3,000,0001324 Belmont St., Units 101-105, 201-205 and 207, Brockton Office 24 Brockton LLC Cantor Commercial Real Estate Lending $3,000,00050 Broadway, Beverly RPI Shrewsbury Main Realty LLC Metro Credit Union $3,000,000175 East Central St., Franklin Franklin Road LLC Patalano Family LP $3,006,852672 East Central St., Franklin Franklin Country Club Inc Walpole Co-operative Bank $3,028,000291, 293 and 295 Main St., and 2 Pluff Ave., North Reading Pluff Realty LLC Institution for Savings In Newburyport and Its Vicinity $3,075,000120 Mulberry St., f/k/a 110 Mulberry St., Brockton G. Anthony Baldwin Rockland Trust Co $3,100,000285-285A, 285-287 and 289 Crescent St., Waltham Micol LLC The Village Bank $3,100,94517 Bentley St., 22-24 Burton St., 68 Etna St., 28 Justin Rd. Traolach Cahillane TD Bank $3,120,000and 669-701 Washington St., Brighton19 McKeon Rd., Worcester CREI Worcester LLC United Bank $3,131,25012 Federal St., Nantucket Angela L. Raynor and Seth C. Raynor Nantucket Bank $3,179,870206 Upper Main St., Edgartown Anne Corcoran, Mary Ann Dwyer, Richard J. Edry, Rosiland Kenney, Martha’s Vineyard Savings Bank $3,200,000Peter Pistorino, Michael Wright, and Arthur W. Young III160 Otis St., Northborough 160 Otis Street LLC Milford National Bank and Trust Co. $3,200,000697 Cambridge St., Boston Nancy A. Power Boston Private Bank & Trust Co. $3,200,00014-16 I St., and 535 East First St., Boston 535 East First Street Inc Rockland Trust Co. $3,245,000151 ,155, 157, 159,1 65, 167-169 & 173-175 Memorial Dr., Shrewsbury RIFL Realty LLC Milford National Bank and Trust Co. $3,250,00032 Hampshire Rd., Methuen 55 Heritage (Salem) LLC Digital Federal Credit Union $3,250,000289 Moody St., Waltham Waltham Artists Group LLC Brookline Bank $3,265,00010 East Milton St., Brookline; 35 Granite St., U-3; 164-170 Putnam Ave. Oliver M. Wahnschafft and Rachel Zanapalidou Leader Bank $3,271,500and 89 Sciarappa St., Cambridge; 18 Liberty Ave., Medford;and 78 Bromfield Rd. and 8 Park Ave, Somerville2245 Iyannough Rd., Barnstable Cape Cod Young Men’s Christian Association Boston Private Bank & Trust Co. $3,300,00041 Fairmount St., 300 Hampshire St. and 9-11 Holly St., Lawrence Central Catholic High School of Lawrence Bank of New England $3,300,000655-705 Eastern Ave., Malden DH Development LLC Stoneham Savings Bank $3,400,000122-1239 and 1243-1245 Commonwealth Ave., Commonwealth 1227-1245 LP TD Bank $3,400,000and 191-199 Harvard Ave., Bostoncontinued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGEBartherick Road, North Common Road, State Road East, Westminster Business Park LLC Workers Credit Union $3,419,467and Theodore Drive, Westminster19 Brigham St., Marlborough Foothills Corp Digital Federal Credit Union $3,420,000287 Tremont St., Carver; and 321 Court St. and JCM Carver Acquisitions LLC Northern Bank & Trust Co. $3,500,0002, 4, 6 and 8 Watercure St., Plymouth210 Ricciuti Dr., Quincy Bradmik Holdings LLC People’s United Bank $3,500,0006 Gilson Rd., Quincy Quincy Insurance Agency Inc Dedham Institution for Savings $3,500,000383 Dwight St., 110 Lyman St., and Open Square Way, Holyoke Open Square Properties LLC Nuvo Bank & Trust Co. $3,500,00088 West Cedar St., Boston 88 West Cedar Street LLC South Shore Bank $3,520,000165 Newbury St., Boston Newbury & Fenway 165 LLC Rockland Trust $3,540,00016-18 Battery St., and 12 Foster St., Boston Devora A. Mache Digital Federal Credit Union $3,584,232425 Fortune Blvd., Milford Fortune Boulevard LLC Milford National Bank and Trust $3,600,00090 Grove St. and 112 Grove St., a/k/a 112R Grove St. Worcester Grove Street Family Properties LLC Millbury Savings Bank $3,600,00018 and 46 Newmarket Sq., Boston 980 Mass. Ave. LLC, 18 Newmarket Square Boston LLC, Southampton Cape Cod Five Cents Savings Bank $3,625,000271-273 Salem St., Woburn Mirra Realty LLC North Shore Bank $3,626,250431-439 Hanover St., Boston Dror Ashuah Digital Federal Credit Union $3,635,000970 Fellsway Rd., Medford Fellsway Realty LLC Brookline Bank $3,662,0001799 Centre St., West Roxbury Hamilton DS LLC People's United Bank $3,685,00099 and 111 Essex St., Melrose 99 Essex Street LLC Northern Bank & Trust Co. $3,700,00035 Chauncy St., Westborough JSP Realty Investments LLC Middlesex Savings Bank $3,725,00083-95 Main St., Concord Marley Properties Concord LLC Cambridge Trust Co. $3,750,0002-16 Hyde Park, Boston 2-16 Hyde Park Avenue LP Eastern Bank $3,780,0001257 Blue Hill Ave., Boston Morning Star Baptist Church Inc Century Bank and Trust Co. $3,800,000801 Albany St., Boston Community Development Corporation of Boston Inc Century Bank & Trust Co. $3,866,49028-60 Peterson Blvd., Gardner Gardner Plaza Associates LLC M&T Bank $3,900,000Off Lewis Lane, Haverhill Lewis Builders Inc TD Bank $3,900,00050 and 58-60 West Main St., Hopkinton The Golden Pond Resident Care Corp East Boston Savings Bank $4,000,00014-18, 22 Bailey Pl., 245-261 Walnut St.; and 845-855, 857-859, Charles G. Nicolazzo and Victor A. Nicolazzo Jr The Village Bank $4,000,000861-865, 867 and 869 Washington St., Newton660-674 and 678 Cambridge St., Cambridge 660 Cambridge Street Realty TR Belmont Savings Bank $4,000,00045 and 47 Bay State Rd., Boston Jocote LLC First Republic Bank $4,000,000Falmouth Road, Lot 1, Barnstable Wequaquet Strawberry Hill LP Eastern Bank $4,000,000Turnpike Road, Townsend Turnpike Village LLC Fidelity Co-operative Bank $4,000,0002-8 and 10-16 Craig Rd. and 310-312 School St., Acton; O’Brien Investment Management LLC Avidia Bank $4,000,000and 116-122 South St., Hopkinton16 Kendrick Rd., Units 1, 5 and 6; and 18 Kendrick Rd., Wareham Warm Winds Inc RBS Citizens $4,000,000183 Main St., Rockport Local Yokel LLC Northway Bank $4,000,00092-96 Prospect St., Somerville Two Squares LLC Cambridge Trust Co. $4,008,000475 Highland Ave. and 170-172 Maple St., Malden Highlander Maple Apartments LLC Sovereign Bank $4,050,000851-885 East Columbus Ave., 21, 25-27, 29-31 and 33-35 Gardner St., 851 East Columbus Avenue LLC Country Bank for Savings $4,050,000and 26-28 and 32-34 Norwood St., SpringfieldFisher Road, Holden Fisher Terrace LLC Rockland Trust Co. $4,147,000311-315 Mishawum Rd., Woburn Woburn Lodging LLC Digital Federal Credit Union $4,150,000102-123 Brighton Ave., Allston AND Development LLC People's United Bank $4,160,0005 Channel Ctr., Boston 5 CC LLC Eastern Bank $4,200,0006 Joy St. and 18 Mt. Vernon St., Boston Six Joy Street Trust LLC Emerald Beacon Hill LLC $4,200,00053-55 Brook St., Acton Acton Coach Estates LLC Arbor Commercial Funding $4,225,0008 Mohawk Dr., Leominster Joyce Campagna and Alessandro P. Vittorioso Avidia Bank $4,250,000175 Pioneer Dr., Leominster Pelino J. Ferzoco and Diega A. Therrien Avidia Bank $4,250,000527-529 Beacon St., Boston James T. Garnache Eastern Bank $4,250,00071 Adams St., 112 and 116 Hancock St., 91-93 Pine St., Cross Town Corners LLC Life Insurance Community Investment Initiative LLC $4,250,000130 Tyler St. and 22-24 Winthrop St., SpringfieldChestnut Street, Main Street and North Street., Foxborough Foxborough Air LLC People's United Bank $4,315,000163 Pioneer Dr., Leominster 163 Pioneer Drive LLC, Middlesex Savings Bank $4,375,00045 Highland St., Cambridge Multi Elements LLC JPMorgan Chase Bank $4,480,00013 Haviland St., Boston 13 Haviland Street LLC JPMorgan Chase Bank $4,537,50059-61 Westland Ave., Boston Westland Properties Associates LP JPMorgan Chase Bank $4,550,0002 and 27 Winter St., Natick Brandon Residential Treatment Center Inc East Boston Savings Bank* $4,615,00056-58 Selkirk Rd., Brighton Selkirk Gardens LLC Berkadia Commercial Mortgage $4,680,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE866 North Rd., Westfield Russian Evangelical-Baptist Church of Springfield Easthampton Savings Bank $4,707,50041-53 Brigham St., Marlborough Mountaintop Corp Digital Federal Credit Union $4,875,000386 Merrimack St., Methuen Homestead Village LLC Enterprise Bank & Trust Co. $4,950,000199 Rosewood Dr., Danvers 199 Rosewood Danvers LLC, First Ipswich Bank $5,000,0001511-1525 Washington St., Boston Susan A. Geraghty Principal Life Insurance Co. $5,000,00039 Penzance Rd., Falmouth Bruce Beal RBS Citizens $5,000,000356 and 360 Andover St., Danvers PF Danvers LLC East Boston Savings Bank $5,000,000181 Winter St., Belmont Belmont Country Club Inc RBS Citizens $5,000,0001100 Iron Horse Park, North Billerica Cooperative Reserve Supply Inc RBS Citizens $5,000,000122 and 182 Bridge St., Barnstable Oyster Harbors Yacht Basin Realty Corp Bank of America $5,000,000122 Bridge St. and 182 Bridge St. Barnstable Oyster Harbors Yacht Basin Inc. and Bank of America $5,000,000Oyster Harbors Yacht Basin Realty Corp23 Fourth Ave., Burlington NW Building 26 LLC Cambridge Trust Co. $5,000,0004-8 Gardner St., and 74-84 Harvard Ave., Boston Harvard Gardner LLC Sovereign Bank $5,033,000237 Lexington St., Woburn Sachem Ventures LLC Brookline Bank $5,059,53175 Finnell Dr., Weymouth Finnell Drive Realty LLC Eastern Bank $5,070,000228-230 Hurley St., Cambridge; and 9-11 Glendale Ave. Glenside Properties LLC Cooperative Bank $5,211,940and 341 Washington St., Somerville120 Franklin Street and 1074 West Washington St., Hanson Shi-II Hanson LLC Compass Bank $5,220,481and East Bridgewater75 Technology Dr., Lowell Suffolk Drum Hill LLC First Niagara Bank $5,287,50028 Damrell St., Boston Damrell Properties LLC Blue Hills Bank $5,300,000371 and 379 Main St., Worcester SJ Realty LLC Bay State Savings Bank $5,348,1491925 Massachusetts Ave., Cambridge 1925 Mass Ave LLC Cambridge Savings Bank $5,400,000351, 353, 355, 357, 359, 361, 363, 365 Madison Botolph LP Madison Park Development Corp $5,450,000and 367 Massachusetts Ave., Boston39 Tozer Rd., Beverly 1943 LLC Stonehambank $5,480,000136 Summer St., Kingston Kingsbury Summer Street LLC Rockland Trust $5,500,00097 Turnpike Rd., Westborough Five K LLC Flagstar Bank $5,500,000Williamsville Rd., Hubbardston KS Solar Six LLC Eastern Bank $5,500,00056 Airport Rd.; 138, 140-152 and 178 Apremont Way; Lawry Realty LLC TD Bank $5,500,000and 22 Progress Ave., Westfield1897 Washington St., Newton Woodland Golf Club of Auburndale The Village Bank $5,571,49435 South St., Hopkinton BBC Property I LLC Northway Bank $5,600,00041 Accord Park Dr. and 10 Washington St., Norwell; Gallen Road Realty TR and Route 53 Realty TR People’s United Bank $5,800,000and 5 Apollo 11 Rd., Plymouth95 Shawmut Rd., Canton Shawmut Road Investors LLC East Boston Savings Bank $5,844,000103 Drum Hill Rd., Chelmsford Linear Retail Chelmsford 1 LLC Enterprise Bank & Trust Co. $5,880,00016-20 Peterborough St., Boston John Lemonopoulos Enterprise Bank & Trust Co. $5,938,20714-20 Linden St., Allston Partners Properties LLC Digital Federal Credit Union $6,000,000255 Grossman St., U-4, Braintree Here Comes There Goes LLC Mansfield Co-operative Bank $6,000,000330 Lynnway, Lynn Kettle Cuisine LLC Maranon Capital LP $6,000,0001070-1080, 1088-1094, 1100-1102 and 1120-1130 Boylston St.; Boylston 1078 LP People’s United Bank $6,000,000and 5-11 Haviland St., Boston23 Bartlett Farm Rd. and 15 Somerset Ln., Nantucket Bartlett Farm LLC Farm Credit East ACA $6,000,00041 and 43 Bay State Rd. Boston Symphony Bay Properties LLC Greystone Funding Corp $6,031,00010 Newbury St., Lynnfield Spinelli’s LLC Middlesex Savings Bank $6,096,000501 Cordwainer Dr., Norwell Southward At Norwell Nursing Center LP Oppenheimer Multifamily Housing $6,132,400& Healthcare Finance Inc.85 Dan Rd., Canton 65 Dan Road SPE LLC and 85 Dan Road Associates Berkshire Bank $6,150,0001111 Elm St., 920 Memorial Ave., and 201 Park Ave., West Springfield; John W. Medeiros United Bank $6,300,000and 2701 Boston Rd. and 2339-2341 Boston Rd., Wilbraham36 Muller Rd., Burlington Muller Glen LLC Belmont Savings Bank $6,300,00056, 57 and 58-60 North Ave., Natick Walnut Place Residences LLC Middlesex Savings Bank $6,304,500122 and 182 Bridge St., Barnstable Oyster Harbors Yacht Basin Realty Corp Bank of America $6,400,000122 Bridge St. and 182 Bridge St. Barnstable Oyster Harbors Yacht Basin Inc. Bank of America $6,400,000and Oyster Harbors Yacht Basin Realty Corp30 Taylor Dr., Reading Edward T. Moore Lowell Five Cents Savings Bank $6,400,000221 North Main St., West Bridgewater TECTA Solar West Bridgewater LLC People’s Bank $6,500,000100 Alden St., Provincetown Seashore Point—Deaconess Inc. M&T Bank $6,500,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE49 Melcher St., Boston 49 Melcher Street LLC Rockland Trust Co. $6,500,00060 Congress St., a/k/a 12 Post Office Sq. and 55 Kilby St., Boston 60 Congress St., a/k/a 12 Post Office Sq. and 55 Kilby St., Boston Cambridge Savings Bank $6,500,000235 Old Colony Ave., a/k/a 309 Dorchester St., 241 Old Colony Ave. 235 Ocolony LLC South Coastal Bank $6,695,000and 69 Damrell St., South Boston333-337 Turnpike Rd., Southborough Southborough Equity Partners LLC United Bank $6,800,000891, 893 and 895 Main St. and 1, 3, and 13 School St., Woburn Main Street Woburn RX LLC Cambridge Savings Bank $6,900,000139 Walker Rd., Shirley EBZ Solar LLC CIT Finance LLC $7,000,000One Fiber Tech Center, Creek Brook Drive, Haverhill Drake G. Behrakis and Donald P. Quinn Cambridge Savings Bank $7,000,00020 Blanchard Rd., 55 Cambridge St. & 111 South Bedford St., Burlington 20 Blanchard 111 South Bedford and 55 Cambridge LLC Eastern Bank $7,000,00082 Boston St., Everett JMDH Real Estate of Everett LLC JPMorgan Chase Bank $7,102,500380 Sumner St., Stoughton Copley Health Care Partnership and Prudential Huntoon Paige Associates LLC $7,163,800Goddard Restorative Care Unit Inc1-7 Sandy Bay Terrace, Rockport Rockport Commons LLC Cantor Commercial Real Estate Lending $7,275,000105 Holden Rd., Paxton JKS Paxton LLC TD Bank $7,350,000512-518 Tremont St., Boston Two Greeks LLC Brookline Bank $7,400,00050 and 58-60 West Main St., Hopkinton The Golden Pond Resident Care Corp East Boston Savings Bank $7,400,000128 Derby St, Hingham Shulman Realty LLC Eastern Bank $7,425,000Providence Rd., Lot 1,, Northbridge Beaumont/Whitney Place Northbridge Inc Red Mortgage Capital $7,550,10085 Dan Rd., Canton 65 Dan Road SPE LLC and 85 Dan Road Associates Berkshire Bank $7,575,00047 East Main St., West Brookfield Sheehan Debt Acquisition, LLC Berkshire Bank $8,000,00026-30 Harvard St., Worcester Worcester Health Group LLC Berkshire Bank $8,000,00010 Bellamy St., Brighton; and 174 Forest Hills, Jamaica Plain Brighton Health Group LLC and Jamaica Plain Health Group Berkshire Bank $8,000,000104B and 1100 Concord Tpk., Concord Taymil Concord LLC Arbor Commercial Funding $8,010,0004 Central St., Bridgewater Shivpar Inc First Niagara Bank $8,200,000147 Washington St., Plainville Robinson Plumbing & Heating Supply Co. Inc Sovereign Bank $8,250,000616 East Fourth St., Boston 616 East Fourth Street LLC Northern Bank & Trust Co. $8,260,000100 Tower St., Hudson Littlebrook LP USA Housing Urban Development $8,311,167100-124 North Washington St, Boston North Washington Street Holdings LLC Boston Private Bank & Trust Co. $8,320,000100 Tower St., Hudson Littlebrook LP Walker & Dunlop $8,496,60050, 54 and 60 Mall Rd., Burlington 50-54-60 Mall Road LLC Eastern Bank $8,500,00079 Winthrop Ave., Lawrence Charter Foods LLC Regions Financial Corp. $8,500,00085 and 95 Sutherland Rd., Boston Octagon Property Management Corp. Eastern Bank $8,515,000Birch St., Lynn Lynn Medical Investors LLC Capital Funding $8,717,700859 Main St., Woburn 859 Main Development LLC Northern Bank & Trust Co. $8,800,00050 Sprague St., Hyde Park Joseph Gioioso and Givanall Gioioso Customers Bank $8,950,00071-75 and 100 Kilsyth Rd., Brighton Kilsyth Village LLC Berkadia Commercial Mortgage $9,102,000109-119 Broad St. and 85-87 Wendall St., Boston Broad Street Holdings LLC Boston Private Bank & Trust Co. $9,262,500275 Bodwell St., Avon Atlantic-Bodwell Realty LLC Middlesex Savings Bank $9,347,000300 Commandants Way, Boston Anchor’s Weigh Associates LP Red Mortgage Capital $9,443,80075 Main St., Grafton; 15 Pleasant St., Oxford; You Inc TD Bank $9,470,00083 Hospital Rd., Templeton; and 23-37 Boylston St., 321 Burncoat St.,2 Granite St. and 172 Lincoln St., Worcester28-34 Battery St. and 151-155 Milk St., Boston BMBM LLC East Boston Savings Bank $9,500,00090 Middlesex Tpk., Burlington Paul A. Calvo Salem Five Cents Savings Bank $9,500,0001775 Andover St., Tewksbury EHB Properties-Tewksbury LLC PNC Bank $9,600,000304-346 Lynnway, Lynn Arthur Pappathanasi, Christopher Scangas and Nicholas Scangas East Boston Savings Bank $10,000,00079-81, 83, 85, 85A, 87 and 91-95 Commercial St. Hibernia Atlantic U.S. LLC Bridge Bank $10,000,000and 362-364 Summer St., Lynn10 New Bond Street, Worcester Abby Kelly Foster Charter Public School Middlesex Savings Bank $10,000,000160 East Berkley St., Boston East Berkley LLC Hartford Life Insurance Co. $10,000,0001850 Commonwealth Ave ., Boston 1848-1850 Commonwealth Avenue Realty TR First Republic Bank $10,000,00073 Union St., Franklin Claremont Franklin Inn LLC Boston Private Bank & Trust Co. $10,000,000One United Dr., West Bridgewater One United LLC Rockland Trust Co. $10,075,000617-617A and 619 Bennington St. and 94 Horace St., East Boston Brooke Chapter School Roslindale Boston Private Bank & Trust Co. $10,314,000100 Newport Ave Ext., Quincy Newport Realty LLC Genworth Lee and Annuity Insurance Co. $10,400,000407-411 Washington St., Boston 407 Smiley Crossing LLC Webster Five Cents Savings Bank $10,442,144167 North Spencer Rd., Spencer The Spencer Brewery LLC Berkshire Bank $10,500,000150 Chestnut Hill Ave., Brighton 150 Chestnut Hill Ave LLC Belmont Savings Bank $10,522,50048 and 52 Lake Ave., Woburn Horn Pond Apartments LLC Cambridge Trust Co. $10,550,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE351, 353, 355, 357, 359, 361, 363, 365 Madison Botolph LP Eastern Bank $10,600,000and 367 Massachusetts Ave., Boston337 Neponset Ave., Dorchester The Bostonian Foundation Inc Oppenheimer Multifamily Housing $10,762,100& Healthcare Finance Inc.49, 55 and 71 Needham St., Newton Needham Street Village Shops LLC Commerce Bank & Trust Co. $11,306,0001 Distribution Center Cir., Littleton Nextsun Energy Littleton LLC Commerce Bank & Trust Co. $11,500,00019 Technology Dr., Auburn; 82 South St., Hopkinton; Metro Boston Holdings-2 LLC Security Benefit Life Insurance Co. $11,700,000and 65 Sunnyslope Ave., Tewksbury163 Howe St., Methuen Gary T. Hammond Enterprise Bank & Trust Co. $12,000,00037 A St., 66 B St., and 360 and 410 First Ave., Needham SXC Needham Inn LLC RBS Citizens $12,000,0001 and 55 Moody St. and 702 Main St., Waltham Northland One Moody Realty LLC Bank of New England $12,000,000280 Merrimack St., Building F, Lawrence 280 Riverwalk LLC Northern Bank & Trust Co. $12,000,000656 King Street, Franklin Columbia/Wegman Franklin LLC Wells Fargo Bank $12,062,0001 Lyman St, Westborough Beaumont/Whitney Place Westborough LLC Red Mortgage Capital $12,287,800777 Dedham St., Newton Mount Ida College East Boston Savings Bank $12,500,000355, 356-358 and 360 Merrimack St.*, Lawrence Nicholas A. Lupoli Jr East Boston Savings Bank $13,000,000209-217 Congress St., and 96-104 High St., Boston Congress Street Holding LLC Boston Private Bank & Trust Co. $13,000,000294-306 Harvard St., Brookline Brookline Investment LLC People's United Bank $13,650,000Parker Street, Parcels 1-3, East Longmeadow Elm Care Group LP PNC Bank $13,845,00040 Beacon St., Units 2, 3, 4 and 5, Boston DIV Forty Beacon Property Trust First Republic Bank $14,000,0001-55 Green St., Clinton Clinton Millworks LLC Security Benefit Life Insurance Co. $14,000,00085 American Legion Hwy., Revere Bell Circle Associates LLC Cambridge Savings Bank $14,000,000500 West Hartford Ave., Uxbridge Uxbridge Solar LLC Commerce Bank & Trust Co. $14,033,870Lot 7B Vining St., Malden and Revere LR Overlook Phase III LLC Wells Fargo Bank $14,100,00072 River Park St., Needham; and 70, 100, 150, 160 and 189 Wells Ave., Newton WRP Realty Inc Brookline Bank$14,900,000455 Main St., Wilbraham ARC CBWBMMA001 LLC United Bank $15,000,000217 Adams St., Dorchester ARC CBDCRMA001 LLC Oritani Bank $15,000,00047-77 Palmer St., Quincy Peter F. O’Connell and Thomas P. O’Connell Berkeley Point Capital $15,000,000297 Great Rd., Bedford Great Road Shopping Center LLC American United Life Insurance Co. $15,000,0001063-1077 Massachusetts Ave., Cambridge Sundance at Harvard Square Holdings LLC TD Bank $15,000,00053 Third Ave., Burlington Third Avenue LLC Massachusetts Mutual Life Insurance Co. $15,825,000Lots 1-3 and 5-6, 233-239 Chief Justice Cushing, Cohasset Lynne B. Schwandt Dunham Massey Limited $16,000,00022 Larsen Ln., Chilmark; and 21 Mohawk Way, Cohasset Edna W. Barry Dunham Massey Ltd $16,000,000164 Parkingway, Quincy Hancock Park LP Red Mortgage Capital $17,292,600280-284 and 286-290 Summer St., Boston Retals LLC Bank of America $17,500,0003 Vision Dr., Natick BWP Natick Realty LLC Red Mortgage Capital $17,848,7002029-2037 and 2041-2049 Columbus Ave.; 185-187 and Washington Park LP Bank of America $18,000,000189-191 Walnut Ave.; and 25-33 and 39 Wyoming St., Boston440-480 McClellan Hwy, Boston 440 McClellan LLC Brookline Bank $18,000,000600-638 Massachusetts Ave., Cambridge Central Square LLC Principal Life Insurance Co. $18,000,000220 Alewife Brook Pkwy., Cambridge KW Cambridge Property LLC Middlesex Savings Bank $18,500,00020 Summer St., Watertown Watertown Senior Housing LLC PNC Bank $18,523,00010 New Bond Street, Worcester Abby Kelly Foster Charter Public School Middlesex Savings Bank $19,480,000950 Canterbury St., Boston Cummins Towers Co. LP Red Mortgage Capital $19,635,000411D St., Boston 411D Street Associates LLC First Niagara Bank, Sovereign Bank and $19,805,385Commerce Bank & Trust Co.100 Franklin St. and 4 Liberty Sq., Boston Franklin Street Holdings LLC and Liberty Square Holdings LLC, TD Bank $20,000,00053-55 Ashford St., 27-31 and 45-55 Brighton Ave., 501 Cambridge St., HBC Holdings LLC, HMC Associates LLC, Hamilton On Gardner Keybank $20,000,0001119-1123 Commonwealth Ave., 98 Gardener St., 24-26 Hamilton Rd., Associates LLC, Hamilton Real Estate LLC, Hamilton Realty LP,48-50 Newmarket Sq., and 151 Tremont St., Boston; 224 Fuller St., Hamilton Realty TR #1 and #2; Longfellow Apartments Realty TR,24-26 Hamilton Rd., 156 Lawton St., 178-186 Thorndike St., Minot Shores LLC, and RET LP, all managed by the Hamilton Co.19 Winchester St., and 41 Winslow Rd., Brookline and 63 Oakland St.,Medford; and 21-29, and 23, Musquashicut Ave., Scituate25 and 28 Nickerson Ln. and 1007-1009 South St., Wrentham Shops at Wrentham LLC First Niagara Bank $20,000,00035-45, 36-46 and 72-82 Peterborough St., Boston Peterborough Housing Associates LP, Greystone Funding Corp $20,855,700131 Beverly and 160 North Washington St., Boston Related LJW Acquisition Co. LLC Related UBC Lovejoy LLC $21,000,00048-52 and 49 Burbank St.; 15, 25-33 and 48-52 Edgerly St.; Burbank Apartments Company LP Red Mortgage Capital $21,000,000and 16-20 Haviland St., Boston58-60 Summer St., U-1, Boston Linear Retail Boston #5 LLC TD Bank $22,630,000continued

THE REAL REPORTER 2013 SUMMER REVIEWCOMMERCIAL MORTGAGESADDRESS BORROWER LENDER MORTGAGE122 Rindge Ave., and 41 Yerxa Rd., Cambridge Broder-Rindge LLC Eastern Bank $23,000,000Congress Street, Milford Milford Groves LLC KeyCorp Real Estate Markets $23,345,000105 Cherry Hill Dr., Beverly Beverly Retirement Residence LLC Aviva Life and Annuity Co. $23,700,000165 Haverhill St. Andover, and 40-50 Lawrence St., Lawrence The Merrimack Valley Young Men’s Christian Association Inc. Enterprise Bank & Trust Co. $23,750,000180 and 182 Pine St. and 75 Sylvan St., Danvers Brookwood Sylvan LLC East Boston Savings Bank $24,000,00019.-27 Jackson St., and 25 Middlesex St., Loft 27 Condominium, Lowell 27 Jackson LP Red Mortgage Capital $24,295,500132-148 Ipswich St., Boston The Boston Conservatory First Republic Bank $24,500,000221-257 Crescent St., Waltham Watch City Ventures PHI LLC East Boston Savings Bank $25,200,000265, 369 and 385-389 Main St.; and 912 Shoemaker Ln., Agawam Agawam Solar LLC and Route 57 Solar LLC CIT Finance LLC $26,300,00020 Applebriar Ln., Marlborough Applebriar Apartments Inc Berkadia Commercial Mortgage $26,688,000355, 356-358 and 360 Merrimack St.*, Lawrence Nicholas A. Lupoli Jr East Boston Savings Bank $27,000,000Spring St., Lot 2, and Summer Street, Danvers St. John’s Preparatory School People’s United Bank $27,200,000465 Arsenal St., Watertown Arsenal Associates Red Mortgage Capital $28,000,00026 Landsdowne St., Cambridge Landsdowne LLC Connecticut General Life Insurance Co. $28,000,00074 Commerce Way, Woburn Metronorth Business Center LLC Bank of America $28,000,000150 and 200 Presidential Way, Woburn 150 Presidential Way LLC and 300 Metronorth Corporate Center LLC, Sovereign Bank $28,860,0009-23 Griggs St., Allston 9-23 Griggs Street LLC First Republic Bank $29,000,000159 First St., Cambridge 159 First Street Associates TD Bank $29,300,00083-85 and 103 Heard St.; Maple Street; 155 Sixth St. One North of Boston LLC East Boston Savings Bank $30,000,000(f/k/a 80 Heard St.) and 155A Sixth St.; and 238 Spruce Streets, Boston6 and 10 Drydock Ave., 6 Harbor St., and 329 Iccne I LLC People’s United Bank $30,000,000and 333 Northern Ave., Boston2 Arnold Rd., 41 French St. and 38 Marshall St., Quincy Quincy Commons Associates LLC Red Mortgage Capital $30,000,000268, 280, and 288-298 Main St., Haverhill; 4 Plaza Way, Plymouth; Charter Foods LLC Regions Financial Corp. $31,000,000267 Highland Ave., Salem; and 421 Broadway, Saugus71 East Main St., Webster Charter Foods North LLC Regions Financial Corp. $31,100,00010-24 School St., Boston 10-24 School Street Associates LLC CIT Finance LLC $32,000,000125 Paridon St., Springfield LD Acquisition Co. 2 LLC Texas Capital Bank $32,900,00054 Merrimac St. and 92 Merrimac St., Newburyport Newburyport Manager LLC Wells Fargo Bank $35,000,0001 Beeman Rd., Northborough MM Industrial Beeman Road LLC Prudential Retirement Insurance & Annuity Co. $36,138,044704-714 Boylston St., and 51-69 Exeter St., Boston Lenox Hotel LLC People’s United Bank $37,500,000330 Lynnway, Lynn Kettle Cuisine LLC Maranon Capital LP $41,000,000Lots 2 and 7 Colony Place, Plymouth Colony Place Development LLC Bank of America $41,665,00079-81, 83, 85, 85A, 87 and 91-95 Commercial St. Hibernia Atlantic U.S. LLC Fortress Credit Corp. $42,500,000and 362-364 Summer St., Lynn237-255 State St., Boston 255 State Street LLC Bank of America $43,000,0001360 Worcester Rd., Natick and 30 Washington St., Somerville DD Hotels I LLC CIBC Inc. $44,000,000375 Harvard St., Cambridge Audubon Road Associates CCSPE LLC Berkeley Point Capital $45,000,0001 Franklin St. and 6-12 Summer St., Boston MP Franklin Burnham Co LLC and MP Franklin Tower Co LLC HSBC Realty Credit Corp. $46,700,000435 Eastern Ave., Malden; and 374 Main St., Reading Wash Depot I Inc Starwood Property Mortgage $47,000,00036 River St., Waltham Hines MIP River Street LLC Sovereign Bank $47,200,00043 Foundry Ave., 41 Seyon St. and 190 Willow St., Waltham Centerpoint Acquistions LLC Canadian Imperial Bank of Commerce $47,500,000Off and on Pond Street; Old Place Road, Robbins Path, S. Meadow Rd., A D Makepeace Co Farm Credit East ACA $50,000,000Wade Street and Wenham Road, Carver and Plymouth1325 Boylston St., Boston Boylston West Target LLC Northwestern Mutual Life Insurance Co. $52,280,00010 Overlook Ridge Dr., Revere LR Overlook Phase II LLC HSBC Realty Credit Corp. $52,900,00013 Centennial Dr., Peabody Cabot III – MA1W03 LLC New York Life Insurance Co. $54,900,0001150 West Chestnut St., Brockton MA Industrial Brockton LLC Redwood Commercial Mortgage Corp. $57,000,00070 Better Way, Chicopee Newark Group Inc. Cortland Capital Market Services $57,451,929.4511 Essington Dr., and 1, 2, 5, 6, 9, 15,1 8, 19, 22, 23, 25 Samuels & Associates Hingham LLC Jefferies LoanCore LLC $60,000,000and 170 Shipyard Dr., Hingham2345 Commonwealth Ave., Newton CHSP Newton LLC PNC Bank $60,000,000100 Brooksby Village Dr., Peabody Peabody Campus LLC Branch Banking & Trust Co. $64,750,0001-7 and 2-4 Dolores Ave., 50 Old Lexington Rd.; and 5-13, 6-12, 15 Dolores Avenue Apartments Investors LLC Capital One NA $65,000,00022-30, 23-29, 38-44 and 39-45 Judith Ln., Waltham70 Better Way, Chicopee Newark Group Inc. TPG Specialty Lending Inc. $80,000,000634 Memorial Dr., Cambridge MIT 640 Memorial Leasehold LLC Allianz Life Insurance Co. of North America $82,000,000North Street, Cambridge NP Parcel N Owner LLC Wells Fargo Bank $87,100,0002 and 24 Nemco Way, Ayer; and 11 Harvest Ln., Southborough EIP Allied South Owner and EIP Nemco Way Owner LLC JPMorgan Chase Bank $90,400,0001325 Boylston St., Boston Boylston West LLC Northwestern Mutual Life Insurance Co. $139,580,000

THE REAL REPORTER 2013 SUMMER REVIEWINDUSTRIALADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE124 Montello St., Brockton CC Station Lofts LLC Knight Building Inc., Brockton Housing Authority $350,000 $200,000124 Montello St., Brockton CC Station Lofts LLC Knight Building Inc., PM 2006 Mass Historic Tax Credit Fund LLC $350,000 $1,061,423124 Montello St., Brockton CC Station Lofts LLC Knight Building Inc., PM 2006 Mass Historic Tax Credit Fund LLC $350,000 $116,535.85124 Montello St., Brockton CC Station Lofts LLC Knight Building Inc., Massachusetts Department of Housing and Community $350,000 $1,118,000124 Montello St., Brockton CC Station Lofts LLC Knight Building Inc., Property & Casualty Initiative $350,000 $2,750,00012 Lothrop St., Beverly 12 Lothrop Street LLC George E. Michaud Jr. Beverly Cooperative Bank $525,000 $1,297,000and Patricia R. Michaud4 Spring Brook Rd., Foxborough F.S.C. Realty Poulin Realty LLC Eastern Bank $650,000 $1,243,5294 Spring Brook Rd., Foxborough F.S.C. Realty Poulin Realty LLC Eastern Bank $650,000 $1,776,471775 Eastern Ave., Malden 775 Eastern Ave LLC Thomas Costello Newburyport Five Cents Saving Bank $900,000 $1,600,00062 Holton St., Woburn Barbara M. Fitzpatrick, Charwit A&S Realty LLC Eagle Bank $1,000,000 $400,000James J. FitzPatrick andJames J. FitzPatrick Jr995 Old Post Rd., Walpole George Glaropoulos Bruce Stivaletta and $1,000,000Nicholas Stivaletta720 Mechanic St., Leominster CC&C of Leominster LLC D.H. Adams Co. Inc $1,020,00010 Commercial Dr., Dracut JJ McCarthy LLC Lupine Trust LLC, Brookline Bank $1,020,000 $765,000126 Industrial Dr., East Longmeadow Industrial Drive Associates LLC WB Real Estate Holdings LLC Hampden Bank $1,025,000 $3,485,00075 New St., Cambridge Abodez Acorn New Street LLC Joseph G. Adams III, Maywood II Realty TR $1,033,427 $375,792Stephen M. Adams andThomas F. Adams200 Tapley St., Springfield Pazmino Realty LLC Polman Realty LLC $1,060,000360 Cold Spring Ave. and 144 Heywood Ave., 360 Cold Spring Avenue LLC Kuhr Family Realty LLC Peoplesbank $1,062,500 $400,000West Springfield9 Gallen Rd, Kingston 9 Gallen Road LLC Richard P. Lynch Holbrook Cooperative Bank $1,075,000 $1,240,000311 Eastern Ave., Chelsea Eastern Place LLC Delro Associates LP Delro Associates LP $1,150,000 $900,00034-40 Hayden Rowe, Hopkinton RPI Hopkinton LLC Hayden Rowe Realty Corp $1,200,000151-155 Reservoir St., Needham Frederick M. Hartman Hobson Property Investments LLC Frederick M. Hartman $1,250,000 $1,100,00062 Elm St., Waltham Station Landing Associates LLC Savage & Co. Inc $1,250,00043 Braintree St., Allston Herb Chambers 43 Braintree Street Corp $1,287,50043 Braintree Street LLC76-80 Colon St., Beverly 80 Colon Street LLC Eighty Colon Street LLC Granite State Economic Development Corp $1,300,000 $534,00076-80 Colon St., Beverly 80 Colon Street LLC Eighty Colon Street LLC Provident Bank $1,300,000 $520,00076-80 Colon St., Beverly 80 Colon Street LLC Eighty Colon Street LLC Provident Bank $1,300,000 $650,00050 Mystic Ave., Medford 294 Harvard Street LLC and W.F. Lacey & Sons Co., Brookline Bank $1,305,000 $1,500,00050 Mystic Avenue LLC25 Katrina Rd., Chelmsford Store Master Funding III LLC Pace Industries LLC Citibank $1,430,917 $2,010,000794-838 Eastern Ave., Malden Gregory T. Antonelli Endeavor Capital Industries LLC Everett Co-Operative Bank $1,500,000 $1,125,0003 Thatcher Ln., a/k/a 3 Thacher Ln., Wareham Thacher Road Realty LLC Jeffrey Richard Ouimet Rockland Trust Co. $1,525,000 $610,0003 Thatcher Ln., a/k/a 3 Thacher Ln., Wareham Thacher Road Realty LLC Jeffrey Richard Ouimet New England Certified Development Corp $1,525,000 $630,0003 Thatcher Ln., a/k/a 3 Thacher Ln., Wareham Thacher Road Realty LLC Jeffrey Richard Ouimet Rockland Trust Co. $1,525,000 $762,5009-15 Bubier St., Lynn Clocktower Properties LLC Massachusetts Coalition East Boston Savings Bank $1,575,000 $900,000for the Homeless Inc117-127 Heath St., Boston Heath Street Partners LLC LSREF2 Clover Property 15 LLC East Boston Savings Bank $1,700,000 $1,200,000345 D St., Boston Seaport Crossing LLC Cedarwood Development LLC East Boston Savings Bank $1,700,000 $3,490,000120 Southbridge Rd., Oxford M & I Realty Inc 2 Katie Marie Dr., LLC $1,728,598277 North Main St., Uxbridge Charbel Real Estate LLC Uxbridge Properties Inc Hellen Service Company Inc., and Uxbridge Properties Inc. $1,775,000 $1,275,000170 Bartlett St., Northborough Funnlore Realty Trust LLC Douglas Horka and Nancy Rinuado Enterprise Bank & Trust Co. $1,800,000 $1,440,000152 Fisk Ave., Springfield American Builders & Contractors Hendricks Commercial Properties LLC $1,892,000Supply Co.99-105 Crescent Ave., Chelsea Crescent Avenue-Chelsea LLC Boger Realty LLC Granite State Economic Development Corp $2,065,000 $1,192,00099-105 Crescent Ave., Chelsea Crescent Avenue-Chelsea LLC Boger Realty LLC First Trade Union Bank $2,065,000 $1,158,00099-105 Crescent Ave., Chelsea Crescent Avenue-Chelsea LLC Boger Realty LLC First Trade Union Bank $2,065,000 $1,447,50030 Worcester Rd., Webster KLT Realty Trust Cranston Print Works Co Sovereign Bank $2,250,000 $1,125,00018 Homer St., Brookline New Homer Street LLC 18 Homer Street LLC Digital Federal Credit Union $2,250,000 $1,800,00015 Blandin Ave., Framingham MetroWest Regional Southern Middlesex $2,300,000Transit AuthorityNon-Profit Housing Corp.101 Campanelli Dr., Braintree 101 Campanelli Drive LLC Prologis LP Granite State Economic Development Corp $2,359,999 $1,050,000101 Campanelli Dr., Braintree 101 Campanelli Drive LLC Prologis LP Weymouth Bank $2,359,999 $1,020,000101 Campanelli Dr., Braintree 101 Campanelli Drive LLC Prologis LP Weymouth Bank $2,359,999 $1,275,000continued

THE REAL REPORTER 2013 SUMMER REVIEWINDUSTRIALADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE1988 Washington St., Hanover Hanover Automotive Properties LLC M And S Limited Partnership Merchants Bank $2,400,000 $1,920,000910 Boston Tpk., Shrewsbury Hecht Shrewsbury LLC Douglas Smith, Frederick Smith Salem Five Cents Savings Bank $2,500,000 $1,825,000and Stuart M. Smith9 Progress Rd., Billerica Bayfield PB LLC Office Max Inc $3,000,000180 Avocado St., Springfield Severn Peanut Co. Inc Camar Realty Inc $3,000,00039-41 Brooks Dr., Braintree 39-41 Brooks Drive LLC STJ Brooks Equity Partners LLC RBS Citizens $3,100,000 $1,299,00039-41 Brooks Dr., Braintree 39-41 Brooks Drive LLC STJ Brooks Equity Partners LLC RBS Citizens $3,100,000 $2,480,000179 Campanelli Pkwy., Stoughton GCP Stoughton LLC Prologis LP Northway Bank $3,100,000 $2,200,000749 Middlesex Turnpike, Billerica Middlesex Billerica 749 LLC Welch Foods Inc. $3,180,00014 Grove St., Franklin Storage Pros Franklin LLC Edgar Alger III, Joyce Haseotes Eastern Bank $3,760,000 $3,750,000and Julius A. Nicolai521 Meadow St., Chicopee Meadow Chicopee 425-521 LLC Callaway Golf Ball Operations Inc $3,868,95840 Federal St., Lynn 40 Federal Street Realty General Electric Co. $4,000,000Holdings LLC15 Liberty Way, Franklin 15 Liberty Way LLC Campanelli Franklin I LP Granite State Economic Development Corp $4,325,000 $1,777,00015 Liberty Way, Franklin 15 Liberty Way LLC Campanelli Franklin I LP Avidia Bank $4,325,000 $1,730,00015 Liberty Way, Franklin 15 Liberty Way LLC Campanelli Franklin I LP Avidia Bank $4,325,000 $2,162,500250 Merrimack St, Lawrence 250 Riverwalk LLC Wood Mill Building E LLC Northern Bank & Trust Co. $5,000,000 $4,800,00015-33 Richdale Ave., Cambridge Hathaway Partners LLC Arthur Wolfson Cambridge Savings Bank $7,000,000 $5,000,0005 Beeman Rd., Northborough 5 Beeman Road LLC, LIT Industrial LP Blue Hills Bank $8,040,000 $5,600,000360 Cedar Hill St., Marlborough 360 Cedar Hill Holdings-3 LLC Ipers Cedar Hill Inc., $9,750,000234 Ballardvale St., Wilmington Ballardvale Street LP 234 Ballardvale Street LLC Salem Five Cents Savings Bank $10,530,000 $15,600,00015 Shattuck Rd., Andover DC-15 Shattuck Road LLC WRT-Andover Property LLC KeyBank $12,000,000 $55,000,000165-181 Cambridge Park Dr., Cambridge Hines MIP* Cambridge George B. Dodge Jr, $19,520,000Park Drive LLC1 Distribution Center Dr., Littleton MA Industrial Littleton LLC PR Littleton Expansion LLC Redwood Commercial Mortgage Corp $27,400,901 $57,000,000One Investors Way, Norwood Marshwood Property LLC Trumbull Center LP and Fairfield Sovereign Bank $32,250,000 $19,350,000Mortgage Partners LP300 Riverpark Dr., North Reading TFG 300 Riverpark Drive Riverpark Investors L.P Cresset Riverpark LLC $32,250,000 $3,400,000Property LLC300 Riverpark Dr., North Reading TFG 300 Riverpark Drive Riverpark Investors L.P East Boston Savings Bank $32,250,000 $22,700,000Property LLCMULTI-FAMILYADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUEUnits 46, 47 and 52-59, Riverview Heights Gorman Homes LLC Powder Mill Road Georgetown Bank $550,000 $1,340,000Condominium, AmesburyProperty Management54 Derby St., Salem Blue Sky Properties Inc Terryanne St. Pierre East Boston Savings Bank $558,200 $1,165,000220-226 Hurley St., U-226, Cambridge 220-226 Hurley Street LLC William Brett Davis Endeavor Capital Funding $850,000 $2,000,00024 Murdock St., Brighton 24 Murdock St LLC William Y. McCain Cambridge Trust Co. $1,000,000 $750,00094 Spring St., Medford Tauro Investments LLC Charles Fields and Janet Fields JPMorgan Chase Bank $1,008,500 $756,37520, 23 and 35 Kathryn Ln., Holliston Eames Capital Partners Lewis Branzburg Walpole Co-Operative Bank $1,024,000 $819,200Lewis Wharf Atlantic Ave., U-55/56 Sun Hill LLC Lewis Wharf LP $1,050,000and 135/136, Boston5 Greenwood Pl. and 8 Joyce St., Lynn KCMP Capital Inc Peter Realty LLC TD Bank $1,050,000 $862,5003000 Davenport Ave., U-3100, Canton Jazbo LLC Davenport Associates LLC Bay Colony Development Corp. $1,099,000 $455,0003000 Davenport Ave., U-3100, Canton Jazbo LLC Davenport Associates LLC Eastern Bank $1,099,000 $439,6003000 Davenport Ave., U-3100, Canton Jazbo LLC Davenport Associates LLC Eastern Bank $1,099,000 $549,5006 Baldwin Pl., Boston Christopher J. Young Marie Colleameno MSA Mortgage $1,100,000 $801,0009 Mission St., Boston NILI SO 1998 LLC 9 Mission LLC $1,170,000595 Main St., U-1, Chatham Riley and Baylor LLC 595 Main Street LLC GRS Investments $1,200,000 $185,000595 Main St., U-1, Chatham Riley and Baylor LLC 595 Main Street LLC Brookline Bank $1,200,000 $825,000765 Broadway, Everett Robert Krauss Realty LLC Mark A. Pearlstein People’s Federal Savings Bank $1,200,000 $900,00083-85 Surrey St., Boston Marc Resnick 83-85 Surrey Street LLC Walpole Cooperative Bank $1,270,000 $1,015,00071-73 Gainsborough St., Units 101E, 101W, 201E, Stepcon Group LLC Sixty-Nine Gainsborough Street LLC $1,300,000202W, 301E & 302W, 71-73 Gainsborough St.;and Units 10, 11, 12, 33-35 and48, 76 Gainsborough St., Bostoncontinued

THE REAL REPORTER 2013 SUMMER REVIEWMULTI-FAMILYADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE8 Museum Way, Units 208, 211, 216, 311, 316, Preferred Regatta LLC Regatta Riverview ADU LLC TAL Equities LLP $1,300,000 $975,000401, 411, 415, 501, 511, 516, 601, 611, 616,625, 701, 725, 801, 825, 901, 925-926, 1001,1025, 1101, 1125, 1327, 1827-1828,8 Museum Way; Units 208, 211, 216, 311, 316,401, 411, 501, 511, 601, 609, 611, 616, 701,801, 901, 1001 and 1101, 10 Museum Way,Cambridge435 Walnut Ave., Boston ABSHB LLC David A. Rosengard East Cambridge Savings Bank $1,358,000 $1,162,40041-43 Crescent St., Boston Crescent Moon LLC Charlestown Crescent LLC East Boston Savings Bank $1,385,000 $969,500232 Tremont St., Melrose 232 LLC Paul S. Alpert $1,395,000875-889 American Legion Hwy., Boston We Close The Deal LLC Joseph Larosa First Trade Union Bank $1,400,000 $1,120,00099 Lexington Ave., Units 99-1, 99-2 MAC Properties LLC Debra McEvoy & Robert P. McEvoy Eastern Bank $1,400,000 $1,200,000and 99-3, Lexington85 Harding St., Units 0, 2A, 1B, 2B, 3B Blackstone Lofts LLC Raymond C. Green Investments LP Builders First Financial $1,424,027 $1,424,027and 4B, Worcester2-8 Islington St., Boston Uyen Tu Pham Marc Resnick $1,427,5004 Leicester St., Brighton 4 Leicester LLC 4 Leic LLC $1,450,0001140-1142 and 1144 River St., Hyde Park River Street LJS LLC Antoinette E. Pemberton Blue Hills Bank $1,500,000 $1,100,00042-44-46 Lincoln St., Cambridge 42-46 Lincoln LLC Gabriel Fula, Joseph Mendonca, South Shore Bank $1,500,000 $1,400,000and Walter Sousa259 Commercial St., Units A, B and C, Patricia Gisleson, Donald Coill and Pamela Coill Sovereign Bank $1,500,000 $1,200,000Provincetown465 Columbia Rd., Boston Aeneas 4 LLC Columbia Road Boston LLC East Cambridge Savings Bank $1,501,465 $1,120,000170 St. Alphonsus St., Roxbury 93 Hillside LLC Noreen E. Loughran Cambridge Savings Bank $1,503,000 $1,320,00028 Fisher Ave., Boston Bharti Kadian and Sudhir Kadian FPG 17 Wensley LLC Guaranteed Rate $1,525,000 $645,00031-33 Warren F. Roberts Road, Cambridge Jeremy Seeger Leonard Singer Digital Federal Credit Union $1,560,000 $1,170,000219 West Springfield St., Boston Kerry L. Nelson David J. Ware $1,581,000303 Tappan St., Brookline Teampeh Properties LLC Tappan Street LJS LLC $1,670,000164 Endicott St., Boston 164 Endicott LLC Joseph A. Rubino Belmont Savings Bank $1,683,000 $1,346,0002-12 Torrey St., Framingham Kevin Ryan Christine M. Johnson-Battista Eastern Bank $1,723,750 $1,252,500and Judith N. Johnson15-18, 24 and 26 Pompeii St., Boston Pompeii Street Realty LLC Uwe Jaeckel, trustee of MED Realty TR $1,800,000135-137 Oxford St., Cambridge Manta Ray Management LLC Farrington Realty LLC Rockland Trust Co. $1,806,000 $1,000,00096, 104-106, 110 and 116 Conant St., Concord Rideout Realty LLC Maria Christine Ruggiero $1,817,500130 and 134 Ballou Ave., 8 and 10 Elizabeth St. and 10 Verill St., Mattapan K&K Development Inc Mattapan Community Development Corp $1,820,109112 Sycamore St., Units 3, 7 and 10; and 112 Sycamore Street 112-116 Sycamore Street LLC East Boston Savings Bank $1,850,000 $1,295,000116 Sycamore St., Units 14, 16, 19, 23, 24, 27and 31, Somerville618 Columbus Ave., Boston 618 Columbus Avenue LLC Ghassan Krayem Belmont Savings Bank $1,900,000 $1,425,00011-13 Seckel St., Cambridge LC Waltham LLC 11-13 Seckel Street LLC Leader Bank $1,925,000 $950,000143 Worcester St., Boston 143 Worcester LLC Christopher L. Gordon and Hingham Institution for Savings $2,050,000 $1,450,000Cynthia E. Gorton203-205 Winthrop Rd., Brookline DDG Winthrop LLC Wernick Properties LLC $2,100,000206 West Brookline St., Boston 206 West Brookline Properties LLC Christopher R. Yens $2,150,00015 Belair St., Brockton Rosebrook Apartments LLC Richard G. Daggenhurst East Boston Savings Bank $2,200,000 $1,760,00016 River St., Boston 16 River Street LLC Joanna W. Chodes and $2,500,000Leslie W. Fishman21 and 25 Catherine St., 21 Ives St., South Middlesex The Henry Lee Willis Community $2,500,00015 Northampton St., 141 Providence St., Non-Profit Housing Corp Center Inc54 Queen St., 7-9 Woodland St., and6 Wyman St., Worcester53 Church St., Hudson South Middlesex The Henry Lee Willis Community $2,500,000Non-Profit Housing Corp Center93 Kirkland St., Cambridge 93 Kirkland Street LLC Kirkland LLC Cambridge Trust Co. $2,552,000 $1,550,0003 Buckley St., 106 and 108 Chestnut Ave., JP Scattered Site LLC JPSSC Housing Corp. Eastern Bank $2,700,000 $3,360,00076 and 78 Spring Park Ave., and69 Walden St., Boston523 Columbus Ave., U-A-G, Boston 523 Columbus Avenue LLC Conrad E. Jack Sidney R. Handler $2,700,000 $2,225,00054 Bay State Rd., Cambridge I Fishman LP 54 BSR LLC $2,800,0008-14,9-11,18-20,22-24 and Allston Village LLC Linda J. Revell Digital Federal Credit Union $2,925,000 $2,800,00026-28 Lexington Ter., Waltham96 West Cedar St., Boston 96 West Cedar Street LLC Brownstone Florone Management LP $3,075,00035 North Margin Street, Boston 35 North Margin Street LLC Lantern Corps Realty LLC Cambridge Savings Bank $3,250,000 $2,437,500197-205 Kent St.*, Brookline 197-205 Kent Street LLC I. Fishman Family LP East Boston Savings Bank $3,300,000 $2,640,000continued

THE REAL REPORTER 2013 SUMMER REVIEWMULTI-FAMILYADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE66 Mayflower Ave., Middleborough Mayflower LJS LLC KMarsh-Palmer LLC and Rockland Trust Co. $3,500,000 $2,700,000WMarsh-Palmer LLC127 St. Botolph St., Boston 127 St. Botolph Street LLC Lynx Botolph LLC $3,650,000West Wood Village, Plympton Road. West Wood Village Resident R.J. Ferioli Realty Inc ROC USA Capital $3,828,000 $3,876,000Plymouth and KingstonAssociation Inc.190 Groton Rd., Units 130, 140-150,160, 170, HTA-Nashoba MOB 1 LLC Nashoba Valley Medical $3,982,662200, 220, 250, 260 and 270, Ayer5 Marlborough St., Boston 5 Marlborough LLC DEK Holdings LLC Wellesley Bank $4,150,000 $5,328,300Units 586-1, 586-2, 586-3, 586-6; 588-1, 588-2, Glenside Properties LLC The Uma Mallikharjuna The Cooperative Bank $4,200,000 $5,211,940588-4, 588-A; 590-A, 590-1, 590-2, 590-3, Foundation Inc590-4, 592-2, 592-3, 592-4 and 592-6, 586,588, 590 and 592 Washington St., Brookline284 Great Rd., Acton Acton Townhouses LLC Nashoba Apartments LP CBRE Multifamily Capital Inc $4,300,000 $3,440,000580-584 Bridge St., Weymouth 580-584 Bridge Street LLC Ellen Rea Marcus and Sy H. Marcus Eastern Bank $4,400,000 $3,300,00088 West Cedar St., Boston 88 West Cedar Street LLC Beacon Hill Apartments LLC $4,400,0005-15 Victory Rd., Dorchester Victory Equity Investment LLC Victory Road LLC Digital Federal Credit Union $5,335,000 $2,575,0005-15 Victory Rd., Dorchester Victory Equity Investment LLC Victory Road LLC Digital Federal Credit Union $5,335,000 $1,160,000134 Summer St., Malden 134 Summer Street LLC Nancy Murray and Mark Murray Brookline Bank $6,600,000 $4,950,0002-4-6 Brimmer St., Boston GPD Brimmer 2 LLC J. Linzee Coolidge & Robert Gulick $8,250,00043 Church St, Falmouth Peter R. Fenn Mary Ellen Malloy and $11,750,000Anastasios Parafestas60 Pleasant St., Arlington Brentwood Realty Partners LLC David W. Carr Leader Bank $12,465,000 $21,125,00025 Hopedale St., Hopedale VTR Northeast Holdings LLC HCRI Massachusetts Properties Inc., $14,035,18885 Storey Ave., Newburyport VTR Northeast Holdings LLC HCRI Massachusetts Properties Trust II, $19,939,7271-17 Old Colony Ln., Arlington Old Colony Realty Partners LLC David M. Carr Leader Bank $20,035,000 $21,125,000130 Bowden St., Lowell Taurus CD 165 Bowden Street Lowell Crossing Realty LP Commerce Bank & Trust Co. $20,250,000 $17,050,000Lowell MA LP11-15 Edmands Rd., Framingham BC Edmands House LLC Edmands House Apartments Assoc. MHIC LLC $22,000,000 $20,180,0009-17 Cambridge Tpk., Lincoln BSL/BN Groves CCRC LLC The Groves In Lincoln Inc HCRI Tucson Properties Inc. $22,350,301 $21,000,000185 Cotuit Rd., Sandwich Sun Peters Pond RV LLC Peters Pond RV Resort Inc $29,450,0002000 Taylor Pond Rd., Bedford; and CPF Taylor Pond LLC Criterion at Bedford LLC $49,050,000Plank Road, Billerica3 Douglas Pk., 168R Camden St., Hamilton Northeast LLC Douglass Plaza Housing Co KeyBank $52,000,000 $28,000,000650 Columbus Ave. & 801 Tremont St., Boston400A Georgetown Dr., Georgetowne Homes Two LLC New Georgetowne LLC $73,430,703.75f/k/a 543 Georgetown Drive., Boston400A Georgetown Dr., f/k/a 10 and Georgetowne Homes One LLC New Georgetowne LLC New Georgetowne LLC $120,578,810 $7,458,118650 Georgetown Dr., Boston400A Georgetown Dr., f/k/a 10 and Georgetowne Homes One LLC New Georgetowne LLC Massachusetts Housing Finance Agency $120,578,810 $32,392,000650 Georgetown Dr., Boston400A Georgetown Dr., f/k/a 10 and Georgetowne Homes One LLC New Georgetowne LLC Massachusetts Housing Finance Agency $120,578,810 $72,474,000650 Georgetown Dr., Boston43-45 Salcombe St., Boston 43 Salcombe Street LLC John M. Fink Eastern Bank $1,104,000LANDADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE3 and 5 Tannery Rd., Sturbridge DiVerdi Builders Inc Allen Homestead Development United Bank $57,000 $1,250,000Plimpton St., Parcel A, Walpole Plimptonville Crossing LLC John M. Lubold MutualOne Bank $120,000 $2,575,0006 Neelon Ln., Medway Charles River Village LLC Todd A. Gattoni, Needham Bank $450,000 $2,160,000IBG Lots 31-35, Weymouth IBG Highlands LLC LNR South Shore LLC South Shore Bank $640,000 $1,620,00056-58 Waverly Ave., Newton Rogers & Co David O’Rourke and Dedham Institution for Savings $725,000 $1,500,000Deborah M. O’Rourke881 East Second St., Boston 881 Second Street LLC J&E Realty TR First Commons Bank $866,000 $6,633,475Beech St., Lots 22, 24, 26, 27, 28 & 31, Millis Mendes Development Co. Inc Southwind Farm LLC $1,087,00097 Myrtle St., Norfolk Ariana Lane Norfolk LLC Sunnyside-Myrtle Development LLC Sunnyside-Myrtle Development LLC $1,100,000 $1,000,000Lots 4,7, 10, 11 and 23 Hickory Ln., Topsfield Patch Development LLC Meeting Way Corp. Inc Haverhill Bank $1,100,000 $1,245,000149 County Rd., Ipswich SHP IV/LCB Ipswich LLC Congress Construction Corp PNC Bank National Association $1,100,000 $12,892,000; 21 Plantingfield Way, Edgartown Geoffrey Caraboolad, Plantingfield Way LLC $1,130,00029 Commercial Rd., Leominster Wendy’s Old Fashioned CNL APF Partners LP $1,138,000Hamburgers of New York Inc.Stafford Street and Victoria Drive, Lots 1, 2, Briarcliff Estates SV LLC Watson Global Development $1,175,0006, 7 and 8 , Leicester Associates LLCcontinued

THE REAL REPORTER 2013 SUMMER REVIEWLANDADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE36 River St., Waltham Acadia on the Charles LLC TC Saracen LLC, $1,249,999160,162 and 164 Bradford Street Ext., Marcus Builders LLC Donald N. Fiset and Robert P. Fiset Seamans Bank $1,270,000 $470,000Provincetown4790 State Hwy., Eastham Eastham Range LLC T.D. Riverside LLC $1,300,000199 Stafford Rd., Wales Wales Village LLC Wales Brookside Village LLC Dime Bank $1,312,500 $1,050,0002, 12, 12A, 16, 18, 22, 38 and 44 Irving St.; Bullard Building LLC Plousia LLC $1,325,000and 400 and 402 Waverly St., FraminghamLots 1, 2 and 3 of Parcel A Cider Hill Way, Fieldstone Meadows Andover Sunset Rock LP Enterprise Bank & Trust Co $1,360,000 $1,251,600AndoverDevelopment CorpLot 2, Vine and Tufts Streets, Charlestown Suffolk Vine LLC Roman Catholic Archbishop East Boston Savings Bank $1,400,000 $4,200,000of Boston15 Harris St., Cambridge and 318 Beacon St., Beacon Street Partners LLC Greenwood Management Properties $1,400,000Somerville33 Walcott St., Stow Bentley Building Corp Kenny E. Banks and William C. Banks $1,450,000121-129 Winter St., Lots 1-4, Lincoln & Waltham Hospice of the North Shore Inc. LSREF2 Clover Property 15 LLC $1,450,000Brandt Lane and 24 Jolma Rd., Worcester J. Russ Corp., Scott M. Saltus Avidia Bank $1,575,000 $1,725,0003 Distribution Center Dr. Littleton MA Littleton Land LLC, PR Littleton Expansion LLC $1,600,00075-85 Northern Ave., Boston MS Seaport Block F LLC MS Boston Seaport LLC Northern Bank & Trust Co. $2,000,000 $3,250,000189 Boston Post Rd., Sudbury CCC Post Road LP Vincent C. Mercuri $2,000,00016 Wildes Road, Topsfield New Meadows Development LLC Montana Development LLC North Shore Bank $2,150,000 $3,150,000101 Brookley Rd., West Roxbury Buildex Real Estate Ventures LLC, Planet Street LLC $2,180,000Lots 50, 52 and 53 Livermore Cir., Lots E and F SF Holdings LLC Robert D. Quirk Bank of New England $2,200,000 $1,000,000Maynard Rd. and Lots 46A, 47-49, 54 and55 Widow Rite’s Ln., Sudbury21 Shepard St. and Lot 1, Warren St., Lynn EWE Properties Inc 21 Shepard Street LLC $2,250,00090 Freeport St., Dorchester North Dorchester LLC Motorland Inc Joseph M. Susi, Raymond P. Susi and Robert Susi $2,250,000 $2,100,000Lots 15-258 thru and inc. Lots 15-268, A-238, Whitman Homes Inc Pinehills LLC South Coastal Bank $2,400,000 $2,080,000A240 and A-241, Boatwright’s Loop, PlymouthLot 1A and 4 and Parcel A, B, C and 1B, Eaglebrook Development LLC Antonio J. Lorusso and Rockland Trust Co. $2,720,000 $1,920,000Franklin St., WrenthamSamuel A. LorussoLot 1A and 4 and Parcel A, B, C and 1B, Eaglebrook Development LLC Antonio J. Lorusso and Rockland Trust Co. $2,720,000 $2,000,000Franklin St., WrenthamSamuel A. LorussoLot 1A and 4 and Parcel A, B, C and 1B, Eaglebrook Development LLC Antonio J. Lorusso and Rockland Trust Co. $2,720,000 $3,880,000Franklin St., WrenthamSamuel A. LorussoLots A and B, 71 Needham St., Newton Needham Street Village Shops LLC H & J Newton LLC Commerce Bank & Trust Co $3,200,000 $11,306,00036 River St., Waltham Hines MIP River Street LLC Acadia on the Charles LLC $4,500,000Woodland Road, Lot A, Brookline 3DBB Brookline LLC Pine Manor College Pine Manor College $4,500,000 $500,00030 Wyman St., Woburn Melanson Gately LLC William C. Carlson, Paul J. Kennedy, Northern Bank & Trust Co. $4,533,595 $3,579,000Albert T. Spence, Robert J. Spence Jr.,and Thomas W. Spence, trustees ofSpence Farm Realty TR555 Forest St., Marlborough Partners Healthcare Systems Inc John A. Cataldo, Arturo J. Gutierrez $4,542,500and Arthur J. Gutierrez Jr.,Shipyard Dr., Lot P19B-7 and Lot P19-1, Hingham Lennar Hingham Holdings LLC MS Rialto Hingham MA LLC $5,185,3891 Repton Dr., and 2 Repton Cir., Watertown VRS/MCRT Watertown MEWS LLC Beacon Pleasant Street LLC Citizens Bank of Pennsylvania $12,357,500 $37,700,000OFFICEADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE154 High St., Ipswich 154 High Street LLC High Street North LLC The Savings Bank $1,000,000 $1,000,000817 Highland Ave. & 471 Hunnewell St., Needham 57 Dedham Ave LLC Edgehill Construction Corp Needham Bank $1,000,000 $1,000,00018 Highland Ave., Newburyport Highland Associates of Daniel Leary Jr., Paul Mendelson Institution For Savings in Newburyport and its Vicinity $1,034,335 $700,000Newburyport LLCand Joseph E. Tuthill33 Nagog Park, Acton Aditas LLC ND/Winrock Acton LLC $1,055,017418-422 Main St., Worcester KYR 418 LLC Panadorou Properties LLC Avidia Bank $1,200,000 $960,000135-137 North Beacon St., Watertown 135 North Beacon Street LLC Samuel S. Brooks $1,237,50052 Armstrong Rd, Plymouth ARC of Greater Plymouth Inc Origen Armstrong Investment LLC Webster Bank $1,300,000 $1,300,000285 John Fitch Highway, Fitchburg Fitchburg Gas and Electric Light Co. Fitchburg Associates $1,400,000292 Cabot St., Beverly Pathways for Children Inc Northeast Behavioral Health Corp TD Bank $1,417,623 $1,230,00040 Tall Pine Dr., Sudbury SG Tall Pine LLC CODJER Pines LLC Cape Cod Five Cents Savings Bank $1,630,000 $3,662,50040 Tall Pine Dr., Sudbury SG Tall Pine LLC Codjer Pines LLC Cape Cod Five Cents Savings Bank $1,630,000 $2,660,0001398 Cambridge St., Cambridge 1400 Cambridge Street Realty LLC Katherine A. Coughlin Northern Bank & Trust Co $1,800,000 $1,200,000continued

THE REAL REPORTER 2013 SUMMER REVIEWOFFICEADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE189 Cambridge St., Cambridge 189 Cambridge Street LLC Robyn L. Mooradian and South Shore Bank $2,000,000 $1,600,000Debra M. Wilson1 Griffin Brook Dr., Methuen One Griffin Brook Drive LLC David K. Wanger Enterprise Bank & Trust Co. $2,094,523 $1,593,750197 Main St., North Reading NR 197 Main LLC William R. Schofield, William R. Schofield, trustee of 197 Main Street Realty TR $2,250,000 $2,130,00094 Wells Ave., Newton The Hospice of the Ninety-Four Wells Avenue LLC The Village Bank $2,850,000 $2,280,000Good Shepherd Inc.15 Belmont St.; 22, 51 and 53 Old Lincoln St.; Massachusetts College of Pharmacy CHM Realty LLC $2,900,000and 43 and 49 Lincoln St., Worcesterand Allied Health Sciences345 Boylston St., Newton Legacy Pearl LLC Louise Corman Eastern Bank $2,926,000 $2,190,000145 Wells Ave., Newton 145 Wells Partners LLC D&D Image Group LLC Brookline Bank $3,200,000 $300,0001 Riverside Dr., Andover Charm Sciences Inc., RREEF America REIT III Z1 LLC $3,500,000550 Dudley St., Roxbury Co-Opportunity Inc Community Hope LP $3,649,4691266 Furnace Brook Pkwy., Quincy Ellen Rea Marcus & Sy H. Marcus Exchange 1 LLC Eastern Bank $3,800,000 $3,000,00031 Roche Brothers Way Heights Holding Co Two Washington Place LLC RiverSource Life Insurance Co. $4,250,000490 Old Connecticut Path, Framingham CR 21 LLC Conopco Inc $4,500,000727-731 Boylston St., U-2, Boston Boylston 729 LLC 729 Boylston Street Partners LLC Brookline Bank $5,200,000 $4,500,000159 Overland Rd., Waltham ABC Commercial Koda Ventures Waltham I LLC Northway Bank $5,425,000 $3,797,500Properties Waltham Inc300 Federal St., Andover GCP Andover LLC Jupiter Real Estate LLC Northway Bank $6,165,000 $6,670,000193-195 State St., Boston 195 State Street Realty TR 195 State Holdings LLC $7,700,0007-9 Channel Center St., Boston BCSP 7/9 Channel Center Channel Center Holdings VAF LLC $7,800,000Property LLC319-321A St., Boston 319A Property Owner LLC W2005 BWH II Realty LLC Divcowest Fund III REIT LP $8,000,000 $5,850,0001-9 Essex St., & 628-636 Washington St., Boston Washington Liberty LLC JPMCC 2007-CIBC19 Washington $8,137,500Street LLC70 Walnut St., Foxborough HTA-Norwood MOB LLC Steward Norwood Hospital Inc $8,245,51179 Newbury St., Boston UMNV 79 Newbury LLC YAS Real Estate LLC $10,000,00097 Libbey Industrial Pkwy, Weymouth Foxrock Weymouth At Realty LLC Libbey Park LLC Rockland Trust Co. $10,500,000 $5,250,000327-335 and 337-347 Summer St., Boston DWF II Synergy LLC W2005 BWH II Realty LLC DWF III Synergy Lender LLC $11,000,000 $5,850,000150 Newport Ave., Quincy Foxrock Granite LLC Normandy Newport Holdings LLC Eastern Bank $13,975,000 $12,000,000306 Dartmouth St., Boston FAL Boston LLC Neil St. John Raymond $14,500,000111 Speen St., Framingham 111 MPA LLC RREEF America REIT III-Z1 LLC Cambridge Savings Bank $14,500,000 $10,400,000100 and 150 Grossman Dr., Braintree Albany Road-Braintree LLC Braintree Executive Park LLC JPMorgan Chase Bank $17,200,000 $10,690,000818 and 830 Oak St. Brockton HTA – Good Sam Mob LLC Steward Good Samaritan $17,601,170Medical Center Inc.45 Milk St., Boston SDCO 45 Milk Street Office Inc 45 Milk Street Owner LLC $21,000,000330 Baker Ave., Concord Cole of Concord MA LLC Normandy Concord BTS LLC $24,365,52210 Fawcett St., Cambridge AG Fawcett LLC Fresh Pond Square Associates LLC $31,300,000200 Inner Belt Rd., Somerville North River II LLC Fine Art Storage Partners LLC People’s United Bank $33,430,000 $24,570,0009-11 Beacon St., Boston Beacon Street Holdings LLC 11 Beacon Street LLC Eastern Bank $34,000,000 $23,000,0001 Newton Pl., Newton Taurus One Newton Place LLC The Realty Associates Fund VII LP Eastern Bank $34,000,000 $34,500,000266 & 275 Second Ave., Waltham 266 & 275 Second Avenue LLC John Hancock Life & Insurance Co. $34,500,000400-1, 400-2 & 460 Totten Pond Rd., Waltham The Realty Associates Fund X L.P Totten Pond Investors Inc $47,000,000320 Charles St., a/k/a 111 Sixth St., Cambridge BMR-320 Charles LLC Joseph H. Matzkin $52,000,00019 Superior Dr., Natick The Mathworks Inc. Boston Scientific Corp. $55,000,00047 Foundry Ave., 41 Seyon St. and Centerpoint Acquisitions LLC TC Saracen LLC RPF II Lender I LLC $68,000,000 $44,200,000190 Willow St., Waltham5 and 15 Wayside Rd., Burlington Piedmont 5 & 15 Wayside LLC Behringer Harvard Wayside LLC $69,320,8001 Sun Life Park, Route 9 and Route 128, Sun Life Assurance Co. of Canada Sun Life Assurance Co. of Canada $88,040,000Sun Life Executive Park, Wellesley Hills, andSt. Mary Street, Needham311 Arsenal St., Watertown Athena Arsenal LLC President and Fellows of $168,500,000Harvard College269-287 Grove St., Newton Hines Global Reit Riverside MA-Riverside Project LLC $197,250,000Center LLC1, 3, 6, 7, 8, 12, 15, 16 and 17 New England AEW Capital, CRRI and Equity Office $215,900,000Executive Park Dr., BurlingtonNational Development

THE REAL REPORTER 2013 SUMMER REVIEWRETAILADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE350 John Fitch Hwy., Fitchburg Thurken MA II LLC Lawrence Marshall and Franklin Savings Bank $499,000 $1,200,000Robert Marshall0 and 32-36 Andrew St. and Water Street Retail LLC Great East Realty TR Lowell Five Cent Savings Bank $585,000 $1,505,88238-50 Central Ave., Lynn14-18 Robert St., Roslindale City Point Capital III LP Thomas Papathanasiou Dedham Institution for Savings $750,000 $3,492,00045 Meeting House Ln., Bourne Carol Ann Gately & John Gately Jr. 45 Meeting House Lane Realty LLC Hingham Institution for Savings $1,050,0001115 Worcester Rd., Framingham A.L. Prime Energy Consultant Inc Govoni Realty Inc., $1,100,000213-221 Bowdoin St., and Nelson Fernandez Jennifer M. Trendel $1,100,00082-84 Norton St., Dorchester250 Central St., Winchendon Winmass Realty LLC Almy Corp Valley National Bank $1,150,000 $900,000893 Main St., Woburn Main Street Woburn RX LLC Edward J. McManus Cambridge Savings Bank $1,200,000 $6,900,00040A Centre St., U-1, 58 Main Street LLC Bernard Coffin and Carol Coffin Hingham Institution for Savings $1,200,000 $525,000a/k/a 40A Center St., Nantucket139 Southbridge Rd., Oxford 139 Southbridge Road Inc Richard McCabe Oxford Realty TR $1,200,000 $400,000915 South Main St., Haverhill South Main Corner LLC Joseph B. Bardetti $1,200,000343 Center St., Ludlow GF Enterprise II LLC Taco Bell of America LLC $1,209,7061179-1191 Ocean St., Marshfield Rexhame Real Estate LLC Robert E. Gagnon Sr New England Certified Development Corp $1,250,000 $527,0001179-1191 Ocean St., Marshfield Rexhame Real Estate LLC Robert E. Gagnon Sr South Coastal Bank $1,250,000 $509,6001179-1191 Ocean St., Marshfield Rexhame Real Estate LLC Robert E. Gagnon Sr South Coastal Bank $1,250,000 $637,000524-530 Main St., Melrose Cuong Bui Timothy C. Moynihan Enterprise Bank & Trust Co. $1,250,000 $937,50024 Commonwealth Ave., Concord 24 Commonwealth Avenue Paul Mandrioli & Peter Mandrioli Jr $1,250,000Associates LLC13-15 Main St., Wakefield Store Master Funding III, LLC Best Friends Pet Care Inc Citibank $1,278,293 $2,010,00019 Haverhill Rd., Amesbury Align Credit Union Bradley M. Kutcher $1,295,000237 Dodge Rd., Rowley The Residence At Carriage Windover Properties LLC Reading Cooperative Bank $1,400,000 $1,425,000Pines LLC237 Dodge Rd., Rowley The Residence At Carriage Windover Properties LLC Reading Cooperative Bank $1,400,000 $3,239,671Pines LLC619-621 Hammond St., Brookline 619 Hammond Street LLC Barry Bernard and Myrna Bernard 619-621 Hammond Street Realty TR $1,400,000 $200,0008 Dyer St., Provincetown Stephen Katsurinis and Penzance Road Real Estate LLC Cape & Islands Community Development Inc $1,447,500 $458,000Brandon Quesnell8 Dyer St., Provincetown Stephen Katsurinis and Penzance Road Real Estate LLC Seamens Bank $1,447,500 $445,500Brandon Quesnell8 Dyer St., Provincetown Stephen Katsurinis and Penzance Road Real Estate LLC Seamens Bank $1,447,500 $742,500Brandon Quesnell324 East Main St., Milford Stewardship Property LLC Route 16 Land Development Corp Navigant Credit Union $1,450,000 $1,100,00049 L Street, Boston 49 L Street LLC Kerri Nee and Kevin Nee Needham Bank $1,475,000 $3,512,000891 Main St., Woburn Main Street Woburn RX LLC Flora Main LLC Cambridge Savings Bank $1,500,000 $6,900,000116 Main St., Medway Paul A. Longobardi and Janice Griffiths and Joseph Griffiths $1,525,000Peter B. Longobardi59 Main St., a/k/a 59 Rt. 28, West Yarmouth Dipti LLC Ragini LLC BankNewport $1,550,000 $577,50059 Main St., a/k/a 59 Rt. 28, West Yarmouth Dipti LLC Ragini LLC BankNewport $1,550,000 $825,0002485 Massachusetts Ave., Cambridge Cambridge Automotive Properties LLC M and S Limited Partnership $1,605,000106-120 Cambridge St., Boston MJ Development Group LLC Gerard Schifino First Trade Union Bank $1,700,000 $1,261,50011 Research Pl., Chelmsford Milton Wilson III Barbara Schupack and $1,733,333Melvyn B. Schupack64 Bearskin Neck, Rockport 64 Bearskin Neck LLC Bearskin Neck Motor Lodge Inc $1,800,00028 West Rd., Orleans Hang Ten Inc William L. Hirst Bank of Cape Cod $1,800,000 $905,000168-174 Hampshire St., Cambridge Hampshire Holdings LLC Agnosis Development LLC Salem Five Cents Savings Bank $1,900,000 $4,100,000126 Killam Hill Rd., Boxford Store Master Funding III, LLC Best Friends Pet Care Inc Citibank $1,976,438 $2,010,000186 Endicott St., Danvers Charter Foods North LLC Taco Bell of America LLC Regions Financial Corp $1,981,812 $31,100,000350 Squire Rd., Revere 350 Squire Road LLC Global Companies LLC Northern Bank & Trust Co. $2,000,000 $1,584,000175 Bridge Rd., Salisbury George Haginicolas and Steven Kuchar and Lisa Reinhold North Shore Bank $2,000,000 $2,000,000Steven Haginicolas138 Harvard Ave., Boston Allston Village LLC Yellow Brick Storage LLC Digital Federal Credit Union $2,050,000 $1,288,000515 Northboro Road West, Marlborough OFLC Real Estate LLC Vivon Corp., Vivon Corp $2,200,000 $1,980,0001 Country Club Rd., Holyoke D. Hotel & Suites Inc Holyoke Hotels LLC Easthampton Savings Bank $2,500,000 $2,240,000311 and 315 Mishawum Rd., Woburn Woburn Lodging LLC Grand Prix Woburn LLC Business Capital Source $2,568,900 $1,950,0006 Washington St., North Reading DJTC Realty LLC Ronald A. Levaggi $2,650,0001833 Centre St., Boston Roxbury Pooh LLC Babak Veyssi $2,757,281140-142 Franklin St., Stoneham Stoneham Assisted Living LP S&R Associates United Bank $2,800,000 $15,700,000continued

THE REAL REPORTER 2013 SUMMER REVIEWRETAILADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE21 Broad St., Nantucket Nantucket Broad Street LLC 21 Broad Street LLC $3,050,000Boria Lane and Worcester Providence Tpk., 146 Rocks LLC Millbury Savings Bank People's Bank $3,200,000a/k/a Route 146, Millbury94 Charles St., Boston 94 Charles Street Residential LLC Sally Deane and Louise Venden East Cambridge Savings Bank $3,300,000 $3,000,0001, 5 and 17 Edgell Rd., Framingham Capstan Holdings I LLC and GO Development LLC Eastern Bank $3,400,000 $2,560,000Wrentham Holdings LLC105 and 109R Bradford Street Ext., The Escape Plan LLC Charlotte L. Gordon and Cooperative Bank of Cape Cod $3,425,000 $2,850,000ProvincetownWilliam A. Gordon Jr465, 467 and 469 Washington St., Boston Treeco/Liberty LLC Frederick Ballou and Peter Loring East Boston Savings Bank $3,475,000 $4,000,0001719 Boston Rd., Springfield Boston Road Retail LLC JCP Partners LLC $3,550,0001725 Massachusetts Ave., Cambridge Elie On Mass. Ave., LLC Cumberland Farms Inc. East Cambridge Savings Bank $3,750,000 $3,400,00049-53 Grove St., and Washington Grove LLC WB Wellesley Inn LLC $4,530,000576-578 Washington St., Wellesley131 Main St., Spencer Mayan Tov LLC Woodgreen Spencer LP Rollstone Bank & Trust $6,500,000 $5,200,0001075 Broadway, Lot 21, Saugus CPI VSC Saugus LLC Nomist Realty/1069 Broadway/ Sovereign Bank $9,361,000 $7,020,000Saugus LLC49-67 Lansdowne St., Boston NESV Lansdowne Street LLC Lansdowne Parking Associates LP $10,500,00010-18 Pleasant St., and 5 Waldo St., Brookline CHR Pleasant LLC Gladys LLC Gladys LLC $11,009,747 $10,509,747400 Presidential Way, Woburn Realty Income Properties 25 LLC 400 Metronorth Corporate Center LLC $12,100,0001285 Beacon St., Brookline 1285 Beacon Investors LLC 1285 Beacon LLC RBS Citizens $13,925,000 $10,402,0001453 Pleasant St., Bridgewater HD Bridgewater Realty DST 1453 Pleasant Street LLC and CTL Lending Group $15,150,000 $14,125,000Pleasant Street Bridgewater LLC75 Felton St., Marlborough Marlborough WCP Hotel LLC Fine Key West Investments LLC Cantor Commercial Real Estate Lending $23,980,000 $19,750,00010 Necco St., Boston Necco Garage Properties Owner LLC W2005 BWH III Realty LLC Capital One $34,000,000 $18,525,00027-B and 727-A Marrett Rd., Lexington A&E Lexington Hotels Owner LLC Starwood Lexington Realty LLC Sovereign Bank $36,000,000 $18,500,000100 Commercial Rd., and VCG Whitney Field LLC MLMT 2006-C2 Mall at Colfin Whitney Funding LLC $36,100,000 $41,650,00071 Sack Blvd., Leominster Whitney Field LLC350 Stuart St., Boston LBV Hotel LLC Headquarter Hotel LLC/ Deutsche Bank $84,387,000 $62,000,000Doyle Back Bay LLCMIXED-USEADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE61-65 Boyd St., Watertown SPC Development LLC Davis Rowe, Kathleen Rowe and Cambridge Trust Co. $800,000 $1,486,500Matthew H. Rowe429 Cherry St., Newton Young Investments LLC Newton Community Service The Village Bank $1,020,000 $798,750Centers Inc181 North Main St., North Brookfield 181 N. Main North Brookfield LLC Paradise One Realty LLC Marlborough Savings Bank $1,090,000 $825,0002 and 4 Chins Way, Nantucket 2-4 Chins Way LLC PBE Companies LLC $1,105,000126-150 Pleasant St., Malden 126-150 Pleasant Street Malden Masonic Association $1,200,000Associates LLC27-29 Square St., Boston 27-29 Stuart Street LLC Frederick M. Cyker $1,200,000534 East Broadway, Boston 534 EB LLC Boston Redevelopment LLC Belmont Savings Bank $1,295,000 $1,036,000101 Richdale Ave. and 60-62 Walden St., Mane Properties John E. Fallon Walpole Co-operative Bank $1,300,000 $1,040,000Cambridge63 Bedford St., Lakeville Warren Trask Co Gebsco Realty Corp Berkshire Bank $1,925,000 $10,740,000221 Baker Ave., Concord New Life Community Church Concord Elks Club Inc $2,180,00024 Joy St., Boston 24 Joy LLC Beacon Hill Apartment LLC $2,425,000355 Bennington St., and 413, 415 and 413-419 Bremen Street LLC DeSanctis Holdings LLC $2,850,000419 Bremen St., Boston40 Follett St., Quincy Saint Bay Pointe Land LLC, Rossignol Corp Rossignol Corp. $3,531,300 $2,931,300315 and 335 Maple Ave. and Spagtacular LLC David M. Nickless $4,000,000365 Boston Tpk., Shrewsbury10 and 12 Avon Ct., 1, 5 and 8 Norwood Ct.; East Gloucester Marine Realty TR East Gloucester Marine LLC Rockport National Bank $4,100,000 $3,690,000and 115-123, 147R andand Jimary Land Trust LLC149R East Main St., Gloucester760 Cummings Hwy., Boston Cummins Highway LLC 760 Cummins Highway LLC East Cambridge Savings Bank $4,295,158 $3,400,00055-65 Central St., Georgetown Columbia Property Investors Central Street Plaza Georgetown LLC $4,400,000Windham II LLC69Gainsborough St.; & 76-110R Gainsborough St, 69 Gainsborough St, LLC Sixty-Nine Gainsborough Street LLC Manufacturers and Traders Trust Co. $4,600,000 $3,600,000Units 28 to 31 an 60 to 65, Boston2110 to 2130 Providence Hwy., Unit 1, Walpole SRJ Management LLC Blades Realty LLC TD Bank $6,750,000 $2,380,0002110 to 2130 Providence Hwy., Unit 1, Walpole SRJ Management LLC Blades Realty LLC TD Bank $6,750,000 $3,400,000continued

THE REAL REPORTER 2013 SUMMER REVIEWMIXED-USEADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE205 Newbury St., Boston UMNV 205 Newbury LLC 205 Newbury Associates $8,060,00010 and 11 Arlington St., Boston Fisher College Tellus Institute Inc TD Bank $11,750,000 $9,320,0008 Newbury St., Boston UMNV 8 Newbury LLC Linda S. Dalby Kennedy and $15,150,000Martha W. de Bourgknecht39 JFK St., Cambridge Mayhaw LLC 39 JFK LLC $33,150,00010-20 Channel Center St., Boston BCSP 10/20 Channel Center Channel Center Holdings VAF LLC $62,000,000Property LLCMISCELLANEOUSCOMMERCIALADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE502-504 Massachusetts Ave. and 776-780 Tropicana Realty LLC Irina P. Shubov and Lev Y. Shubov Endeavor Capital North LLC $1,030,000 $750,000Tremont St., Units 4, 5, 6 and 7, Boston319-329A Centre St., Units C-1, C-2, C-3 Miller Holdings LLC Audubon Circle Realty LLC $1,349,000and C-6, Jamaica Plain407-409 Shawmut Ave., Roxbury Henshaw Tremont LLC Salvation Army of Massachusetts Hingham Institution for Savings $5,025,000 $3,700,000FLEXADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE45 Plainfield St., Chicopee SDI LLC RHD Realty LLC $1,050,0005 Lowell Ave., Winchester Anova School Inc Parkview Electronics LLC Winchester Cooperative Bank $1,600,000 $1,200,00051 Man Mar Dr., Plainville Iandoli Properties LLC Cheryl A. Deschenes and Rollstone Bank & Trust $1,700,000 $1,360,000Patricia A. Fellman15-17 A St., Burlington William H. Goldberg Franklin A Street LLC The Savings Bank $1,747,500 $1,400,0009 Malcolm Hoyt Dr., Newburyport Phoenix Electronics Inc Malcolm Hoyt LLC Rochester Electronics LLC $3,639,000 $3,200,0005 Omni Way, Chelmsford EB/GP3 Five Omni Way LLC DMARC 2006-CD2 Omni Way LLC Bank of New England $3,858,750 $7,802,131377 Plantation St., Worcester WCS-377 Plantation Street Inc ARE-377 Plantation Street LLC $11,120,071381 Plantation St., Worcester WCS-381 Plantation Street Inc ARE-381 Plantation Street LLC $12,929,205One Innovation Dr., Worcester WCS-One Innovation Drive Inc ARE-One Innovation Drive LLC $16,200,724175-190 Kenneth W. Welch Dr., Lakeville ARC TBLVLMA001 LLC 175-190 Kenneth W. Welch Drive LLC $36,743,057HISTORICADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE34 Grove St. and 21 and Voke Lofts LP New Garden Park Inc Boston Community Loan Fund $1,720,000 $4,042,00026 Salisbury St., Worcester34 Grove St. and 21 and Voke Lofts LP New Garden Park Inc Massachusetts Department of Housing and $1,720,000 $4,555,00026 Salisbury St., Worcester Community Development34 Grove St. and 21 and Voke Lofts LP New Garden Park Inc Boston Community Loan Fund $1,720,000 $12,425,00026 Salisbury St., Worcester34 Grove St. and 21 and Voke Lofts LP New Garden Park Inc Bank of America $1,720,000 $23,250,00026 Salisbury St., WorcesterNURSING HOMEADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE174 Forest Hill St., Boston Jamaica Plain Health Group LLC Ventas Realty LP Berkshire Bank $1,059,753 $1,835,535174 Forest Hill St., Boston Jamaica Plain Health Group LLC Ventas Realty LP Berkshire Bank $1,059,753 $2,021,465170 Corey Rd., Brighton Welch-Bacon Realty LLC HCRI Massachusetts Properties Inc M&T Bank $2,500,000 $2,650,000RELIGIOUSADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE1518 Beacon St., Newton MA Webb Place LLC, Roman Catholic Archbishop Mansfield Cooperative Bank $875,000 $1,250,000of BostonEast Boston Savings Bank Trinity Green Investments LLC Roman Catholic Archbishop East Boston Savings Bank $1,000,000 $3,013,600of Boston471 Trapelo Rd., Belmont E&A Properties LLC First Congregational Church Northern Bank & Trust Co. $1,300,000 $975,000of Waverley103-111 Arch St., Boston 103 Arch Street LLC St. Anthony Residence Inc $2,200,000910 Commonwealth Ave., Brookline Trustees of Boston University United Christian Evangelistic $5,000,000Association Inc.continued

THE REAL REPORTER 2013 SUMMER REVIEWMISCELLANEOUSTAX-EXEMPTADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE100 Rockview St., Jamaica Plain 100 Rockview Street 100 LLC Jamaica Plain Trinity Latvian Needham Bank $800,000 $1,400,000Lutheran Church656 Massachusetts Ave., Boston 656 Mass Ave LLC Heading Home Inc Cambridge Savings Bank $807,500 $1,875,000711-713 East Fourth St., Boston Oshun Investments LLC Thomas J. Fitzgerald, Post 561, Leader Bank $315,000 $1,516,000Veterans of Foreign Affairs Inc.2110 Dorchester Ave., Boston HTA – Carney MOB LLC Steward Carney Hospital Inc $8,530,971280 Washington St.*, Brighton HTA- St. Elizabeth’s MOB 2 LLC Steward St. Elizabeth’s Realty Corp $8,596,87911 Nevins St.*, Brighton HTA – St. Elizabeths MOB 1 LLC Steward St. Elizabeth’s Realty Corp $15,719,378RESIDENTIALADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE1033 & 1039 Boylston St. and 192 Fairway Rd., Fairway Boylston Dorothy Edinburg Rockland Trust Co. $3,950,000 $2,775,000Brookline (Price allocation of $850,000 for1033 Boylston St., $1,500,000 for 1039Boylston St. and $1,600,000 for192 Fairway Rd.)EDUCATIONALADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE230 Highland Ave., Malden Mystic Valley Regional City of Malden $1,290,000Charter SchoolMISCELLANEOUSADDRESS BUYER SELLER LENDER/MORTGAGE PRICE MTG. VALUE392-396 Cambridge St., Allston 392 Cambridge Street LLC J.M.S. Jr., Inc $1,300,000Front Street, Worcester Citysquare II Development Co. LLC Worcester Renaissance LLC $1,425,0001156-1160 Walnut St., Newton Alexander A. Argiros Bank of America Brookline Bank $1,775,000 $1,597,500Firmin Avenue and Pleasant Street NREF III Pleasant LLC CRCP Pleasant Street LLC $5,500,000Connector, Framingham426 Washington St., Boston MP Franklin Burnham CO LLC 426 Washington Street Owner LLC $20,000,000426 Washington St., Boston MP Franklin Tower Co LLC 426 Washington Street Owner LLC $70,000,000INTERIOR PHOTOGRAPHY SERVICESNorth EndJune 2012COMMERCIAL + RESIDENTIAL PHOTOGRAPHYAERIAL PHOTOGRAPHY SERVICES617.435.9214 DEREKSZABO.COM

Stay Ahead. Don’t Miss AnotherIssue Of Greater Boston’s AwardWinning Real Estate NewsTHE REALReporter0420GREATER BOSTON’SREAL ESTATEINVESTMENTS REVIEW2012030646Also Inside: Over 1,500 Commercial Transactions By Productaddress | buyer | seller | lender | price | mortgage value READ IT ANYHWERE ONANY OF YOUR DEVICES !SUB-SCRIBENOW!YOU Can’t afford to miss another issue of Greater Boston’s on’s most respected,insightful, AWARD WINNING JOURNAL on Commercial Property + Capital News.To subscribe to The Real Reporter simply log in withyour existing account and click on the subscriptiontab; or if you have not already registered - click on thesubscription tab - register, then check out on line andstart reading all archived issues, breaking news andfuture reports. THESUMMER2013 INVESTMENT REVIEWNEAR + FARINVESTORS RIDEYIELD WAVE IN HUB’SWHITE HOT MARKETwww.therealreporter.comReporterTHE REAL03 04 BROAD ST 06BANKING08MULTIFAMILYMOTORSRETURN TOTHE BURBSCONQUESTON RATES617.692.2997AWARD WINNING TEAM / BREAKING NEWS / ANNUAL REPORTS / WEEKLY COMMERCIAL TRANSACTIONSARCHIVED EDITIONS / NEW CORPORATION RECORDS / $ MILLION SALES DATA / CORPORATE PROFILES