You are on page 1of 14

tevleH

etxe 37

Your Source for Commercial Real Estate News

The Real Reporter


THIS WEEK’S ISSUE
ofni DI etaroproc retropeR laER ehT

moc.retroperlaereht.www :etisbew
moc.retroperlaereht@kcabdeef :tcatnoc JULY 22, 2010

etatsE laeR laicremmoC rof ecruoS sweN ehT :enil gaT


Maric Inc. Reportedly on the Prowl
Retail Haven . . . . . . . . . . . . . . . . . . . 2
retroCondo
peRLine yl.k. e
. .e. W
...............3
To Buy Prime Waltham Office Asset
Ordway People . . . . . . . . . . . . . . . . . 9
Private Stock. . . . . . . . . . . . . . . . . . 11
Federal Assembly . . . . . . . . . . . . . . . 12 BY JOE CLEMENTS

W
ALTHAM—After faring admirably
harvesting assets in the final stages
of Greater Boston’s last real estate
investment boom, it appears local CRE firm
Maric Inc. is now angling to take advantage
of the sector’s subsequent bust by playing
the acquisition side. Sources indicate the
Needham-based firm is close to buying 400
Fifth Ave., a first-class office building hand-
ed back this spring to the asset’s lender by
THE REAL REPORT Normandy Real Estate Partners.
400 Fifth Ave., Waltham MA continued on page 4
A Really Higher Use
WILMINGTON—As a function facil-
ity that has thrived since the 1970s,
Hecht Harvests Haverhill CVS for $6.4M
BY JOE CLEMENTS
Casa Di Fior is among northern

H
AVERHILL—A two-year-old CVS
Boston’s most established commer- Pharmacy retail property in the
cial properties, a recognition heart of this Merrimack Valley com-
enhanced by its location abutting munity has new ownership after chang-
Interstate 93’s southbound flank. ing hands this week for $6.47 million,
Highway visibility is so superior that equating to a healthy $541 per sf and
128 West St. has long been lusted capitalization rate of 7.7 percent. The
after by local developers whose seller is Hecht Development of Concord.
dreams of an industrial park, shop- “It just shows that quality real estate
ping center or gleaming office build- properties in strong locations are still
ing on the five-acre parcel have continued on page 14 CVS Pharmacy, Haverhill MA
never materialized. In some
instances, the concepts were done
in by difficult economies similar to
the current environment that
Progenika Takes 9,000SF at River’s Edge
makes a re-use of the property BY JOE CLEMENTS

M
unlikely from a corporate perspec- EDFORD—TeleCom City is
tive. a fading memory, but 200
Fortunately for the family part- acres set aside for that ill-
nership that has owned Casa Di Fior fated business park straddling
for decades, there does appear to Everett, Malden and Medford will
be an exit strategy looming, one soon accommodate promising life
ostensibly being enabled by a dash sciences company Progenika in a
of divine intervention. According to 9,000-sf deal that seems to vali-
sources, Grace Chapel Church of date the tri-town revitalization
Lexington is on the verge of acquir- campaign launched more than a
ing the Wilmington facility to estab- decade ago in partnership with
continued on page 11 New York entity Preotle Lane.
River’s Edge, Medford MA continued on page 14
2 THE REAL REPORTER July 22, 2010

Agent Named to Lease 20,000 SF of Reading Retail


R
EADING—Oaktree Development of
Cambridge has selected MANSARD
Commercial Properties to market
20,000 sf of ground-level retail space being
planned for downtown Reading’s Haven
Street business district as part of a four-
story, mixed-use project. Located at the
site of the former Atlantic Food Market, a
grocery story with a long history of serving
its community, the property will be home
to 56 high-end apartments and stores
sporting blocks of 2,800 sf, 6,725 sf and
10,425 sf. Space will be sub-dividable to
2,500 sf, and asking rents are starting at
$23 per sf on a triple net basis. Project
delivery is slated for late 2011.
MANSARD Commercial will be targeting
restaurants, specialty foods retailers, and
boutiques to fill the new retail space,
according to the firm’s principal, Jeremy
Rendering of proposed Oaktree Haven Street Project, Reading MA
Cyrier. Among other attractions, he says in a
press release announcing the assignment, is “Thirty Haven St. offers a unique just yards away from the Oaktree site.
the project’s proximity to an 80-car munici- opportunity for retailers,” Cyrier says. “It’s Cyrier says the Reading market is under-
pal parking lot in the rear of the building and an environmentally friendly, downtown, served for restaurants and is “undersup-
the residents’ use of a 75-car parking struc- transit-oriented location with parking,” he plied” on fashion retailers and upscale
ture to be installed below grade. says, noting an MBTA commuter rail line continued on page 11

A Big Business Individual Offices


A wide variety of sizes and configurations of individual offices is available,
starting as low as $350/month.
Image at a Virtual Offices
Enjoy the benefits of a business presence in the prestigious TradeCenter 128
Small Price! landmark building, without full-time office costs.
Mailbox Program
TradeCenter Executive Suites offers Use the address of the Executive Suites as your business address. Mail is
ìready-to-work,î short or long- received at the suite and held for pick-up or forwarded to another location.
term, pre-furnished office, meeting, Telephone Answering
and conference space with many Premium phone services keep clients connected to their callers through
available services, and on-site screening, call forwarding, and call patching.
amenities, all without the need for
a long-term commitment!

781-933-3335 TradeCenterSuites.com
July 22, 2010 THE REAL REPORTER 3

Triglione, Everest Broker Sale


Of 17,285-SF Industrial Condo
Finally, A Stated and Long-Term
Program for Small Business
Owners and Investors.

Riverview Industrial Park, Middleton MA

M
IDDLETON—As exclusive listing agent, Anthony Triglione
of the Kane Co. announces the recent sale of Building B, a
17,285-sf, free-standing commercial condominium in the
Riverview Industrial Park. The unit was sold to an affiliate of Tool
Technology Inc. for $700,000, with the buyer expected to occu- More efficient and quicker to close.
py the property for its own operations. With the Equity One SBC, direct small-
Developed in 2009, Riverview Industrial Park is a multi-build-
balance loan, you can be confident
ing facility located just off Routes One and 114 near the juncture
of Interstate 95. Developed by Ralph DiGiorgio, Anthony Messina
that this is anything but your typical
and Mick Lafata, the park has just 12,000 sf commercial loan process. We recognized a
remaining for sale or lease from the originally void in the commercial lending arena with
permitted scope of 80,000 sf, relays Triglione. regard to the small investment properties,
“There was very limited availability of and designed a vertical program
inventory for this size and type property avail- to answer the needs of the market
able in the Danvers/Middleton area, and we segment. The result is the highest level
knew that the market would respond accord- of professionalism and service in small
ingly,” Triglione says in explaining his client’s balance lending.
Anthony Triglione decision to pursue construction of Riverview
Industrial Park despite an economy that began to crumble soon
after the developers committed to the site.
Historically low interest rates have been another boon to com-
mercial condominium acceptance in recent years, market watchers
indicate. The buyer, who was represented by Chris N. Everest of From the Experienced Commercial Lenders.
Norlund Associates on the sales negotiations, secured $950,000 in
financing from North Shore Bank for the asset at 3 Ajootian Way. Contact one of our loan professionals, or
In a press release issued this week announcing the sale of run your scenario on our website.
Building B, the developers list “an excellent location, versatile +1 508.337.1400
product with 24-foot ceilings and limited supply of industrial
properties for small- to mid-sized businesses” among the factors
generating interest for the space, on top of the dedicated market-
ing program.
EQUITY ONE

“In addition, an efficient design/build process and quality con- www.equityonesbc.com
struction really helped us in the sales process,” says Triglione.
Since the spaces are currently in shell condition, they can be cus- Equity One SBC is a full-service privately owned commercial finance company. All loans are
tomized to match the office and industrial requirements of the user, subject to credit approval, verifications, and collateral evaluation. Loans originated by Equity
DiGiorgio conveys. Features offered include sprinklers, electric One SBC. See program highlights for additional details. © Copyright 2010. All rights reserved
drive-in doors and warehouse lighting and electrical systems. n
4 THE REAL REPORTER July 22, 2010

Waltham Office from Maric Inc. principal


Mark Rubin were also
year office market sur-
vey suggests the Route
continued from page 1 unsuccessful by press 128 Central freefall may
“They are chasing it,” one source main- deadline. Nonetheless, be at an end. According
tains of Maric and the beleaguered six- several brokers spoken to JLL, that submarket
story, 115,000-sf property that Normandy to confirm hearing of has seen positive net
purchased in March 2006 for $13.4 million, Maric’s intentions, an absorption in excess of
secured by a loan of $16.6 million from assessment further bol- 375,000 sf through two
Wells Fargo Bank. The building was then stered by another source quarters in 2010, a
rebranded as Prospect Corporate Center. that details Maric’s plans healthy figure dropping
Despite an extensive upgrade, self- more clearly. One broker the overall vacancy rate
management and a spirited marketing pegs pricing in the range back to 15.3 percent.
campaign that did yield a bevy of tenants of $125 per sf, which Waltham “is on the
in recent months, the efforts were not would equate to about mend, no doubt,” relays
enough to keep Normandy engaged on a $14.3 million, although one broker who supports
property suffering in a sluggish market that estimate could not Maric’s pro-active
that became further overburdened by a be seconded. 400 Fifth Ave., Waltham MA approach.
surge of new Class A office construction It is also uncertain whether any signed The Needham firm certainly read the
concentrated in Waltham. As The Real agreement has been inked at this point, or tea leaves correctly in its last major trans-
Reporter was first to announce, the prop- how near the parties might be on a closing action locally, having reaped $82 million
erty was ultimately given back to an affili- date, but observers say the idea of buying for a portfolio of suburban office buildings
ate of Wells Fargo in May, an entity known into Boston’s core suburban office market that closed just as the door was shutting
as ATC Realty Sixteen Inc. could be a sensible move given the sub- on the investment sales boom that ran
According to sources, Eastdil Secured market’s long-range success as the leader unchecked from 2006 through early 2008.
has been marketing 400 Fifth Ave. on in rental rates and proven ability to attract Maric’s sale to Colony Realty Partners in
behalf of the lender. Calls to that firm’s top tenants. A flight-to-quality trend could May 2008 equated to about $205 per sf for
Capital Markets Group in Eastdil’s Boston be a further reason for buying in ahead of the 400,000-sf portfolio, a figure many
office were not returned by press dead- the rebound, some maintain. sellers would drool over in the current cli-
line, while efforts to secure a response Meanwhile, Jones Lang LaSalle’s mid- mate. n

Our Difference
Became Their Advantage.
COGITO MAPC
There’s a new face in the Workplace ASTARO
ROYCROFT DESIGN
INTRALINKS
E.P. LEVINE
s&LEXIBLETERMS MONTHS DUNE MEDICAL THE PLUM GROUP
s/FlCESAND4EAMROOMS PEOPLE MEISTERS CONSULTANTS LEMAITRE VASCULAR
sFULLY LOADED#LASS!LOCATIONSNATIONALLY
s5PTOLESSEXPENSIVETHANTRADITIONALLEASING An experienced Tenant Representative can help you navigate a changing
10% REFERRAL COMMISSION market, to help you maximize savings and reduce occupancy cost.
Laurie Snelson, Managing Director
laurie.snelson@carrworkplaces.com
617.692.2900 carrworkplaces.com www.thestevensgrp.com | 617-866-9300
July 22, 2010 THE REAL REPORTER 5

Commercial Deals
MILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

J U LY 1 9 T H
MORTGAGE: $6,300,000 from Cambridge
Savings Bank
ADDRESS: 56 River St., Haverhill; 1710 Centre
St., Lot 12, Boston; 643-645 Princeton Blvd.,
Lowell; 38 Maple Ave., Shrewsbury; 2 Blackstone
River Rd., and 121 June St., Worcester (partial list)
BORROWER: Linear Retail WH#2 LLC

MORTGAGE: $4,800,000 from Wells Fargo


Bank NA
ADDRESS: 160 East Central St., Lot 2, Franklin
BORROWER: MLG Holding 160 East Central
Street LLC

J U LY 1 6 T H

Photo: Derek Szabo


BUYER: Winchester Hospital Inc.
SELLER: Winchester Associates LLC
PRICE/ADDRESS: $3,800,000; 1021 Main
St., Winchester
NOTES: Two-story office property, constructed BUYER: Mac’s Convenience Stores
1967; building size is 26,675 sf, lot size is 1.8 SELLER: B&D Petroleum Sales Inc. J U LY 1 3 T H
acres; last sold for $28,750 in June 1974 PRICE/ADDRESS: $1,600,000; 1112 Bay St.,
Springfield MORTGAGE: $4,500,000 from Eastern
BUYER: Thompson Estates LLC NOTES: Service station and retail market; last Bank
SELLER: Thompson Manor LLC sold for $275,000 in June 1986 ADDRESS: 351 Willow St., Andover and North
PRICE/ADDRESS: $2,950,000; 14 Thompson Andover
MORTGAGE: $1,500,000 from Avidia Bank BORROWER: Mary-Laura Greely and Robert
Dr., Lot 1, Randolph
ADDRESS: 639 and 649 Massachusetts Ave., M. Ogan, trustees of Muffing Realty TR
MORTGAGE: $2,693,500* from Arbor
Boxborough
Commercial Funding
BORROWER: Dmitry Bykhovsky, trustee of BUYER: Empire Management Corp.
NOTES: Garden-style apartment property, con-
D.V. Bykhovsky Trust No. 1 SELLER: Navistar Inc.
structed 1981; living space is 25,050 sf, lot
size is 1.2 acres; Thompson Manor managed MORTGAGE: $1,269,890 from Stoneham PRICE/ADDRESS: $3,850,000; 340 Mystic
by Robert L. Avery; Thompson Estates LLC Savings Bank Ave., Lots C, D and E, Medford
managed by Matthew W. Newman; *mortgage ADDRESS: 73 Summer St., Somerville MORTGAGE: $3,224,000 from
originated in Dec. 2008 assumed from seller BORROWER: First Summer 73 LLC Manufacturers and Traders Trust Co.
NOTES: Single-story commercial property;
BUYER: 131-145 Massachusetts Avenue LLC J U LY 1 5 T H building size is 25,525 sf, lot size is 2.5 acres;
SELLER: Milford South Main LLC last sold for $2,500,0000 in Jan. 1990
PRICE/ADDRESS: $2,900,000; 146 South MORTGAGE: $1,529,591 from Salem Five
Main St., Milford Cents Savings Bank BUYER: Tech Park I and II LP
MORTGAGE: $1,450,000 from Patriot ADDRESS: 147 Summit St., U-3A, U-3G, U-7 SELLER: New Boston/Meridian LLC
Community Bank and U-13, Peabody PRICE/ADDRESS: $2,550,000; 1000-1200
NOTES: Single-story retail property, construct- BORROWER: Peter M. Coco, trustee of Tracy Technology Park Dr., Billerica
ed 1970; building size is 37,375 sf, lot size is South Realty TR NOTES: Two-story flex/office property; building
5.1 acres; buyer managed by Daniel P. Busa Jr. size is 139,175 sf, lot size is 10 acres; last sold
and William A. Busa MORTGAGE: $1,500,000 from Eastern Bank for $6,299,104 in March 2004; assessed value
ADDRESS: 55 West Cedar St., Units 1, 3, 4 of $11.9 million; buyer c/o the Gutierrez Cos;
MORTGAGE: $1,800,000 from Federal and 5, Boston seller c/o New Boston Fund IV
Savings Bank BORROWER: Christopher J. Bunker, trustee of
ADDRESS: 40R Merrimac St., Newburyport 55 West Cedar Realty TR BUYER: Kambos LLC
BORROWER: Brown’s Wharf LLC SELLER: Java Acquisition Company 0221 LLC
J U LY 1 4 T H PRICE/ADDRESS: $1,800,000; 120-124
MORTGAGE: $1,800,000 from Rockland Newbury St., Peabody
Trust Co. MORTGAGE: $1,090,000 from Pentucket Bank NOTES: Vacant parcel; lot size is 1.3 acres;
ADDRESS: 237 and 239 Beacon St., Boston ADDRESS: 890-940 North Broadway, Haverhill last sold for $3,050,000 in Aug. 2006; buyer
BORROWER: R. Mariana Cunningham and BORROWER: Michael J. Maroney, trustee of managed by Constantine G. Scrivanos
Shane A. Cunningham, trustees of RMS Realty TR Premiere Realty TR
6 THE REAL REPORTER July 22, 2010

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

J U LY 1 9 T H
BUYER: Ellen B. Kaplan, trustee of Tashmoo
Realty TR
SELLER: Stanley B. Kane, trustee of Stanley B.
Kane Nominee TR
PRICE/ADDRESS: $5,000,000; 31 Lamberts
Cove Rd., Tisbury
NOTES: Single-family Antique, built 1790; house size
is 5,725 sf, lot size is 2.6 acres; eight bedrooms and
six baths; last sold for $1,800,000 in Sept. 1998

BUYER: Lisa R. Livstone and Mitchell M. Livstone


SELLER: Anne H. McDonough and Joseph E.
McDonough
PRICE/ADDRESS: $2,287,000; 39 Rangeley
Rd., Brookline
MORTGAGE: $1,500,000 from NewAlliance Bank
NOTES: Single-family Colonial, built 2004; house
size is 4,550 sf, lot size is 17,275 sf; four bedrooms
and 5.5 baths; last sold for $2,500,000 in Dec. 2004

MORTGAGE: $1,740,000 from Sovereign Bank


ADDRESS: 34? Beacon St., U-6, Boston Helping to heat up the summer selling season, a pair of seven-figure residential trades have closed on
BORROWER: Shelly L. McPhee O’Neill and Briarwood Lane in Winchester during the past week. In the larger transaction, 8 Briarwood Ln. (top
Thomas P. O’Neill III photo) was acquired for $1,425,000 by Michelle A. Barton, Dorothy Leonard, Michael S. Restivo and
Walter C. Swap. The deal was financed by loans of $200,000 from Dorothy Andre Leonard and $417,000
BUYER: Hans Klingemann and Sandra Lee from NE Moves Mortgage.
SELLER: WREC Columbus Ave LLC Constructed in 1999, 8 Briarwood Ln. is a single-family Colonial featuring 4,300 sf with four bed-
PRICE/ADDRESS: $1,610,000; 301-319 rooms and 2.5 baths. The property was purchased from Gary R. Santini and Suzanne N. Santini, owners
Columbus Ave., U-804, Boston of the 13,075-sf parcel since June 1965.
MORTGAGE: $1,127,000 from Allied Separately, Christianne Baruqui and Andrey J. Zarur purchased 6 Briarwood Ln. (bottom photo) for
Mortgage Corp. $1,300,000. Wells Fargo Bank backed that deal with a mortgage of $1,040,000. The 12-year-old
NOTES: Residential unit in mid-rise Bryant Colonial was procured from Janet M. Hall and Patrick C. Hall, owners since their $1,330,000 acquisition
Back Bay Condominium; unit size is 1,900 sf; in Nov. 2002. It features 3,650 sf of space, and also has four bedrooms and 2.5 baths.
three bedrooms and three baths

MORTGAGE: $1,575,000 from Boston


Private Bank & Trust Co.
ADDRESS: 2 Avery St., U-S-18C, Boston
BORROWER: Demetra Taleghani and Reza Taleghani

BUYER: David A. Isenberg and Sarah A.O. Isenberg


SELLER: Julie A. Cunningham and Timothy M.
Cunningham
PRICE/ADDRESS: $1,350,000; 3 Adams St.,
Belmont
MORTGAGE: $850,000 from Sovereign Bank
NOTES: Single-family English Tudor, built
1929; house size is 3,150 sf, lot size is 11,075
sf; four bedrooms and 3.5 baths; last sold for
$525,000 in May 1996

BUYER: Farrah J. Lester and Jonathan T. Lester


SELLER: Julie S. Amrhein-Eckstein and Robert
B. Eckstein
PRICE/ADDRESS: $1,350,000; 7 Bernard St.,
Newton
continued on page 7
July 22, 2010 THE REAL REPORTER 7

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

continued from page 6


MORTGAGE: $800,000 from UBS AG
NOTES: Single-family Colonial, built 2001;
house size is 3,300 sf, lot size is 23,050 sf;
four bedrooms and 4.5 baths; property last
sold for $429,000 in Oct. 2000

BUYER: Tomasz Chrzan


SELLER: Lori A. Klimach and Ralph F. Klimach
PRICE/ADDRESS: $1,090,000; 34 East
Greenwich Rd., Lot 3, Longmeadow
NOTES: Single-family brick Colonial, built
1930; house size is 6,100 sf, lot size is 22,650
sf; five bedrooms and 4.5 baths; last sold for
$1,485,000 in Jan. 2005

MORTGAGE: $1,087,000 from Astoria


Federal Mortgage Corp.
ADDRESS: 64 Spruce Hill Rd., Lot 21, Weston
BORROWER: David B. Friend and Susan
Ruskin Friend

BUYER: Reuven Levi and Susan Goodrich Levi


SELLER: Said Ziouani
PRICE/ADDRESS: $1,050,000; 20 Marshal An elaborate townhouse condominium at 60-62 Withington Rd. in Newton has sold for $1,055,000.
St., Unit 20-4, Brookline New owners Karen Keitner and Noah C. Rumpf secured the purchase from Robert S. Poston Jr. and Susan
MORTGAGE: $700,000 from NE Moves M. Poston backed by an $844,000 loan from Fairway Independent Mortgage Corp. Unit 62, which last
Mortgage traded for $1,050,000 in May 2008, has 3,650 sf of space that includes four bedrooms and 3.5 baths.
NOTES: Residential unit in low-rise condomini- The extensively manicured lot of nearly one-third of an acre is located in the city’s Newtonville section.
um; unit size is 2,275 sf; three bedrooms and
2.5 baths; last sold for $940,000 in March 2006
NOTES: Single-family Victorian, built 1873; BUYER: Pamela Kogut and Gerard Michael
MORTGAGE: $1,000,000 from Salem Five house size is 3,275 sf, lot size is 6,225 sf; five SELLER: Stateside Realty Group LLC
Mortgage Co. bedrooms and 2.5 baths; last sold for PRICE/ADDRESS: $1,475,000; 18 Gibson St.,
ADDRESS: 159 Newton St., Weston $2,050,000 in July 2005; Declaration of Cambridge
BORROWER: Michael W. Anderson and Susan Homestead NOTES: Single-family Colonial, built 1894,
M. Anderson renovated 2010; house size is 2,100 sf, lot size
BUYER: Anahid Mardiros and Aurelian is 2,500 sf; four bedrooms, two baths and two
J U LY 1 6 T H Mardiros half-baths; last sold for $802,500 in Dec. 2009
SELLER: Lenore E. Gordon
MORTGAGE: $3,300,000 from Danversbank PRICE/ADDRESS: $1,550,000; 1 Ashley Ct., MORTGAGE: $1,400,000 from Hingham
ADDRESS: 485 Washington St., Unit 3, Brookline Lot 7, Lynnfield Institution for Savings
BORROWER: N.A.J.R. Realty LLC NOTES: Single-family Colonial, built 2005; ADDRESS: 56 Sargent Crossway, Brookline
house size is 8,175 sf, lot size is one acre; four BORROWER: 56 Sargent Crossway LLC
BUYER: Hsiaoping Hua and Hikaru Sato bedrooms and 4.5 baths; property last sold for
SELLER: 1618 Partners LLC $1,450,000 in May 2004 BUYER: Theresa A. Nibi, trustee of Croftdale
PRICE/ADDRESS: $2,350,000; 95 Beacon St., Road Nominee TR
U-12, Boston BUYER: Stephen A. Gorman and Tamara T. SELLER: Donna M. Svrluga and Richard C. Svrluga
MORTGAGE: $1,500,000 from BNY Mellon NA Gorman PRICE/ADDRESS: $1,399,000; 16 Croftdale
NOTES: Unit in low-rise residential condominium SELLER: John J. Scaramuzzo Jr. and Yolanda Rd., Newton
building; unit size is 2,475 sf; three bedrooms Scaramuzzo MORTGAGE: $1,399,000 from BNY Mellon
and 2.5 baths; unit last sold for $1,100,000 in PRICE/ADDRESS: $1,500,000; 8 Sylvan Way, NOTES: Single-family, house size is 2,100 sf,
Jan. 1997; Declaration of Homestead Hopkinton lot size is 25,250 sf; three bedrooms and 3.5
MORTGAGE: $227,000 from South Shore baths; last sold for $474,000 in Aug. 1991
BUYER: Yvonne P. Hao and Mark Wu Savings Bank and $523,750 from US Bank
SELLER: Daryl J. Levinson and Wendy Silbert NOTES: Single-family Colonial, built 2003; BUYER: Lawrence M. Glazer and Suzanne J. Glazer
Levinson house size is 4,775 sf, lot size is 55,025 sf; five SELLER: Reva M. Devore, trustee of Devore
PRICE/ADDRESS: $2,092,000; 11 Sheppard bedrooms, three baths and two half-baths; last Realty TR
St., Cambridge sold for $1,720,000 in May 2007 continued on page 8
8 THE REAL REPORTER July 22, 2010

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

continued from page 7


PRICE/ADDRESS: $1,300,000; 84 Mandalay
Rd., Newton
MORTGAGE: $901,000 from Bank of America
NOTES: Single-family, built 1925; house size is
4,125 sf, lot size is 7,950 sf; four bedrooms
and 2.5 baths; last sold for $95,000 in April
1977; Declaration of Homestead

BUYER: Christianne Baruqui and Andrey J. Zarur


SELLER: Janet M. Hall and Patrick C. Hall
PRICE/ADDRESS: $1,300,000; 6 Briarwood
Ln., Winchester
MORTGAGE: $1,040,000 from Wells Fargo Bank
NOTES: Single-family Colonial, built 1998;
house size is 3,650 sf, lot size is 9,000 sf; four
bedrooms and 2.5 baths; last sold for
$1,330,000 in Nov. 2002

BUYER: Dallan Murray and Madhuri Reddy


SELLER: Slicklen Builders
PRICE/ADDRESS: $1,260,000; 13 Wyoming
Ave., Lot 4, Needham
MORTGAGE: $860,000 from Needham Bank
NOTES: Single-family Colonial, built 2010; house A venerable English Tudor in Belmont that dates to 1929 has sold for $1,350,000, more than double the
size is 4,300 sf, lot size is 6,975 sf; five bedrooms $525,000 that 3 Adams St. fetched in its last trade, a sale in May 1996 to Julie A. Cunningham and
and 3.5 baths; property last sold for $475,000 in Timothy M. Cunningham. New owners David A. Isenberg and Sarah A.O. Isenberg acquired the 3,150-
Sept. 2009; Declaration of Homestead sf, four-bedroom home backed by $850,000 in financing from Sovereign Bank.
BUYER: Joubin Hassanein and Naz Hassanein BUYER: Katherine N. Lapp BUYER: Jennifer M. Bradbury and Robert F. Bradbury
SELLER: Jeffrey B. Abramson and Jacqueline Jones SELLER: David Goldbaum SELLER: Jeffrey M. Page
PRICE/ADDRESS: $1,215,000; 16 Midland PRICE/ADDRESS: $1,149,000; 4-5 Shady Hill PRICE/ADDRESS: $1,000,000; 34 Paul
Rd., Wellesley Sq., U-5, Cambridge Revere Rd., Needham
MORTGAGE: $387,500 and $523,750 from MORTGAGE: $869,250 from Cambridge Trust Co. MORTGAGE: $800,000 from Gateway
Wells Fargo Bank NA NOTES: Property last sold for $1,375,000 in Funding Diversified Mortgage Services
NOTES: Single-family Colonial, built 1926; house Dec. 2007; Declaration of Homestead NOTES: Single-family Colonial, built 2005;
size is 2,625 sf, lot size is 15,000 sf; four bedrooms house size is 3,650 sf, lot size is 17,425 sf;
and 3.5 baths; last sold for $799,300 in June 2002 MORTGAGE: $1,148,000 from Mortgage Master four bedrooms and 2.5 baths; property last
ADDRESS: 21 Hawthorn Rd., Brookline sold for $600,000 in Jan. 2005
BUYER: Susan W. Whitman BORROWER: Maureen Coffey and Frederick
SELLER: Carl L. Nicholson and Emily D. Nicholson A.O. Schwarz J U LY 1 5 T H
PRICE/ADDRESS: $1,159,000; 3 Wildon Rd.,
Lot 23, Wellesley MORTGAGE: $1,100,000 from BNY Mellon NA MORTGAGE: $2.500,000 from The Savings Bank
NOTES: Single-family Colonial, built 1940; house ADDRESS: 465 Warren St., Lot A, Brookline ADDRESS: 560 Lebanon St., Melrose
size is 3,075 sf, lot size is 12,000 sf; five bed- BORROWER: Rachel S. Formela BORROWER: Crystal Lake LLC
rooms and three baths; last sold for $950,000 in
Dec. 2004; Declaration of Homestead BUYER: Andrea M. Castelli BUYER: 29 Loveland Road LLC
SELLER: Diane K. Jensen and Paul M. Konnersman SELLER: Mark D. Coppola, trustee of World
BUYER: Arturo D. Falck and Julia Freedson PRICE/ADDRESS: $1,050,000; 272 Ocean 116 Nominee TR
SELLER: Chris P. Leonard and Melanie L. Marcus Ave., Marblehead PRICE/ADDRESS: $2,050,000; 29 Loveland
PRICE/ADDRESS: $1,150,000; 60-62 Powell NOTES: Single-family; house size is 2.950 sf, Rd., Brookline
St., Unit 1, Brookline lot size is 10,000 sf; three bedrooms and 3.5 MORTGAGE: $1,640,000 from Needham Bank
MORTGAGE: $920,000 from Monument baths; seller’s ownership dates to April 1977 NOTES: Single-family, built 1885; house size is
Mortgage Co. 2,600 sf, lot size is 21,150 sf; four bedrooms
NOTES: Residential unit in converted house, built MORTGAGE: $1,000,000 from RBS Citizens Bank and two baths; see related sale below, same
1895; unit size is 3,100 sf, lot size is 14,350 sf; ADDRESS: 31 Smith’s Point Rd., Manchester- date; Vincent J. Gately, manager of 29
three bedrooms and 2.5 baths; unit last sold for by-the-Sea Loveland Road LLC
$855,000 in Aug. 2000; Declaration of Homestead BORROWER: Ellen H. Cross and William R. Cross continued on page 9
July 22, 2010 THE REAL REPORTER 9

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

continued from page 8 BUYER: Michelle A. Barton, Dorothy Leonard, BUYER: Armanda S. Carman and Gregg R. Carman
BUYER: Anthony H. Leness and Katharine B. Leness Michael S. Restivo and Walter C. Swap SELLER: Sarah Bellan and Rosario Ferrante,
SELLER: Lisa R. Rofsky and Neil M. Rofsky SELLER: Gary R. Santini and Suzanne N. Santini trustees of Ten Acres Realty TR
PRICE/ADDRESS: $2,044,000; 129 Dean Rd., PRICE/ADDRESS: $1,425,000; 8 Briarwood PRICE/ADDRESS: $1,061,000; 30 Wildwood
Brookline Ln., Winchester Dr., Bedford
MORTGAGE: $1,094,000 from Boston MORTGAGE: $200,000 from Dorothy Andre MORTGAGE: $848,000 from Greenpark
Private Bank & Trust Co. Leonard and $417,000 from NE Moves Mortgage Mortgage Corp.
NOTES: Single-family Victorian, built 1910; house NOTES: Single-family Colonial, built 1999; house
size is 5,375 sf, lot size is 11,250 sf; seven bed- size is 4,300 sf, lot size is 13,075 sf; four bed- BUYER: Karen Keitner and Noah C. Rumpf
rooms and 4.5 baths; last sold for $1,445,000 in rooms and 2.5 baths; seller’s ownership in proper- SELLER: Robert S. Poston Jr. and Susan M. Poston
June 2003; Declaration of Homestead ty dates to June 1965; Declaration of Homestead PRICE/ADDRESS: $1,055,000; 60-62
Withington Rd., U-62, Newton
BUYER: Julie G. Mulvey BUYER: Graham R. Seed and Nina C. Seed MORTGAGE: $844,000 from Fairway
SELLER: Paul McMahon SELLER: John B. Manning and Jodi M. Petrucelli Independent Mortgage Corp.
PRICE/ADDRESS: $1,700,000; 10 Currier PRICE/ADDRESS: $1,230,000; 32 High Rock NOTES: Residential condo in two-unit Colonial
Farm Rd., Westwood Ln., Lot 1, Westwood townhouse; unit size is 3,650 sf, lot size is
NOTES: Single-family Colonial, built 2002; house size MORTGAGE: $861,000 from HSBC 11,050 sf; four bedrooms and 3.5 baths; last
is 5,775 sf, lot size is one acre; five bedrooms, five Mortgage Corp. USA sold for $1,050,000 in May 2008
baths and two half-baths; Declaration of Homestead NOTES: Single-family Colonial, built 2001; house
size is 3,575 sf, lot size is one acre; five bed- MORTGAGE: $1,000,000 from Colonial
BUYER: Kevin R. Gill Jr. rooms and 4.5 baths; last sold for $1,050,000 in Federal Savings Bank
SELLER: John T. Hodgkins and Victoria G. Hodgkins Aug. 2001; Declaration of Homestead ADDRESS: 100 Bradlee Rd., Lot 5A, Milton
PRICE/ADDRESS: $1,576,000; 16 Follen St., Boston BORROWER: Daniel D. Do-Dai and Tammy T.
MORTGAGE: $1,435,000 from Kevin Gill and MORTGAGE: $1,216,000 from Cambridge Do-Dai
Rita Gill Mortgage Group
NOTES: Two-family brick Row house; living space ADDRESS: 263 Forest Ave., Cohasset J U LY 1 4 T H
is 3,000 sf, lot size is 1,575 sf; last sold for BORROWER: Sarah E. Morton
$900,000 in Aug. 1998; Declaration of Homestead BUYER: Glenn Ordway and Sarah Ordway
SELLER: Kristyn B. Stevens and Michael T. Stevens
BUYER: Colette Stanzler and Daniel M. Stanzler BUYER: Francis J. Decoste and Susan D. PRICE/ADDRESS: $2,875,000; 6 Deep Run,
SELLER: Catherine Webster Decoste, trustees of Ten Highland Realty TR Lot 10, Cohasset
PRICE/ADDRESS: $1,575,000; 88 Park Ln., Concord SELLER: Nantue Inc. MORTGAGE: $2,300,000 from Rockland
MORTGAGE: $1.250,000 from Leader Bank PRICE/ADDRESS: $1,200,000; 10 Highland Trust Co.
NOTES: Single-family Colonial, built 1958; Ave., Lot 5, Nantucket NOTES: Single-family Cape; four bedrooms and 3.5
house size is 3,825 sf, lot size is two acres; NOTES: Vacant land; lot size is 5,000 sf; last baths; property last sold for $1,250,000 in Oct. 2004
last sold for $1,950,000 in June 2002 sold for $1,096,250 in April 2008
MORTGAGE: $2,550,000 from American
BUYER: Mark D. Coppola, trustee of World BUYER: Laurence Perkins and Nancy Perkins Internet Mortgage
116 Nominee TR SELLER: Kathleen A. Boylan, by power of ADDRESS: 71 Gates St., Lot 3, Framingham
SELLER: Patrick M. Symon, Executor of the attorney under Jeanne-Marie Boylan BORROWER: Cindi A. Muller and Dain A. Muller
Estate of Charles Symon Jr. trustee of the PRICE/ADDRESS: $1,175,000; 29 Southfield
Charles Symon Jr. Revocable TR and Eleanor A. Ct., Lot 11, Needham MORTGAGE: $2,203,800 from Provident Fund
Symon Revocable TR and Sheila A. Symon, NOTES: Single-family Tudor, built 1997; house ADDRESS: 41 O’Grady Rd., Marlborough
trustee of Symon Realty TR size is 4,750 sf, lot size is 22,000 sf; four bed- BORROWER: Jeffrey P. Jause and Juli A. Jause
PRICE/ADDRESS: $1,500,000; 29 Loveland rooms and 3.5 baths; property last sold for
Rd., Brookline $345,000 in Feb. 1997 MORTGAGE: $2,160,000 from Needham Bank
NOTES: Single-family, built 1885; house size is ADDRESS: 51 Westgate Rd., Lot 34, Wellesley
2,600 sf, lot size is 21,150 sf; four bedrooms BUYER: 146 Naples Road LLC BORROWER: J.J. Stewart Enterprises LLC
and two baths; seller’s family ownership dates SELLER: Daryl Burbank-Schmitt and Priscilla
to Aug. 1974; see related sale above, same date Burbank-Schmitt BUYER: Jason D. Hirsch and Jillian B. Hirsch
PRICE/ADDRESS: $1,140,000; 146-148 SELLER: Barbara B. Clemson
BUYER: Margaret Crawford and Robert Crawford Naples Rd., Brookline PRICE/ADDRESS: $2,033,577; 2 Baldwin Cir.,
SELLER: John F. Duff and Raeann V. Duff MORTGAGE: $1,575,000 from Wellesley Bank Weston
PRICE/ADDRESS: $1,475,000; 47 Black Oak NOTES: Single-family Colonial, built 1900; house MORTGAGE: $1,500,000 from MetLife
Rd., Weston size is 3,650 sf, lot size is 8,525 sf; seven bedrooms Home Loans
MORTGAGE: $1,180,000 from Salem Five and three baths; last sold for $245,000 in April 1985 NOTES: Single-family Colonial; house size is
Mortgage Co. 4,800 sf, lot is 1.3 acres; five bedrooms and
NOTES: Single-family Colonial, built 1964; house MORTGAGE: $1,067,500 from Mortgage Master four baths; last sold for $180,000 in Aug.
size is 3,550 sf, lot size is 1.7 acres; five bedrooms ADDRESS: 10 Graystone Ln., Weston 1976; Declaration of Homestead
and 3.5 baths; last sold for $865,000 in Nov. 1987 BORROWER: Louis H. Cohen and Rebecca S. Cohen continued on page 10
10 THE REAL REPORTER July 22, 2010

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 13 - JULY 19, 2010

continued from page 9 PRICE/ADDRESS: $1,070,000; 39 Earl St., BUYER: Ellen A. Weinberg and Hadley A. Weinberg
BUYER: Dwight H. Van Inwegen and Sheila Lexington SELLER: Jay S. Kim
Van Inwegen MORTGAGE: $670,000 from Wainwright Bank PRICE/ADDRESS: $1,305,000; 330 Waverly Ave.,
SELLER: Tesla Equities LLC & Trust Co. Newton
PRICE/ADDRESS: $1,750,000; 78 Hanover NOTES: Single-family Colonial, built 2008; house MORTGAGE: $417,000 from Mortgage Master
Rd., Carlisle size is 4,025 sf, lot size is 5,000 sf; five bedrooms NOTES: Single-family Colonial, built 1917; house
MORTGAGE: $1,175,000 from Wells Fargo and 3.5 baths; property last sold for $330,000 in size is 3,975 sf, lot size is 17,250 sf; three bedrooms
Bank Oct. 2007; Declaration of Homestead and 3.5 baths; property inherited by seller in Feb.
NOTES: Single-family Colonial, built 2009; 2006; Declaration of Homestead
house size is 5,725 sf, lot size is two acres; five BUYER: Ramesh R. Ramachandran and Shalu
bedrooms and 5.5 baths; property last sold for Ramachandran BUYER: Lisa A. Taranto and Thomas R. Taranto Jr.
$450,000 in Aug. 2009 SELLER: David P. Hennessey and Jacqueline M. SELLER: Fatemeh Tingley and Robert D. Tingley Jr.
Hennessey PRICE/ADDRESS: $1,245,000; 14 Cutler Rd., Lot
BUYER: Kyla de Asla and Richard de Asla PRICE/ADDRESS: $1,020,000; 53 Amberwood 263, Lexington
SELLER: Classic CGP Inc. Dr., Winchester MORTGAGE: $995,000 from Leader Mortgage
PRICE/ADDRESS: $1,485,000; 131 Lincoln MORTGAGE: $399,000 and $417,000 from RBS NOTES: Single-family Colonial, built 2009; house
Rd., Wayland Citizens size is 4,025 sf, lot size is 13,075 sf; four bedrooms
MORTGAGE: $1,500,000 from Steven P. NOTES: Single-family Colonial, built 1984; house and 3.5 baths; property last sold for $549,000 in
Akin, trustee of Steven P. Akin Revocable size is 4,500 sf, lot size is 21,225 sf; five bedrooms Sept. 2007
TR and 3.5 baths; last sold for $579,000 in Dec. 1997
NOTES: Single-family, built 2010; house size is BUYER: Arash Tabaee
4,150 sf, lot size is 1.2 acres; five bedrooms MORTGAGE: $1,000,000 from BNY Mellon SELLER: Linda J. Crowne and Stephen G. Crowne
and four baths; property last sold for $510,000 ADDRESS: 8 Wauwompauque Trail, Chilmark PRICE/ADDRESS: $1,200,000; 10 Johnson Farm
in Oct. 2009 BORROWER: Burton B. Goldstein Jr. and Kathleen Rd., Lexington
G. Goldstein MORTGAGE: $276,250 and $523,750 from
BUYER: James Rech and Susanne C. Rech Wells Fargo Bank
SELLER: Michael Anthony J U LY 1 3 T H NOTES: Single-family Colonial, built 1998; house
PRICE/ADDRESS: $1,330,000; 3 Ladyslipper size is 3,400 sf, lot size is 31,250 sf; four bedrooms
Ln., North Reading MORTGAGE: $4,482,575.75 from Middlesex and 2.5 baths; last sold for $859,000 in June 1998;
NOTES: Single-family Tudor, built 2004; house Savings Bank Declaration of Homestead
size is 5,825 sf, lot size is 4.5 acres; four bed- ADDRESS: 7 Wingate Ln., Acton
rooms and 3.5 baths; last sold for $1,350,000 BORROWER: Richard W. Berry BUYER: Judith M. McGinnis
in March 2005 SELLER: Stephen Dick, trustee of 71 Suffolk Road
MORTGAGE: $1,940,000 from Needham Bank Realty TR
BUYER: Joshua M. Leader ADDRESS: 15 Cornell Rd., Lot 33, Wellesley PRICE/ADDRESS: $1,105,000; 71 Suffolk Rd., Lot
SELLER: Susan K. Gold BORROWER: 15 Cornell Road LLC 299, Wellesley
PRICE/ADDRESS: $1,090,000; 115 Annawan NOTES: Single-family Cape, built 1956; house size
Rd., Newton MORTGAGE: $1,712,000 from Needham Bank is 2,750 sf, lot size is 21,475 sf; four bedrooms and
MORTGAGE: $400,000 from Northmark Bank ADDRESS: 190 Edgewater Dr., Lot 17A, Needham three baths; last sold for $750,000 in Dec. 1999
NOTES: Single-family Colonial, built 1950; BORROWER: David M. Nectow
house size is 2,950 sf, lot size is 14,200 sf; five BUYER: Molly P. Aitken and Thomas M. Aitken
bedrooms and 3.5 baths; last sold for BUYER: Mark A. Marinella and Tisha Marinella SELLER: Lawrence W. Huffman, Executor of the
$345,000 in Oct. 1986; Declaration of SELLER: Timothy A. Barrows and Margaret A. Will of Regina Lagakos
Homestead Flanagan PRICE/ADDRESS: $1,075,000; 10 Bradford Rd.,
PRICE/ADDRESS: $1,555,000; 18 Wedgemere Wellesley
BUYER: Can C. Ozbal and Teresa L. Wright Ave., Winchester MORTGAGE: $610,000 from Wellesley Bank
SELLER: Robert S. Burge MORTGAGE: $1,000,000 from ING Bank NOTES: Single-family Colonial, built 1929; house
NOTES: Single-family Colonial, built 1900; house size is 3,250 sf, lot size is 15,775 sf; four bed-
size is 3,525 sf, lot size is 15,000 sf; five bedrooms rooms and 3.5 baths; buyers separately sold 15
The Real Reporter and 3.5 baths; last sold for $530,000 in Aug.
1990
Howe St. in Wellesley on same date; 10 Bradford
Rd. purchased by Regina Lagakos and Stephen W.
VOLUME 2, NUMBER 23 Lagakos for $105,000 in March 1978; Declaration
© 2010 The Real Reporter, Ten Post Office MORTGAGE: $1,330,000 from of Homestead
Square, Boston MA 02109, 617-692-2997. Sovereign Bank
All rights reserved. No part of this publica- ADDRESS: 190 Winding River Rd., Lot 25, MORTGAGE: $1,048,000 from Needham
tion may be reproduced without the written Wellesley Bank
consent of the publisher. The Real Reporter is BORROWER: S. Christine Kovacs, f/k/a Susan C. ADDRESS: 58 Pinewood Rd., Lot D, Needham
a trademark of Launch Pad Boston. Ernst, trustee of CSK Realty TR BORROWER: Karen M. Fondo and Michael C.
Fondo
July 22, 2010 THE REAL REPORTER 11

The Real Report


continued from page 1
lish a satellite worship center as a way of
accommodating the burgeoning parish.
A price tag of $3.5 million is rumored to
be enticing the owners of Casa Di Fior to
accept the bid. “That’s a big number,”
maintains one broker whose own experi-
ence has come across potential propos-
als for the property. The veteran profes-
sional opines “it will be hard” for the
Fiorenza clan that the property is named
for to eschew the latest proposal, one
said to have come as a result of a direct
entreaty from the suitors.
Just how far along any talks might be
right now is unclear, although one source
is of the mindset that a transfer is in the
offing. “Really close,” the source says of
an outcome. Broker James Stubblebine
of the Stubblebine Co. is said to be 25 Mathewson Dr., Weymouth MA
orchestrating the trade, although calls to
his office in Lexington and to church
leaders were not returned by press dead-
Office Offering apparently has little interest in holding
the building for any length of time.
line. One observer familiar with Grace WEYMOUTH—Should Grace Chapel fal- According to sources, CB Richard
Chapel terms the congregation “savvy” ter in its bid to acquire Casa Di Fior, or Ellis/New England has been hired to
when it comes to business affairs, includ- maybe if there are a few extra coins left market the two-story, 13,000-sf building
ing the ownership of other real estate rattling in the collection plate, the congre- that last traded for $1.25 million in July
near its Lexington operations. Indeed, gation might consider picking up another 2007.
one broker says other land around Casa property just now coming on the market, CBRE/NE’s Private Client Group is
Di Fior is also on the church’s radar that being 25 Mathewson Dr. in overseeing the marketing process, with
screen. Those spoken to could not say Weymouth. The South Shore office build- principals Patrick Cavanagh and Gary
whether private functions would still be ing was taken back last week by Lemire said to be orchestrating the
held at Casa Di Fior should the sale be Rockland Trust Co. through a deed-in- effort. Rockland Trust has authorized an
consummated. lieu of foreclosure process, but the lender asking price of $1,000,000 after valuing
the transfer from its under water borrow-
new supermarkets in town on Walker’s ers at $900,000.
Reading Retail Brook Drive. The town recently invested Now marking its 25th anniversary, 25
continued from page 2 more than $5 million to enhance its Main Mathewson Dr. is located on an acre par-
food emporiums. Street corridor, a strip that feeds directly cel within two miles of Route 3. Attributes
Demographically, Reading plays well to onto Haven Street and is expected to fur- being touted in the marketing materials
retailers across a broad spectrum, main- ther benefit the entire downtown over include an efficient floor plate design,
tains Cyrier. The population of 32,500 peo- time, according to Cyrier. proximity to multiple public transporta-
ple in a two-mile radius has a healthy aver- Stable ownership from the project tion venues, and equally extensive retail
age household income of $111,500, and sponsor is another reason to expect a suc- and restaurant options. The property
some 181,000 people dwell within five cessful result on Haven Street, MANSARD underwent an upgrade in 2000.
miles of Haven Street. Reading denizens, indicates. Founded in 1969, Oaktree The surrender of 25 Mathewson Dr.
adds Cyrier, “support and depend on their Development is an award-winning firm occurs three years after it was purchased
downtown business community while that concentrates on suburban sites near by 25 Mathewson Drive Realty Corp.
striving to achieve its success by attract- nodes of public transportation with the Rockland Trust financed that deal with a
ing area residents to support local busi- intention of creating environmentally mortgage of $1,120,000. The president of
nesses.” Atlantic Food Market’s demise, friendly, community centric develop- 25 Mathewson Drive Realty Corp. is
for example, was considered as much a ments, including projects in Cambridge’s Daniel P. McGrath. Calls to Cavanagh
result of the store’s aging ownership as it Alewife section and a new community that and Lemire to discuss the sales effort
was due to fresh competition from two recently opened in Lexington. n were not returned by press deadline. n

FEEDBACK TO: EDITOR@THEREALREPORTER.COM


12 THE REAL REPORTER July 22, 2010

Massachusetts Corporations
Organized July 13 - July 19, 2010
Corporation Directors/Registered Agents Address Nature of Business
RMC Realty LLC Carolyn Dineen, manager; Michael E. Dineen, resident agent 20 Northview Ave., Norwood MA 02062 Real estate management and operation
Anthony Wyatt LLC Anthony Wyatt, signatory; Stephanie A. Petty, resident agent Principal office @ 44 Seabury Point Rd., Duxbury MA 02332 Buying, selling, operating, financing, and
dealing in real estate
Fort Point Enterprises LLC Thomas A. Defusco, signatory, resident agent; 326 A St. Unit 2C, Boston MA 02210 To acquire, hold, sell, and manage real estate
Patricia E. McCarron, signatory
Campanelli Acquisition Partners LLC Daniel R. DeMarco and Stephen J. T. Murphy, signatories 1 Campanelli Dr., Braintree MA 02184 Real estate
Sapphira LLC Deborah E. James, manager, signatory; Principal office @ 683 Main St. Units 1 and 2, Osterville MA 02655; Real estate development, investment and
Stuart W. Rapp Esq., resident agent Rapp @ 749 Main St., Osterville MA 02655 ownership
33 Walnut Street LLC K. J. M. M. Inc., manager, The Berstein Law Group P.C., Principal office @ 14 Wyman Wy., Lynnfield MA 01940; resident agent @ Real estate investment
resident agent 530 Loring Ave., Salem MA 01970
WPA Wise LLC WDP Manager Corp., manager, signatory; Principal office @ 6 Faneuil Hall Marketplace, Boston MA 02109 Dealing with the real property of
Samuel Ross, resident agent "Washington Park Apartments"
Washington Park LP WPA Wise LLC and Quincy Geneva Housing Corporation, Principal office @ c/o Winncompanies, 6 Faneuil Hall Marketplace, Dealing with the real property of
general partners; Samuel Ross, resident agent Boston MA 02109 "Washington Park Apartments"
Columbus Gardens GP LLC WDP Manager Corp., manager, signatory; Samuel Ross, Principal office @ 6 Faneuil Hall Marketplace, Boston MA 02109 Dealing with real property in the state of
resident agent Georgia
Columbus Gardens LP Columbus Gardens GP LLC, general partner; Samuel Ross, Principal office @ 6 Faneuil Hall Marketplace, Boston MA 02109 Dealing with real property in the state of
resident agent Georgia
Howe Street LLC Mark R. Woolford, signatory, resident agent; 120 Bigelow Dr., Sudbury MA 01776 Managing real estate
Robin L. Woolford, signatory
Surfside Living LLC Patrick Leahy, manager, signatory, resident agent 9 Surfside West, Duxbury MA 02332 Buying, selling, operating, financing, and
dealing in real estate
Paragon Llsea LLC Deborah May Connors, manager, signatory; Principal office @ 13 Tech Circle, Natick MA 01760 Acquire, develop, mortgage, and deal in real
Ronald D. Dockser P.C., resident agent property
HCP/LFREP Ventures I LLC Corporation Service Company, resident agent Principal office @ 3760 Kilroy Airport Wy. Ste. 300, Long Beach CA; Real estate
resident agent @ 84 State St., Boston MA 02109
54 Gray Development LLC James Kennedy, signatory, resident agent; 47 Pearl St., Charlestown MA 02129 Buying, selling, operating, financing, and
Sean Kennedy, signatory dealing in real estate
64 Rock LLC John M. Shields, manager, signatory, resident agent; 25 Rockwood Dr., Marshfield MA 02050 Ownership, management, and/or
John Thorbahn, signatory development of commercial real estate
34 Sorina LLC Sofia Borshchevsky, manager, signatory, resident agent 54 Auburndale Rd., Marblehead MA 01945 To buy, sell, and manage real estate
Sorimax LLC Max Borshchevsky, manager, signatory, resident agent 54 Auburndale Rd., Marblehead MA 01945 To buy, sell, and manage real estate
254 Second Avenue LLC Maric 254 LLC, manager, signatory; Ira J. Deitsch Esq., Principal office @ 197 First Ave. Ste. 300, Needham MA ; Deitsch @ To acquire, develop, lease, and deal in
resident agent 800 Boylston St. Tower 33rd floor, The Prudential Tower, Boston MA real estate
400 Fifth Avenue LLC Maric 400 LLC, manager, signatory; Ira J. Deitsch Esq., Principal office @ 197 First Ave. Ste. 300, Needham MA; Deitsch @ To acquire, develop, lease, and deal in
signatory, resident agent 800 Boylston St. Tower 33rd floor, The Prudential Tower, Boston MA real estate
Atlantic Acquisitions LLC Joseph E. Montalio, mgr, signatory; Michael G. Fressetti, mgr, 27 Water St. Ste. 109, Wakefield MA 01880 To acquire real estate and personal property
signatory; Salvatore Tecce, mgr, signatory, resident agent
Jordyns LLC Ronald Brenner, manager, resident agent 296 North St., Randolph MA 02368 To own, lease, sell, and deal in real property
Rhinebeck Realty LLC David Sorbaro, Victor Stephen Sorbaro, and Paige Koudijs, Principal office @ 358 Saw Mill River Rd., Millwoord NY 10546; Real estate ownership
managers; National Registered Agents Inc., resident agent resident agent @ 303 Congress St. 2nd Floor, Boston MA 02210
Rossi Properties LLC Paul Rossi, manager, resident agent; Leila Koziy, manager 71 Cedar St., Braintree MA 02184 Own, operate, and rent real property
LJM Thumb LLC Lawrence J. McGoldrick, manager, resident agent 187 Turnpike Rd., Westboro MA 01581 Real estate
MDF Realty LLC Robert Faia, signatory, resident agent 112 Flint Farm Rd., Middleton MA 01949 Real estate
SRI Assembly Row B2 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
Rockville MD 20852 real estate
SRI Assembly Row B3 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
Rockville MD 20852 real estate
SRI Assembly Row B5 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
Rockville MD 20852 real estate
SRI Assembly Row B6 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
real estate
SRI Assembly Row B7 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
Rockville MD 20852 real estate
SRI Assembly Row B8 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
Rockville MD 20852 real estate
SRI Assembly Row B9 LLC Donald Wood, president and CEO C/o Federal Realty Investment Trust @ 1626 East Jefferson St., To own, operate, manage, and invest in
Rockville MD 20852 real estate

continued on page 13
July 22, 2010 THE REAL REPORTER 13

Massachusetts Corporations
Organized July 13 - July 19, 2010
Corporation Directors/Registered Agents Address Nature of Business
CMT Realty LLC Robert E. Bennett, manager, signatory, resident agent 301 Winter St. Unit 1, Hanover MA 02339 To buy, sell, own, operate, and in all ways
manage commercial real estate
Bodenmann Enterprises LLC John C. Bodenmann Jr., manager, signatory, resident agent 431 Pine St., Marshfield MA 02050 Buying, selling, operating, financing, and
dealing in real estate
66 Queensberry LLC James Ferzoco, manager, signatory; Ellen E. Ferzoco, 66 Queensberry St. Unit 219, Boston MA 02215 To buy, sell, own, operate, and in all ways
manager, signatory, resident agent manage commercial real estate
Granite Funding Group LLC John L. Thurrott, manager, signatory, resident agent 25 Country St., Dover MA 02030 General purpose real estate purchasing
PD Realty LLC Domingos G. Pina, manager, resident agent 43 Jackson St., Brockton MA 02302 Real estate investment
Bridgeport Merger Corporation Eric J. Appellof, president, dir.; R. David Rosato, treasurer; Principal office @ 850 Main St., Bridgeport MA 06604 To acquire, invest in, or hold real and
Susan D. Stanley, sec., dir.; CT Corporation System, res. agent personal property
579 Apple LLC Diane M. Sheehan, manager, signatory, resident agent 60 North Main St., Natick MA 01776 Dealing in and managing real property
100 Main Street Reading LLC Joseph Calareso III, manager, signatory, resident agent 24 Lilah Ln., Reading MA 01867 Buying, selling, owning, and leasing RE
Parsons-Green LLC Jeffrey Kesner, manager, signatory, resident agent 1247A Commonwealth Ave., Allston MA 02134 Purchase and manage real estate
Beachmont Holdings LLC ERF Manager LLC, manager; Eggert Dagbjartsson, signatory, c/o Equity Resource Investments LLC, 1280 Massachusetts Ave.
resident agent; Victor J. Paci, signatory 4th Floor, Cambridge MA 02138 To invest in real estate
5 Sumner Square LLC Matthew G. Frazier, signatory, resident agent; 217 Wompatuck Rd., Hingham MA 02043 Renting or leasing real estate
Matthew Ranalli, signatory
Cape Cottage LLC Mark J. Couto, signatory, resident agent 103 Lake Shore Dr., Brewster MA 02631 To own, lease, and manage real estate
Marshall Farm Properties LLC Esther D. Ames, mgr; Oliver F. Ames Jr., signatory, res. agent Principal office @ 303 Congress St., Boston MA 02210 To engage in the ownership, acquisition,
operation, and management of real estate
301 Prospect Street LLC BH Management LLC, mgr, signatory; Jay Bounty, res. agent 350 Prospect St., Belmont MA 02478 Invest in, purchase, manage, and deal in RE
CA2 Group LLC Abner Kurtin, manager, resident agent 76 Laurel Rd., Brookline MA 02446 Acquisition, investment and ownership of RE
407-411 CA2 Group LLC Abner Kurtin, manager, resident agent 76 Laurel Rd., Brookline MA 02446 Investment in and ownership of real estate
Perkins Street LLC William D. Gamble, manager, signatory, resident agent 4 Makepeace Rd., Westford MA 01886 Purchasing, refurbishing, mgmt, & sale of RE
Nationwide Properties LLC Brendan Moy, manager, signatory, resident agent; Principal office @ 11 Tyler St., Boston MA 02111 Real estate brokerage services
Levina Moy, manager, signatory; Yuet Fong Hom, signatory
QM Manager LLC Sy Marcus, manager, signatory, resident agent 110 Clark Rd., Brookline MA 02445 Real estate
QM Realty LLC QM Manager LLC, mgr; Sy Marcus, signatory, resident agent 110 Clark Rd., Brookline MA 02445 Real estate
Sarah's Place LLC Ashraf A. Soliman, signatory, resident agent Principal office @ 302 Spring St., Winchendon MA 01475 Ownership and development of real estate
TNC Real Estate Holdings LLC Andrew Bernbaum, manager, signatory, resident agent 315 Franklin St., Newton MA 02458 Real estate
1618 Partners LLC John J. Donovan Jr., manager, resident agent 8 Atwater Ave., Manchester MA 01944 Ownership and management of real estate
P7 Avondale LLC Christopher F. Hughes, manager, Corporation Principal office @ 825 3rd Ave. 36th Floor c/o The Praedium Group LLC,
Service Company, resident agent New York NY 10022; MA office @ 1101 Worcester Rd. Direct and indirect real estate investment
4th Floor c/o Taymil Partners Inc., Framingham MA 01701
Avondale Associates LLC P7 Avondale LLC, manager; Corporation Service Company, Principal office @ 825 3rd Ave., New York NY 10022; resident agent @ Direct and indirect real estate investment
resident agent 84 State St., Boston MA 02109
Hudson Blue Water LLC Mark Hashem, manager, signatory, resident agent 0 Littleton Rd., Ayer MA 01432 Acquisition, ownership, & development of RE
66 MST Associates LLC Steven A. Karan, manager, signatory, resident agent; Principal office @ 66 Main St., North Easton MA 02356 Managing, acquiring, operating, developing,
Marc R. Plante, mgr, signatory; Dana C. Lanzillo, signatory and dealing in real estate
111 Crawford Street LLC Lloyd A. Watt and John H. Schiavi, managers; Principal office @ 50 Francis St., Leominster MA 01453; Investment in, ownership and development of
Carl F. Schmitt Esq., resident agent Schmitt @ Schmitt & Dillon, 233 Main St., Lancaster MA 01453 real estate
G&G Homestead LLC Kris M. Johnson, manager, signatory, resident agent; Principal office @ 74 Snow Rd., Brewster MA 02631 To own, lease, and manage real estate
Barbara Sizelove and Max D. Johnson, signatories
Mayflower Realty Ventures LLC James C. Gattuso, manager, resident agent; Eileen Casey, Principal office @ 888 8th Ave. Apt. 4K, New York NY 10019; Real estate consulting
Maria Gattuso, and Caroline A. Gattuso, managers Gattuso @ 5 Harvest Ln., North Reading MA 01864
Ameco-Jar LLC James A. Russell, manager, signatory, resident agent 108 Bel-Air Dr., Longmeadow MA 01106 To acquire, hold, sell, and manage real estate
Duke Properties Inc. Mark De Chambeau, president, treasurer, secretary 10 South Main St. Ste. 205, Attleboro MA 02703 Sale & rental of commercial & res. property
Veerji LLC Sarabjit Chawla, manager, signatory; Michele Chawla, Principal office @ 217 Elm St., West Springfield MA 01089 Real estate
manager, signatory; Simon J. Brighenti Jr., resident agent
Shri Nathji Realty LLC Sanat D. Patel, manager, signatory, resident agent 67 West Boylston St., Worcester MA Own or lease real estate
Prime Distribution Services LLC Andrew Goodman, manager, Corporation Service Company, Principal office @ 300 Corporate Pl., Islandia NY 11749; Real estate holding
resident agent resident agent @ 84 State St., Boston MA 02110
Huggard Brothers LLC Terrence J. Huggard, mgr., res. agent; Jeffrey G. Huggard, mgr. 1305 Washington St., Stoughton MA 02072 Real estate
Huggard Realty LLC Terrence J. Huggard, mgr., res. agent; Jeffrey G. Huggard, mgr. 1305 Washington St., Stoughton MA 02072 Real estate
SMB Consulting LLC Sergey Bogolov, manager, resident agent 14 Gerald Rd., Marblehead MA 01945 Real estate consulting
1700 Cape Street LLC Robert A. Garrity Jr., manager, signatory, resident agent 1700 Cape St., Lee MA 01238 To buy, lease, sell, and own property
500 Old Colony Place LLC Laham Management and Leasing Inc., manager, signatory; Principal office @ 460 Yarmouth Rd., Hyannis MA 02601; Buying, selling, leasing, operation, and
James N. McNulty Esq., signatory, resident agent McNulty @ 40 Court St. Ste. 1150, Boston MA 02108-2202 management of real estate
14 THE REAL REPORTER July 22, 2010

ITRA/Stevens Group, Progenika assessed for the past 10 years.


River’s Edge buildings from Watertown to Woburn Having endured the latest crash to
continued from page 1 before settling on River’s Edge. Although somehow get the four-story, 115,000-sf
Officials at Cambridge-based Progenika viable prospects such as TradeCenter 128 Building 200 constructed, a signing of
acknowledge the firm has leased 9,000 sf of in Woburn—another LEED Gold build- Marriott Corp. to lease the top floor last
laboratory and office space at Building 200 ing—were carefully considered, he says year showed River’s Edge could attract a
of River’s Edge, the mixed-use complex River’s Edge ultimately fit the company’s high-end company, notes Matthew Preotle,
into which TeleCom City evolved after needs best. The atten- and he says Progenika underscores that the
plans for a tech-centric commercial park tive, experienced property can also be a solution for cutting-
were dashed by that industry’s thunderous nature of Preotle Lane edge, new-age companies such as those in
collapse in 2001. Besides 400,000 sf of in courting the firm was the life sciences arena. “In a lot of ways,
office space that will be constructed, also comforting in strik- they are the perfect tenant for us,” says
River’s Edge also features modern residen- ing the seven-year Matthew Preotle. “What they are doing is
tial options and an expansive recreational lease, adds Bohan, very exciting, and it’s great to see that type
area. Progenika CFO Michael Bohan says whose firm inked an of a company considering us . . . We hope to
that diversity was among the attractions Debra Stevens agreement that contains see many more like them coming out here.”
luring his firm away from the life sciences expansion options going forward. Matthew Preotle also credits the bro-
epicenter in Kendall Square. “It was a delight to deal with them,” con- kerage guidance from Stevens on the ten-
“It was a great match for us,” says Bohan, curs Stevens of the landlord. She also cites ant side and the exclusive leasing team for
providing the firm an intermediary solution an efficient design of Building 200 and the River’s Edge that includes Grubb & Ellis
that delivers rental relief from core ability to mix the laboratory and office professionals Philip Giunta, Ann Newman
Cambridge pricing plus the amenities sought space together, with a ratio of approximate- Foley and George Nugent. “They worked
by a skilled employee base. Besides plentiful ly 40 percent to 60 percent for those respec- really hard to get this done,” says Matthew
parking and nearby public transportation, tive uses. The US subsidiary of a Spanish Preotle, voicing further encouragement by
Bohan says the on-site fitness center and conglomerate, Progenika is involved in an increase of prospects touring the prop-
cafeteria and 10 acres of landscaped fitness genetic testing and will use the property for erty in recent months, even as the summer
trails should help compete for staffers. “It’s both research and administration functions. vacation season eases the activity back to
very tranquil,” he says of the park exterior, Landlord Matthew Preotle voices equal a more languid pace. There is plenty of
including frontage along the Malden River. exuberance at the signing of Progenika work on the fit out of the Progenika space
Progenika is also proud to be in an environ- from that side of the table, and agrees the in the meantime, however, with that firm
mentally reclaimed property, adds Bohan, tenant lives up to the vision of his father, slated to be in by early November.
with the sustainability of the 200 acres fur- John Preotle, whose initial commitment to The company is expanding from about
ther enhanced by Building 200’s designation redeveloping the parcel has endured mul- 6,000 sf, and is using Preotle Lane’s in-
as a LEED Gold certified structure. tiple peaks and valleys due to the fickle house architect, Gensler, for the fit out
Aided by broker Debra Stevens of economy that has dogged New England assignment. n

“It’s going to be a good store for CVS,” Besides being able to take advantage of
Haverhill CVS says Hecht, predicting further gains as the the demand for net-leased real estate,
continued from page 1 unit establishes its market presence. The Hecht says the 12,000-sf Haverhill proper-
trading,” explains Marcus & Millichap bro- buyer of the asset is a private Newton ty was enhanced by a brownfields tax
ker Robert Horvath, investor, Quadrant Haverhill Real Estate credit that his group was later able to sell
who negotiated the sale LLC, an entity managed by Marvin Smith. off, crediting Massachusetts attorney
along with colleagues In praising Marcus & Millichap for Warren A. Kirshenbaum for illuminating
Al Taf and Todd drumming up bidders through its national his company to its availability. “That was
Tremblay. Situated at database, Hecht says the sale also reflects great—it was like found money,” says
150 Lafayette Sq. on a his belief that stabilized real estate is a Hecht.
1.2-acre parcel, the viable option for investors in an otherwise As for the investment sales market,
CVS benefits from a unsettled environment. “It is really start- Horvath says Marcus & Millichap has seen
Robert Horvath daily traffic count of ing to heat up again,” he says. company volume increase by more than
40,000 vehicles, and The Haverhill CVS asset is bolstered by 40 percent compared to the first half of
has a population of a triple-net lease that extends for another 2009, a time when conditions were brutal-
26,000 people living in a 23 years, offering a measure of steady ly torpid. “”We are starting to see velocity
one-mile radius, says cash flow that presently is at $498,405 increase,” relays Horvath, whose team is
Kenneth Hecht, an annually and escalates up to $508,155 for also handling properties in the northeast
experienced retail years six through 10. Year 21 will boost and mid-Atlantic regions. More listings are
developer whose plat- the rate to $540,429. There is also a half- coming to the fore every day, he says,
form extends through- dozen five-year options once the original offering hope for a busier second half to
Todd Tremblay out New England. lease agreement expires. 2010. n

You might also like