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THIS WEEK’S ISSUE
The Real Reporter
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ylke . .e. W
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THE REAL REPORT
Cape Win
South Cape Village, Mashpee MA
MASHPEE — C.Talanian Realty is
best known for its dominating pres-
ence as a commercial landlord on
Boston’s renowned Newbury
Street, but the venerable family run
real estate firm has carved out a
hefty retail niche here on Cape Cod
during the past decade as developer
of South Cape Village. The multi-
phase, 160,000-sf shopping center on
Route 28 today offers year-rounders
and summer tourists alike a variety
of consumer choices from Dunkin’
Donuts, Marshall’s and Olympia
Sports to a Roche Bros.
Supermarket and Sovereign
Bank. “It has become a key corner,”
acknowledges President Charles
continued on page 4
ofni DI etaroproc retropeR laER ehT
moc.retroperlaereht.www :etisbew
moc.retroperlaereht@kcabdeef :tcatnoc AUGUST 5, 2010
etatsE laeR laicremmoC rof ecruoS sweN ehT :enil gaT
First on its List, Maric Secures
254 Second Ave. in $9M Trade
N
EEDHAM — Another New
Boston Fund commercial
building has undergone an
ownership shift change, this one
the prominent 254 Second Ave.
flex/office property that serves as
home to GateHouse Media.
Although the communication
group’s lease is expiring, buyer
Mark H. Rubin of Maric Inc.
expresses confidence over his pur-
chase Thursday of the 86,000-sf
continued on page 16 254 Second Ave., Needham MA
Price is Right for Parsons in $3.5M Deal
N
ATICK — They had Michael Price at “Hello.”
In recounting the springtime cold call that
led to Price’s Waltham-based Legacy Real
Estate Ventures buying 11 Huron Dr. last week for
$3.5 million, Parsons Commercial Group principal
Richard Putprush explains he was certain the two-
story, 30,000-sf office building would be a good
match for the veteran investor, so much so that
Price was the first prospect contacted when PCG
opted to quietly test the sales waters for an asset it
has owned since October 2005.
11 Huron Dr., Natick MA continued on page 5
‘Turmoil’ Keeps Industrial on Edge
BY JOE CLEMENTS “There is still a fair amount of turmoil, and
B
OSTON — New England’s industrial the outlook for this year is not that rosy.”
real estate landscape has been G&E’s Boston team has even amassed five
soaked by a torrent of economic reasons that portend a protracted recov-
upheaval since 2008, but even though the ery. Anemic consumer spending, high
tempest has seemingly ebbed, unemployment and New
some local experts fear unsettled England’s light lineage as a distri-
conditions will threaten indefi- bution hub are among the quintet
nitely. of quandaries facing industrial
“It remains pretty rough for properties regionally, offers
developers, investors and owners Spencer. Much of the inventory
of industrial real estate,” Grubb & that does exist is obsolete to
Ellis SVP Brad Spencer says in today’s requirements, he adds,
assessing the first half of 2010. Brad Spencer continued on page 17
2 THE REAL REPORTER August 5, 2010

ARA Team Nearing Second NH Multifamily Trade

S
ALEM, NH—Fresh off the $5.3 million
sale of a 78-unit multifamily commu-
nity in Raymond, Apartment Realty
Advisors has issued a call for offers on a
second Granite State listing, this one a
TIAA-CREF-owned property situated
here on the Massachusetts border. ARA’s
Northeast team of Stephen Ordway,
Richard Robinson and Terence M. Scott is
marketing Carlton
Oaks, a 112-unit com-
plex offering on-site
amenities such as a
modern fitness center
and pool. “This is the
only new apartment
community in this sub-
Terence M. Scott
market in 25 years,”
says Scott, with the project having been
constructed in 2004.
Carlton Oaks, Salem NH
Among the country’s largest pension
funds, TIAA-CREF’s involvement exempli- vidual washers and dryers. “No place else Occupancy of Carlton Oaks is at 96 percent.
fies the pedigree of Carlton Oaks, relays around there has that,” says Scott, with 96 On the sale of Canterbury Commons,
Scott, as do rental rates of $1,300 per of the units in that category. The remainder ARA delivered more than $68,000 per unit
month for the development’s main offering, are one-bedroom apartments that fetch on behalf of its client, AspinSquare Inc.
two-bedroom, two-bath units sporting indi- between $1,100 and $1,150 per month. continued on page 17

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August 5, 2010 THE REAL REPORTER 3

Spiegel Arranges $4.85M Loan

Worth Another Look
H
AVERHILL — Sidney J. Spiegel, vice president of NE Moves
Mortgage, Commercial Division, recently arranged a
$4,854,000 purchase loan for Quadrant Haverhill Real Estate
LLC. The loan was funded by People’s United Bank of Worcester.
The funds were used to acquire a stand-alone retail property
at 150 Lafayette Sq. in Haverhill with a long-
term lease in place to CVS. The asset is
enhanced by a triple-net lease that extends for
another 23 years, with increases in the cash
flow every five years.
According to Spiegel, the lender was aware
of the creditworthiness of the tenant and was
able to provide the borrower with a 20-year,
Sidney J. Spiegel self-liquidating note at 5.5 percent. People’s
United also realized the value of stabilized real estate as a viable
option for investors in an otherwise unsettled real estate environ-
ment, he adds.
Managed by Marvin Smith, Quadrant Haverhill Real Estate
LLC paid $6.47 million for the property, as previously outlined by
The Real Reporter. Robert Horvath and Todd Tremblay of
Marcus & Millichap negotiated the sale on behalf of the proper-
ty’s developer, Hecht Development of Concord.
Based in Waltham, NE Moves Mortgage works with union pen- Boston’s Best
sion plans, insurance companies, conduits, commercial banks and
local savings banks to provide its clients competitive rates and
Office Space Alternative
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B
OSTON — A.W. Perry has announced that GEN3 Partners 2I¿FH6SDFH/HDVLQJ_,QYHVWPHQW6DOHV_$GYLVRU\6HUYLFHV
has signed up for 6,000 sf at Twenty Winthrop Sq., an his-
toric office building in the city’s Financial District. A busi- 617.426.6666 | saintjamesrea.com
ness consulting firm, GEN3 Partners will be moving next month
to the second floor of the five-story, 30,000-sf property from C O R C O R A N Management LLC
nearby Post Office Square. JENNISON
continued on page 13
4 THE REAL REPORTER August 5, 2010

The Real Report

continued from page 1
M. Talanian, estimating that occupancy
is approaching 90 percent and relaying
that Marshall’s just announced a 13 per-
cent gain in sales for the unit compared to
last year.
Further boosting the festive atmos-
phere comes South Cape Village’s latest
arrival, a 14,000-sf Walgreens slated to
open its doors over the weekend. “We are
expecting good things from them,”
Talanian says in welcoming the country’s
largest pharmacy chain to the project that
is one structure removed from full com-
pletion.
The timing would seem to be prescient,
with market watchers reporting that
Walgreens is curtailing its once-ambitious
expansion program. Possessing a long-
term lease, such issues would be of little
concern to South Cape Village’s owner and
the locals who turned out last week for a Members of the extended Talanian family gathered last week to celebrate the opening of a Walgreens
celebration of the store’s imminent open- at South Cape Village in Mashpee. From L-R: Chris Talanian, Nevart Talanian, Charles Talanian, Gail
ing. O’Reilly and Richard O’Reilly
Some 80 people gathered to fete the staffers such as Chief Operating Officer team were on hand as well, including
project’s completion, joining three genera- David Coughlan and Melinda Gallant. Ellen Lee, credited for working along
tions of the Talanian family along with Members of the property’s real estate continued on page 18

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August 5, 2010 THE REAL REPORTER 5

Price is Right
continued from page 1
“It fit Legacy’s profile perfectly,” Putprush relays, citing ele-
ments such as steady cash flow, a prime local location, and the
opportunity to add value. “I’ve done business with Michael for
20 years, and I know what he likes,” says Putprush. “And I was
also sure he could perform and get it done.”
Price voices similar reasons for immediately focusing his
attention on 11 Huron Dr., crediting the PCG team for provid-
ing the information early to enable his company to make a com-
mitment soon after the investigation commenced.
The trust factor ultimately paid off, so much so that
Putprush notes the entire process from the initial contact to
closing was completed within 100 days,
including Legacy’s successful effort to secure
financing in the form of a $2.45 million mort-
gage from Middlesex Savings Bank.
The lender was doing its first deal with
Legacy, having been introduced through
PCG. Michael P. Hart of the bank’s commer-
cial lending division “led the charge,” says
Richard Putprush Price, and according to Putprush, the out-
come there offers further proof of Legacy’s
reputation and its strategy for taking on 11
Huron Dr., which is presently full but will be
losing one tenant occupying 5,400 sf over the
near term. “They are very selective,”
Putprush says of Middlesex Savings Bank.
According to Putprush, the space coming
available could be seen as much as an oppor-
Michael Price tunity as a crisis for Legacy. “It will allow
Michael to work some of his magic,” says Putprush. The
prospect of upside was one factor in identifying Legacy as a
possible buyer, relays Putprush, as well as a tenant mix that fits
Price’s experience in leasing to child care and medical opera-
tions, both of which are represented in 11 Huron Dr.
Had a deal with Legacy not worked out, Putprush says PCG
could have refinanced the building that it purchased for $2.65
million, part of the group’s own eclectic portfolio of commercial
assets in Greater Boston. Having gone the sales route, however,
“we were glad to get it done,” says Putprush, with the company
involved in plenty of other action at present. “We’re very busy,”
says Putprush, who declined to discuss other potential transac-
tions in the works.
As for 11 Huron Dr., Legacy has retained Eastport Real
Estate to manage the building and is considering potential leas-
ing agents. Price concurs with other investors weighing poten-
tial deals that quality product is difficult to identify and expec-
tations on challenged assets have been hard to justify. “I was
fortunate to have been selected by Rick to take a look at this,” Tomorrow’s superpowers are today’s rapidly-evolving
he says of the Natick building. For Putprush, the final outcome businesses. Let us handle your clients’ small, short and flexible
was no surprise. “When Michael locks on, he locks on and does- office space requirements, and you too can be a superhero.
n’t let up,” he says of Price. n
Laurie Snelson, Managing Director
laurie.snelson@carrworkplaces.com
617.692.2900 carrworkplaces.com
FEEDBACK TO: EDITOR@THEREALREPORTER.COM
6 THE REAL REPORTER
Commercial Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
AUG 2ND
MORTGAGE: $115,000,000 from Wells
Fargo Bank NA
ADDRESS: Avenue de Lafayette and Chauncy
Street, Boston
BORROWER: CHSP Boston LLC and CHSP TRS
Boston LLC, c/o Chesapeake Lodging TR
MORTGAGE: $25,500,000 from CIBC
ADDRESS: 319 Speen St. and 1360 Worcester
St., Natick; and 30 Washington St., Somerville
BORROWER: DDH Hotel Natick/Speen LLC,
DDH Hotel Natick/Worcester LLC and DDH
Hotel Somerville LLC
MORTGAGE: $5,062,500 from TD Bank
ADDRESS: 1385 Riverdale St., Lot B, West
Springfield
BORROWER: Balise Automotive Realty LP and
Balise Real Estate Inc.
J U LY 3 0 T H
MORTGAGE: $26,000,000 from Prudential
Insurance Company of America
ADDRESS: 75 Peterborough St., Boston
BORROWER: Abbey Landmark Square LLC
MORTGAGE: $17,000,000 from LR6-A LLC
ADDRESS: 531 Main St., Worcester
BORROWER: Pappas Industrial Parks Inc.
MORTGAGE: $6,465,681 from Bank of
America NA
ADDRESS: 808 Main St. and Rollstone Street,
Fitchburg
BORROWER: Lowell Publishing Co.
MORTGAGE: $1,712,000 from Clinton
Savings Bank
ADDRESS: Richard Road and Sawtelle Road,
Leominster
BORROWER: South End Woods LLC
MORTGAGE: $1,700,000 from
Neighborhood Stabilization Loan Fund LLC
ADDRESS: 23 Hollis St., Worcester
BORROWER: Beacon Brightly LLC
MORTGAGE: $1,644,000 from Athol
Savings Bank
ADDRESS: 22 Pearson Blvd., Gardner
BORROWER: V&N Corp.
MORTGAGE: $1,600,000 from Brookline Bank
ADDRESS: 1093 Beacon St., Brookline
BORROWER: Mark D. Blotner and Lloyd
Rosenthal
August 5, 2010
A single-story, 25-year-old industrial building at 99 West St. in Medfield has sold for $1,200,000
to 99 West Street LLC. The 14,875-sf building sits on a 2.5 acre lot and had been owned since
the mid-1980s by E&E Realty Trust, whose principals are Edward Janos and Eloise Janos. The sell-
ers provided $500,000 in financing to 99 West Street LLC, a Millis-based entity managed by
Cesidio Pinciaro Jr., James Pinciaro and John Pinciaro.
BUYER: MDF Realty LLC MORTGAGE: $15,000,000 from
SELLER: Jadwhile LLC NewAlliance Bank
PRICE/ADDRESS: $1,350,000; 194 South ADDRESS: 1 Holmes Way, Milford
Main St., Lot 7 and 8, Middleton BORROWER: CRP-3 Milford LLC, c/o Colony
MORTGAGE: $636,000 from New England Realty Partners
Certified Development Corp.
NOTES: Industrial property, constructed 1984; MORTGAGE: $13,000,000 from Landmark
building size is 14,350 sf, lot size is 3.2 acres; Dividend Funding LP
last sold for $1,030,000 in Oct. 2001 ADDRESS: 1 Dean St., Norfolk
BORROWER: LD Acquisition Company LLC
BUYER: 99 West Street LLC
SELLER: Edward H. Janos, trustee of E&E Realty TR BUYER: Bull 500 Realty Associates LLC
PRICE/ADDRESS: $1,200,000; 99 West St., SELLER: Commonwealth Center Associates
Medfield PRICE/ADDRESS: $4,525,000; 500
MORTGAGE: $500,000 from Edward Janos Cochituate Rd., Framingham
and Eloise Janos NOTES: Single-story retail property, built
NOTES: Industrial property; building size is 1972; building size is 24,850 sf, lot size is 2.7
14,875 sf, lot size is 2.5 acres acres; seller acquired property in Dec. 2000;
seller c/o Griffith Properties, Boston MA; buyer
BUYER: J&G Realty LLC c/o Bulfinch Cos., Needham MA
SELLER: New England Heritage Property Corp.
PRICE/ADDRESS: $1,160,000; 85 Bolton St.; BUYER: Fisher College
37, 70 and 72 Broad St.; 13-15 Cross St.; and SELLER: Joseph L. Butera, trustee of Art
179 West Main St., Marlborough Educational TR
MORTGAGE: $870,000 from Stoneham PRICE/ADDRESS: $3,900,000; 111 Beacon
Savings Bank St., Lot A, Boston
NOTES: Multiple multi-family buildings; assets MORTGAGE: $4,000,000 from Joseph L.
last sold for $1,134,0000 in May 2010 follow- Butera
ing foreclosure by Stoneham Savings Bank on NOTES: Butera School of Art
B.B.D. Properties LLC; prior sale to B.B.D.
Properties LLC for $3,169,610 in Jan. 2005 MORTGAGE: $3,756,176 from East
Cambridge Savings Bank
J U LY 2 9 T H ADDRESS: 510 and 516 East Second St.,
Boston
MORTGAGE $31,000,000 from Capital One BORROWER: Frederick M. Gordon, trustee of
ADDRESS: 10-A, 16A, and 30 Baker Ave., 516 City Development Realty TR
Concord
BORROWER: Normandy Concord Acquisition LLC continued on page 13
August 5, 2010 THE REAL REPORTER 7

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010

AUG 2ND
BUYER: Robert Shanahan
SELLER: Andrew S. May and Jennifer S. May
PRICE/ADDRESS: $2,850,000; 27 Barnstable
Rd., Wellesley
MORTGAGE: $1,250,000 from Merrill
Lynch Credit Corp.
NOTES: Single-family, built 2001; house size is
6,225 sf, lot size is 22,600 sf; five bedrooms and
6.5 baths; last sold for $3,050,000 in July 2001
BUYER: John J. Dormer and Melissa B. Dormer
SELLER: Michele D. Beardslee and William C.
Beardslee
PRICE/ADDRESS: $2,500,000; 15 Harbor
View, Marblehead
NOTES: Single-family Colonial, built 1900; house size
is 4,175 sf, lot size is 24,700 sf; five bedrooms and
4.5 baths; last sold for $1,995,000 in March 2005
BUYER: Michael J. Comb
SELLER: Carla F. LoConte and Christopher L. LoConte A seven-year-old Colonial at 6 Aristotle Dr. in Winchester is under new ownership following its purchase
PRICE/ADDRESS: $2,200,000; 343 for $1,550,000 by Caroline Goria and Vincent J. Goria from Katalin M. Simon and Michael K. Simon. RBS
Commercial St., Unit 12, Boston Citizens provided a $1,240,000 mortgage to back the acquisition. The 6,275-sf, six-bedroom home last
MORTGAGE: $1,650,000 from JPMorgan sold for $1,795,000 in Sept. 2004.
Chase Bank
NOTES: Residential unit in low-rise Union
Wharf Condominium; unit size is 2,300 sf; NOTES: Single-family Colonial, built 1930; NOTES: Single-family, built 2001; house size is
three bedrooms and 2.5 baths; unit last sold house size is 4,050 sf, lot size is 13,075 sf; six 3,950 sf, lot size is 2.1 acres; three bedrooms and
for $2,000,000 in Nov. 2005 bedrooms and 4.5 baths; last sold for 2.5 baths; last sold for $265,000 in Dec. 1999
$1,715,500 in Aug. 2004
BUYER: YHG Inc. BUYER: R. David Rauh and Robert G. Rauh
SELLER: Michael D. Stillman and Steve Williams BUYER: Judith A. Pribaz and Julian J. Pribaz SELLER: Woodlands at Belmont Hill LLC
PRICE/ADDRESS: $2,150,000; 300 Boylston SELLER: Michael G. West, trustee of Church PRICE/ADDRESS: $1,150,000; 6 Summit Rd.,
St., Unit-609, Boston Court Condominium Unit-53, Belmont
NOTES: Residential unit in high-rise Back Bay PRICE/ADDRESS: $1,600,000; 492 Beacon NOTES: Residential unit in the Woodlands at
condominium; unit size is 2,100 sf; five bed- St., Unit-64, Boston Belmont Hill condominium
rooms, two baths and 2.5 baths; unit last sold MORTGAGE: $1,200,000 from BNY Mellon NA
for $1,700,000 in Nov. 2006 NOTES: Residential unit in mid-rise Church Court BUYER: Karen Gallucci and Marc Gallucci
Condominium; unit size is 1,675 sf; two bed- SELLER: Gary Dragoon and Diane E. Young
MORTGAGE: $1,900,000 from TD Bank rooms and two baths; unit last sold for $391,500 PRICE/ADDRESS: $1,075,000; 55 Wellesley
ADDRESS: 15 Rockport Rd., Weston in Aug. 1999; Declaration of Homestead St., Weston
BORROWER: Carol A. Levy and Joseph L. Levy MORTGAGE: $860,000 from Danversbank
BUYER: Charles A. Brown and Kathryn L. Brown NOTES: Single-family; house size is 4,250 sf;
BUYER: Julia F. Carpenter, trustee of the Julia
SELLER: Jadakali LLC lot size is 16,325 sf; five bedrooms and 3.5
F. Carpenter Revocable Trust 1999
PRICE/ADDRESS: $1,595,000; 65 Toxteth St., baths; last sold for $1,199,000 in May 2005;
SELLER: Mark B. Glovsky, trustee of the Sixty-
Lot B, Brookline Declaration of Homestead
Four Eastern Avenue Nominee TR
MORTGAGE: $200,000 and $960,000 from
PRICE/ADDRESS: $1,800,000; 64 Eastern
RBS Citizens NA BUYER: Michael A. Nunes and Sarah H. Nunes
Ave., Essex
NOTES: Duplex, built 1890; living space is SELLER: Howard B. Himmel and Stephanie A.
NOTES: Farm property with residence and
3,750 sf, lot size is 3,775 sf; seven bedrooms Himmel
multiple buildings; lot size is 19.5 acres; resi-
and two baths; Declaration of Homestead PRICE/ADDRESS: $1,070,000; 56 Ware Rd.,
dence has four bedrooms and four baths
Lot 20, Needham
BUYER: Ann M. Hodgson and Samuel H. Hodgson BUYER: Gregg M. Dixon and Sierra Gitlin MORTGAGE: $856,000 from Monument
SELLER: Casey L. Pittock and Sarah P. Pittock SELLER: Craig M. Filmore Mortgage
PRICE/ADDRESS: $1,675,000; 12 Tennyson PRICE/ADDRESS: $1,200,000; 27 Newman NOTES: Single-family Cape, built 2000; house size
Rd., Wellesley Rd., Newbury is 3,650 sf, lot size is 9,000 sf; five bedrooms and
MORTGAGE: $1,172,500 from Merrill MORTGAGE: $375,000 and $523,750 from three baths; last sold for $795,000 in Dec. 2000
Lynch Credit Corp. Wells Fargo Bank & Trust Co. continued on page 8
8 THE REAL REPORTER
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
continued from page 7
BUYER: Asit Parikh
SELLER: Daniel M. Whitney and Janice C.
Whitney, trustees of Whitney Realty TR
PRICE/ADDRESS: $1,060,000; 22R Revere
St., Lexington
MORTGAGE: $795,000 from Astoria
Federal Mortgage Corp.
NOTES: Single-family Colonial, built 2000;
house size is 3,075 sf, lot size is one acre; four
bedrooms and two baths
MORTGAGE: $1,000,000 from JPMorgan
Chase Bank
ADDRESS: 47 Pinecroft Rd., Weston
BORROWER: Beth Kressley Goldstein
MORTGAGE: $1,000,000 from BNY Mellon NA
ADDRESS: 7 Barnegat Ln., Marblehead
BORROWER: Kathleen W. Mazonson and Paul
M. Mazonson
J U LY 3 0 T H
BUYER: Richard J. Glidden, trustee of 90 Main
Street Realty TR
SELLER: Kathryn H. Clauss and Roy S. Clauss
PRICE/ADDRESS: $5,650,000; 90 Main St.,
Nantucket
NOTES: Single-family Mansion, built 1832;
house size is 5,125 sf, lot size is 10,500 sf; five
bedrooms, five baths and two half-baths; last
sold for $3,556,045 in Oct. 2005
BUYER: Gregory L. Geiser and Nancy D. Geiser
SELLER: Nancy B. McGovern and Robert J. McGovern
PRICE/ADDRESS: $3,844,400; 32 Walsh St.,
Lot 4, Nantucket
MORTGAGE: $2,000,000 from First
Republic Bank
NOTES: Single-family Custom design, built
2005; house size is 3,500 sf, lot size is 9,000
sf; four bedrooms and 4.5 baths; last sold for
$1,700,000 in June 2004
BUYER: Jean H. Noonan
SELLER: David Ogens and Locke Wallace Ogens
PRICE/ADDRESS: $3,100,000; 37 Webster
Rd., Weston
MORTGAGE: $100,000 and $2,000,000 from
JPMorgan Chase Bank
NOTES: Single-family, built 1927; house size is
4,525 sf, lot size is 1.4 acres; four bedrooms and
five baths; last sold for $1,125,000 in Oct. 1999
BUYER: Ellie Choi and Kendrick Chow
SELLER: Thomas C. Bailey, trustee of 375
Beacon Street Realty TR
Melissa A. Warneck has purchased 30 Fairlawn Ln. in Lexington from Christopher J. Ellmore and Kathleen
M. Ellmore for $1,062,500, financed by a $796,895 loan from CitiMortgage. The 4,250-sf, five-bedroom
Cape last sold for $730,000 in April 2006.
PRICE/ADDRESS: $2,656,000; 375 Beacon
St., Boston
MORTGAGE: $490,000 from Citibank NA
and $1,900,000 from CitiMortgage
NOTES: Single-family brick Row house; house size
is 4,775 sf, lot size is 2,125 sf; four bedrooms and
3.5 baths; last sold for $2,550,000 in Sept. 2008
BUYER: Elizabeth G. Nabel
SELLER: Sally R. Beckerman
PRICE/ADDRESS: $2,550,000; 110 Yarmouth
Rd., Brookline
MORTGAGE: $2,550,000 from JPMorgan
Chase Bank NA
NOTES: Single-family Cape, built 1950; house size
is 3,700 sf, lot size is 1.1 acres; five bedrooms and
4.5 baths; seller’s ownership dates to May 1954
BUYER: Stephen Wolfberg
SELLER: Nancy A. Huntington
PRICE/ADDRESS: $2,300,000; 52 Brimmer
St., Boston
NOTES: Single-family brick Row house; house
size is 3,325 sf, lot size is 1,100 sf; three bed-
rooms and three baths; seller’s ownership
dates to Oct. 1962
BUYER: Loretta T. Attardo and Ralph J. Rotman
SELLER: Arthur Day and Dana Day, trustees of
330 Beacon Street Condominium
PRICE/ADDRESS: $2,141,500; 330 Beacon
St., Unit-31, Boston
MORTGAGE: $1,500,000 from BNY Mellon
August 5, 2010
NOTES: Residential unit in high-rise Back Bay
condominium; unit size is 2,150 sf; five bedrooms
and two baths; unit last sold for $1,350,000 in
Jan. 2009; Declaration of Homestead
BUYER: Christopher Casgar and Kirsten Casgar
SELLER: 75Pilgrim LLC
PRICE/ADDRESS: $1,938,115; 75 Pilgrim
Rd., Lot 104, Wellesley
MORTGAGE: $1,550,492 from Georgetown
Savings Bank
NOTES: Single-family Colonial, built 2010; house
size is 5,700 sf, lot size is 14,000 sf; four bedrooms,
four baths and two half-baths; property last sold for
$700,000 in Oct. 2009; Declaration of Homestead
BUYER: James B. Ronald and Susan G. Ronald
SELLER: Jill E. Tedeschi, trustee of 145 Beach
Street Realty TR
PRICE/ADDRESS: $1,795,000; 145 Beach St.,
Cohasset
MORTGAGE: $1,000,000 from Sovereign Bank
NOTES: Single-family, built 1972; house size is
4,350 sf, lot size is 20,000 sf; three bedrooms
and 3.5 baths; last sold for $1,075,000 in June
2002; Declaration of Homestead
BUYER: Erica A. Recht and Marc A. Recht
SELLER: Joseph R. Lavelle and Kate S. Lavelle
PRICE/ADDRESS: $1,675,000; 54 Suffolk
Rd., Lot 302, Wellesley
MORTGAGE: $1,100,000 from ING Bank FSB
continued on page 9
August 5, 2010 THE REAL REPORTER 9

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010

continued from page 8

NOTES: Single-family, built 1953; house size is
5,450 sf, lot size is 20,625 sf; four bedrooms
and 4.5 baths; last sold for $1,675,000 in Oct.
2006; Declaration of Homestead

BUYER: Caroline Goria and Vincent J. Goria

SELLER: Katalin M. Simon and Michael K. Simon
PRICE/ADDRESS: $1,550,000; 6 Aristotle Dr.,
Winchester
MORTGAGE: $1,240,000 from RBS Citizens
NOTES: Single-family Colonial, built 2003; house
size is 6,275 sf, lot size is 20,850 sf; six bed-
rooms and 4.5 baths; last sold for $1,795,000 in
Sept. 2004; Declaration of Homestead

BUYER: Christina R. Joseph and Jonathan P. Joseph

SELLER: Joan M. Zaiger and Ronald S. Zaiger
PRICE/ADDRESS: $1,550,000; 16 Fair Oaks
Pk., Lot 3, Needham
MORTGAGE: $1,162,500 from Rockland
Trust Co.
NOTES: Single-family Colonial, built 2005;
house size is 4,600 sf, lot size is 14,000 sf;
four bedrooms and three baths; last sold for
$1,580,000 in Oct. 2005; Declaration of
Homestead
BUYER: Moon Owl Realty
SELLER: Eliot E. Macy, trustee of Osprey
Realty TR and Carolyn W. Spengler and
Alexandra West, Executrixes under the Will of
Isabel West
PRICE/ADDRESS: $1,525,000; 448 Herring
Creek Rd., Tisbury
NOTES: Single-family, built 1832; house size is
1,925 sf, lot size is 1.8 acres; two bedrooms
and two baths; seller’s ownership dates to May
1970
BUYER: Tara J. Hamilton and Gregory A. Miller
SELLER: Kristin Rushmore and Stephen
Rushmore
PRICE/ADDRESS: $1,500,000; 61 Emerson
Rd., Winchester
MORTGAGE: $1,200,000 from Boston
Private Bank & Trust Co.
NOTES: Single-family Colonial, built 2003;
house size is 5,300 sf, lot size is 20,025 sf;
four bedrooms and 4.5 baths; last sold for
$1,600,000 in Nov. 2006; Declaration of
Homestead
MORTGAGE: $1,485,000 from Pentagon
Federal Credit Union
ADDRESS: 120 Plain Rd., Wayland
BORROWER: Laura A. Malnight and Richard J.
Malnight
NE Moves Mortgage has provided $834,375 in financing to Alison Chang and Albert Kwak to enable
their purchase of 122 Grant St. in Lexington. The new single-family Colonial features 4,200 sf with four
bedrooms and 4.5 baths and sits on a quarter-acre lot close to Massachusetts Avenue. The seller is 122
Grant Street LLC, an entity managed by Christopher R. Thornton of Danvers.
BUYER: Jonathan Lipnick, Jeffrey Jonas MORTGAGE: $1,108,000 from Boston
Scheuer and Marjorie P. Scheuer, trustees of Private Bank & Trust Co.
the Trust for the Primary Benefit of Jeffrey NOTES: Residential unit in mid-rise Beacon
Jonas Scheuer Hill condominium; unit size is 2,275 sf; two
SELLER: Carly Look, Samantha Look and bedrooms and 2.5 baths; unit last sold for
Kristian S. Strom $975,000 in April 2001; Declaration of
PRICE/ADDRESS: $1,425,000; 61 Road to Homestead
Great Neck, West Tisbury
MORTGAGE: $910,000 from JPMorgan BUYER: Hong Guo and Yanlong Zhang
Chase Bank NA SELLER: Kimberly Karofsky
NOTES: Single-family, built 1982; house size is PRICE/ADDRESS: $1,350,000; 7 MacArthur
1,800 sf, lot size is 21 acres; three bedrooms and Rd., Lot 14, Wellesley
1.5 baths; last sold for $1,685,000 in June 2006 MORTGAGE: $800,000 from ING Bank FSB
NOTES: Single-family Colonial, built 2005;
BUYER: Bernadette Geis and Charles Geis house size is 4,525 sf, lot size is 9,000 sf; six
SELLER: DKL Realty Investment LLC bedrooms and 4.5 baths; last sold for
PRICE/ADDRESS: $1,415,000; 41 Fellsmere $1,525,000 in March 2005
Rd., Newton
MORTGAGE: $990,000 from Sovereign Bank BUYER: Geneen Stuart and Oris Stuart*
NOTES: Single-family Colonial, built 1927; SELLER: Juel L. Rubin and Paul D. Rubin
house size is 3,800 sf, lot size is 8,000 sf; five PRICE/ADDRESS: $1,300,000; 37 Greystone
bedrooms and 3.5 baths; last sold for Ln., Lot 158, Sudbury
$900,000 in Dec. 2009 MORTGAGE: $1,000,000 from Webster Bank
NA
BUYER: Leanne Chase and Laurence Sax NOTES: Single-family Colonial, built 1997;
SELLER: Charles A. Brown III and Kathryn I. house size is 5,900 sf, lot size is one acre; four
Brown and Chestnut Place Condominium bedrooms and 5.5 baths; seller’s ownership in
PRICE/ADDRESS: $1,385,000; 142 Chestnut property dates to Sept. 1961
St., Unit-1, Boston
continued on page 10
10 THE REAL REPORTER August 5, 2010

Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010

continued from page 9

BUYER: Diane E. Grogan and Joseph P. Grogan
SELLER: Michael E. Lynch and Sandra M.
Lynch, trustees of Mul & SML Realty TR
PRICE/ADDRESS: $1,150,000; 90 Forbes Rd.,
Milton
MORTGAGE: $417,000 from Bank of America NA
NOTES: Single-family, built 1858; house size is
1,925 sf, lot size is 41,000 sf; three bedrooms
and 1.5 baths; last sold for $225,000 in Aug.
1996; Declaration of Homestead

BUYER: John J. Starvish, trustee of Peloton Realty TR

SELLER: Stefan P. Filipowski and Barbara
Phillips, a/k/a Barbara Philips, Co-Executors of
the Estate of Richard E. Filipowski
PRICE/ADDRESS: $1,150,000; 10 Round Hill
Rd., Lexington
MORTGAGE: $1,500,000 from John J.
Starvish and Shelley Vanderweil
NOTES: Single-family Colonial, built 1900;
house size is 2,825 sf, lot size is 1.6 acres; five
bedrooms and four baths; seller’s family own-
ership in property dates to Aug. 1962
BUYER: Sheryl F. Adler and William R. Adler
SELLER: Erica B.A. Recht and Marc A. Recht
PRICE/ADDRESS: $1,150,000; 81 University
Rd., Lot A, Brookline
MORTGAGE: $383,000 and $417,000 from
Boston Private Bank & Trust Co.
NOTES: Single-family, built 1997; house size is
2,475 sf, lot size is; four bedrooms, three baths
and two half-baths; last sold for $870,000 in
Aug. 2003; Declaration of Homestead
MORTGAGE: $1,150,000 from Northstar
Mortgage Corp.
ADDRESS: 74 Richard Rd., Lot 55, Needham
BORROWER: Stanislava Portnoy and Gary Potagal
BUYER: Laurie Haig and Scott Haig
SELLER: Kyung-Ae Kim Hahn and Steve Syng-
Hi Hahn
PRICE/ADDRESS: $1,121,000; 7 Trinity Ct.,
Lot 185A, Wellesley
MORTGAGE: $896,800 from Monument
Mortgage
NOTES: Single-family Colonial, built 1964;
house size is 2,400 sf, lot size is 20,875 sf; four
bedrooms and 2.5 baths; last sold for $165,500
in Dec. 1979; Declaration of Homestead
BUYER: Matthew Stevens and Tara L. Stevens
SELLER: Bradley J. Braufman
PRICE/ADDRESS: $1,100,000; 2160
Massachusetts Ave., Unit-2160, Lexington
MORTGAGE: $300,000 from Capstone
Mortgage and $523,750 from MSA Mortgage
A single-family, 4,850-sf property situated on 3.3 acres at 6 Preservation Way in Medfield has been
acquired for $1,197,500 by Barbara A. Martino and Michael A. Martino. Sellers Gary Foster and Patricia
Foster had owned the 15-year-old property since paying $765,000 in May 1997. The Martinos secured
financing of $375,000 from Cabot Corp. and $523,750 from Wells Fargo Bank.
NOTES: Residential unit in converted single-
family property; unit size is 3,750 sf, lot size is
5,000 sf; six bedrooms and 2.5 baths; unit last
sold for $1,217,000 in June 2000
BUYER: Geeta Aiyer and Kamesh Aiyer
SELLER: Jon M. Biotti and Leslie A. Jeng
PRICE/ADDRESS: $1,075,500; 11 Magazine
St., Unit-11B, Cambridge
NOTES: Single-family Victorian, built 1843; house
size is 5,300 sf, lot size is 3,675 sf; seven bed-
rooms and 6.5 baths; Declaration of Homestead
BUYER: Melissa A. Warneck
SELLER: Christopher J. Ellmore and Kathleen
M. Ellmore
PRICE/ADDRESS: $1,062,500; 30 Fairlawn
Ln., Lexington
MORTGAGE: $796,895 from CitiMortgage
NOTES: Single-family Cape, built 1955; house size
is 4,250 sf, lot size is one acre; five bedrooms and
3.5 baths; last sold for $730,000 in April 2006
BUYER: Bethany G. Colavincenzo and John P.
Colavincenzo
SELLER: Christopher Casgar and Kirstin K. Casgar
PRICE/ADDRESS: $1,050,000; 40 Cleveland
Rd., Wellesley
NOTES: Single-family Colonial; house size is
2,800 sf, lot size is 10,025 sf; four bedrooms
and 2.5 baths; last sold for $1,023,650 in
Aug. 2005; Declaration of Homestead
BUYER: Sumita Manwani and Vijay Manwani
SELLER: Anne L. Thomas and Robert H. Thomas
PRICE/ADDRESS: $1,025,000; 28 Burroughs
Rd., Lexington
NOTES: Single-family, built 1952; house size is
1,925 sf, lot size is 30,000 sf; three bedrooms and
2.5 baths; seller’s ownership dates to Aug. 1972
BUYER: Trina Realmuto and Kevin Smith
SELLER: Carolyn T. Spencer and Lindo T.
Spencer
PRICE/ADDRESS: $1,015,000; 151
Longwood Ave., Unit-1, Brookline
MORTGAGE: $790,000 from CitiMortgage
NOTES: Single-family brick Row house; unit
size is 1,450 sf; four bedrooms and two baths;
unit last sold for $850,000 in July 2008
BUYER: Joan M. Zaiger and Ronald S. Zaiger
SELLER: Catherine M. McCarthy and John F.
McCarthy
PRICE/ADDRESS: $1,012,500; 267 Marked
Tree Rd., Lot 1G, Needham
MORTGAGE: $500,000 from Franklin
American Mortgage
NOTES: Single-family Colonial, built 2007;
house size is 3,225 sf, lot size is 9,000 sf; four
bedrooms and 2.5 baths; last sold for
$1,100,000 in June 2007; Declaration of
Homestead
continued on page 11
August 5, 2010
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
continued from page 10
MORTGAGE: $1,000,000 from Needham Bank
ADDRESS: 42 College Rd., Natick
BORROWER: Angela M. Snyder and John D.
Snyder
J U LY 2 9 T H
BUYER: David T. Carson, trustee of Ranger
Nominee Realty TR
SELLER: William T. English
PRICE/ADDRESS: $3,575,000; 70 Brimmer
St., Unit-238, and 81 Chestnut St., Boston
NOTES: 70 Brimmer St., Unit-238 sold for
$200,000 in March 207; property a parking
spot; price paid for parking spot $225,000;
space last sold for $200,000 in March 2007;
81 Chestnut St. last sold for $2,900,000 in
March 2007; lot size is 1,500 sf
BUYER: Barton F. Graf Jr. and Kristine M. Graf*
SELLER: Karen B. Watson and Stuart H. Watson
PRICE/ADDRESS: $2,650,000; 3 Abbott Rd.,
Lexington
MORTGAGE: $1,590,000 from ING Bank
NOTES: Single-family Colonial, built 1910;
house size is 6.800 sf, lot size is 30,000 sf;
five bedrooms, three baths and three half-
baths; last sold for $2,250,000 in June 2005;
Declaration of Homestead
BUYER: Safi Kalo
SELLER: Janet S. Davie and Joseph M. Davie
PRICE/ADDRESS: $2,031,250; 75-83
Cambridge Pkwy., Unit-W709, Cambridge
NOTES: Residential unit in high-rise condo-
minium property; unit size is 2,000 sf; two
bedrooms and two baths; unit last sold for
$1,850,000 in Feb. 2007; purchase includes
two parking spaces
BUYER: Meirav Zaks-Zilberman and Tal Zaks
SELLER: James R. McCall and Joan M. Muros
PRICE/ADDRESS: $1,735,000; 122 Bellevue
St., Newton
MORTGAGE: $1,388,000 from Wells Fargo Bank
NOTES: Single-family Tudor, built 1935; house
size is 4,825 sf, lot size is 18,950 sf; four bed-
rooms and 4.5 baths; last sold for $621,000 in
Aug. 1994; Declaration of Homestead
BUYER: Daniel Lima Jr. and Sanja Percac-Lima
SELLER: Jonathan H. Herlihy
PRICE/ADDRESS: $1,500,000; 34 Harvard
St., Charlestown
MORTGAGE: $1,125,000 from TD Bank NA
NOTES: Two-family brick Row house; living
space is 3,275 sf, lot size is 1,300 sf; last sold
for $360,000 in April 1994 via foreclosure deed
THE REAL REPORTER
BUYER: Desmond A. Havlicek and Jennifer R.
Havlicek
SELLER: Sara C. Tague, trustee of Tague
Cohasset Realty TR
PRICE/ADDRESS: $1,425,000; 101 Atlantic
Ave., Cohasset
MORTGAGE: $375,000 from USAlliance
Federal Credit Union and $523,750 from
Mortgage Network
NOTES: Single-family, built 1950; house size is
3,175 sf, lot size is 20,000 sf; six bedrooms
and 2.5 baths; sellers acquired property for
$82,000 in June 1976
BUYER: Elizabeth C. Nassikas and Lewis A.
Nassikas Jr.
SELLER: Joan Glass Morgan and Judy Glass,
a/k/a Judy Glass Shanes, trustees of 61
Sheffield Road Nominee TR
PRICE/ADDRESS: $1,300,000; 61 Sheffield
Rd., Newton
MORTGAGE: $76,250 and $523,750 from
Wells Fargo Bank
NOTES: Single-family Tudor, built 1929; house
size is 3,200 sf, lot size is 32,250 sf; three bed-
rooms and 3.5 baths; seller’s family ownership
dates to June 1967
BUYER: Tina A. Cassidy and Anthony E. Flint
SELLER: Paul R. Gauron, Executor of the
Estate of Anastasia S. Davis
PRICE/ADDRESS: $1,235,200; 254 Walnut
St., Brookline
MORTGAGE: $1,175,625 from Brookline
Bank
NOTES: Single-family, built 1890; house size is
3,325 sf, lot size is 3,450 sf; six bedrooms and
2.5 baths; seller’s family ownership dates to
June 1939
BUYER: Ivana Magovcevic-Liebisch
SELLER: Henry D. Vara III
PRICE/ADDRESS: $1,171,000; 208 Collins
Rd., Lots 6A and 7, Newton
MORTGAGE: $117,000 and $877,500 from
U.S. Bank Home Mortgage
NOTES: Single-family Tudor, built 1932; house
size is 3,600, lot size is 19,200 sf; six bed-
rooms and 3.5 baths; last sold for $837,500 in
Nov. 2002; Declaration of Homestead
BUYER: PRM LLC
SELLER: Barbara M. Mix, trustee of 18
Muzzey Street Realty TR
PRICE/ADDRESS: $1,140,000; 18 Muzzey
St., Lexington
NOTES: Two-story office building, constructed
1900; building size is 4,775 sf, lot size is
12,250 sf; last sold for $635,000 in Dec. 1992
11
BUYER: Alison Chang and Albert Kwok*
SELLER: 122 Grant Street LLC
PRICE/ADDRESS: $1,112,500; 122 Grant St.,
Lexington
MORTGAGE: $834,375 from NE Moves
Mortgage
NOTES: Single-family Colonial, built 2010;
house size is 4,200 sf, lot size is 10,950 sf;
four bedrooms and 4.5 baths; property last
sold for $400,000 in Sept. 2009; Declaration
of Homestead
BUYER: Barbara A. Martino and Michael A.
Martino
SELLER: Gary F. Foster and Patricia M. Foster
PRICE/ADDRESS: $1,197,500; 6 Preservation
Way, Lot 8, Medfield
MORTGAGE: $325,000 from Cabot Corp.
and $523,750 from Wells Fargo Bank
NOTES: Single-family European Manor style,
built 1995; house size is 4,850 sf, lot size is
3.3 acres; five bedrooms and 5.5 baths; last
sold for $765,000 in May 1997; Declaration of
Homestead
BUYER: Christopher Malloy and Molly Malloy
SELLER: Adam C. Erickson, a/k/a Adam Erikson
PRICE/ADDRESS: $1,190,000; 40
Cedarwood Rd., Jamaica Plain
MORTGAGE: $242,500 from Wells Fargo
Bank NA
NOTES: Single-family Colonial; house size is
2,875 sf, lot size is 8,750 sf; four bedrooms,
three baths and two half-baths; last sold for
$579,000 in May 2000; Declaration of
Homestead
MORTGAGE: $1,000,000 from BNY Mellon NA
ADDRESS: 156 Orange St., Lot 1, Nantucket
BORROWER: Louise Goldberg
J U LY 2 8 T H
BUYER: Bryan Kevin Meehan and Tara Corina
Meehan, trustees of Staderas TR
SELLER: Susan L. Baker and Michael R. Lynch
PRICE/ADDRESS: $7,250,000; 1039 Main
St., Tisbury
NOTES: Single-family, built 1910; house size is
4,325 sf, lot size is 21,750 sf; seven bedrooms,
four baths and two half-baths; last sold for
$1,900,000 in Dec. 1994
MORTGAGE: $4,500,000 from Boston
Private Bank & Trust Co.
ADDRESS: 40 Low Beach Rd., Lots 7, 23 and
34, Nantucket
BORROWER: George A. Cloutier
continued on page 12
12
Residential Deals
MILLION DOLLAR MORTGAGES/SALES JULY 27 - AUG. 2, 2010
continued from page 11
BUYER: John T. Hodgkins and Victoria G. Hodgkins
SELLER: Dolly H. Denyse and Mark W. Denyse
PRICE/ADDRESS: $2,500,000; 120 Pembroke
St., Boston
MORTGAGE: $500,000 from Bank of
America NA
NOTES: Two-family brick Row house; living
space is 4,500 sf, lot size is 1,500 sf; last sold
for $2,523,900 in Oct. 2007
MORTGAGE: $1,863,000 from JPMorgan
Chase Bank
ADDRESS: 328 Clapboardtree St., Westwood
BORROWER: David D. Ayles and Honoria C.
Ayles
MORTGAGE: $1,400,000 from BNY Mellon
ADDRESS: 40 Rochester Rd., Newton
BORROWER: Alfred W. Sandrock Jr.
BUYER: Kim L. Whittemore and William E.
Whittemore
SELLER: Lot 7 Real Estate LLC
PRICE/ADDRESS: $1,395,000; 2 Stratford
Ter., Lot 7, Cohasset
NOTES: Single-story Dutch Gambrel, built
2007; house size is 4,775 sf, lot size is 41,000
sf; four bedrooms and 3.5 baths; property last
sold for $575,000 in July 2007
MORTGAGE: $1,200,000 from Brookline Bank
ADDRESS: 250 Boylston St., Unit-3B, Boston
BORROWER: C. Susan Shief
BUYER: Richard Briansky and Sharon Briansky
SELLER: Andrew Pearce and Sayuri Pearce
PRICE/ADDRESS: $1,195,000; 24 Kodaya
Rd., Newton
MORTGAGE: $523,750 from Cambridge
Mortgage Group
NOTES: Single-family Tudor, built 1935; house
size is 4,075 sf, lot size is 11,175 sf; five bed-
rooms and 3.5 baths; last sold for $610,000 in
Aug. 1999; Declaration of Homestead
BUYER: Giles F. Whalen and Lynn B. Whalen
SELLER: Anthony D. Prigmore and Julie A.
Prigmore
PRICE/ADDRESS: $1,160,000; 21 Winwood
Rd., Sutton
MORTGAGE: $417,000 from Bank of
Canton
NOTES: Single-family; house size is 5,100 sf,
lot size is 3.4 acres; five bedrooms and 3.5
baths; last sold for $631,500 in July 1996;
Declaration of Homestead
FEEDBACK TO: EDITOR@THEREALREPORTER.COM
THE REAL REPORTER
BUYER: Tara Ashe and Thomas Ashe
SELLER: Anne S. Wilkerson and Bret R.
Wilkerson
PRICE/ADDRESS: $1,150,000; 17 Richland
Rd., Lot 84, Wellesley
MORTGAGE: $805,000 from ING Bank FSB
NOTES: Single-family; house size is 2,625 sf,
lot size is 10,150 sf; four bedrooms and 2.5
baths; last sold for $950,000 in May 2005;
Declaration of Homestead
MORTGAGE: $1,095,000 from Leader Bank
ADDRESS: 26 Cerulean Way, Weston
BORROWER: Wayne L. Stoner
J U LY 2 7 T H
BUYER: Sarasina Sulijoadikusumo and Michael
Tuchen
SELLER: Carlton Cabot
PRICE/ADDRESS: $3,750,000; 126
Woodland Rd., Lot 2A, Brookline
MORTGAGE: $1,500,000 from First
Excelsior Corp.
NOTES: Single-family Colonial, built 2004;
house size is 8,475 sf, lot size is one acre; six
bedrooms, six baths and two half-baths; last
sold for $5,500,000 in June 2006; Declaration
of Homestead
MORTGAGE: $2,700,000 from
Commonwealth Cooperative Bank
ADDRESS: 9 Claridge Rd., Weston
BORROWER: John D. Meola Jr.
BUYER: Harris G. Komishane and Lauren O.
Komishane
SELLER: Rollin H. Teare and Keybank NA, co-
trustees of the Suzanne E. Teare TR
PRICE/ADDRESS: $2,250,000; 5 Eaglehead
Rd., Manchester-by-the-Sea
MORTGAGE: $500,000 from Prospect
Mortgage
NOTES: Single-family, built 2004; house size is
2,500 sf, lot size is 23,475 sf; four bedrooms and
four baths; buyers sold 87 Pine St. in Manchester-
by-the-Sea on July 15th for $775,000
BUYER: Edmund Chang and Susan Sylligardos
SELLER: Thomas J. Lynch and Laura M. Pappano
PRICE/ADDRESS: $1,605,000; 131 Prince St.,
Newton
NOTES: Single-family Victorian, built 1895;
house size is 3,575 sf, lot size is 10,075 sf; six
bedrooms and 3.5 baths; last sold for
$440,000 in June 1993; Declaration of
Homestead
August 5, 2010
MORTGAGE: $1,490,000 from JPMorgan
Chase Bank
ADDRESS: 220 Ridgeway Rd., Weston
BORROWER: Alan M. Gardner Jr. and Laryn I.
Gardner
MORTGAGE: $1,400,000 from Sovereign
Bank
ADDRESS: 100 Belvidere St., Boston
BORROWER: Raymond W. Braun and Theresa
P. Braun, trustees of Theresa P. Braun
Revocable TR
MORTGAGE: $1,360,000* from Chicopee
Savings Bank
ADDRESS: 21 Stonegate Cir., Wilbraham
BORROWER: Amy L. Pollard and James H.
Pollard
NOTES: *Commercial mortgage for residential
property
MORTGAGE: $1,150,000 from Wellesley
Bank
ADDRESS: 38 Halsey Ave., Lot 85, Wellesley
BORROWER: Wellesley Building Associates
LLC
MORTGAGE: $1,077,622 from Bank of
America NA
ADDRESS: 32 Pine St., Lot 41, Wellesley
BORROWER: Christian H. Brennan and Dana
D. Brennan
BUYER: Fan Lu and Mark X. Yang
SELLER: Ronald P. Compagnone
PRICE/ADDRESS: $1,067,000; 107 Manor
Ave., Wellesley
MORTGAGE: $850,000 from Needham
Bank
NOTES: Single-family Colonial, built 2009;
house size is 3,650 sf, lot size is 22,450 sf;
four bedrooms, four baths and two half-baths;
last sold for $1,197,616 in June 2009
BUYER: Cynthia Margolis
SELLER: Irwin J. Rosenthal and Mary Sue
Rosenthal, trustees of 48 Wachusett Road
Realty TR
PRICE/ADDRESS: $1,042,600; 48 Wachusett
Rd., Newton
NOTES: Single-family Colonial, built 1907;
house size is 2,750 sf, lot size is 11,400 sf;
four bedrooms and 2.5 baths; seller’s family
ownership dates to July 1965; Declaration of
Homestead
August 5, 2010
Twenty Winthrop Sq.
continued from page 3
“We look forward to having (GEN3
Partners) here as our tenant and neigh-
bor,” says A.W. Perry AVP and property
manager Kerri Gallaway in a release
unveiling the five-year agreement. A.W.
Perry is also headquar-
tered in the building,
part of the firm’s exten-
sive portfolio of com-
mercial properties in
Greater Boston.
GEN3 Partners VP
Haydar Diab was equally
Kerri Gallaway
ebullient about the lease
commitment. “The building is well-suited
to our requirements and tastes,” says Diab,
adding that “A.W. Perry’s friendly and
hands-on approach to property manage-
ment also was a deciding factor to us.”
GEN3 Partners was represented in the
negotiations by Jones Lang LaSalle SVP
Thomas O’Regan. Leasing agents for A.W.
Perry were CBRE/New England Senior
Associate Jon Freni and principal Timothy
Lyne. Terms of the lease were not
revealed.
Commercial Deals
continued from page 6
BUYER: Legacy Huron LLC
SELLER: 11 Huron Drive LLC
PRICE/ADDRESS: $3,500,000; 7-11 Huron
Dr., Lot 257, Natick
MORTGAGE: $2,450,000 from Middlesex
Savings Bank
NOTES: Two-story office property; building size
is 30,000 sf; manager of 11 Huron Dr. LLC is
John R. Parsons Jr., manager of Legacy Huron
LLC is Michael L. Price
BUYER: 14 Needham Street LLC
SELLER: Gloria K. Raymond
PRICE/ADDRESS: $2,500,000; 14 Needham
St., Newton
MORTGAGE: $1,815,000 from Cambridge
Savings Bank
The Real Reporter
VOLUME 2, NUMBER 25
© 2010 The Real Reporter, Ten Post Office
Square, Boston MA 02109, 617-692-2997.
All rights reserved. No part of this publica-
tion may be reproduced without the written
consent of the publisher. The Real Reporter is
a trademark of Launch Pad Boston.
THE REAL REPORTER
CBRE/NE is now marketing a 3,000-sf
office suite next door at 85 Franklin St.,
which also has a Twenty Winthrop Sq.
business address. The remaining space in
the property is 3,800 sf of ground-floor
retail being listed by Schaffer & Associates
LLP.
The lease is also welcome news for
NOTES: Single-story retail property; building
size is 7,025 sf, lot size is 15,525 sf; last sold
for $400,000 in Dec. 1984
MORTGAGE: $2,500,000 from RBS Citizens
NA
ADDRESS: 21-45 Quint Ave., Allston
BORROWER: Anwar Faisal, trustee of Allston-
Brighton Non-Profit Management TR
MORTGAGE: $2,000,000 from KBS Debt
Holdings II LLC
ADDRESS: 370 West First St., Boston
BORROWER: Joel B. Bard, trustee of 370
West First Street Realty TR
MORTGAGE: $1,800,000 from Northern
Bank & Trust Co.
ADDRESS: 149 Littleton Rd., Westford
BORROWER: Alexander A. Argiros, trustee of
Westford 149 Realty Ventures Nominee TR
NOTES: Applebee’s Restaurant
J U LY 2 8 T H
MORTGAGE: $2,700,000 from South Shore
Savings Bank
ADDRESS: 140 Campanelli Dr., Lot 18A, Braintree
BORROWER: George H. Dean Co.
13
Photo: Derek Szabo
A.W. Perry given the difficulties faced in
Boston’s Financial District during the past
18 months. Office vacancy rates have
increased steadily, with Colliers Meredith
& Grew pegging the current rate at 18.4
percent after the inventory of 32.6 million
sf saw an alarming 1.4-million-sf of nega-
tive net absorption through mid-year. n
J U LY 2 7 T H
MORTGAGE: $5,200,000 from Westfield Bank
ADDRESS: 416, 434 and 989 Memorial Ave.;
and 161, 168 (a/k/a 12 Summer St.), 179,
183-185, 193-195, 197, 203 and 214 New
Bridge St., West Springfield
BORROWER: Cartelli Realty LLC
MORTGAGE: $1,658,000 from Hingham
Institution for Savings
ADDRESS: 89 Pearl St., Braintree
BORROWER: William F. Frazier, trustee of
Sunset Realty TR
MORTGAGE: $1,500,000 from Rockland
Trust Co.
ADDRESS: 29-33 Newbury St., Boston
BORROWER: Donald L. Saunders, trustee of
29-33 Newbury Street Trust 1988
MORTGAGE: $1,360,000 from Chicopee
Savings Bank
ADDRESS: 136 Wayside Ave., West Springfield
BORROWER: James H. Pollard, trustee of
Carter-McLeod Realty Co. LLC
MORTGAGE: $1,111,366 from Sovereign Bank
ADDRESS: 66 Pacella Park Dr., Randolph
BORROWER: Mark S. Lank, trustee of Lank
Family Realty TR
14 THE REAL REPORTER August 5, 2010

Massachusetts Corporations
Corporation
Trinity One Canal LLC
1561 Cold Spring Road
Operating Company LLC
Casentini Inc.
492 Mass Ave LLC
The Theodore Leonard House LLC
Sentry II Realty LLC
Mayflower Advisors -- West LLC
78 East Plain Street LLC
Beacon Dental Realty LLC
Bayberry Realty LLC
Niles Pond Conservancy LLC
Hillhead Advisors LLC
Borange Excursions LLC
AC Dartmouth Holdings Inc.
WibGe LLC
Bay State Building Systems Inc.
Lincoln Court LLC
Oakland Heights LLC
Integrated Facilities Group Inc.
Causeway Properties LLC
Sundune Property LLC
East Ridge LLC
JMALP LLC
Maric 37 LLC
Ayerz Investment LLC
2711 Allen Road LLC
M.T. Realty Development Corp.
Offmic Y.K.
442 Lincoln Avenue LLC
CSP Equity Partners 80 LLC
CSP Equity Partners 79 LLC
CSP Equity Partners 78 LLC
Kearney Hewett LLC
Red Mortgage Capital LLC
Ninigret Capital LLC
Mall at Auburn LLC
Organized July 27 - Aug. 2, 2010
Directors/Registered Agents
James G. Keefe, president
Kevin P. Breslin and A. Alberto Lugo Esq., managers
Stephen Casentini, president, treasurer and secretary
Sanjeev Kakar, manager; Meredith C. Desharnais Esq.,
resident agent
Corinne A. Fitzgerald, manager
Joseph Crespi and Richard Crespi, managers
Steven Dimitriou, manager
Devens H. Hamlen, manager
Tao Shen and Lihua Zhang, managers
Cami L. Calkins and Patrick W. Calkins, managers
Robert Ackerman and Robert Elwell, managers
Tony Campbell, manager; Ronald N. Braunstein, resident agent C/o Riemre & Braunstein LLC @ 3 Center Plaza, Boston MA 02108
David R. Blouin, manager
Timothy Edward Cloe, president, treasurer and secretary
Michael G. Heffernan, manager
John H. Gauthier Jr., manager
John T. Haffey and L. Richard Leclair III, managers
David Lamattina, managers
Rick Magliozzi, president, treasurer and secretary;
John M. Curran, registered agent
Joseph E. Locke, manager
Patricia M. Dolyak, Judith M. Morris and
Michael Z. Reed, managers
William F. Hurley, manager; Karen A. Underhill Esq.,
resident agent
Glen Cammarano, Neal Cammarano and
Dale Sinesi, managers
Mark H. Rubin, manager; Ira Deitsch, resident agent
Shaffina Dhume and Shirish Dhume, managers
David Edelman, manager
Michael Touchette, president, treasurer and secretary
Miiko Ono, Satoko Ono and Yoshihiro Ono, directors
Brian M. D'Amico, manager
Gene T. Barton Jr., Peter Malone & Brad M. Meslin, managers 125 High St., Boston MA 02110
Gene T. Barton Jr., Peter Malone & Brad M. Meslin, managers 125 High St., Boston MA 02110
Gene T. Barton Jr., Peter Malone & Brad M. Meslin, managers 125 High St., Boston MA 02110
Therman O. Hewett, Josphine A. Kearney and
Kenneth P. Kearney, managers
Michael E. Cousins, manager
Jason Krantz and Scott A. Stokes, signatories
James M. Barkley, signatory
Address Nature of Business
40 Court St., Ste. 800, Boston MA 02108 Real estate and interests therein
Principal office c/o DES Senior Care Holdings LLC @ Obtain real property
173 Bridge Plaza North, Fort Lee, NJ 07024
11 Waverly Ave., Newton MA 02458 Architecture
Kakar @ 15 1st St. SE, #1505, Rochester MN 55904; Desharnais
c/o Curran & Desharnais PC @ 11 Front St., Weymouth MA 02188 Acquire, hold, lease, mortgage & sell RE
116 Federal St., Greenfield MA 01301 Buying, leasing, owning, managing & selling RE
Joseph @ 5 Bay Meadow Rd., Berkeley MA 02779; Deal with real estate
Richard @ 41 Taunton Green, Taunton MA 02780
100 Franklin St., 7th floor, Boston MA 02110 Acquire, administer, develop, finance, lease
and sell real property
C/o Hamlen & Co. @ 54 Canal St., Boston MA 02114 Leasing, managing and owning real estate
1842 Beacon St., Brookline MA 02445 Interests in real estate
Cami@ 16 Winthrop St., Provincetown MA 02657; Lease, manage and own real estate
Patrick @ 404 Picasso Dr., Nokomis FL 34275
Ackerman @ 27 Edgemoor Rd., Gloucester MA 01930; Conservancy of Niles Pond in Gloucester
Elwell @ 24 St. Louis Ave., Gloucester MA 01930
Business consulting, including real estate
C/o Blouin & Co. @ University Office Park @ 51 Sawyer Rd., Deal in real property
#310, Waltham MA 02453
580 Old River Rd., Dartmouth MA 02747 Management company
14 Robin Rd., Norfolk MA 02056 Comm. real prop. investment & management
55 Hemlock St. Braintree MA 02184 General contracting
Haffey @ 58 Park St., Framingham MA 01702; Leclair @ Real estate contractors and developers
707 Main St., Waltham MA 02451
35 Pleasant St., Wakefield MA 01880 Deal in RE at 38-42 Oakland Ave., Methuen MA
Magliozzi @ 92 High St., Ste. 23, Medford MA 02155; Curran @ Construction and renovations to technical
1 Washington Mall, Boston MA 02108 facilities
Principal office @ 18 Broadway Cir., Lynn MA 01904; Interests in real estate
Locke @ 121 Piedmont St., Lynn MA 01904
55 Irving St., Somerville MA 02144 Real estate
Hurley @ 11 Victoria Dr., Hampton Falls NH 03844; Underhill @ Real estate investment
3 Main St., Unit-29, Main Street Mercantile, North Easton MA 02651
557 Highland Ave., Needham Heights MA 02194 Own commercial real estate
Rubin @ 197 First Ave., Ste. 300, Needham MA 02494; Deal with real estate
Deitsch @ 800 Boylston St., Boston MA 02199
45 Philson Ct., Cheshire CT 06410 Real estate
816 Commonwealth Ave., Newton MA 02469 Deal in real property
7 Ramsdell Way, Lynnfield MA 01940 Construction and real estate
5-1-1-2004 Nyoidani, Minoo City, Osaka Japan FF; Satoko Ono @ 21 Beacon St., Unit-7B, Boston Real estate investing
98 High St., Danvers MA 01923 Real estate
Investments, including real estate
Investments, including real estate
Investments, including real estate
Principal office @ 38 Andrew Dr., Pembroke MA 02359 Dealing with interests in real estate
Principal office @ 2 Miranova Pl., 12th floor, Columbus OH 43215; Commercial real estate activities
Counsins @ 1717 Main St., Ste. 900, Dallas TX 75201
Principal office @ 176 Federal St., Boston MA 02110 Investments, including real estate
C/o Mayflower Realty @ 225 W. Washington St., PO Box 7033, Real estate
Indianapolis IN 46207
continued on page 15
August 5, 2010 THE REAL REPORTER 15

Massachusetts Corporations
Corporation
East Coast General Services LLC
Alvarado Street Properties LLC
162 Plainville So. Street LLC
Samuels & Associates Hingham
Intermediate LLC
Sequoia Golf CRG Management LLC
Joshua Jade LLC
Wharf District Council Inc.
New Boston Ventures -- Northampton LLC David L. Goldman and Dennis R. Kanin, managers;
Richard S. Levin Esq., resident agent
Mugar Fenway LLC
Pandb LLC
Project 189 LLC
Normandy Advisors LLC
GUTS Realty LLC
Lynn Currier LLC
68 Hamilton LLC
SRG Engineering Inc.
8 Rice Rd. LLC
Claflin Street LLC
Rockhill Sandwich LLC
Shafer Green Construction and
Consulting LLC
Cullen Custom Homes LLC
Kovalski Properties LLC
Eagle-Eye Properties LLC
A Greener Box Boston LLC
SG Seafood Holdings Inc.
SG Realty Massachusetts LLC
CJ Condo LLC
Beckman Design LLC
Vickery Investments LLC
30-32 Hamilton Street LLC
Lafayette Park Investment LLC
KECC LLC
Brickmarden LLC
96Glendale LLC
Organized July 27 - Aug. 2, 2010
Directors/Registered Agents
Christopher D. Kane, mgr; Thomas N. Wilson, resident agent Kane @ PO Box 483, Holyoke MA 01041; Wilson @
98 Lower Westfield Rd., Holyoke MA 01040
Lawrence B. Wood, manager
Delbert A. Brown and Maxine C. Brown, managers
Thomas Bloch, Roger Daprato, Steven B. Samuels and
Joel Sklar, managers
Kipp D. Orme and Mitch Phillips, managers
Joshua Jade and Sheena Lawrence, managers
Justin Wyner, president; Christopher Fincham, treasurer;
Samuel Mintz, clerk
David T. Ting, manager
Bhavana Upadhyaya and Paresh Upadhyaya, managers;
Joseph T. Rubenstein Esq., resident agent
Thomas M. O'Connor and Charles F. Walsh Jr., managers;
Joseph M. Klements, resident agent
Bruce MacRae and Edward Patton, managers;
Charles A. Wry Jr., resident agent
Richard H. Turner, manager
Lynn A. Currier, manager
Steven G. Direda, manager; Joseph R. Jenkins, resident agent Direda @ 100 South Quinsigamond Ave., Shrewsbury MA 01545;
Steven K. Grant, president; Leni C. Grant, treasurer
Gregory Adams, manager
Deborah Klock, manager
Steven J. Agostinelli, manager; Philip Michael Boudreau,
resident agent
Joseph R. Shafer, manager
James G. Cullen and Eugene Vitale, managers
Avi Kovalski and Liri Kovalski, managers
Cynthia A. Lafave and David A. Lafave, managers
Neill Barger and Matthew Hyde, managers
Kimberly Gorton, president; Michael C. Gorton, treasurer;
Nataniel M. Gorton, secretary
Kimberly Gorton, president; Michael C. Gorton, treasurer;
Nataniel M. Gorton, secretary
Mark Moskowitz, manager
Dawn Beckman, manager
D. Jason Vickery, manager; William Gosz Esq., resident agent Vickery @ 255 Western Promenade, Portland ME 04102;
Gregory T. Antonelli, manager
Rick Costa and Jamie Russo, managers
Jane Crowley, manager
David Brickman and Peter Marden, managers
Edward J. Thomas, manager
Address Nature of Business
Construction
29 Dias Dorados, Orinda CA 94563 Commercial real estate
47 Brook St., North Attleborough MA 02760 Acquire, develop, lease, mortgage and
sell real property
333 Newbury St., Boston MA 02115 Deal with real estate
C/o Sequoia Golf Management LLC @ 924 Shaw Rd., Sharpaburg GA Golf club owner and operator
Jade @ 56 Conant St., Lincoln MA 01773; Lawrence @ Construction services
2250 Hickory Rd., Ste. 450, Plymouth Meeting PA 19462
Wyner @ 20 Rowes Wharf, Boston MA 02110 Non-profit promoting social welfare
improvements and issues of planning and
development in Boston's Wharf District
Principal office @ 540 Tremont St., Boston MA 02116; Levin c/o
Cumsky & Levin LLP @ 6 University Rd., Cambridge MA 02138 Commercial and residential real estate
C/o Mugar Enterprises @ 222 Berkeley St., Boston MA 02116 Deal with real estate
Principal office @ 235 West 56th St., #18B, NYC 10019; Rubenstein c/o Real estate
Marsh, Moriarty, Ontell & Golder PC @ 18 Tremont St., Ste. 900, Boston MA
Principal office @ 189 Reservoir St., Needham MA 02494; Hold and manage real estate
Klements @ 3 Cabot Pl., Stoughton MA 02072
Principal office @ 175 Bear Hill Rd., Waltham MA 02451;
Wry @ 1601 Trapelo Rd., Ste. 205, Waltham MA 02451 Investments, including real estate
30 Crescent Ave., Beverly MA 01915 Real estate
108 High St., Randolph MA 02368 Real estate development, investment
and ownership
Dealing with interests in real estate
Jenkins @ 116 Flanders Rd., Ste. 1100, Westborough MA 01581
52 Blueberry Ln., Gray ME 04039 Structural engineering
3 Florida Ct., #3, Maynard MA 01754 Real estate
51 Summer St., Rowley MA 01969 Deal with real estate
Agostinelli @ 1720 J&C Blvd., Ste. 6, Naples FL 34109; Real estate development and investment
Boudreau @ 396 North St., Hyannis MA 02601
55 Sewall Ave., #5, Brookline MA 02446 Real estate consulting and building
Cullen @ 26 Dover Dr., Walpole MA 02081; Real estate construction
Vitale @ 9 Zions Pl., Plymouth MA 02360
1079 Commonwealth Ave., #207, Boston MA 02115 Real estate
110 Dracut St., Methuen MA 01844 Real estate
171 Franklin St., Arlington MA 02474 Buy, develop, lease, own & sell real property
225 Southampton St., Boston MA 02210 Fishing industry and securing real estate to
support that business
225 Southampton St., Boston MA 02210 Deal with real property
50 W. 17th St., NYC 10011 Condominium ownership
23A Warren Ave., Boston MA 02116 Design services and real estate acquisition,
leasing and sales
Acquire, develop, lease, maintain and sell
Gosz @ 130 Bishop Allen Dr., 2nd floor, Cambridge MA 02139 real estate
140 Tremont St., Everett MA 02149 Dealing with interests in real estate
Principal office c/o New Boston Capital Corp. @ Deal with real estate
111 Everett Ave., 2nd floor, Chelsea MA 02150
155 Cliff Rd., Wellesley MA 02181 Dealing with interests in real estate
Principal office @ 3222 Taylor Pond Ln., Bedford MA 01730 Real estate development, investment and
ownership
209 West Central St., Ste. 208, Natick MA 01760 Real estate acquisition and development
16
254 Second Ave.
continued from page 1
building for $9 million.
“We are acquiring it,” Rubin acknowl-
edges to The Real Reporter. The leasing
team from Richards Barry Joyce &
Partners will remain on as exclusive agent
of the building. NBF purchased the asset in
April 2004 for $10.4 million, according to
Norfolk County Registry of Deeds records.
Rubin explains he volunteered interest
in 254 Second Ave. when pitched a differ-
ent NBF asset up for sale, the 117,000-sf 80
Wilson Way in Westwood acquired in June
by Fairlane Properties. Rubin passed on
that opportunity, but informed NBF’s bro-
kers from Eastdil Secured that he would be
willing to negotiate a transfer of 254 Second
Ave. should the owner be so inclined.
Citing confidentiality agreements,
Rubin would not discuss pricing or other
details, but is unabashed in his excitement
over securing 254 Second Ave. With his
firm based in Needham, Rubin says he has
long coveted the building as the sort that
appeals to a platform of buying carefully
and chasing value-added opportunities in
proven locations. “It has some really amaz-
ing features,” he says, including ceiling
heights to 16 feet and 13,000 sf on a sec-
ond level that could work for a variety of
functions. “The building is incredibly flex-
ible,” says Rubin, enabling office, laborato-
ry and manufacturing as potential uses. An
“outstanding” parking ratio of four spaces
per thousand vehicles is another drawing
card of the 5.5-acre property, he relays,
providing a prized commodity for the auto-
centric Route 128 Central office market.
Abundant power and freight loading facili-
ties are other pluses listed.
As previously detailed by The Real
Reporter in unveiling Maric’s plans to sepa-
rately purchase 400 Fifth Ave. in Waltham,
the company adeptly repositioned a portfo-
lio of suburban buildings and sold them off
just prior to the commercial real estate
bust, reaping $82 million in the process, or
more than $200 per sf.
Rubin says his firm has not found the
sort of opportunities available since that
harvesting despite the anticipation of under
water properties coming available. Seller
expectations have remained aggressive, he
says, and often not reflective of deleterious
FEEDBACK TO: EDITOR@THEREALREPORTER.COM
THE REAL REPORTER
changes in market fundamentals. That can
lead to incongruous negotiations, and has
kept Maric from buying anything since 2007
despite having considered multiple
prospects. “You have to be patient,” Rubin
says of making commitments in a volatile
market.
Fortunately, there was no angst
involved in striking an amicable pact with
NBF. “I really want to compliment them
all,” Rubin says, crediting NBF staffers
Jonathan Gillman, James Kelleher and Paul
Stuart as being “absolutely terrific to deal
with” through the process. The Eastdil
Capital Markets Group was another key in
seeing the sale through expeditiously, he
conveys, underscored by a purchase-and-
sales agreement hammered out in under
six hours. “That’s very rare,” says Rubin.
Calls to Eastdil’s Boston office were not
returned by press deadline. The team
includes Peter Joseph, Sarah Lagosh,
James McCaffrey and Christopher Phaneuf,
the same quartet handling 400 Fifth Ave. on
behalf of Wells Fargo Bank, which took the
asset back this spring from Normandy Real
Estate Partners. Rubin declined to discuss
that situation in which Maric is pursuing
the 115,000-sf Class A building in the heart
of the Route 128 Central belt.
The core suburban office market that
includes Needham has had a difficult
stretch, plunging by nearly 650,000 in net
absorption during the past 12 months,
according to RBJ’s research group. That
has pushed vacancies up to 19.3 percent
for 21.8 million sf, having dipped another
August 5, 2010
Photo: Derek Szabo
57,000 sf during the second quarter.
Needham has a tighter vacancy of 13.2
percent for 1.81 million sf, even after losing
110,000 sf in net absorption since mid-
2009. The average asking rental rate for
Needham is $27.21 per sf, RBJ reports,
compared to a submarket average of $29.95
per sf.
With 254 Second Ave. in tow, Maric is
preparing for a capital improvements cam-
paign to the base building and common
areas that Rubin promises will enhance its
structural strengths. Efforts will be made
to retain GateHouse Media, he says, but
the new landlord expresses faith in a suc-
cessful lease-up campaign regardless of
that group’s ultimate decision. “We’re very
excited,” Rubin says of taking on the asset.
While drawn into the Needham negotia-
tions, NBF has been on an active campaign
to reconfigure its portfolio. Besides the
$12.3 million sale of 80 Wilson Way to
Fairlane, NBF in recent months has divest-
ed such other properties as 2 Technology
Dr. in Westborough and 2 Cabot Rd. in
Hudson, which closed Wednesday in a
$3.87 million sale to local investor George
K. Tonna, a deal first relayed in last week’s
Real Report. The brokers representing
NBF in that trade were Newmark Knight
Frank’s Boston team of Scott Dragos,
Douglas Jacoby and James Thomson. Garry
Holmes of R.W. Holmes Realty represented
the buyer of 2 Cabot Rd., a two-story,
147,000-sf flex/office building. Efforts to
contact NBF by press deadline were
unsuccessful. n
August 5, 2010
Industrial on Edge
continued from page 1
but rental rates have dropped so much
they make new construction unlikely,
especially given the lack of demand for
space.
The season to date has yielded some
notable transactions — Horizon Logistics
took 106,000 sf at 90 Salem St. in Billerica
and a major 165,000-sf flex/industrial
lease at 300 RiverPark in North Reading
spiced up the normally sluggish summer
months. Even so, Spencer warns funda-
mental shortcomings offset the occasional
commitment, especially when many deals
represent lateral outcomes on industrial
fundamentals.
The 300 RiverPark pact involving Kiva
Systems represents a substantial increase
over its previous occupancy at 225
Wildwood Ave. in Woburn, as detailed in
previous Real Reporter articles that first
unveiled Kiva’s intentions to shift opera-
tions to the Interstate 93 North complex
owned jointly by DivcoWest and Taurus
Investments.
As part of the eight-
year agreement, Kiva
could eventually fill all
200,000 sf at 300
RiverPark, according to
sources. “It’s a very
good deal for the indus-
try,” concurs Spencer,
Ned Halloran who declined to discuss
specifics of the negotiations that had G&E
representing Kiva and Richards Barry
Joyce & Partners as exclusive agents for
the landlord.
Horizon Logistics was the final piece in
the puzzle for 90 Salem St., owned by ING
Clarion. Having purchased the complex in
2008, the firm has since filled all 600,000
sf in the complex that served for many
years as a central facility for Purity
Supreme. But while a positive result for
that property, Horizon’s shift will be leav-
ing behind another block of space behind
in Woburn. “It doesn’t do much for the
vacancy rate,” accedes Spencer.
A member of the G&E team that repre-
sented Horizon in its lease, Spencer terms
the first half of 2010 “lackluster” for
industrial real estate. Quality properties
and experienced landlords such as ING
Clarion can overcome the malaise, he
says, evidenced by another Q2 lease in
THE REAL REPORTER
90 Salem Rd., Billerica MA
which Acme Packet has taken 150,000 sf
at 100 Crosby Dr. in Bedford, 25,000 sf
more than it originally planned. Demand
remains thin overall, however, Spencer
says, and a vacancy rate bumping up to 16
percent in G&E’s research is pause for
concern. “That’s not a good number for
landlords,” he says, a notion shared by
Ned Halloran of Lincoln Property Group.
Feeble signs of progress such as a gain of
57,000 sf in net absorption in the LPC
mid-year survey and a slight increase in
asking rental rates were blunted by the
slumping economy, Halloran indicates in
an LPC report that concludes “tenants will
continue to be able to leverage the market
to achieve favorable lease terms.”
The LPC industrial survey is even more
dire than G&E’s, putting the vacancy rate
ARA Team
continued from page 2
Canterbury Commons is an older vintage
than the Salem property, but Scott says
the Raymond asset benefits from a bucolic
surrounding and lack of competing multi-
family buildings. “It was a good price,” he
says of the outcome.
Based in Burlington, MA, ARA’s region-
al team is witnessing a renewed appetite
among investors for New Hampshire mul-
tifamily product, according to Scott, who
has been active in that submarket for 20
years. The state has fared better than
most regions economically, he explains,
while limited supply of new inventory has
17
for Greater Boston at 22.9 percent. The
asking rent is at $6.83 per sf for the sector
overall, relays LPC, which did reveal a
schizophrenic start to 2010. Interstate 495
North recorded positive net absorption of
798,000 sf whereas those in the Interstate
495 Central regions were in the red by
more than 750,000 sf.
On the positive side, Halloran and
Spencer say they are encouraged that the
worst of the financial storm has passed.
“We believe by the end of 2010 the indus-
trial market will continue to stabilize,
which will begin restoring balance in the
market,” relays Halloran. “I’m not seeing
things getting worse,” says Spencer. “We
are just bumping along the bottom, and
the real question is, how long do we do
that before we see it get better?” n
made buyers even more comfortable about
long-range fundamentals. That is good
news for a sector that has seen institution-
al players such as AIMCO and Equity
Residential retreat from tertiary markets
in the past two years to focus on the urban
landscape. In fact, Scott says Canterbury
Commons is the first New Hampshire
apartment community sale in three years.
But the climate has begun to turn,
Scott says. Historically low interest rates
are making the purchase of commercial
real estate feasible for some investors, he
says. For whatever reason, Carlton Oaks
has seen a substantial line of private capi-
tal queuing up for the chance to emerge as
winning bidder, Scott says. n
18 THE REAL REPORTER
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The Real Reporter reader keeps a constant pulse
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® he says. “I’m finally seeing better results.”
August 5, 2010
The Real Report
continued from page 4
with the Dartmouth Co. to attract some of the plaza’s top ten-
ants. “It went very well,” Charles Talanian says of the program,
having spoken before an audience that included his mother,
Nevart Talanian, son Chris Talanian, sister Gail O’Reilly
and her husband, Richard O’Reilly. The new Walgreens has
also provided a homecoming opportunity for Falmouth native
Frank Flanagan, a manager for the pharmacy who was given
the assignment to open their Mashpee unit. Flanagan “is as
happy as can be,” Charles Talanian relays.
30 Newbury St., Boston MA
Newbury Rising
BOSTON—Back on his home turf, where Charles M. Talanian
has been doing business for 40 years, there is a renewed sense of
hope that fellow Newbury Street and Back Bay landlords who
absorbed a body blow from the global recession can finally look
forward to improving conditions. Heretofore reluctant to join city
officials and others eagerly trumpeting such a rebound—and
even recently predicting a double-dip recession was on the hori-
zon—Talanian reports conditions have improved substantially in
recent weeks, and says he is negotiating multiple leases that
could erase most of his remaining vacancies in a portfolio of
approximately 30 properties on the street.
“It’s a good sign,” he says of the surge. “People are being
much more reasonable today.” One major lease was inked this
week, as Talanian lured consumer electronics retailer Bang &
Olufsen from the first block of Newbury Street to one of four
spaces at the landlord’s flagship property, 137 Newbury St.,
which is between Clarendon and Dartmouth Streets. The tenant
will occupy 2,400 sf, filling the last available slot in the building.
“We’re pleased,” Talanian says of securing the key retailer to go
along with other top tenants on the ground floor, including over-
seas candy purveyor Hotel Chocolat. Things are looking so
promising that Talanian is even cancelling his concerns of the
economy backsliding into another recession. “I don’t think so,”
n