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Boston-Area Class A Manufacturing Facility Trades in $31.4 Million in Sale-Leaseback Deal – Boston Real Estate Times

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Boston-Area Class A Manufacturing Facility Trades in $31.4 Million in Sale-Leaseback Deal – Boston Real Estate Times


BOSTON – JLL Capital Markets introduced that it has closed the $31.4 million sale-leaseback of the 85,000-square-foot, state-of-the-art manufacturing facility at 220 Hopping Brook Rd. within the Boston-area suburb of Holliston, Massachusetts.

JLL marketed the property on behalf of the vendor, Internet Industries, who executed a 10-year sale-leaseback at market hire upon sale. Lincoln Property Firm, in partnership with Stockbridge, acquired the asset by way of a really aggressive bidding course of.

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220 Hopping Brook Rd. was initially constructed by Internet Industries and has been their larger Boston dwelling for greater than 20 years. Internet Industries is a 100% employee-owned firm and market-leading supplier of complete outsource manufacturing and precision changing companies within the aerospace, medical, private and residential care sectors. The constructing has served as a mission-critical a part of the tenant’s operation, and so they have invested important capital into its transition from a standard manufacturing facility right into a GMP-ready asset with BSL-2 lab area, dry rooms, mezzanine and extra.

Positioned on 13.47 acres, 220 Hopping Brook Rd. is effectively positioned inside Holliston’s premier industrial park. This location supplies quick access to each Interstates 495 and 90 and provides tenants within the park a deep bench of close by expertise from which to recruit. In recent times, the 495 Hall has turn into a scorching mattress for GMP and manufacturing customers, because the shift from conventional R&D demand to manufacturing has created an unprecedented quantity of tenant demand necessities.

The JLL Capital Markets Funding Gross sales Advisory group was led by Senior Director’s Michael Restivo and Martha Nay and Director Lenny Pierce, with help from JLL Brokerage’s Managing Director Neil Ross.

“This was a wonderful alternative for Lincoln to accumulate a Class A producing facility, whereas Internet Industries was capable of money in on a scorching industrial market to reinvest a refund into their core manufacturing enterprise,” Restivo mentioned.

JLL Capital Markets is a full-service international supplier of capital options for actual property traders and occupiers. The agency’s in-depth native market and international investor data delivers the best-in-class options for purchasers — whether or not funding gross sales and advisory, debt advisory, fairness advisory or a recapitalization. The agency has greater than 3,000 Capital Markets specialists worldwide with workplaces in almost 50 nations.

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Boston, MA

People from across the country travel to Boston for 4th of July

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People from across the country travel to Boston for 4th of July


People from across the country travel to Boston for 4th of July – CBS Boston

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The 4th of July festivities have already begun in Boston with a firework show in Christopher Columbus Park on Tuesday. WBZ’s Juli McDonald reports.

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Boston, MA

Boston College Basketball Announces First Matchup in Cayman Islands Classic

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Boston College Basketball Announces First Matchup in Cayman Islands Classic


A little over two weeks ago, news broke that the Boston College men’s basketball team would be headed to the Cayman Islands from Nov. 24-26 to compete in the 2024 Cayman Islands Classic.

The Eagles are one of eight teams competing, as they join Boise State, Duquesne, Hampton, High Point, Missouri State, Old Dominion, and South Dakota State.

On Tuesday, it was revealed that BC’s first matchup will take place on Nov. 24 against Old Dominion at 7:30 p.m. ET at John Gray Gymnasium on Grand Cayman Island. It will mark the first time the two teams have met on the hardwood. The Eagles will face either Missouri State or High Point in the second round.

First-round games on the other side of the bracket include Hampton vs. Boise State and South Dakota State vs. Duquesne.

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Here’s a picture of the full bracket:

2024 Cayman Islands Classic Bracket

2024 Cayman Islands Classic Bracket / Obtained from the Cayman Islands Classic’s website

BC logged a 20-16 record last season, which ended with a loss to UNLV in the second round of the NIT Tournament. The Monarchs closed 2023-24 with a record of 7-25, which was last in the Sun Belt Conference. Old Dominion’s season ended in the first round of the Sun Belt tournament with an overtime loss to Texas State.

“We are looking forward to participating in the Cayman Islands Classic,” Eagles head coach Earl Grant said when BC first learned it would be in the tournament. “This will provide our program with a great experience early in the season, competing against an outstanding tournament field in a beautiful setting on Grand Cayman.”

This will be the eighth tournament in the Classic’s history which started in 2017, however did not have an event in 2020 or 2021. Boston College will compete in the event for the first time in its history. 

“We are thrilled to host the participating teams for the sixth annual Cayman Islands Classic,” said The Honorable Kenneth Bryan, Minister for Tourism and Transport in the same press release. “This event not only showcases top-tier collegiate basketball but also highlights the Cayman Islands as a vibrant destination for sports tourism.”

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As summers become hotter, Boston moves to implement its heat resilience plans

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As summers become hotter, Boston moves to implement its heat resilience plans


For much of the country, this past June was hot — sometimes dangerously hot. In Boston, record-setting temperatures and the heightened risk of heatstroke prompted the city to declare a heat emergency, end school days early and open cooling centers. As heat waves become more common in the region, city officials have created a plan to prepare our infrastructure and communities for the hotter days ahead. GBH’s All Things Considered host Arun Rath discussed Boston’s heat resilience plan with Zoe Davis, a climate resilience project manager with Boston’s Environment Department, and Matt Kearney, the deputy chief of the Office of Emergency Management. What follows is a lightly edited transcript.

Arun Rath: To start off, we’re already seeing the effects of climate change in the city, right? It’s not our imagination. It feels that summers have been getting much, much hotter.

Zoe Davis: That is definitely true. In the city of Boston we have historically had about ten days over 90 degrees in Boston’s more recent history. But due to the impacts of climate change, we are expecting to see more days over a 90-degree threshold and even more days of chronic heat, which are days over 80 degrees.

Rath: In terms of the city specifically, we hear this term that Boston is a “heat island.” Can you talk about what that means and how different communities in the city might experience heat waves differently?

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Davis: So, relative to the state of Massachusetts, the Greater Boston area and Boston itself is considered to be a heat island because it’s hotter than the surrounding area. So we do say that the city of Boston is itself a heat island, but within the city there are these temperature hotspots: areas that are within the city that are hotter than others. So some of these areas are typically areas of higher building density, areas where there’s expansive roadway or dark hardscape. These often follow our transportation corridors, areas where there’s large buildings. Then areas that are cooler in the city, by contrast, are parks, typically, and also along the coastline edge and areas that are near bodies of water.

Rath: Matt, how is the city preparing for this? Something that that goes beyond what we’re used to preparing for.

Matt Kearney: Yeah, it takes a whole city approach. So on the Emergency Management side, our work is looking at the short-term response, [to] this heat that’s occurring earlier in the year and later in the year. I know we declared a heat emergency in September last year, which is uncommon. So it’s on us to work with the Environment Department, Boston Planning Development Agency and all the other stakeholders that are taking these long-term projections, and getting a sense of where those resources are needed now in the city. So we’re taking a look at these heat islands that we know are impacting certain neighborhoods, ensuring that they have the adequate cooling resources, as well as other resources that we can make available to those residents because their neighborhoods are hotter than other areas within the city.

Rath: Other sorts of adaptations we’ve been making to climate change from energy conservation to cleaner forms of energy have obvious other benefits. Aside from the direct ones we’re talking about when we’re upgrading infrastructure for heat resilience, are there other additional side benefits to doing that as well?

Davis: Yes. We look at co-benefits of integrating heat resilience broadly. So for example, when we’re thinking about integrating heat resiliency to our roadway infrastructure, there are opportunities to also integrate green infrastructure, which then can have a positive impact on how we are managing stormwater. There’s also elements in this example of making sure to integrate elements around safety, wayfinding and accessibility. I think, similarly, when we’re thinking about improvements to our buildings — as you had mentioned, integrating energy efficient elements into our buildings, as well as coordinating that with decarbonization efforts — is a part of a holistic approach to being climate-resilient, which includes heat resilience as well.

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