Boston, MA
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.
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.
Associated
No two trials are the same — and it appears that’ll be true for the high-profile Karen Read case as well.
Prosecutors have been working to keep several defense witnesses off the stand in the upcoming retrial over the killing of her boyfriend, Boston Police Officer John O’Keefe.
“It’s not surprising to me to at all that, with new lawyers on the case and fresh looks at the evidence, that they’re making a determination as to which pieces of evidence they think they have real chance of excluding,” NBC10 Boston legal analyst Michael Coyne said.
The witnesses whom the prosecution moved to exclude from the case are a doctor whose expertise includes dog bites, a forensic expert who challenged the now infamous Google search, “hos long to die in the snow,” as well as two accident reconstruction experts whose testimony under cut the state’s version of how O’Keefe died.
Prosecutors in the Karen Read trial spent the day in court trying to discredit the expertise of the defense’s dog bite expert, Dr. Marie Russell, so she can’t testify in the retrial.
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Judge Beverly Cannone will decide if the witnesses testify. She allowed them at the first trial and Coyne said it could create problems if she says no for the next trial.
“It does put her in a difficult point to be able to now reverse herself, and I don’t think that’s likely to happen,” he said.
Special Assistant District Attorney Hank Brennan is now leading the state’s case, and he plans to cut down the number of witnesses while bringing a different style than the original lead prosecutor, Adam Lally.
“Hank’s approach is like an everyman’s approach,” said Coyne, who knows the experienced defense lawyer. “He’s understated. He’s very quick on his feet. I think he’ll be well received by the jury.”
Read’s team remains intact, but she said Tuesday outside one of the witness hearings that they’re taking a second look, too.
“We’re going to re-tool everything. Maybe something will stay similar but we’re gonna shuffle a lot of things around,” she said.
Much of this preparation could be moot if the state’s Supreme Judicial Court decides to throw out two of the charges against Read.
The Norfolk County District Attorney’s Office says one of Karen Read’s key arguments has been “debunked” in a legal filing seeking to prevent testimony from a defense witness in the upcoming retrial.
BOSTON – It’s a peculiar sight in downtown Boston: Giant pink people peering into restaurant windows and hanging out in alleyways.
These sculptures that are making their debut in the United States are called “Monsieur Rose” or “Mr. Pink” in English. It’s a new art installation designed to catch your attention and lift your spirits.
“These characters transform the streets into playful places and our daily travels into delightful, colorful journeys,” a website for the exhibit says.
“Cute-ism” art
Their collective name in French roughly translates to “cute-ism” from artist Philippe Katerine. The inflatable sculptures are part of this year’s Winteractive art walk.
Winteractive is the same event that brought floating clown heads to the city last year. The Downtown Boston Alliance says the reaction encouraged them to up the ante this year.
Changing people’s days
Michael Nichols with the Downtown Boston Alliance says the organization is exploring “different ways of using our downtown to have fun.”
“It is the darkest, drabbest time of year in Boston. It’s gray … just cold and bitter,” he said. “And pops of pink color, bubblegum pink dotting the downtown in now six different locations is changing people’s day.”
Mr. Pink is only the beginning of the experience – new installations will be added to the collection every day for the next week. On Thursday morning there was another eye-catching sight: A display that appeared to show a satellite or small spacecraft that had crashed onto the hood of a car.
Boston, MA
ICE blasts Boston: Feds say BPD refused 198 immigration detainer requests for ‘egregious crime’ in 2024, not 15
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