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Issue of January 30, 2006 |     |
Methuen Site Nets $18MBy Joe Clements Demonstrating institutional-grade interest for Massachusetts industrial properties, AEW Capital Management has acquired 14 Aegean Drive in Methuen from Atlantic Tambone Corp. Also known as the Methuen Industrial Center, the high-bay, 234,000-square-foot facility was purchased for $18.3 million, or more than $78 per square foot, according to industry sources. Meredith & Grew Event Shows Industry Observers Are Upbeat By Joe Clements From Meredith & Grew President Thomas J. Hynes Jr.’s opening remarks through the closing keynote address by former Boston Redevelopment Authority chief Stephen Coyle, negativity was in short supply at the “Trends in the Real Estate Market” seminar held last Thursday at the Hub’s Copley Marriott. It was the 27th annual industry overview sponsored by Meredith & Grew, and featured Coyle as a guest speaker for the second time after his appearance at the 1985 program. Liberty Mutual Group Pays $481M for Two Boston Buildings By Joe Clements In a major Boston commercial real estate transaction that quietly closed earlier this month, Liberty Mutual Group paid nearly $500 million for 75 Arlington St. and 10 St. James Ave. The adjacent buildings total more than 800,000 square feet of office and retail space and are right next to the insurance giant’s Back Bay headquarters at 175 Berkeley St. |
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