JANUARY 9, 2026
Volume 65 • Issue 01
Acella Construction collaborates with DJSA Architecture to complete Big Blue Swim School in Framingham, Mass.
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NEW ENGLAND
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NEW ENGLAND
2 January 9, 2026
54 & 70 Locust Ave. Tyngsboro, MA
18.76+/- Acres of Industrial Land for Sale in Tyngsboro, MA. Asking Price $2,450,000.00 Two parcels of land totaling approximately 18.76+/- acres. Zoned: I-1 (Industrial 1 Light). Permitted uses include Industrial Office/R&D, Light Manufacturing, Heating and Fuel Sales and Service, Commercial and Trade School, Building Trade Shop and more. Locust Ave is located off Middlesex Road which is the Tyngsboro Retail Corridor which leads to the Southern NH Retail Corridor and Pheasant Lane Mall for great local amenities such as restaurants, gyms, hotels and more. Great highway access to Rte. 3. which is less than a mile. 18.76+/- ACRES OF INDUSTRIAL LAND FOR SALE IN TYNGSBORO, MA. ASKING PRICE $2,450,000.00 54 & 70 Locust Ave Tyngsboro, MA 01879
For Lease
Business Park Condo
January 9, 2026 3 Two parcels of land totaling approximately 18.76+/- acres. Zoned: I-1 (Industrial 1 Light). Permitted uses include Industrial Office/R&D, Light Manufacturing, Heating and Fuel Sales and Service, Commercial and Trade School, Building Trade Shop and more. Locust Ave is located off Middlesex Road which is the Tyngsboro Retail Corridor which leads to the Southern NH Retail Corridor and Pheasant Lane Mall for great local amenities such as restaurants, gyms, hotels and more. Great highway access to Rte. 3. which is less than a mile. MOORE COMMERCIAL REAL ESTATE | 2 MEETINGHOUSE ROAD, CHELMSFORD, MA | 978-251-1111 DEREK@LOWELLSPACE.COM | WWW.LOWELLSPACE.COM NEW ENGLAND
Congratulations to our broker partners on these recently completed lease transactions with Cummings Properties.
Marci Alvarado
Rob Cronin
Medallion Roofing 12 Gill Street, Woburn
ANNA Health Incorporated 10 Commerce Way, Woburn
Josh Kulak & Zack Mittelstadt
Robert W. Phinney, III
Axis Strength and Stability 400 West Cummings Park, Woburn
Alarmax Distributors 78 Olympia Avenue, Woburn
Andover | Bedford | Beverly | Burlington | Marlborough | Medford | Somerville | Stoneham | Sudbury | Wakefield | Wilmington | Woburn Contact Vice President–Leasing John Halsey at 781-932-7039 or jrh@cummings.com.
NEW ENGLAND
4 January 9, 2026
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NEW ENGLAND
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Newmark brokers $132m sale of 140 Kendrick - sold by BXP to Cross Ocean and Lincoln Prop.
NEEDHAM, MA Newmark has ar- ranged the $132 million sale of 140 Kendrick St., an office campus lo - cated 15 miles southwest of Down- town Boston. Newmark co-head of U.S. Capital Markets Robert Griffin, along with capital markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing direc- tor James Tribble, senior managing director Samantha Hallowell and associate director William Sleeper, represented the seller, BXP, and procured the buyer, a partnership between Cross Ocean Partners and Lincoln Property Company. Additionally, Newmark’s Bos- ton Debt & Structured Finance team, comprised of vice chairman David Douvadjian, Sr., execu- tive managing director Timothy O’Donnell, senior managing direc- tor David Douvadjian, Jr., associate directors Bobby Alvarado and
FOR FULL STORY VISIT NEREJ.COM Other accomplishments include completion of Bryant University’s Business and Leadership Excel- lence Certificate programs and the Housing Opportunity Partnership Education Certification. She has achieved the Accredited Buyer’s Representative and Certified Mil - itary Residential Specialist desig- nations and is also Commercial and Investment Real Estate Certified. She is licensed in Rhode Island, Massachusetts and Connecticut. president of the Kent Washington Association of Realtors, the 2026 vice president of the RIAR and a di- rector on the NationalAssociation’s Board of Directors. She also serves on the NationalAssociation’s Small Brokers Committee. She was one of five local Real - tor association award recipients, all candidates for the statewide honor awarded annually by the R.I. Association of Realtors. Conor Reenstierna and financial analyst Harrison Zucco, has been engaged by the buyer to provide post-closing mortgage financing. Totaling 400,000 s/f, 140 Ken- drick St. features three intercon- nected office buildings, one of which represents the first net-zero, carbon-neutral repositioning of its scale in Massachusetts. The campus is anchored by Wellington Management with other notable occupants including Clarks, Cy- berArk and Focus Partners Wealth. “140 Kendrick St. was entirely renovated and re-tenanted after its prior single-tenant occupant vacated in 2020,” said Sleeper. “By virtue of all leases being signed in the post-COVID era, the asset exhibits a rare dynamic in which all tenants are right-sized with peak physical occupancy and near-zero dark space.” 140 Kendrick St. benefits from
an amenity-rich, highly accessible and talent-dense location. The cam- pus is situated adjacent to the 600+- acre Cutler Park Reservation, directly off Route 128/Interstate 95 with shuttle service to the MBTA Green Line and surrounded by one of suburban Boston’s highest concentrations of residents with graduate/professional degrees. Newmark senior managing director Matthew Malatesta provided local leasing expertise for the transaction, and financial analyst Grady Zink provided analytical support.
140 Kendrick Street - Needham, MA
Horvath & Tremblay handles $1.475m sale of 11,520 s/f plaza
DANBURY, CT Bob Horvath, Todd Tremblay and Matt Nadler of Hor- vath & Tremblay have completed
R.I. Assn. of Realtors names D’Agostino of Start Realty 2025 R.I. Realtor of the Year
WARWICK, RI Crystal D’Agostino was selected by the R.I. Association of Realtors (RIAR) as the 2025 R.I. Realtor of the Year. She has
Bob Horvath
Todd Tremblay
the sale of an 11,520 s/f retail plaza. Horvath & Tremblay ex- clusively repre- sented the seller and sourced the buyer to com- plete the transaction at a sale price of $1.475 million. The retail plaza is located at 132 Federal Rd. The plaza contains 11,520 s/f of gross leasable area on a one-acre parcel. 132 Federal Rd. is comprised of six units and is leased to Starbucks, Club Pilates, and Mobile Rescue and has three vacant units. The property offers significant upside through the lease up of the 6,853 s/f of vacant space. The property is well located along Matt Nadler
worked in or around real es- tate and proper- ty management since child- hood, starting
132 Federal Road - Danbury, CT
BILLERICA, MA Scott Hughes, pres- ident of New Dover Associates, Inc., represented the seller in the sale of 34 Sullivan Rd., Unit 27, for the purchase price of $595,000. Michael Barbera, principal broker of BA Property & Lifestyle Advi- sors, represented the buyer, HMB Properties, LLC. 34 Sullivan Rd., Unit 27 in the Sullivan Road Industrial Center is a 3,149 s/f industrial condo. Hughes of New Dover Assocs. sells industrial condo. for $595,000
Federal Rd. and benefits from vis - ibility and frontage. The location is part of a dominant trade area centered around the junction of US Rte. 7/202 and I-84, with numerous businesses, national retailers and restaurants driving traffic to the area. The property is surrounded by densely populated residential neighborhoods and apartment communities that provide a cap- tive customer base. 132 Federal Rd. is also convenient to Danbury Hospital and Western Connecticut State University, both of which draw significant traffic to the area.
Crystal D’Agostino
in her family’s rentals. She is the broker/owner of Start Realty in West Warwick. Since the flip of their first home, she and her hus - band have acquired 20 rental units in the local market. Most recently, they’ve branched out into real es- tate syndications, with ownership interests in a total of 208 rental units across multiple states. Since joining the RIAR in 2009, D’Agostino has held committee and leadership positions at all levels of the organization including past
NEW ENGLAND
6 January 9, 2026
Hunneman arranges 6,982 s/f sublease to Curium Pharma
Hilson of Perry CRE brokers sale of 425 Lincoln St. for A.W. Perry
Daniel Griffin of Atlantic Retail, representing the buyer. The transaction marks a rare divestmentforA.W.Perry,alegacy real estate owner with deep roots on the South Shore. The firm received an unsolicited offer for the property, which had recently been vacated following the lease expiration of an automotive user. “Although A.W. Perry typically maintains a long-term ownership approach, this was a strategic divestment in response to a clear need in the marketplace,” said Kerri Gallaway, executive vice president of asset and property management at A.W. Perry. “In our ongoing effort to serve the South Shore we recognize the demand for addition- al high-quality early education and welcome The Gardner School to the area.” ment at the property for product testing purposes, JLL brokered a longer-term lease that marked a significant milestone for VEIR, as it looks to scale manufacturing. VEIR’s first-generation Super - conducting Technology for AI Racks (aka STAR) Demonstration successfully delivered 3 megawatts of power via a single low voltage ca- ble within a simulated and scalable data center environment.
HINGHAM, MA A.W. Perry has com- pleted the sale of 425 Lincoln St., to Viking Development. The
BOSTON, MA Hunneman brokered a 6,982 s/f sublease at 2 Seaport Ln. for Curium Pharma, a leading radiopharmaceutical company dedicated to using technology and innovative science in nuclear medicine to diagnose and treat millions of patients with cancer. The new location will serve as Curium’s global headquarters, supporting its international team in continuing their advancements in cancer medicine alongside Greater Boston’s life science community. “The Seaport proved to be an ideal location for Curium’s global headquarters, situating the team within one of Greater Boston’s most vibrant biotech submarkets, com- plemented by exceptional connec- tivity to LoganAirport,” said Steve James, executive vice president at Hunneman. “In a challenging macroeconomic environment, Boston continues to be a magnet for growing life science companies. This year Hunneman has executed several leases for medical and life science companies, underscoring our role in supporting this critical sector of our local economy.” Curium was represented by Hunneman’s leasing & advisory team of Peter Bean and James. 2 Seaport Ln. features newly built-out, Class-A space with har- bor views. Onsite amenities include
Tyler Hilson
Kerri Gallaway
15,000 s/f property, situated on 1.5 acres along Rte. 3A and abutting the Hingham Shipyard, will be redeveloped into an early education facility operated by The Gardner School, following town-approved plans for a major renovation of the existing structure. The sale was brokered by Tyler Hilson of Perry CRE, representing the seller, and Brian Roache and WOBURN, MA Camber Development, in partnership with Wheelock St. Capital, have executed a strategic 53,253 s/f lease agreement with VEIR, Inc. at 45 Industrial Parkway. VEIR is a technology company pioneering superconducting power delivery solutions and developing next-gen products that address com- plex power challenges – from data center to electricity transmission. Following a short-term agree-
a renovated lobby with an indoor winter garden and an underground parking garage. Morton Steakhouse serves as the building’s onsite restaurant. 2 Seaport Ln.’s location at Seaport’s waterfront gives ten- ants access to a variety of local restaurants, hotels, retail, and en- tertainment options, including the Seaport Hotel Boston, Trader Joes, Harpoon Brewery, Tatte, Puttshack, Soul Cycle and more. Corporate neighbors include Foundation Medicine, Vertex Pharmaceuticals, Alexion Pharmaceuticals, Eli Lilly and Company, and more. “Curium is at the forefront of a new revolution in cancer treatment. As we amplify our focus on new
product development, setting up our headquarters in Boston allows us to be closer to innovative science and technology, as well as access to important industry resources,” said Renaud Dehareng, CEO of Curium. “Combined with the exceptional talent we attract, this creates an ideal foundation to support our ambition to improve the lives of millions of patients with cancer.” The 2 Seaport Ln. building, owned by Pembroke, offers access to I-90 and I-93 and is a ten-minute drivefromLoganInternationalAir- port. Nearby public transit options include the MBTA Silver Line and Water Taxi, as well as the newly renovated South Station.
Camber Development and Wheelock St. Capital execute 53,253 s/f lease with VEIR, Inc.
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NEW ENGLAND
January 9, 2026 7
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Ardise, O’Leary, McNamara, and Gaudet of Cushman & Wakefield arrange 34,289 s/f lease
Lydian opens 25,000 s/f R&D Center of Excellence at Hood Park
NEWTON, MA Cushman & Wakefield has arranged a 34,289 s/f lease renewal for Informa TechTarget at 275 Grove St. The global infor- mation services and technology research company will continue its long-term occupancy at the property following Informa and TechTarget’s strategic combination in December 2024. Cushman & Wakefield’s Adam Ardise, Michael O’Leary, Kevin McNamara, and Ross Gaudet represented the tenant. Building ownership, Greatland & Barings, was represented by Ron Friedman and Perry Beal of CBRE. “After a major period of trans- formation for the organization, this renewal represents a strategic realignment of Informa TechTar- get’s workspace to support how their teams operate today, and how they plan to grow and operate in the future,” said Ardise, vice chair with Cushman & Wakefield. “By leveraging a highly efficient layout in a best-in-class building, the com- pany is positioned for long-term stability and continued momentum in Greater Boston.” “This investment reflects our continued commitment to creating BOSTON, MA The Institute of Real Estate Management (IREM), Bos- ton Metropolitan Chapter No. 4 has Vargas installed as IREM Boston president
CHARLESTOWN, MA Lydian, a Massa- chusetts-based company pioneer- ing a novel, low-cost approach to produce synthetic fuels, has opened a 25,000 s/f facility at Hood Park, a 20-acre, mixed-use development. The rapidly growing clean tech company has established this facility as their R&D Center of Excellence, allowing Lydian to further grow and scale operations. Founded in Cambridge in 2021, Lydian is developing novel tech- nology that converts waste CO2 into low-cost and scalable drop-in sustainable aviation fuel (SAF) that reduces lifecycle emissions by up to 95%. Since its inception, the company has executed at an ac- celerated pace, successfully scaling out of the lab to a large-scale pilot demonstration at RTI International in North Carolina in 2024. Hood Park offers the ideal environment for Lydian, enabling pilot operations, wet lab space, and office space all within one facility to rapidly scale the com- pany’s CO2-to-fuels technology WATERTOWN, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of Watertown Mews, a 206-unit apartment community. CBRE exclusively represented the seller, a separate account ad- vised by PGIM and also procured the buyer, Mesirow. Watertown Mews was com- pleted in 2014 and comprises two residential buildings with four stories above a single level of garage parking. Watertown Mews offers some of the largest apart- ment homes in the market, with an average size of 1,014 s/f, with a mix of studios, one-bedroom, two-bedroom, and three-bedroom apartments. The community has an expansive amenity package includ- ing a community room, business center, media room, gym, outdoor pool, community garden, beehive, and numerous grilling stations. The property provides access to
FOR FULL STORY VISIT NEREJ.COM – a unique accommodation which attracted the company to the cam- pus. The company has established this new facility and it has been successfully operating for sever- al months. The R&D Center of Excellence will support Lydian’s progress toward launching its first commercial-scale demonstration plant, expected to be operational in 2027. Lydian is also considering further investment in the facility to centralize advanced manufacturing for key components. Including those upgrades, Lydian may add as many as 40 additional team members over the next three years. Hood Park’s lease with Lydian underscoresthecampus’reputation as a premier hub for clean tech, life sciences, and R&D compa- nies seeking best-in-class lab and office space in Greater Boston. The newest campus tenant joins cutting-edge tough tech compa- nies already on-site at Hood Park, includingArkeaBio,SolidBioSci- ences, and Indigo Ag.
an environment where our people can do their best work,” said an Informa Tech Target representa- tive. “The amenities, accessibility, and quality of space at 275 Grove align perfectly with the needs of our teams today – and where we’re headed in the future.” Located in the N2 Innovation District, 275 Grove St. is a modern- ized office environment combining high-end design with a strong
suburban location. The property features renovated lobbies and common areas, flexible floorplates, natural light, on-site parking, and a suite of campus-style amenities, including fitness facilities, collab - orative spaces, outdoor seating, and walkable access to retail and dining options. Occupants also benefit from access to Rte. 128/I- 95 and proximity to the MBTA Commuter Rail.
CoreNet Global – New England Chapter opens 2026 Awards of Excellence call for nominations
named Yoany Vargas as chap- ter president for a one-year term beginning Jan- uary 1, 2026. She succeeds Anthony Susi, who served as
Butler, St. John, McLaughlin, and Bowler of CBRE complete sale of Watertown Mews
Yoany Vargas
BOSTON, MA The CoreNet Global – New England Chapter is excited to announce that nominations for the May6,2026AwardsofExcellence are now open. Submissions will be accepted through January 30, 2026. This prestigious awards program celebrates the “best of the best” in corporate real estate by recog- nizing outstanding achievements from 2025 across the following categories: 1. Corporate Real Estate Executive of the Year 2. Service Provider of the Year 3. Emerging Leader of the Year 4. Volunteer of the Year 5. Best Small Project (under 75,000 s/f) 6. Best Large Project (over 75,000 s/f) 7. Best Project Outside New
chapter president in 2025. Vargas is a senior regional property manager at Housing Man- agement Resources, Inc. (Housing Management Resources - Property Management Services) in North Quincy. She brings 22 years of property management experience to her role as IREM Boston chapter president. Vargas is a Certified Property Manager (CPM), an Accredited Residential Manager (ARM), a Certified Occupancy Specialist (COS), a Certified Credit Compli - ance Professional, and a National Affordable Housing Professional – Executive. Additionally, she serves as the clerk on the Board of Directors of the New England Affordable Housing Management Association (NEAHMA).
England 8.DealoftheYear(newcategory for 2026) Eligible projects must have been completed between January 1, 2025, and December 31, 2025. The nomination portal is now live on the CoreNet Global - New England Chapter website: https:// newengland.corenetglobal.org/ events/awards. Here, participants can find detailed award criteria, submission requirements, and in- structions to nominate exceptional individuals or projects. The 2026 Awards of Excellence will take place on Wednesday, May 6, 2026, with an awards presenta- tion at the Simons Theater at the NewEnglandAquarium,followed by dinner and networking at The Palm Restaurant.
numerous different employment centers, including Boston, Cam- bridge, Watertown, and Waltham, as well as ample retail and dining amenities in town and the surround- ing communities. The property also offers a shuttle service with direct access to Watertown Sq. and Harvard Sq. in Cambridge. Butler said, “We are pleased to have represented PGIM in the sale of Watertown Mews, an asset they developed in partnership with the original developer. The asset offers Mesirow the opportunity to execute on their value-add plan in a dynamic location.”
NEW ENGLAND
8 January 9, 2026
CBRE brokers sale of 153,416 s/f Whole Foods-anchored retail center
Fischer Commercial and Vidal/Wettenstein arrange $3.713 million office sale to KUBTEC
STAMFORD, CT Jeffrey Dunne, Da- vid Gavin and Travis Langer of CBRE’s National Retail Partners represented HBS Global Proper- ties LLC in the sale of 110 High Ridge Rd. The team also procured the buyer, 110 High Ridge Owner LLC. 110 High Ridge Rd. is a 153,416 s/f Whole Foods-anchored retail center situated at the crossroads of High Ridge and Long Ridge Rds., two major commuter arteries. The property was formerly a Lord & Taylor store and it is in the process of being repositioned into a multi- tenant retail center. Whole Foods opened in December 2024 and Saks OFF 5TH relocated to 110 High Ridge from the Stamford Town Center Mall in 2022. 110 High Ridge Rd. is surround- ed by residential neighborhoods with average household incomes exceeding $188,000 within five miles. Its accessibility from Long Ridge and High Ridge Rd. and the Merritt Pwky. enable it to draw from a wide trade area within Fair- field County and into Westchester County. Dunne said, “The center’s ‘main and main’ location within the dominant retail corridor in the market, combined with its strong anchor tenancy and surrounding demographics, will help the buyer
$3.713 million. The property had been under receivership with Sa- chem Bank of Milford and the seller was represented by Alan Fischer, SIOR of Fischer Commercial Real Estate. Bruce Wettenstein, SIOR and managing partner with Vidal/ Wettenstein represented the buyer, Merritt 245, LLC. Counsel for the buyer was Mark Kirsch and Robyn Drucker of Cohen & Wolf’s Bridge- port office. Counsel for Sachem Capital was in house corporate counsel, Amanda Tiernan.
NORWALK, CT Choyce Peterson, Inc., completed the sale of the 4,316 s/f building located at 99 Main St., on behalf of the owners, 99 Main St. LLC, a partnership owned by George Wargo and Lance Liljeqvist. The buyer is 99 BEAJ, LLC, a private company formed by Drs. Brenda and Erik Slovin, founders of Norwalk-based Slovin Chiropractic Center. TRUMBULL, CT Vikram and Preeti Bu- tani, owners of KUBTEC, high-end manufacturers of X-ray equipment for hospitals and universities, have purchased an existing building in the Trumbull Corporate Park for the purpose of repositioning it for the production of their product. KUBTEC will convert the first two floors of 75 Merritt Blvd. to a production line, assembly and quality control for their product. The building is 112,544 s/f situated on five acres, and sold for
complete the repositioning and lease-up of the center.” Gavin said, “We continue to see strong demand in Metro NY for properties like 110 High Ridge Rd.,
which provide a unique combina- tion of having Whole Foods as its anchor with significant value-add through lease up of the remaining vacancy.”
JLL selected to manage Yale New Haven Health System’s real estate portfolio
NEW HAVEN, CT JLLhasbeenselected by Yale New Haven Health System (YNHHS), a leading non-profit
FOR FULL STORY VISIT NEREJ.COM The assignment brings together a team of senior JLL specialists led by David Leviton, vice chairman, and Matt Coursen, U.S. Healthcare lead, leasing advisory. million s/f of on-campus facilities spanning five hospitals. Under the new engagement, JLL will deliver strategic portfolio man- agement, organizational design consulting, lease administration, data analytics and full-service brokerage and transaction man- agement for the entire 10 million s/f portfolio.
Choyce Peterson’s Capital Mar- kets team, led by vice president Scott Peterson, was appointed by Wargo and Liljeqvist as the exclusive sale listing agent for this building situated along the Route 7 corridor after receiving the com - pany’s quarterly real estate reports. The Choyce Peterson team promoted the sale of the property among area businesses. Choyce Peterson completes sale of 4,316 s/f bldg. J&Bad23(NEREJ).qxp_Layout 1 6/22/23 11:54 AM Page 1
healthcare system, to provide comprehensive real estate port- folio management across its 350 off-campus properties and eight David Leviton Matt Coursen
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Best Wishes to New England’s Real Estate & Construction Communities for a Bright 2026!
Building on more than 100 Years of Excellence in Electrical Construction 29 Carematrix Drive, Suite 300, Dedham, MA 02026 Tel: 617.522.6800 info@jmbco.com www.jmbco.com
NEW ENGLAND
January 9, 2026 9
PROJECT OF THE MONTH
CONGRATULATIONS
MEP ENGINEER
PROJECT TEAM INCLUDED: COASTAL GLAZING; BUILDING ENGINEERING RESOURCES, INC. Acella Construction collaborates with DJSA Architecture to complete Big Blue Swim School in Framingham, Mass.
Congratulations to the Big Blue Swim School Project Team.
FRAMINGHAM, MA Acella Construction Corporation, a leader in construction management throughout greater Boston, announces completion of the Big Blue Swim School, the second franchise location to open in Massachusetts. A ribbon-cutting was held on December 12 th , officially opening the facility located at 235 Old Connecticut Path. The $1.9 million project converted a vacant 6,650 s/f retail space within the RK Center II, an active shopping plaza anchored by Stop & Shop. Scope of the work performed by the Acella team included a com- prehensive transformation of the existing suite, beginning with a full demolition of all interior partitions, ceilings, fixtures, and slab areas required for new utilities and pool installation. Exterior work included removal of existing sidewalks and rampstoconstructanewADA-com- pliant entry ramp and stair system, as well as installation of a new 6”
to specialized finishes,” said Ryan LaVangie, vice president of sales and marketing. “Our team’s experience in this niche construction space allowed us to deliver a swim school that meets the highest standards of safety and quality – all hallmarks of the Big Blue Swim School brand.”
Founded in 2003, Acella delivers a premium suite of construction management services, including design-build and pre-construction solutions for business owners, commercial real estate developers, and discerning institutional and retail clients.
sanitary sewer line extending to the parking lot manhole. A major component of the project included the construction of Big Blue’s signature in-ground gunite swimming pool, measuring 1,445 s/f with depths ranging from 3’6” to 4’. The pool holds approximately 37,931 gallons of water, operating at a flow rate of over 200 gpm to achieve a three-hour turnover cycle. Exten - sive interior sawcutting, grading, backfilling, specialized structural preparation supported the installa- tion, and mechanical, electrical, and plumbing systems were upgraded to support aquatic operations. Additional project features in- clude the installation of a new anodized aluminum storefront and vestibule, epoxy flooring through - out the facility, and acoustic sound baffles to enhance comfort during instruction. Sitework, concrete foundations, grading, and restoration were also completed to support the
FOR FUTURE STORY SUBMISSIONS Please email, or call, John Picard 781-878-4540, ext. 250, 800-654-4993 jpicard@nerej.com
GLASS AND GLAZING
ARCHITECT
Size: 2x4 POM
Section: MA
Size: 2x4 POM
Section: NE ROP
building’s new layout, which also features 10 changing stations, six showers, three bathrooms and one pool equipment room. The project team included DJSA Architects as architect of record, Bohler Engineering providing civil engineering services, and Building Engineer Resources overseeing mechanical, electrical, and plumbing design. CBRE/RK Centers served as broker and landlord for the project. With the opening of the new site, Acella Construction has now com- pleted two Big Blue Swim School projects in Massachusetts – the first in Methuen, in operation since May of 2023. Acella is presently work - ing on a third Big Blue location in Dartmouth, Mass., demonstrating
its ongoing partnership with the franchise. Big Blue Swim School Framing- ham offers weekly, year-round 30- to 45-minute swim lessons for children beginning at just three months old, seven days a week. Level-appropri - ate, engaging lessons are led by pro - fessional instructors. The franchise sets itself apart from other swim schools with 90-degree, ultra-clean water, a comfortable viewing area to keep an eye on swimmers, plenty of private changing rooms, fall-proof, anti-microbial flooring throughout the facility, free Wi-Fi and ample parking. “Aquatic facilities demand a unique level of precision and exper- tise, from advanced filtration systems
From: JP Run Date: 01/16/26
From: JP Run Date: 01/09/26
Acella Construction Corp..............................Construction Manager DJSA Architecture PC...............................................................Architect Coastal Glazing...........................................................Glass and Glazing Building Engineering Resources, Inc..........................MEP Engineer Big Blue Swim School Project Team
CONSTRUCTION MANAGER
Acella’s expertise is deeply rooted in the diversity of projects we have completed for our clients throughout New England. Our personnel have comprehensive experience in building and renovating facilities for academic institutions, non-profit groups, commercial developers, hospitality, retail and interior projects.
300 Linden Ponds
Morgan Stanely
Cummaquid Country Club
SERVING AREA South Shore, MA, Cape Cod, MA Rhode Island, South Coast, MA Quality Installations One-Year Installation Warranty 35+ Years of Experience 508-695-5209 www.coastalglazing.com
Ryan LaVangie VP Sales & Marketing P. 781-421-0934 E. rlavangie@acellaconstruction.com www.acellaconstruction.com
• Academic • Corporate
• Community • Healthcare • Retail/ Hospitality
Love Farms
NEW ENGLAND
NEW ENGLAND
10 January 9, 2026
January 9, 2026 11
PROCON celebrates ribbon cutting for 57,000 s/f Hitchiner Mfg. facility
Porta & Co. brokers Aomori lease at Reveler Dev.’s Hanover Works
PORTLAND, ME In partnership with Reveler Development, Aomori celebrated their grand opening on the ground floor of The Armature at 52 Hanover St. Aomori is a new restaurant from restaurateur Masahiko Miyake, his wife Chie- ko, their son Reo and his partner Helen Carter. The lease was brokered by Joe Porta of Porta & Company. “We have been working with the Miyake team for over a year to curate this unique concept and business model for this special facility at The Armature,” said Joe Porta, founder of Porta & Company. “Having known Masa DOVER, NH Cathartes has launched Perch Cowork, a 5,000 s/f, collab- orative workspace for local pro- fessionals, businesses, nonprofits and organizations at The Truette residential development in the Waterfront District. Expected to open in March 2026, Perch Cowork will be located on the Truette’s first floor. It will support the town’s growing hybrid workforce with a sophisticated yet approachable en- vironment to work independently or collaboratively without straying far from home. NH Business Review reports that 16%, or 121,000 New Hampshire
MILFORD, NH HitchinerManufactur- ing Co., Inc. hosted a ribbon-cut- ting ceremony to mark the opening of its new 57,000 s/f shared services operations facility, completing the company’s Elm St. campus and signaling the next phase of its long-term growth strategy. The new facility, designed and built by PROCON’s fully integrat- ed design-build team, consolidates value-added services previously spread across several buildings. Bringing these operations together improves workflow efficiency, enhances quality control, and sup- ports Hitchiner’s expanding aero- space and commercial programs. “This facility is representative of reinvesting in the business to grow CONCORD, NH Turner Group has pro- moted senior structural engineer Jonathan George, PE and senior project architect Dan Hall, AIA, NCARB to senior associate roles at the firm. George plays a key leadership role within Turner Group’s struc- tural team. With over 11 years at the company, George’s collaborative approach and focus on building strong client relationships ensure seamless project execution and
Photo courtesy of Hitched Willie & Longfellow Communications
Elm St. campus, which now supports the full value stream for finished investment-casting-based aerospace components. The inte- grated structure allows the com- pany to respond more quickly to customer needs and advances its long-term growth strategy in global markets. FOR FULL STORY VISIT NEREJ.COM idential, and mixed-use projects. From conceptual design through construction administration, Hall delivers functional and creative solutions that have enabled the firm to excel in diverse markets, from educational facilities to cut- ting-edge cleanrooms. “Jon and Dan exemplify the dedication and integrity that move our company forward,” said Bill Hickey, president. FOR FULL STORY VISIT NEREJ.COM
opportunities for our customers, our employees, and our communi- ty,”saidJohnMorisonIV,president and secretary of Hitchiner Mfg. “It reflects our strategy to expand our capabilities, strengthen our value stream, and build on Hitchiner’s legacy of innovation.” The shared services operations building completes Hitchiner’s
for nearly 20 years, we are honored and excited to bring his incredible talents to the Bayside community.” FOR FULL STORY VISIT NEREJ.COM
Perch Cowork coming to The Truette in Dover
Turner Grp. names George and Hall as senior associates
residents worked from home in 2024, and a Pew Research survey in 2023foundthat41%ofAmericans who worked remote-capable jobs elected to participate in a hybrid schedule. FOR FULL STORY VISIT NEREJ.COM
Jonathan George
Dan Hall
high-quality deliverables. Hall brings over 23 years of design experience to Turner Group, spanning commercial, office, res -
UPPER VALLEY Lebanon, Hanover, White River Jct. VT Home to Dartmouth College and Medical Center
43–243 ACRES Commercial or Residential. W/S, TIF district, 15 min. to Dart-mouith Medical Center & College . 13 units/ac. $2,950,000 200 ACRES ADD ON. $1,900,000
1 ACRE W/DRIVE THRU I-89 & I-91 exit 40,000 VPD, 2400SF-5 bays $825,000
James P. Ward Licensed Broker NH & VT 603-448-8000
264 Lafayette Rd. #10, Portsmouth, NH EquityGroupRealtors.com
42 ACRES HEAVY INDUSTRIAL Claremont NH, Water, sewer, high power, rail Interstate 91 6 miles $595,000
LEBANON/HANOVER Gateway, 100% location, Direct frontage Rt. 120 & I-89, 8.8 acres. Level, prepared site $6.500,000
NEW ENGLAND
12 January 9, 2026
2026 NEW ENGLAND REAL ESTATE JOURNAL VIRTUAL WEBINAR
CAPITAL VISION 2026:
STRATEGIC FORESIGHT IN CRE FINANCE
SPEAKERS
JANUARY 14, 2026 VIRTUAL WEBINAR 9:30am-10:30am TOPICS OF DISCUSSION
MICHAEL CHASE NORTHMARQ
DAVID FEESER 1031 SPECIALISTS
Forward-looking initiative designed to decode the emerging trends, technologies, and capital flows reshaping commercial real estate finance, 1031 Exchange, private finance and conventional financing. REGISTER NOW! Tickets $49 https://events.humanitix.com/capital-vision
MICHAEL CORRIGAN J&M BUSINESS CAPITAL
NEREJ ANNUAL CORPORATE SPONSOR
NEREJ ANNUAL SPONSORS
WEBINAR SPONSORS
SPONSORSHIP AND SPEAKING OPPORTUNITIES AVAILABLE.
Contact Rick Kaplan rkaplan@nerej.com FOR MORE INFORMATION 800-654-4993, ext. 247
NEW ENGLAND
January 9, 2026 13
Greene of Compass Providence sells 349 Wayland Ave. for $3.75 million
Saugatuck reps. Aubuchon Hardware in first Aubuchon/Ace cooperative in RI
RICHMOND, RI Penny Wickey and Laure Aubuchon of Saugatuck Commercial Real Estate (SCRE) represented Aubuchon Company in purchasing the former Wal- greens pharmacy at 21 Kingston Rd. The purchase facilitated the relocation of the recent acquisition of Wyoming Ace Hardware in WyomingbyAubuchonHardware andwillberebrandedasAubuchon Ace Hardware. WyomingAceHardwareopened in 2003 and was owned and oper- ated by Rick and Linda Osborne. “Rick built Wyoming Ace Hardware with heart, purpose, and PORTSMOUTH, RI Mott & Chace Sotheby’s International Realty completed the sale of 230 Briar- wood Ln., for $4.5 million. The sellers were represented by Joseph Costa and Kylie McCollough, both sales associates of Mott & Chace Sotheby’s International Realty. Benjamin Willett of Serhant Rhode Island represented the buyers. According to data from the MLS, this is the highest sale in town since the sale of 483 Vanderbilt Ln. in December of 2024 in which Mc- Collough also represented clients. “Sea Farm”, an eight-acre es- tate designed by Estes Twombly Architects, blends modern style
PROVIDENCE, RI Compass negotiat- ed the sale of 349 Wayland Ave. for $3.75 million. Kira Greene,
founding agent of Compass Providence, represented the seller in this transaction. According to RI Statewide MLS, this is
a deep connection to the commu- nity,” said William Aubuchon, IV, president & CEO. “For more than 22 years, he’s created more than just a store, he’s built a trusted place where neighbors come together. We’re honored to carry that spirit forward as we open our first store in Rhode Island and reimagine it in a new location in Richmond.”
Kira Greene
the highest sale ever recorded on Wayland Ave. on the East Side of the city, and the fifth highest sale in the city, YTD. “Hanley House” is situated in Wayland Sq. The four floor home contains five bedrooms, five full and one half bathrooms over 6,138 total s/f. The property has cathedral ceilings, exposed beams, a fireplace, cedar sauna, wine cellar and full outdoor
Mott & Chace Sotheby’s International Realty completes $4.5 million sale in Portsmouth, RI
kitchen with pergola. “Honored to represent the sale of the iconic Hanley House in Wayland Square,” said Greene. “This timeless estate was master- fully reimagined with extraordi-
nary care and detail. I’m beyond thrilled for my seller, whose talent shines through every corner, and for the wonderful new owners who get to make this stunning home theirs.”
to communi- ty support by presenting a $3,000 check to the Northern Rhode Island Food Pantry and a $1,275 donation to the CRANSTON, RI The Northern Rhode Island Board of Realtors (NRIBR) has installed its 2026 officers and directors. The new board was offi - cially installed at the association’s 105 th annual meeting. The event also celebrated achievements with several award presentations and highlighted NRIBR’s commitment Noonan Lombardi installed as 2026 NRIBR president Aliesha Noonan Lombardi Realtors Relief Foundation. Aliesha Noonan Lombardi, with Noonan Lombardi, Realtors, has been installed as the 2026 president of the NRIBR. She has served in multiple leadership roles including 2025 president-elect and has been on the Board of Directors since 2021.
with classic New England charm. Views over gardens and conser- vation land flow directly into the indoor-outdoor living in which the home shines with a Solisysteme pergola, 2,000 s/f granite terrace, and a saltwater pool. A separate four-car garage with a studio apart- ment adds versatility for guests or creative work.
• 2,867± SF First Floor Retail • Central Business District Location • Existing Restaurant FF&E • Professional & Student Client Base
• 7,738± RSF; Over Two Floors • Private Offices • Conference Room • CVS Anchored Office Park
FOR LEASE MORGAN-ROCK HILL BLDG. 204 WESTMINSTER STREET, PROVIDENCE, RI
FOR LEASE UNIT 101 & 102 A 1300 HIGHLAND CORPORATE DRIVE, CUMBERLAND, RI
• Multi-Level mix of Retail & Residential
• 6,612± SF Building on 0.63± Acres • 100% Leased Until 08/2029 • Set Up for Movie Production • Quick to I-195, I-95, Downtown Providence and Seekonk, MA
• High End East Side Location • Neighbors Brown University & Resident Halls • New Construction- Built in 2023
FOR SALE 235 MEETING STREET, PROVIDENCE, RI
FOR SALE 66 VALLEY STREET, EAST PROVIDENCE, RI
For more information contact: info@sreari.com | 401.331.9300 https://www.sreari.com/properties/
NEW ENGLAND
14 January 9, 2026
PROOF
MOVERS & MILESTONES Costantini retires from Hoffmann Architects + Engineers
BRAINTREE, MA According to Af- fordable Housing and Services Collaborative, Inc. (AHSC), a non- AHSC names Benjamin as an assistant development manager
TOP DOGS Commercial Real Estate Program celebrates Class of 2025
GUILFORD, CT Grey Ledge Advisors (GLA) is pleased to announce the appointment of Michael Schulitz, CFP, CAIA, as president. Schu l i t z Grey Ledge Advisors appoints Schulitz as the firms new president
NEW HAVEN, CT According to Hoff- mann Architects + Engineers, a design firm specializing in the rehabilitation of building ex- teriors, Debo- rah Costantini, AIA, senior architect, has retired. Her last day with the firm was December 19, 2025, marking 20 years of service. Costantini joined Hoffmann in 1997 as a project manager, ap- plying her degree in architectural engineering from Roger Williams University to building enclosure rehabilitation projects. After two years, she left her position to care for her two young sons, then returned to Hoffmann in 2007 as project architect. In 2014, in recognition of her leadership and technical knowledge, Costantini was promoted to senior architect. Three years later, founder John Hoffmann,FAIAofferedCostanti- ni ownership stakes in the compa- ny, and she became a shareholder. Since then, she has helped shape the growth and direction of the firm and has become Hoffmann’s senior specialist in roofing, leading project teams and training emerg- ing professionals in the nuances of technical details and forensic investigation. Freytag joins Holland & Knight’s Private Wealth Services Group BOSTON, MA Holland & Knight has strengthened its Private Wealth Services Group, the larg- Deborah Costantini
profit organiza - tion that owns and develops affordable rent- al communi- ties, has added Shanon-Imani Benjamin as an assistant development
joins GLA as the firm con- tinues to build on its track re- cord of strong year-over-year
Michael Schulitz
Shanon-Imani Benjamin
growth and commitment to deliv- ering on behalf of its clients. He will report to Ken Russell, who remains chief executive officer, and will continue to guide the firm’s strategic direction and pursue new growth opportunities. “Our success has always been built on the strength of our people and the trust of our clients. Mike brings both deep expertise and genuine care for clients, and I’m proud to support him as he takes on this leadership role,” said Russell. HUNT Real Estate/ERA Key names Evans as regional vice president WORCESTER, MA According to HUNT Real Estate, Dave Evans has been appointed regional vice
manager. In this role, she will assist the organization on multiple project initiatives that support AHSC’s development team. She will work with a variety of key stakeholders in all phases of the real estate de- velopment process from project concept to completion. MountainOne promotes Barrow to commercial portfolio manager NORTH ADAMS, MA MountainOne promotes Peter Barrow to com- mercial portfolio manager. In this role,
PROVIDENCE, RI Elite Commercial Realty Group, in collaboration with HomeSmart, celebrated the graduation of the Commercial TOP DOGS Class of 2025, mark- ing the successful completion of an intensive commercial real estate training program focused on building high-performing CRE professionals. The TOP DOGS program, led by Michael Alves, trainer and program leader, is designed to provide agents with real-world commercial expertise, including market analysis, deal structur- ing, prospecting strategies, and disciplined execution. The 2025 class demonstrated outstanding North Easton Savings Bank named to the Top Place to Work list EASTON, MA For the fourth consec- utive year, North Easton Savings Bank has been named one of the Top Places to Work in 2025 by The Boston Globe . This news caps a year full of awards and achievements, includ- ing being named to Newsweek ’s 2025listofAmerica’sBestRegion- al Banks and Credit Unions and receiving a Corporate Citizenship Award from Boston Business Jour- nal as one of Massachusetts’ top corporate charitable contributors for the year. Additionally, Jeffrey Charnel, vice president com- mercial banking at North Easton Savings Bank, was recognized this year as one of “40 Under 40” by Boston Business Journal . TherecentFDICDepositMarket Share Report also highlighted the bank’s emergence as a standout performer, capturing more than one-third of all market growth across its region, and earlier this year, North Easton Savings Bank announced a strategic partnership with Greenlight Financial Technol- ogy, Inc. in an effort to emphasize financial literacy among youth. “We are honored to be rec- ognized once again,” said Rich Spencer, president & CEO.
commitment by fully engaging in the program and applying its principles to live commercial scenarios. Graduates of the TOP DOGS Class of 2025 include: Mathew Card, Ryan Traynor, Eric Ouhrabka, Wilfredo Tangui, Jessica Rebello, Yolanda Nazario, Donna Dalton, Holly Regoli, and Gina Ronci. Special recognition is extended to Dean deTonnancourt, owner of HomeSmart, for his continued leadership and investment in professional development, and for supporting initiatives that elevate commercial real estate education and performance. BROOKLINE, MA Chestnut Hill Realty has received a top ranking on the nationwide 2026 Best Places to Work in Multifamily list, produced annually by the Multifamily Inno- vation Council. CHR placed #25 on the list of companies managing 5,000-20,000 apartments, and is the highest ranking employer in New England. The Best Places to Work program recognizes organizations that create the strongest employee experiences in the apartment indus- try. This is the sixth consecutive year Chestnut Hill Realty has been named to the list and sixth time CHR has placed in the top 25. Rankings are determined through an independently con- ducted national survey based on confidential employee feedback. This method ensures that the results reflect the authentic experiences of the people who work at these organizations. Companies in the multifamily industry opt-in to participate in the survey. “When our employees feel supported and aligned with our mission – Managing People’s Homes with Pride – everything improves,” said Ed Zuker, CHR founder and CEO. “We take pride in our company culture.” Chestnut Hill Realty recognized for workplace excellence
Barrow plays a key part in sup- porting the suc- cess of Moun- tainOne’s com- mercial lending relationships.
president for the company’s Massachusetts region, home to ERA Key Realty Ser- vices. Evans brings more than two
Peter Barrow
He brings financial insight, credit analysis expertise, and thought- ful collaboration to the lending process, working closely with commercial loan officers and business clients to ensure financ - ing solutions are well-structured and aligned with business needs. Barrow will also monitor and man- age existing loan relationships to support long-term portfolio health and client growth. Skanska names Cheney as a program director BOSTON, MA Skanska has appoint- ed Jason Cheney as a program director for Skanska’s Integrat-
Dave Evans
decades of leadership experi- ence in real estate management, brokerage operations, and team development, over 14 of those years with HUNT. In his current role as regional vice president for HUNT’s Capital Region in New York, he has strengthened performance by elevating sales professional support, fostering collaboration, and advancing service-driven strategies. In this expanded role, Evans will focus on strengthening sales professional resources, enhancing recruiting initiatives, and sup- porting the continued growth of ERA Key Realty Services and the broader Massachusetts region as part of HUNT’s commitment to full-service real estate across New York and New England. He will continue to serve concurrently as regional vice president for the HUNT Capital Region, extending his leadership across two of the organization’s most strategically important markets.
est practice of its kind in the country, with the addition of partner Dara Lynn Freytag. Freytag’s experience in- cludes advis-
Dara Lynn Freytag
ing clients on multigenerational wealth transfers, business suc- cession planning, gift and income tax planning, charitable planning, prenuptial agreements and estate administration. She is well-versed in drafting and designing sophisti- cated estate plans and transfer tax planning strategies. Freytag began her legal career working in the Norfolk County Probate and Family Court in Can- ton, Mass., and in the Estate and Gift Tax Division of the Internal Revenue Service in Boston prior to entering private practice.
ed Solutions (SIS) group. Cheney brings more than 20 years of expe- rience in the industry and a robust track record in con-
Jason Cheney
struction leadership, business development and preconstruction management across healthcare, higher education and institutional markets.
NEW ENGLAND
January 9, 2026 15
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