In the News
03/06/2025
There's going tobe a lot more space to store stuff in Warwick given the appearance of the giant
self-storage facility going up at Jefferson Place near the northern end of Jefferson Boulevard.
Under construction on a 1.28-acre parking lot, the four-story, 120,000-square-foot building gained preliminary plan approval from the city Planning Board on May 10, 2023. The Zoning Board had previously granted the project dimensional variances for fewer- than-required parking spaces and less than required landscaping and side yard setbacks.
Under construction on a 1.28-acre parking lot, the four-story, 120,000-square-foot building gained preliminary plan approval from the city Planning Board on May 10, 2023. The Zoning Board had previously granted the project dimensional variances for fewer- than-required parking spaces and less than required landscaping and side yard setbacks.
08/29/2024
WESTMINSTER — Having turned the sand pit at Lot I-7 into a multi-million dollar gold mine through three years of improving. grading and permitting 48 acres here in the Westminster Business Park, a local investment trio including Jumbo Capital founding principal Jay O. Hirsh has sold its fully approved project at Theodore Drive to EIP , both sides are acknowledging while old friend Home Depot is in talks with EIP to lease space in the massive building, President Bruce A. Levine confirms, the homegrown company doing a build-to-suit warehouse for the same denizen in Tewksbury pre-pandemic, that structure even bigger at 702,000 sf already in operation.
07/16/2024
Privately held real estate investment firm, Jumbo Capital has completed the sale of its property at 1400 Providence Hwy., to Ajax Partners of New York. The 155,975 s/f flex space facility off of Rte. 1 is comprised of three separate single and multi-story buildings. Notable tenants include ADT, Stanley Black & Decker and Autopart International, among others.
03/22/2024
Size could very well matter, as some will claim, but perhaps not always favoring a certain direction, and one outlier to living large is emerging here at 30Dan Rd. where partners Jumbo Capital and Apollo Global Management have their135,600-square foot GMP/advanced manufacturing facility open for business through Colliers International at a moment when user appetites are leaning towards leaner space choices, a shift from bigger=better mindsets that created industrial behemoths statewide so cavernous at one million sf and counting experts say they cannot be chopped into French cuisine "portions."
03/12/2024
According to Colliers, the 135,600 s/f of purpose-built GMP/advanced manufacturing space has been completed at 30 Dan Rd. A Colliers team led by executive vice president Kevin Hanna and senior vice president Kevin Brawley is seeking a new tenant on behalf of the owners, Jumbo Capital Inc. and certain funds affiliated with Apollo Global Management.
12/13/2023
Boston – In a transaction arranged by CBRE, Vaisala, a public company (VAIAS.HE) which is a global leader in weather, environmental and industrial measurements headquartered in Vantaa, Finland, has inked a 28,000 sq.-ft. lease for office and lab space at GenLabs' 3 Van de Graaff Drive in Burlington, MA.
05/01/2023
Newmark and Jumbo Capital brokered four new office, life science and research & development (R&D) leases, totaling 49,255 s/f at Stony Brook, 130 Turner St. Newmark senior managing director Matt Malatesta, vice chairman Mike Frisoli, executive managing director Tyler McGrail and associate directors Margaret Fee and Eric Jeremiah represented the owner/landlord, Jumbo Capital, in the property leases.
03/01/2023
Privately held commercial real estate investment firm, Jumbo Capital has purchased two properties at 10 Lyberty Way and 3-5 Carlisle Rd. for a combined value of $42.95 million. Both properties are in the Suburban North Technology Corridor among such prominent neighbors as IBM, Abbott Laboratories, Nokia, Tyco, and Red Hat.
03/01/2023
The Boston office of Cresa, the world’s largest occupier-focused commercial real estate firm, and Newmark, a world leader in commercial real estate services, announced today the negotiation of a 22,000 square feet lease at Stony Brook (130 Turner Street) in Waltham, Mass. The lease is on behalf of Olink Proteomics (Olink) a Swedish company dedicated to innovation, quality, rigor and transparency, providing outstanding products and services for human protein biomarker discovery. Developed and managed by Jumbo Capital, the Stony Brook space will be undergoing a major office to Life Science conversion in the next few months to accommodate Olink as well as future life science prospects.
03/01/2023
Billerica, MA Privately held real estate investment firm, Jumbo Capital Inc. completed the sale of Rivertech Park for $85 million. Jumbo purchased the flex research and development property along Rte. 3 for $45 million in 2017. The property is the headquarter location of the parks tenants Nuvera and Entegris. The sale reflects a near doubling in value of the asset for Jumbo in four years.
03/01/2023
QUINCY MA- Jumbo Capital Inc. announced that the privately held commercial real estate investment firm has sold the former lottery building on Columbian Street in Braintree, MA to Mass General Brigham Integrated Health Care System for $14 million.
03/01/2023
Bedford, MA – Privately held real estate investment firm, Jumbo Capital has added a new biotech asset to its nearly 4.5 million square feet of owned commercial and residential real estate property in Greater Boston with the $72,500,000 purchase of One Patriots Park in Bedford, a 143,600+ sq. ft. life science facility recently repositioned by Longfellow Real Estate Partners and Bain Capital.
03/01/2023
Norwood, MA Jumbo Capital completed the sale of 575 University Ave. to King Street Properties Acquisitions, LLC for $16.6 million. Jumbo purchased the single story, R&D Flex building for $13.5 million in 2016.
03/01/2023
Andover, MA –Privately held real estate investment firm, Jumbo Capital announced the sale of 3 properties from its Research and Development portfolio to Rhino Capital Advisors, LLC.
03/01/2023
Quincy-based Jumbo Capital and Sound Mark Partners of Greenwich, Connecticut have acquired a Waltham office park for $80.1 million.
03/01/2023
Quincy, MA Integrated Builders has added the last steel beam to the 125,000 s/f Quincy Self Storage building located at 671 Washington St. Integrated was selected to build the new facility from the ground-up on behalf of owner GRE Quincy LLC. and development manager Jumbo Capital Management, LLC.
03/01/2023
Ranked by Total sq. ft. managed in Mass.
03/01/2023
NORWOOD—Jumbo Capital Management quickly gained an appetite for flex product in December buying the stabilized 575 University Ave.
02/03/2023
Waltham, MA Newmark and Jumbo Capital brokered four new office, life science and research & development (R&D) leases, totaling 49,255 s/f at Stony Brook, 130 Turner St. Newmark senior managing director Matt Malatesta, vice chairman Mike Frisoli, executive managing director Tyler McGrail and associate directors Margaret Fee and Eric Jeremiah represented the owner/landlord, Jumbo Capital, in the property leases.
The tenants and deals involved in the leases:
"Jumbo Capital continues to invest in the overall experience at Stony Brook, and these recent deals are a direct result," said Malatesta. "With diverse workspace offerings, all new amenities, proximity to a major university and public transit access, the Stony Brook campus will continue to see strong interest from the thriving greater Boston innovative ecosystem."
Developed and managed by Jumbo Capital, the 270,000 s/f lab and R&D campus, Stony Brook, has undergone a major office-to-life science conversion to accommodate these transactions with the unique ability to convert an additional 50,000 s/f in the main tower. Tenant amenities at the site include a fitness center with lockers and showers, a full-service cafeteria, a shared conference center, an outdoor lounge and patio and lobbies and common areas.
The property is located near I-90/I-95, in a neighborhood and is close to the MBTA Commuter Rail, three stops from Porter Sq. on the Red Line.
According to Newmark Research, the Rte. 128 lab market expanded to more than 6.2 million s/f of existing inventory in the third quarter of 2022—an 83% increase in lab space in just three years. Despite recording two consecutive quarters of increases, vacancies remain healthy at 7.3%. Moreover, 2.4 million s/f of lab space has been absorbed in this submarket since the beginning of 2019 as demand for suburban lab products increased throughout the pandemic. Asking rents have been on an upward trajectory for the better part of the last ten years.
Boston's west Rte. 128 office markets remain stable, with recent strength in life sciences helping to drive overall activity. Vacancies ended the third quarter at 13.5%, the lowest rate this submarket has experienced since mid-2020. Tenants remain focused on top-quality office assets that are highly amenitized.
The tenants and deals involved in the leases:
- 16,506 s/f new R&D lease to Veeco, tenant represented by Malatesta.
- 14,441 s/f new life science lease to Alcresta Therapeutics, tenant represented by Ned Halloran and Connor Hayes of Hunneman.
- 9,460 s/f new life science lease to Cugene, tenant represented by Pat Grady of Hunneman.
- 8,848 s/f new office lease to Opinion Dynamics, tenant represented by Adam Meixner of 128 CRE.
"Jumbo Capital continues to invest in the overall experience at Stony Brook, and these recent deals are a direct result," said Malatesta. "With diverse workspace offerings, all new amenities, proximity to a major university and public transit access, the Stony Brook campus will continue to see strong interest from the thriving greater Boston innovative ecosystem."
Developed and managed by Jumbo Capital, the 270,000 s/f lab and R&D campus, Stony Brook, has undergone a major office-to-life science conversion to accommodate these transactions with the unique ability to convert an additional 50,000 s/f in the main tower. Tenant amenities at the site include a fitness center with lockers and showers, a full-service cafeteria, a shared conference center, an outdoor lounge and patio and lobbies and common areas.
The property is located near I-90/I-95, in a neighborhood and is close to the MBTA Commuter Rail, three stops from Porter Sq. on the Red Line.
According to Newmark Research, the Rte. 128 lab market expanded to more than 6.2 million s/f of existing inventory in the third quarter of 2022—an 83% increase in lab space in just three years. Despite recording two consecutive quarters of increases, vacancies remain healthy at 7.3%. Moreover, 2.4 million s/f of lab space has been absorbed in this submarket since the beginning of 2019 as demand for suburban lab products increased throughout the pandemic. Asking rents have been on an upward trajectory for the better part of the last ten years.
Boston's west Rte. 128 office markets remain stable, with recent strength in life sciences helping to drive overall activity. Vacancies ended the third quarter at 13.5%, the lowest rate this submarket has experienced since mid-2020. Tenants remain focused on top-quality office assets that are highly amenitized.
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