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12/13/2023
 
Posted By: DreamingCode Admin
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.


11/28/2023
 
Posted By: DreamingCode Admin
Quincy-based Jumbo Capital acquired a seven-building office portfolio in Wellesley that is home to a handful of medical and small professional services businesses.


05/01/2023
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
Bedford, MA Privately held real estate investment firm, Jumbo Capital has sold its 100 Crosby Dr. property to RedGate, a strategic real estate advisory and investment firm headquartered in Boston with offices in Baltimore and New York City. The sale price was not disclosed.


03/01/2023
 
Posted By: DreamingCode Admin
Cushman & Wakefield has helped Jumbo Capital Management, LLC facilitate the lease of office space for three new companies at 150 Royall St, Canton, MA ...


03/01/2023
 
Posted By: DreamingCode Admin
Three tenants have signed leases totaling over 59,000 square feet in Newton’s Wells Park. The 370,000-square-foot office campus was recently updated...


03/01/2023
 
Posted By: DreamingCode Admin
Burlington, MA Surus Development & Construction, LLC has broken ground on a new 120,000 s/f self-storage facility for affiliated company, Jumbo Capital Management, LLC.


03/01/2023
 
Posted By: DreamingCode Admin
Lowell, MA – Jumbo Capital Management, LLC acquired 75 Technology Drive from Suffolk Advisors in an off-market transaction facilitated by Anthony Biette of Peak Real Estate Partners.


03/01/2023
 
Posted By: DreamingCode Admin
Waltham, MA NKF Capital Markets has completed the sale of Stony Brook Office Park to Jumbo Capital and Sound Mark Partners for $80.058 million.


03/01/2023
 
Posted By: DreamingCode Admin
Everett, MA Connolly Brothers is partnering with Jumbo Capital Management, LLC to construct their Jumbo Self Storage Facility at 1901 Revere Beach Pkwy. The six-story 130,000 s/f building is....


03/01/2023
 
Posted By: DreamingCode Admin
Bedford, MA Jumbo Capital Management has acquired Xchange at Bedford for $107.75 million from The Davis Companies. The property features...


03/01/2023
 
Posted By: DreamingCode Admin
Bedford, MA “Looking back just 18 months ago, you would have had to be quite convincing to get investors to even consider the suburbs. That’s really changed in past six to nine months.”.....


03/01/2023
 
Posted By: DreamingCode Admin
Penniman on the Park, a new-construction condominium building in Allston featuring 36 high-end residences, will begin pre-sales next week starting at $500,000.


03/01/2023
 
Posted By: DreamingCode Admin
Boston, MA Transwestern Consulting Group (TCG) has brokered six leases on behalf of Jumbo Capital Management that bring 50 Congress St. to 92% occupancy.


03/01/2023
 
Posted By: DreamingCode Admin
Quincy-based Jumbo Capital and Sound Mark Partners of Greenwich, Connecticut have acquired a Waltham office park for $80.1 million.


03/01/2023
 
Posted By: DreamingCode Admin
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
 
Posted By: DreamingCode Admin
Ranked by Total sq. ft. managed in Mass.


03/01/2023
 
Posted By: DreamingCode Admin
NORWOOD—Jumbo Capital Management quickly gained an appetite for flex product in December buying the stabilized 575 University Ave.


03/01/2023
 
Posted By: DreamingCode Admin
Jumbo Capital Management teamed up with equity partner Boston Andes Capital to acquire the Rivertech Park in Billerica, MA from KBS Real Estate Investment Trust. Terms of the deal were not disclosed.


03/01/2023
 
Posted By: DreamingCode Admin
Billerica, MA KBS Real Estate Investment Trust completed the $45 million sale of Rivertech Park. The complex was purchased by Jumbo Capital Management and Boston Andes Capital.


03/01/2023
 
Posted By: DreamingCode Admin
West Bridgewater, MA Jumbo Capital Management, LLC (Jumbo) and Rhino Capital (Rhino) together acquired a 91,000 s/f facility, located at 393 Manley St. The property sits on Rte. 24.


03/01/2023
 
Posted By: DreamingCode Admin
Jumbo Capital Management (JCM), a Hingham-based, privately held real estate investment firm, has acquired 1900 Crown Colony Dr. Its newest acquisition is a first-class South Shore building located in the city's Crown Colony Office Park.


03/01/2023
 
Posted By: DreamingCode Admin
Rockland, MA Jumbo Capital Management, LLC (JCM) is making its mark on 2016 with its acquisition of 60,000 s/f at 1099 Hingham St. Jumbo who just finished up an aggressive 18 months, closing on over $150 million of real estate, purchased 1099 for $8.5 million.


03/01/2023
 
Posted By: DreamingCode Admin
A 330,000-square-foot, two-building office campus on Wells Avenue in Newton is expected to sell this week for a combined $62.3 million.


02/03/2023
 
Posted By: DreamingCode Admin
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:

  • 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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