Kraft Group seeks to build $16B data center campus: The Boston deal sheet. The owner of the New England Patriots is getting into the data center game and planning a rare large-scale development in Massachusetts. The Kraft Group has proposed a $16B data center campus that, if fully built out, would span 10 buildings and draw 900 megawatts of power, MassLive first reported. The project in the small town of Sutton, about 10 miles south of Worcester, would be the largest of its kind in New England. If approved, the company aims to open the first two buildings in 2029 and two additional buildings each year through 2033. The first two buildings would pay roughly $10.4M annually in property taxes starting in fiscal year 2031. The Kraft Group is owned by Patriots owner Robert Kraft. The land is owned by Kraft's Unified Global Packaging Group, The Boston Globe reported. Data center development in Massachusetts has been slow as the state's limited land and access to power haven't attracted much investment. Additionally, Gov. Maura Healey signed an executive order in September adding new hurdles for the industry that some experts expected would keep large developers out of the state. In other parts of the state, communities have made it clear that data center development is unwelcome. Last month, the Westfield Planning Board denied a permit extension to developer Servistar Realties for its more than 150-acre, $4B data center proposal. LaSalle Investment Management acquired a 54K SF truck terminal in Northborough for $36M. The seller was NorthBridge Partners. The 25-acre site at 300 Bartlett St. is fully leased to FedEx Freight. A JLL Capital Markets team led by Michael Restivo, David Coffman and Tommy Hovey represented the seller. Hersha Hotels & Resorts sold the 130-room Home2 Suites Boston South Bay hotel to an undisclosed buyer. The hotel at 15 Jan Karski Way in Dorchester was completed in 2020. The property is adjacent to the South Bay shopping center. JLL's Alan Suzuki, Matthew Enright and Alexa Amorosino represented the seller. Healthpeak is under contract to acquire the remaining 51% ownership interest in its 100 Acorn Park Drive property in Cambridge for $36M, according to the REIT's third-quarter earnings. Healthpeak acquired the 605K SF Cambridge Discovery Park campus for $664M in 2020 with Bulfinch Cos., which bought the majority stake in the Acorn Park Drive property. The building is 53% leased. The pending transaction would give Healthpeak full ownership of its four-building campus. WinnDevelopment locked down $48M in construction financing for its 116-unit mixed-income The Waterhouse community for deaf, deafblind and hard-of-hearing seniors in Danvers. WinnDevelopment has partnered with the New England Homes for the Deaf on the project. The 137K SF development is underway, with completion scheduled for spring 2028. MassDevelopment provided a $1.8M bridge loan to an affiliate of Bluestone Residential for the conversion and renovation of a former Worcester industrial building into 58 apartments. Bluestone is partnering with Civico Development on the project. The project has also secured a $7.5M loan from Clinton Savings Bank and $2.5M in historic rehabilitation tax credits. The development is expected to be completed within the next two years. CONSTRUCTION AND DEVELOPMENT JGE Development has broken ground on its Mission Hill Pathway development, which consists of 48 homeownership units, public open space and sustainable design. The project's sponsor is ODJ Dev. LLC, a collaboration of local affordable housing developers Oxbow Urban, DMV and JGE Development. The project will be built across several formerly vacant city-owned properties. Construction is set to be completed in 2028.

Commercial Real Estate 11-10-26. Sales Transactions 1. LaSalle Investment Management acquired Building B at 303 Crossroads, a 734KSF industrial building in Glendale, for $109.5M. The seller was Clarius Partners, which developed the 98.6-acre, two-building industrial park alongside Peakline Real Estate Funds. Building B is leased to Scotts Miracle-Gro. 2. JLL Capital Markets announced the $108.7M sale of Arizona Grocery Portfolio, a seven-property, 422.9KSF grocery-anchored retail portfolio located across Phoenix and Tucson. JLL represented the seller, A&C Properties Inc. 11North Partners acquired the asset. 3. Gantry secured $27.9M in structured financing for the acquisition of Tubac Golf Resort & Spa at 65 Avenida de Otero in Tubac. The resort sits on more than 500 acres and features 98 rooms and suites, including 17 private casitas, a 27-hole golf course and a full-service spa. Adam Parker and Andrew Christopherson of Gantry's Phoenix production office represented the borrower, a private real estate investor. The financing combines a five-year fixed-rate loan from a regional bank with a 25-year SBA 504 loan funded through a Certified Development Company. Both loans carry a 25-year amortization. 4. CBRE arranged the $19.7M sale of Thunderbird 101, a 143.6KSF, two-building office park at 14050 and 14100 N. 83rd Ave. in Peoria. The buyer group included Holualoa Companies and David Walter of DWRE. CBRE's Geoffrey Turbow and Anthony DeLorenzo represented the seller. CBRE Property Management will manage the property, while Ashley Brooks and Jasmina Bays will lead leasing efforts. 5. Vestar recently purchased roughly 20 acres of land at the SWC of Deer Valley Road and North Black Mountain Blvd. in Phoenix via an Arizona State Land Department auction for $10.35M. Vestar is planning a 120KSF shopping center called Black Mountain Village. 6. Steel Peak acquired an industrial outdoor storage property at 8079 W. Olive Ave. in Peoria for $4.15M. The 2.95-acre property includes an 8.1KSF masonry building with 3.2KSF of shop space and 4.9KSF of office space, six grade-level doors, 16-foot clear height and 800-amp, 3-phase power. The site features perimeter block walls, gated access and two points of access along West Olive Avenue. Steel Peak Director of Acquisitions Aaron Gill led the acquisition. 7. 140 Alameda, LLC purchased a 1.1-acre surface parking lot at 139 E. Toole Ave. in Tucson for $4M from ALEH-ZON, L.L.C. The property includes 148 parking spaces and is zoned I-1 by the City of Tucson. Ben Becker, John Ash and Adam Becker with CBRE represented the seller, while Lori and Cameron Casey with Oxford Realty represented the buyer. 8. Larsen Baker's affiliate, Kolb Office Investors, LLC, recently spent $3.22M to purchase the Kolb Executive Park office campus at 1580-1670 N. Kolb Road in Tucson. Kolb Executive Park LLC sold the 29.3KSF office complex. The buyer was represented by its own Isaac Figueroa and Sam Sufi. The seller was represented by CBRE's Bruce Suppes and Jamie Swirtz. 9. Steel Peak acquired a 2.09-acre industrial outdoor storage property at 2435 W. Broadway Road in Phoenix for $2.95M. The property includes a 3.3KSF shop building and a 3.3KSF covered canopy, four grade-level doors, 14- to 20-foot clear heights, evaporative cooling and a fenced, asphalt-paved yard. The property is zoned A-1 (Light Industrial) and is approximately two miles from Interstate 17. Steel Peak Director of Acquisitions Aaron Gill led the acquisition. Lease Transactions 10. Ryan Companies US, Inc. and Principal Asset Management secured major leasing commitments at Queens Crossing at Chandler Airpark, a 437.5KSF, three-building Class-A industrial park in Chandler. OEG, Inc. leased all of Building A, totaling 94.1KSF, while Artivo Surfaces committed to approximately 43KSF in Building B. Ownership was represented by Steve Larsen, Jason Moore, Pat Harlan and Katie White of JLL. Matt Hobaica of Lee & Associates represented OEG, and Scott Maxwell of Cresa represented Artivo Surfaces. 11. JLL announced it signed the final lease at KV Casa Grande. The project was developed by Kentwood Ventures. KV Casa Grande totals 314.5KSF on 18 acres at 1550 W. Lawrence St. The exclusive leasing brokers are Anthony Lydon, John Lydon, Hagen Hyatt and Kelly Royle. 12. Tucson Commercial Carpet leased 14.9KSF of industrial space at Valencia Tech Park, 3000 E. Valencia Road, Suite 190 in Tucson from Valencia Tech Park, LLC. Kameron Norwood with Cushman & Wakefield | PICOR represented the tenant. Sam Sufi and Isaac Figueroa with Larsen Baker, LLC represented the landlord. 13. Midwest Battery LLC expanded its Tucson branch by 10KSF of industrial space at Park/Ajo Commerce Center, 3770 S. Park Ave., Suite 102 in Tucson, from Park/Ajo Associates, LLC. Kameron Norwood and Stephen D. Cohen with Cushman & Wakefield | PICOR represented the landlord.