|Wells Park complex has new owners
If you’re one of the 29 companies located at the Newton office complex known as Wells Park, you now have a new landlord and you’re going green.
Boston-based Taurus Investment Holdings has acquired the three-building portfolio at 7-57, 75-85-95 and 199 Wells Ave. from Angelo, Gordon & Co. and Jumbo Capital Management for $92 million.
Taurus said in a statement that it plans to transition Wells Park to a low-carbon, energy efficient office park by replacing the existing natural gas heating with highly efficient air-source heat pumps, installing roof-top and carport solar panels and LED lighting retrofits, and energy management system upgrades.
The portfolio – a total of 377,696 rentable SF --is currently over 93% leased.
Tenants include Sally Mae Corporation, Newton-Wellesley Hospital, Karyopharm Therapeutics, Ascensus and Adviser Investments.
Other need to knows
Learn more about the export business
- The Massachusetts Health Connector's open enrollment period closes Jan. 23. State residents are eligible to enroll in health insurance coverage through the Connector for the first time. Existing members can shop for a new health insurance plan that meets their needs. Details.
- WY has published this list of four recommendations for nonprofits looking to evaluate their DEI efforts in 2022. (via Mass Nonprofit Network)
- Dozens of business executives are urging US Senate leaders to change the filibuster to pass voting rights legislation (The Hill)
- Newton is now limiting NewMo rideshare service trips to two passengers instead of three, due to the recent COVID surge. The city is also adding a seventh vehicle to its NewMo fleet, reports John Hilliard at the Globe. The public cost of a ride is $2. Businesses and other organizations also have the option to cover the cost of rides for employees or customers. Details.
- The MetroWest Daily News will soon be a little less daily. They're eliminating their Saturday print editions starting March 5 (BBJ)
Massachusetts Export Center’s virtual Export Expo on Jan. 27-28, will focus on the challenges and developments in the global trade environment, including the continued impact of regulation, policy and the pandemic on global trade operations.
Critical issues such as global supply chain challenges, tightening export controls, trade with China, tariff policy, stepped-up enforcement and more will be addressed, with a focus on helping companies to navigate a dynamic and increasingly complex global trade environment. Details.
From rags to recycling
Newton and Watertown residents are eligible for curbside pickup of clean, dry, and bagged clothing and fashion accessories through HELPSY, the largest clothing collector in the northeast.
HELPSY has collected nearly 3,000 pounds of clothing during the first month of curbside pickup in Watertown, according to the Watertown News. Schedule a pick up here.
Pizza at your price
Finally, this morning, here’s a nice story from Laura Daley for the Globe about a pizza joint that has found a unique way to stay afloat while helping those in need.
Since March 2020, family-run Pan’s Pizza in South Hero, Vt., has been offering a pay-what-you-can system, based on what they call their boat model of payments.
Customers who choose the “green boat” pay full price. Those who choose the blue boat identify as being “impacted by financial hardship due to COVID-19,” and pay 75 percent of their order. Yellow boaters self-identify as being able to pay 50 percent. Those in the orange boat pay 25 percent. White boaters have been “seriously impacted” and pay nothing, writes Daley.
Nearly two years in, Pan’s owners say they haven’t lost money, nor has anyone abused the system,