Investment firm The Davis Cos. has acquired a four-property industrial flex portfolio in Wilmington and Methuen, MASS. The sales price was reported as $44.2 million.
The four-property portfolio totals 156,276 square feet and also includes a fully entitled development site that can support up to 235,000 square feet of new product.
Kerry Hawkins of JLL represented the seller in the transaction, Massachusetts-based investment firm PGA Realty Co. The portfolio was fully leased at the time of sale.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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