CBRE has brokered the $55 million sale of the 93 North Industrial Portfolio, a four-building, 255,678-square-foot industrial portfolio in Wilmington, MASS. The buyer was a joint venture between Oliver Street Capital and Bain Capital Real Estate. The seller was Carlisle Capital, which had owned the portfolio for more than 20 years.
Located in the Metro North market, the portfolio is currently 88% occupied by a tenant roster that includes Bimbo Bakeries, Aramark, Tesla. Scott Dragos, Chris Skeffington, Doug Jacoby, Tim Mulhall, Tony Hayes, Roy Sandeman and Daniel Hines of CBRE represented both the buyer and the seller in the transaction.
“Carlisle Capital has a long history of outstanding management of the 93 North Portfolio over their 20 plus years of ownership, and the bidding process was very competitive,” said CBRE’s Dragos. “The assets were perfectly positioned to capitalize on the rising demand for industrial space in the greater Boston region. There is no doubt that the business plan the new owners have envisioned will ensure success at these properties for years to come.”
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.