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Arden Logistics Parks has purchased an industrial portfolio consisting of eight properties located throughout the Boston metro area.

Arden Logistics Parks Buys $160M, Eight-Property Industrial Portfolio in Boston

Arden Logistics Parks has completed the $160-million purchase an eight-property portfolio of industrial facilities totaling 1.27 million square feet, its first major acquisition in the greater Boston area.

Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman and Dan Hines of CBRE represented the seller, Westbrook Partners.

The portfolio is located at 60 Maple Street, Mansfield, MA; 81 Commerce Drive, Fall River, MA; 55 Samuel Barnet Boulevard, New Bedford, MA; 45 Vineyard Road, Seekonk, MA; 20 Townsend Road, Attleboro, MA; and 10, 15 & 50 Commerce Drive, Norton, MA.

The facilities are currently 98% leased to 24 national, regional, and local tenants. Individual facilities have average clear heights of 24′ and a varying mix of office space.

“The acquisition of this portfolio allows us to establish meaningful scale in a hyper-local market where large portfolio trades are few and far between,” said ALP director of acquisitions Christian Vergilio. “Additionally, we believe that the greater Boston industrial market is one of the hottest in the country, as demand remains extremely high, driving rental rates to record levels. Over the last 18 months the industrial fundamentals have strengthened even further due to the exponential growth of e-commerce, stockpiling of inventory, and supply chain onshoring.”


Inside The Story

Arden Logistics Parks' Vergilio

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition