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Ares Acquires Five-Property Industrial Portfolio Scattered around Boston
Newmark has completed the sale of the RSF Industrial Portfolio, which comprises five distribution/logistics facilities located across suburban Boston, MA.
Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Brian Pinch, Samantha Hallowell and Allie Percoco of Newmark represented the seller, Wheelock Street Capital and The Seyon Group, and procured the buyer, Ares Management real estate funds.
The RSF Industrial Portfolio totals 295,602 square feet and encompasses 109-129, 116-120 and 128-140 York Avenue in Randolph; 180 Campanelli Parkway in Stoughton and 65 Green Street in Foxborough. The buildings are presently 75% leased to nine tenants.
“The RSF Industrial Portfolio’s assets are strategically situated along the Route 128/Interstate 95 corridor near its junctions with Route 24 and Interstate 495,” said Coskren. “These urban infill-type locations are well-positioned to attract industrial tenants — and particularly last-mile logistics users — that are being pushed out of the urban core.”
- ◦Sale/Acquisition
