Berkeley Partners has acquired 550 Forbes, a single-tenant warehouse totaling 215,575 square feet located in Mansfield, MA, in a sale-leaseback deal. The 100% leased 550 Forbes is occupied by FCA US LLC, a subsidiary of Stellantis, a global automobile and mobility provider.

Michael Restivo, Joe Fabiano, Dave MacDonald and Lenny Pierce of JLL represented the seller, FCA US (Stellantis). Brett Paulsrud, also of JLL, is handling the financing on behalf of Berkeley Partners, a principal investment firm focused exclusively on light industrial real estate.

“The property presented an exceptional opportunity to acquire premier physical product within an established business park with less than a 2% vacancy rate” said Restivo.

The property features 27-foot ceiling heights and 14 loading docks. It is situated within the Cabot Business Park, which sits at the intersection of Southern New England’s primary interstates of I-95 and I-495 for access to hubs such as Providence, Boston and Worcester.