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Boston & New England  + Metro Boston  + Industrial  | 
Berkeley Partners has acquired 550 Forbes, a single-tenant warehouse totaling 215,575 square feet located in Mansfield, MA.

Berkeley Partners Takes Single-Tenant Mansfield Warehouse in Sale-Leaseback Deal

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.

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JLL's Restivo

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
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