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Boston & New England  + Boston  + Industrial  |  July 6, 2021
Industrial Area in Boston
Paul Bubny
By: Paul Bubny

Charlestown Industrial Portfolio Trades to Related Companies

CBRE Boston Capital Markets completed the $74.5-million sale of The Town Industrial Portfolio, a three-building complex totaling 110,898 square feet in Charlestown, MA. The Related Companies acquired the portfolio that includes 6 Bunker Hill Industrial Park, 420 Rutherford Ave. and 440 Rutherford Ave.

The CBRE team of Scott Dragos, Chris Skeffington, Doug Jacoby, Tony Hayes, Tim Mulhall, Roy Sandeman and Dan Hines arranged the sale on behalf of the seller, Center Court.

“We are excited with all the possibilities available to the new ownership of this excellent portfolio of buildings consisting of industrial, flex and R&D space,” said Dragos. “Not only do the properties offer top-tier specifications, but the infill location is also ideal for future redevelopment.” 

Situated on 4.37 acres in a prime infill location within Boston city limits, The Town Industrial Portfolio is located within minutes of Interstate 93, Route 1 and the Massachusetts Turnpike.

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Inside The Story

CBRE’s Dragos

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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