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JV Snags Metro Boston Industrial Property for $76M

A joint venture between Griffith Properties and Dune Real Estate Partners have acquired Boston Dedham Commerce Park, a 632,188-square-foot industrial property in Dedham. The sales price was reported as $76 million.

Located at 65 Spraugue St., the property is nearby the Readville Commuter rail stop and was originally built in 1906 but underwent renovations in 2001 and 2013. The facility consists of five one- and two-story buildings leased to 33 tenants.

Robert Griffin, J.R. McDonald, Mike Frisoli, Tyler McGrail and Caroline Collett of Newmark brokered the sale on behalf of the JV as well as the seller, First Highland, which sold the property after 21 years of ownership.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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