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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