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Link Logistics Spends $175M to Acquire Six Industrial Buildings in MA
CBRE has completed the sale of a six-building industrial portfolio within Metro Boston totaling 802,194 square feet. Link Logistics Real Estate acquired the assets for $175 million.
At the time of sale, the portfolio was 100% leased to eight tenants with 36.2% below market rents and a weighted average remaining lease term of 6.31 years.
“The Boston industrial market continues to hit on all cylinders with record-setting leasing fundamentals acting as a magnet for some of the nation’s largest capital sources,” said Chris Skeffington with CBRE. Skeffington, along with CBRE associates Scott Dragos, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall and Dan Hines represented the seller, AEW Capital Management.
The buildings are located on Forge Parkway in Franklin; Dascomb Road in Andover; Industrial Way in Wilmington; Sunnyslope Avenue in Tewksbury; South Street in Hopkinton; and Technology Drive in Auburn, MA.
Photo: 12 Forge Parkway in Franklin, MA
- ◦Sale/Acquisition
