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Boston & New England  + Metro Boston  + Industrial  | 

Stockbridge Acquires Low-Coverage Walpole Industrial

 JLL Capital Markets arranged the $26-million sale of 295 Union St., a low-coverage, 85,159-square-foot industrial property located in Walpole, MA. Managing director Michael Restivo and directors David Coffman and Tommy Hovey represented the sellers, Casco Real Estate Partners and Berkeley Partners. Stockbridge acquired the asset.

“295 Union Street is a rare find – a low-coverage, Class A industrial asset in Boston’s severely supply-constrained infill market,” said Restivo. “Its strategic location, modern specifications and roster of quality tenants will set it up to capitalize on the ongoing imbalance between industrial supply and demand in the region.”

Located in Norfolk County, 295 Union is leased to a mix of high-credit tenants, including Tesla, Home Depot and Goodyear. The property was recently repositioned to meet the needs of today’s institutional tenancy, according to JLL. It was leased up by JLL’s Joe Fabiano and Michael Ciummei, who also supported the sale process.

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JLL's Restivo

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).

  • ◦Sale/Acquisition
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