Wilmington, MA – CBRE introduced the sale of a premier industrial portfolio comprised of eight buildings in Wilmington, Massachusetts. A three way partnership between Boston-based Oliver Road Capital and Bain Capital Actual Property acquired the belongings, totaling 687,000 sq. ft., for $154 million.
The veteran CBRE crew of Scott Dragos, Doug Jacoby, Chris Skeffington, Tony Hayes, Tim Mulhall, Roy Sandeman and Daniel Hines represented I. Fred Dicenso Belief , LLC within the advertising and sale negotiations.
“Boston is a goal market on all traders’ radar proper now, and it’s not fairly often a real infill industrial cluster turns into accessible,” famous CBRE Government Vice President Scott Dragos. “What this portfolio uniquely supplied was its scale, location, proximity to I-93 and the mark to market alternatives. I. Fred DiCenso Belief did all the pieces proper over time by sustaining such top quality requirements and creating and managing the belongings, which resulted in an especially aggressive gross sales course of.”
The portfolio, unfold throughout greater than 49-acres, is presently 96% leased to 27 tenants. Notable tenants embody Crate & Barrel, Vitality Sciences, 3Step Sports activities and Altro USA, Inc., amongst others.
The Boston Infill Industrial Portfolio consists of: 21, 42, 65 and 80 Industrial Means; 42 and 80 Rear Industrial Means; 1 Progress Means; and 844 Woburn Road.