October 5, 2020
Boston-based property company Cabot, Cabot & & Forbes (CC&F) has actually obtained 67 Smith Location, a 66,964-square-foot industrial structure in Cambridge. The list prices was $49.6 million.
The facility is currently inhabited by the City of Cambridge Police Department, with area for additional renters. The site adjoins CC&F’s master-planned growth referred to as the Quad, a prepared mixed-use project with 485 multifamily units, 60,000 square feet of ground-floor retail as well as 575,000 square feet of lab area. CC&F secured $21 million in equity for the acquisition from specific investors with industrial realty investing platform CrowdStreet.
“Our financiers responded extremely positively to this industrial home offering located in the nation’s # 1 Life Sciences Passage where space remains a costs in spite of the pandemic,” said Darren Powderly, founder at CrowdStreet. “We attribute this impressive $21.4 million on the internet resources raise to the attractive purchase rate combined with an audio company strategy to be implemented by among Boston’s oldest personal genuine estate firms.”
The vendor was not divulged.
Published at Mon, 05 Oct 2020 17:56:45 +0000