January 14, 2021
A joint venture in between Boston-based Oliver Street Capital as well as Bain Capital Real Estate has obtained an eight-building commercial portfolio in Wilmington, MASS. for $154 million. Scott Dragos, Doug Jacoby, Chris Skeffington, Tony Hayes, Tim Mulhall, Roy Sandeman and Daniel Hines of CBRE stood for the seller, I. Fred Dicenso Trust Fund LLC, in the deal.
The profile is spread across greater than 49 acres and is presently 96% rented to 27 occupants. Remarkable lessees include Pet crate & & Barrel, Power Sciences, 3Step Sports as well as Altro USA Inc. The residential properties offered consist of 21, 42, 65 and also 80 Industrial Method; 42 and 80 Back Industrial Method; 1 Development Means and also 844 Woburn St.
“Boston is a target market on all capitalists’ radar right currently, as well as it’s seldom a true infill industrial collection appears,” claimed CBRE’s Dragos. “What this profile uniquely offered was its scale, place, closeness to I-93 and the mark to market possibilities. I. Fred DiCenso Count on did every little thing right for many years by keeping such top quality criteria as well as creating and also managing the properties, which resulted in an exceptionally competitive sales procedure.”
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