December 10, 2020
CBRE has actually agented the $55 million sale of the 93 North Industrial Profile, a four-building, 255,678-square-foot commercial portfolio in Wilmington, MASS. The buyer was a joint venture in between Oliver Street Resources as well as Bain Funding Property. The vendor was Carlisle Funding, which had had the profile for greater than 20 years.
Located in the City North market, the portfolio is currently 88% occupied by a lessee roster that includes Bimbo Bakeries, Aramark, Tesla. Scott Dragos, Chris Skeffington, Doug Jacoby, Tim Mulhall, Tony Hayes, Roy Sandeman as well as Daniel Hines of CBRE represented both the purchaser as well as the seller in the transaction.
“Carlisle Capital has a lengthy history of impressive monitoring of the 93 North Portfolio over their 20 plus years of possession, and also the bidding process was really competitive,” claimed CBRE’s Dragos. “The properties were completely placed to profit from the climbing need for industrial area in the higher Boston area. There is no question that business plan the new owners have visualized will certainly guarantee success at these residential or commercial properties for several years to find.”
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