Metropolitan Real Estate Associates (MRA) has bought 456 Sullivan Opportunity, a 304,249-square-foot commercial property in South Windsor, CONN. The prices was $50 million.
At the time of sale, the home was double net-leased to FedEx, with the international shipping chain making use of the room as a circulation facility for small-package ground deliveries throughout New England. The residential property is located within the I-91 commercial corridor and also lies in between New York and also Boston.
Matt Berres and also Samer Khalil of Newmark’s Internet Lease Resources Markets team agented the transaction. Furthermore, Newmark’s Dustin Stolly and also Jordan Roeschlaub prepared a $32 million acquisition finance via lending institution Financial institution of America in behalf of the buyer. Clarion Partners also gave equity for the deal with Clarion Allies Realty Earnings Fund.
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David Cohen is Southeast Editorial Director at Attach Commercial Realty. David is a media professional with more than 10 years of experience in journalism, copywriting and communications throughout a variety of functions.
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Published at Mon, 08 Mar 2021 18:05:11 +0000