July 9, 2019
Berkeley Partners acquired three industrial properties in greater Boston for $43 million. The properties are located at 417 South St. in Marlborough, 385 Myles Standish Blvd. in Taunton and 431 Washington St. in Franklin.
Built in 2012, 417 South St. is a 145,000-square-foot flex facility that is currently 87% leased to seven tenants. Berkeley Partners acquired the property for $14.2 million. Located in the Myles Standish Industrial Park, 385 Myles Standish Blvd. is a 139,500-square-foot flex facility that is fully leased to Verizon New England. 431 Washington St. is a 242,252-square-foot high-bay warehouse that is currently fully-leased to Champagne Logistics and Marsh USA. Both 385 Myles Standish Blvd. and 431 Washington St. were acquired by Berkeley Partners for a total of $29 million.
For the sale of 417 South St., Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Anthony Hayes, Timothy Mulhall and Daniel Hines of CBRE represented the seller, Calare Properties. For the sale of 385 Myles Standish Blvd. and 431 Washington St., the CBRE team represented the seller, GFI Partners.
*Pictured above is 431 Washington St.
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