April 3, 2017
Wheelock Street Capital of Greenwich, CT and Boston, MA joined forces with Boston-based Seyon Group to acquire industrial real estate assets in prime northeast markets. The partners are targeting $300 million in assets, and already acquired three for $32 million.
The partnership’s most recent acquisition consisted of a 200,000-square-foot building at 26 Dartmouth St. in Westwood, MA. The JV also owns a portfolio of light industrial buildings on Shawmut Road in Canton, MA.
“We believe there will continue to be growing demand for infill industrial assets in well-located submarkets,” said Wheelock’s Jeffrey Laliberte. “We have worked with the principals of the Seyon Group for several years, and have consistently been impressed with their ability to find attractive investment opportunities and execute on a business plan. This partnership puts us in a strong position to build a high-quality portfolio with a great team.”