Portman Industrial Acquires Development Site In Taunton, MA For $75M

Thibeault Development has recently sold a development site located at 1 Galleria Mall Drive in Taunton, MA. The property, which spans 147 acres, was purchased by Portman Industrial for a total price of $75,000,000. The site has a total square footage of 1,100,000, resulting in a price per square foot of $68. Thibeault Development, led by William Thibeault, acted as the seller in this transaction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $75,000,000
• Address: 1 Galleria Mall Drive, Taunton, MA
• Market: Taunton, MA
• Square Footage: 1,100,000
• Price per Square Foot: $68
• Acres: 147
• Seller: Thibeault Development - William Thibeault
• Buyer: Portman Industrial
• Broker: Scott Dragos - CBRE

Thibeault Development purchased the Silver City Galleria Mall at a public auction two years ago for $7,500,000. As part of the purchase agreement with Portman Industrial, Thibeault's subsidiary company Great Northern Site demolished the 1.1 million square-foot mall. For more information about this transaction, please contact Thibeault Development at 617-799-0527.