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David Robbins And David Rabin Acquire Industrial Asset In Devens For $74 Million

Property Image
SOLD
$74,000,000

Massachusetts

See Similar Deals
Industrial165,000 SF
Sold 09/24/2025
the dealdetailscomps
Property Image
SOLD

David Robbins And David Rabin Acquire Industrial Asset In Devens For $74 Million

117 Hospital Road

See Similar Deals
Industrial165,000 SF
Sold 09/24/2025
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$448
Total Square Footage:165,000 SF
Transaction Type:Sale

The asset involved in the transaction is an industrial property located at 117 Hospital Road in Devens, MA. The sale was finalized for a total price of $74,000,000. The property spans a total of 165,000 square feet, translating to a price per square foot of $448.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $74,000,000
  • Buyer: David Robbins - Pivotal Manufacturing Partners
  • Buyer: David Rabin - Declaration Partners
  • Seller: Thomas Ragno - King Street Properties
  • Seller: Baupost Group
  • Financing provided by: Goldman Sachs

This deal involved prominent individuals and companies, with David Robbins and David Rabin representing Pivotal Manufacturing Partners and Declaration Partners, respectively, in acquiring the property. On the seller's side, Thomas Ragno represented King Street Properties and Baupost Group in this significant transaction.

Players

Declaration Partners
Declaration Partners
BUYER
KP
King Street Properties
SELLER
Baupost Group
Baupost Group
SELLER

Details

SOLD
IMAGE: David Robbins, David Rabin & Thomas Ragno DATE: 09/24/2025 ADDRESS: 117 Hospital Road MARKET: Devens, MA ASSET TYPE: Industrial BUYER: David Robbins - Pivotal Manufacturing Partners & David Rabin - Declaration Partners SELLER: Thomas Ragno - King Street Properties & Baupost Group SALE PRICE: $74,000,000 SF: 165,000 ~ PPSF: $448 NOTE: Pivotal Manufacturing Partners and Declaration Partners acquired Commonwealth Fusion Systems’ 165,000-square-foot global headquarters in Devens, Mass., for $74 million, with Goldman Sachs providing financing.

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