LBA Logistics Acquires Industrial Property In Marlborough For $31.35M

Affiliates of LBA Logistics have acquired 150 Hayes Memorial Drive in Marlborough, MA for a sale price of $31,350,000. The industrial property spans across 167,000 square feet, resulting in a price per square foot of $188. The property is located at the address 150 Hayes Memorial Drive in Marlborough, MA, a market known for its industrial real estate offerings.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $31,350,000
• Square Footage: 167,000
• Price Per Square Foot: $188
• Address: 150 Hayes Memorial Drive, Marlborough, MA
• Market: Marlborough, MA

The buyer in this transaction was Affiliates of LBA Logistics, while the seller was an affiliate of TA Realty. It is worth mentioning that LBA Logistics acquired the property from Hayes G, LLC, which is an affiliate of Boston's TA Realty. This acquisition strengthens LBA Logistics' presence in the industrial real estate market and highlights their strategic growth in the Marlborough and Northborough areas.