Marcus Partners Sells Boston Metro Logistics Portfolio In Greater Boston For $167M

Marcus Partners has announced the sale of their Boston Metro Logistics Portfolio, comprising six warehouse and distribution buildings in Greater Boston, for a total price of $167 million. The portfolio includes properties located at 176, 206, and 210 Grove Street, 17 Gilmore Drive, 1 First Avenue, and 57 Littlefield Street. These industrial assets offer ample space for storage and distribution activities.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $167,000,000
• Address: 176, 206 & 210 Grove Street, 17 Gilmore Drive, 1 First Avenue & 57 Littlefield Street
• Market: Franklin, Sutton, Peabody & Avon, MA
• Seller: Marcus Partners - Ryan McDonough
• Brokers: Chris Skeffington, Roy Sandeman & Scott Dragos - CBRE

The sale was facilitated by the CBRE brokerage team represented by Chris Skeffington, Roy Sandeman, and Scott Dragos. Their expertise in the Boston Metro area played a significant role in securing the transaction. Marcus Partners' decision to sell the portfolio demonstrates their strategic move to unlock value from their assets.