The transaction involved an industrial portfolio located at 20 Constitution Drive and 64 Research Drive in Taunton and Haverhill, MA. The total sale price for the properties was $50,000,000, encompassing a total square footage of 192,000 with a price per square foot of $260. The assets are newly developed and fully leased.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $50,000,000
• Square Footage: 192,000
• Price per Square Foot: $260
• Address: 20 Constitution Drive & 64 Research Drive
• Market: Taunton & Haverhill, MA
• Seller: Paul Marcus - Marcus Partners
• Broker: Chris Skeffington - CBRE

Paul Marcus, representing Marcus Partners, completed the sale of the portfolio to an Ares fund, highlighting a collaboration between key players in the industrial real estate market. The transaction was facilitated by Chris Skeffington from CBRE, underscoring the involvement of experienced brokerage firms in managing the deal.