Stockbridge Acquires Industrial Property At 295 Union Street In East Walpole For $26M

The transaction involves the sale of an industrial property located at 295 Union Street in East Walpole, MA. The deal concluded with a sale price of $26,000,000 for a total area of 85,159 square feet, resulting in a price per square foot of $305.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,000,000
• Address: 295 Union Street
• Market: East Walpole, MA
• Square Footage: 85,159
• Price per Square Foot: $305
• Buyer: Stockbridge
• Seller: John Meador & Charlie Luce - Casco Real Estate Partners; Aaron Snegg, Matthew Novak, Andrew Holmberg & Bahaar Sidhu - Berkeley Partners
• Brokerage: David Coffman, Michael Restivo & Tommy Hovey - JLL

JLL Capital Markets facilitated the sale process for the property, representing the involved parties throughout the transaction. The unique collaboration between the sellers, who are affiliated with two different firms, and the brokerage team highlights the coordinated effort in executing this significant deal.