Hamid R. Moghadam Of Prologis Acquires 200 Acre Industrial Site From Carol B. Tomé For $25M

The property asset involved in the transaction is located at 50 Centech Boulevard in North Grafton, MA. The industrial asset spans across 200 acres and features approved plans for an 845,000-square-foot UPS distribution center. Prologis acquired the site for a sale price of $25,000,000, translating to a price per square foot of $30. UPS had previously purchased this asset for $18.3 million in 2018.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Address: 50 Centech Boulevard
• Market: North Grafton, MA
• Acres: 200
• Square Footage: 845,000
• Price per Square Foot: $30
• Buyer: Hamid R. Moghadam - Prologis
• Seller: Carol B. Tomé - UPS

The deal featured notable individuals including Hamid R. Moghadam representing Prologis as the buyer and Carol B. Tomé representing UPS as the seller. The transaction signifies a strategic acquisition for Prologis in the logistics and distribution sector.