Berkeley Partners, a California-based investment firm, has acquired a 162,736-square-foot industrial property located at 51 Alder St, Medway, MA, for $16.6 million. The property features 24-foot clear heights and convenient access to Interstate 495. At the time of sale, it was 91 percent leased to tenants including Verizon Wireless.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,600,000.00
• Address: 51 Alder St, Medway, MA, 02053
• Market: Medway
• Seller's Representative: Doug Jacoby - CBRE
• Buyer: Berkeley Partners
• Square Footage: 162736

Scott Dragos, Chris Skeffington, and Doug Jacoby comprised the CBRE team that represented Conroy Development, the seller, in this transaction. The team was also responsible for procuring Berkeley Partners as the buyer.