Arden Logistics Parks has acquired a portfolio of industrial properties in Mansfield, Fall River, New Bedford, Seekonk, Attleboro, and Norton, MA. The properties included in the transaction are located at 60 Maple Street, 81 Commerce Drive, 55 Samuel Barnet Boulevard, 45 Vineyard Road, 20 Townsend Road, and 10, 15 & 50 Commerce Drive. The total square footage of the portfolio is 1,277,045 and the sale price was $160,000,000, resulting in a price per square foot of $125. The seller of the properties was Westbrook Partners.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $160,000,000
• Buyer: Arden Logistics Parks
• Seller: Westbrook Partners
• Brokers: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman & Dan Hines - CBRE

The transaction was facilitated by the brokers from CBRE, namely Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman, and Dan Hines. Their expertise and representation were crucial in completing the deal successfully.