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721 Hartford Turnpike

Equus Capital Partners Purchases Industrial Portfolio From NorthBridge Partners For $75.1M In Shrewsbury
SOLDIndustrial

Equus Capital Partners Purchases Industrial Portfolio From NorthBridge Partners For $75.1M In Shrewsbury

721 Hartford Turnpike & 386 South Street

$75,100,000

$725/SF

Building Size

103,500 SF

Asset Type

Industrial

Closing

Jun 29, 2026

AI

A sale involving an industrial asset comprised of a portfolio of two buildings was recently completed. The buildings are located at 721 Hartford Turnpike and 386 South Street in Shrewsbury, MA. The total portfolio encompasses 299,475 square feet and was sold for $75,100,000, resulting in a price per square foot of $251.

Summary of transaction details:

Colliers facilitated the transaction with Frank Petz, Matthew Sherry, Rob Schlesinger, Joe Gaziano, and Jack Barrett representing the sale of the Centech Park North portfolio. This successful deal reflects the collaboration and expertise of the brokerage team in closing significant transactions in the industrial market.

Players

Matthew Sherry

Colliers

Broker

$1.3B

vol

27 deals

Broker
Equus Capital Partners
Equus Capital PartnersBuyer
Northbridge Partners
Northbridge PartnersSeller

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93