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:
- Property Type: Industrial
- Transaction Amount: $75,100,000
- Buyer: Equus Capital Partners
- Seller: NorthBridge Partners
- Sale Date: 6/30/2026
- Address: 721 Hartford Turnpike & 386 South Street
- Market: Shrewsbury, MA
- Square Footage: 299,475
- Price per Square Foot: $251
- Brokers: Frank Petz, Matthew Sherry, Rob Schlesinger, Joe Gaziano & Jack Barrett - Colliers
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
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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