Intercontinental Real Estate Acquires Industrial Property In Boston, MA For $107.5M

The industrial property located at 8 Industrial Drive in Boston, MA has been sold in a transaction. The property encompasses an area of approximately 196,000 square feet and has been sold for a total price of $107,500,000, resulting in a price per square foot of $548. The sale took place on August 31, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $107,500,000
• Address: 8 Industrial Drive, Boston, MA
• Market: Boston, MA

The buyer of the property is Intercontinental Real Estate Corporation, while the seller is First Highland Management & Development. The deal was facilitated by the brokers Dave Pergola, Brian Doherty, Pete Rogers, Rob Byrne, and Jim Murphy from Cushman & Wakefield.