Alterra IOS Acquisitions III Acquires Industrial Asset From Penske In Framingham For $4.25M

The property asset involved in the transaction is located at 92 New York Avenue, Framingham, MA. This industrial asset has a sale price of $4,250,000, encompassing a total square footage of 8,520 and a price per square foot of $498.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,250,000
• Sale Date: 5/27/2025
• Buyer: Alterra IOS Acquisitions III
• Seller: Penske
• Buyer's Representative: Matty Drouillard & James Stubblebine - The Stubblebine Company
• Seller's Representative: Peter Whoriskey & Rachel Igoe - Cushman & Wakefield

The transaction featured key individuals including Matty Drouillard and James Stubblebine representing the buyer, while the seller was represented by Peter Whoriskey and Rachel Igoe. Each representative played a crucial role in facilitating the deal between Alterra IOS Acquisitions III and Penske.