Terry Fancher Of Stockbridge Acquires Industrial Asset In Revere Massachusetts For $45 Million

The sale involved a 17,000 square foot industrial asset located at 3 Furlong Drive in Revere, Massachusetts. The property was acquired for a price of $45,000,000, representing a price per square foot of $2,647. This transaction marks an 18% increase from the property's previous sale price of $38,000,000 in 2022.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,000,000
• Buyer: Terry Fancher - Stockbridge
• Seller: Link Logistic
• Square Footage: 17,000
• Price per Square Foot: $2,647
• Address: 3 Furlong Drive
• Market: Revere, MA

Stockbridge Capital Group is represented by Terry Fancher in this transaction, while Link Logistics handled the sale from their side. The acquisition demonstrates Stockbridge's continued investment strategy in the industrial sector, particularly in prime locations supported by logistics services such as FedEx.