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Invesco Real Estate Acquires Office Building From Independencia Asset Management In Dedham

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SOLD

Massachusetts

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Office422,117 SF
Sold 07/12/2022
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SOLD

Invesco Real Estate Acquires Office Building From Independencia Asset Management In Dedham

100 Rustcraft Rd, Dedham, MA, 02026

See Similar Deals
Office422,117 SF
Sold 07/12/2022
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:422,117 SF
Transaction Type:Sale

The property located at 100 Rustcraft Rd, Dedham, MA, 02026, encompasses a 422,117-square-foot office building on a 53-acre site. Originally built in 1954 as an industrial property, it was converted in 2016 to feature a mix of office, laboratory, and warehouse space. The building, fully leased and anchored by General Dynamics and the American Red Cross, includes loading docks, drive-in doors, and clear heights ranging from 13 to 26 feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Market: Dedham
  • Seller's Rep: Robert Griffin(Newmark)
  • Buyer: Invesco Real Estate
  • Seller: Independencia Asset Management
  • SF: 422,117

In this transaction, Invesco Real Estate acquired the property at 100 Rustcraft Road in Dedham, MA, further expanding its office footprint in the Boston metro area to over 1 million square feet. The property last changed ownership in 2016 for $70 million, supported by a $45.5 million loan from Sammons Financial Group. The asset is notable for its diverse usage, with a combination of office, laboratory, and warehouse spaces, catering to tenants like General Dynamics and the American Red Cross.

Players

Robert (Rob) Griffin
72 deals$7.3B volume(617) 863-8611
BROKER

Invesco Real Estate
BUYER


Details

SOLD
IMAGE: 07/12/2022 ADDRESS: 100 Rustcraft Rd, Dedham, MA, 02026 MARKET: Dedham ASSET TYPE: Office SELLER'S REP: Robert Griffin(Newmark) BUYER: Invesco Real Estate SELLER: Independencia Asset Management SF: 422117

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