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

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.