Invesco Real Estate Acquires Office Building From Independencia Asset Management In Dedham
Massachusetts
See Similar DealsInvesco Real Estate Acquires Office Building From Independencia Asset Management In Dedham
100 Rustcraft Rd, Dedham, MA, 02026
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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.
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