Clarion Partners & MRP Industrial Acquire Development Site In Burlington For $110.5M

A development site located at 1900 River Road in Burlington was recently sold for $110,500,000. The transaction took place on January 8, 2021. The property is an asset type classified as a development site.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $110,500,000
• Address: 1900 River Road, Burlington
• Market: Burlington
• Buyer: Clarion Partners & MRP Industrial
• Seller: Stag Industrial - Benjamin Butcher
• Broker: Lee & Associates

The buyer of the property was a partnership between Clarion Partners and MRP Industrial, while the seller was Stag Industrial, represented by Benjamin Butcher. Lee & Associates acted as the broker in this deal.