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Wheelock Street Capital & Camber Development Acquires Industrial Property In Northborough, MA For $33M

11 Forbes Road
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This Industrial property located in MA was sold for $33,000,000 about 3 years ago. The brokers of the deal were Corbin Stall, Michael (Mike) Restivo, Matthew (Matt) Sherry, Ben Sayles, and Coleman Benedict

Located in Northborough, MA, the industrial property at 11 Forbes Road has recently been sold in a transaction. The property spans 212,000 square feet and sits on 19 acres of land. With a sale price of $33,000,000, the price per square foot is calculated to be $156. The cost per acre stands at $1,736,842.

Summary of transaction details

The deal involved Wheelock Street Capital & Camber Development as the buyers, while Capri EGM acted as the sellers. The transaction was facilitated by Coleman Benedict, Matthew Sherry, Ben Sayles, Michael Restivo, and Corbin Stall from JLL.

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Deals
  • Location
    11 Forbes Road, Northborough, MA, USA11 Forbes Road, Northborough, MA, USA
  • Sale Price
    $33,000,000$33,000,000
    $155 PPSF$155 PPSF
  • Area
    212,000 SF212,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Corbin Stall

Corbin Stall

Deals1
Sold$33M

Michael (Mike) Restivo

Michael (Mike) Restivo

Deals18
Financed$285.9M

Ben Sayles

Ben Sayles

Deals2
Sold$105M

Agencies

JLL

JLL

Agency
Deals5591
Volume$332.6B

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

[embed] SALE IMAGE: Coleman Benedict, Matthew Sherry, Ben Sayles & Michael Restivo DATE: 03/04/2021 ADDRESS: 11 Forbes Road MARKET: Northborough, MA ASSET TYPE: Industrial SELLER: Capri EGM BUYER: Wheelock Street Capital & Camber Development BROKERS: Coleman Benedict, Matthew Sherry, Ben Sayles, Michael Restivo, & Corbin Stall - JLL SALE PRICE: $33,000,000 SF: 212,000 ~ PPSF: $156 ACRES: 19 ~ PPA: $1,736,842

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11 Forbes Road

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