Innovative Industrial Properties, Inc Acquires Retail Property In Taunton, MA For $40M

Innovative Industrial Properties, Inc has acquired a retail property located at 30 Mozzone Blvd in Taunton, MA. The property spans 104,000 square feet and was sold for a total of $40,000,000, resulting in a price per square foot of $385. The transaction took place on 05/16/2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $40,000,000
• Address: 30 Mozzone Blvd, Taunton, MA
• Market: Taunton, MA
• Buyer: Innovative Industrial Properties, Inc - Paul Smithers
• Square Footage: 104,000
• Price per Square Foot: $385

Paul Smithers, representing Innovative Industrial Properties, Inc, played a key role in the acquisition of the retail property at 30 Mozzone Blvd. Their expertise and negotiation skills were instrumental in closing the deal. The transaction signifies a significant investment in the Taunton, MA market, further solidifying Innovative Industrial Properties, Inc's position in the retail sector.