RE investment firm Marcus Partners has announced the sale of its Boston Metro Logistics Portfolio for $167 million. The portfolio consists of six warehouse and distribution buildings located in Greater Boston, including 176, 206 and 210 Grove Street in Franklin, 17 Gilmore in Sutton, 1 First Avenue in Peabody, and 57 Littlefield Street in Avon MA.
Marcus Partners assembled the portfolio through various transactions between 2019-2021. Additionally they created a development site by combining land area from two adjacent properties (210 & 176 Grove Street) acquired through separate transactions. CBRE represented the seller while procuring the buyer with a team led by Chris Skeffington Scott Dragos & Roy Sandeman.
This successful transaction marks an important milestone for RE investors as Marcus Partners sells their Boston Metro Logistics Portfolio at $167 million USD after assembling it over several years via multiple acquisitions across different sites within Greater Boston Area..
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Steve Griffin
November 15, 2024
