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..
CIM Group CMCT Completes Partial Apartment Conversion of Los Angeles Offices
CMCT, a REIT managed by CIM Group’s affiliates, has successfully transformed the top two floors of a three-story office building
Steve Griffin
September 19, 2024
