Cushman & Wakefield completed the sale of the Suburban Boston industrial portfolio in Franklin and Taunton, for $90 million to Exeter Realty Capital Partners. The portfolio is a collection of eight distribution and flex facilities set within two of New England's premier master-planned industrial parks. The offering totals 1.2 million s/f and is 91% leased to a mix of local and national tenants. Cushman & Wakefield's capital markets team of Robert Griffin, Edward Maher and Matthew Pullen, together with leasing specialist J.R. McDonald, exclusively represented the seller.
The offering includes six distribution and flex buildings set within Forge Park, located off I-495 at exit 17 in Franklin, as well as two modern, high-bay warehouse facilities located in Myles Standish Industrial Park in Taunton. Myles Standish Industrial Park is located off I-495 at exit 9. The two parks are recognized among the region's premier industrial super parks given their locations, access and inventory of flex and warehouse space.