Charlton, MA An affiliate of GFI Partners of Boston purchased 221 acres of industrial zoned land at 241 Sturbridge Rd., from Greenhill Realty Trust on October 25, 2023 for $8.3 million. NAI Glickman Kovago & Jacobs principal James Glickman, represented the seller in this transaction.
GFI Partners is a real estate developer, operator and investment manager based in Boston, MA, and plans to build a distribution center on the site.
Glickman said, “GFI Partners holds a current portfolio of over 10 million s/f of real estate, and is actively engaged in creating new opportunities that bring value and success to its investors and partners. We are thrilled to have been a part of this growth for them and to bring a successful sale to Greenhill Realty Trust.”
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and