Paradigm Capital Advisors, a commercial real estate investment and management firm, completed the acquisition of 20 Computer Dr. by Paradigm Industrial Partners I, a focused separate account program Paradigm has formed with an insurance company partner. The property is a 204,000 s/f manufacturing facility long term leased to two companies.
"In a challenging market, we're delighted to make 20 Computer Drive our first Boston area acquisition for Paradigm Industrial Partners I," said Kevin McCall, president and CEO of Paradigm and its management affiliate, Paradigm Properties. "The program continues the direction of our last fund, APCA Property Fund I, in focusing on the relative safety and opportunity for strong, risk-adjusted returns in industrial, and this building is right in the crosshairs of our strategy."
Greg Klemmer of Klemmer Associates represented the seller.
Throughout 2012, Paradigm will acquire individual buildings and small portfolios of industrial properties in the Northeast and Mid-Atlantic for Paradigm Industrial Partners. Preferred properties will meet the following criteria: 30,000 - 600,000 s/f, $2 to $30 million single or multi-tenanted, urban/inner ring or suburban in-fill locations, small bay distribution, service, or light manufacturing. Flex/R&D properties will also be considered if in strong in-fill locations.