
Woburn, MA A joint venture between Camber Development and Wheelock Capital Partners purchased a multi-tenant industrial building at 45 Industrial Pkwy. The 89,442 s/f building sits on 4.58 acres and is located near the junction of I-93 and I-95.
The property was fully leased to three tenants at the time of the sale and traded for $23.75 million.
Micah Stubblebine of The Stubblebine Company represented the seller and directly procured the buyer.
Tucker Kelton, founder and managing partner, Camber Development, said, “45 Industrial Parkway in Woburn is a great addition to our portfolio of well-located and highly functional industrial and life science assets in Greater Boston. We would like to thank Micah and the Stubblebine team for facilitating the successful acquisition.”
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