{"id":1004191100,"date":"2017-09-22T12:52:27","date_gmt":"2017-09-22T20:52:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004191100"},"modified":"2022-12-08T22:29:08","modified_gmt":"2022-12-09T06:29:08","slug":"calare-properties-lets-go-of-ma-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/calare-properties-lets-go-of-ma-asset\/","title":{"rendered":"Calare Properties Lets Go of MA Asset"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004191101\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004191101\" data-attachment-id=\"1004191101\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/calare-properties-lets-go-of-ma-asset\/20-seyon-st-watertown-mass\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"20 Seyon St., Watertown, Mass.\" data-image-description=\"&lt;p&gt;20 Seyon St., Watertown, Mass.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;20 Seyon St., Watertown, Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png?w=800\" loading=\"lazy\" class=\"wp-image-1004191101 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png\" alt=\"20 Seyon St., Watertown, Mass.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/20-Seyon-St.-Watertown-Mass..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004191101\" class=\"wp-caption-text\">20 Seyon St., Watertown, Mass.<\/p><\/div>\n<p>Shortly after selling a <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-area-lab-facility-changes-hands\/\">lab facility in Billerica<\/a>, Mass., Calare Properties finalized a new transaction in the Boston area. The 94,268-square-foot warehouse and distribution facility is located in Watertown and is fully leased through January 2024. The deal closed at $15 million, signaling a robust\u00a0Greater Boston industrial market.<\/p>\n<p>\u201c<em>Industrial real estate continues to see significant value increases as a growing buyer pool drives up exit pricing,<\/em>\u201d said Bill Manley, the company&#8217;s CEO &amp; CIO, in a prepared statement. According to industry reports, lease rates increased by 6.3 percent year-over-year, as of the second quarter of 2017.<\/p>\n<h2>Significant improvements<\/h2>\n<p>Calare bought the facility in 2015. Upon purchase, it brought several improvements to what was already a well-maintained property featuring a new roof, HVAC units and security system. The long-term tenants had also invested capital in upgrading their spaces.<\/p>\n<p>Located at 20 Seyon St. on a five-acre lot, the warehouse can be easily accessed via interstates 90 and 95 and is 10 miles from dowtown Boston. The nearby area is home to several national retailers and high-end communities.\u00a0<\/p>\n<p><em>Image courtesy of Calare Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The warehouse, which Calare bought in 2015, is located in Watertown, Mass., and changed hands for $15 million. It is 100 percent leased.<\/p>\n","protected":false},"author":1064,"featured_media":1004191101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21748,21742,10],"tags":[33499],"class_list":["post-1004191100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-industrial","category-latest","category-northeast","tag-calare-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Calare Properties Lets Go of MA Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/calare-properties-lets-go-of-ma-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calare Properties Lets Go of MA Asset\" \/>\n<meta property=\"og:description\" content=\"The warehouse, which Calare bought in 2015, is located in Watertown, Mass., and changed hands for $15 million. 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