{"id":1004542423,"date":"2021-07-07T06:04:34","date_gmt":"2021-07-07T14:04:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004542423"},"modified":"2022-12-08T18:23:44","modified_gmt":"2022-12-09T02:23:44","slug":"boston-industrial-portfolio-sells-for-75m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/","title":{"rendered":"Boston Industrial Portfolio Sells for $75M"},"content":{"rendered":"
\"\"<\/a>

The Town Industrial Portfolio, Charlestown, Mass. Image courtesy of CBRE<\/p><\/div>\n

The investment community’s appetite for industrial assets remains strong, as evidenced by a recent transaction in Boston city limits, where The Town Industrial Portfolio sold for $671 per square foot. Acting on behalf of Center Court, CBRE Boston Capital Markets sold the 110,900-square-foot collection of three buildings in Charlestown, Mass., to Related Cos. for $74.5 million.<\/p>\n

\n

READ ALSO:<\/strong> Top 5 Industrial Transactions in 2021<\/a><\/p>\n

\n

Offering industrial, flex and R&D space within easy access of a confluence of thoroughfares, The Town Industrial Portfolio occupies more than 4 acres and offers ample opportunity for redevelopment. The group includes 6 Bunker Hill Industrial Park, an approximately 21,600-square-foot building that is presently home to The Broad Institute, a respected biomedical and genomic research center. The property sold for $12.5 million.<\/p>\n

The remaining two buildings in The Town Industrial Portfolio are 420 Rutherford and 440 Rutherford. The two properties\u2014which sold for $36 million and $26 million, respectively\u2014total 89,400 square feet on an abutting parcel of nearly 4 acres. The structure at 420 Rutherford is operating as self storage facility under the Cube Smart brand, while neighboring 440 Rutherford is leased in its entirety as a flex\/&D facility.<\/p>\n

A playground for investors<\/strong><\/h2>\n

Bolstered by the boom in e-commerce activity during the COVID-19 pandemic, the industrial real estate sector became the investment community’s darling. And while the buying frenzy may have tempered a bit in Boston, the trend appears to have staying power<\/a>. Industrial sales in the first quarter of 2021 totaled $324 million in the Greater Boston area, as per research by Lincoln Property Co.<\/p>\n

“While industrial investment cooled from a record-breaking fourth quarter of 2020, investor demand for industrial product remains extremely strong,” according to the Lincoln Property Co. report.<\/p>\n

“Investor beliefs in industrial\u2019s post-COVID-19 tailwinds certainly factor into high levels of capital market activity. But so too does limited investment opportunities in other property types like office, retail, and hospitality.\u201d The growing interest in industrial product, combined with cheap debt, \u201chas sent cap rates below 5 percent for most assets, extremely expensive for most local players. As such, assets like flex have become more attractive to investors,” according to the Lincoln Property Co. report.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the assistance of a team from CBRE, Center Court sold the properties to Related Cos.<\/p>\n","protected":false},"author":969,"featured_media":1004542424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21748,21783,21742,10],"tags":[32789,51174,32952],"class_list":["post-1004542423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-industrial","category-investment","category-latest","category-northeast","tag-cbre","tag-center-court","tag-related-companies"],"acf":[],"yoast_head":"\nBoston Industrial Portfolio Sells for $75M - 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\/boston-industrial-portfolio-sells-for-75m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston Industrial Portfolio Sells for $75M\" \/>\n<meta property=\"og:description\" content=\"With the assistance of a team from CBRE, Center Court sold the properties to Related Cos.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T14:04:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:23:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Boston Industrial Portfolio Sells for $75M\",\"datePublished\":\"2021-07-07T14:04:34+00:00\",\"dateModified\":\"2022-12-09T02:23:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/\"},\"wordCount\":373,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg\",\"keywords\":[\"CBRE\",\"Center Court\",\"Related Companies\"],\"articleSection\":[\"Boston\",\"Deals\",\"Industrial\",\"Investment\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/\",\"name\":\"Boston Industrial Portfolio Sells for $75M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg\",\"datePublished\":\"2021-07-07T14:04:34+00:00\",\"dateModified\":\"2022-12-09T02:23:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg\",\"width\":800,\"height\":620,\"caption\":\"The Town Industrial Portfolio, Charlestown, Mass. Image courtesy of CBRE\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-industrial-portfolio-sells-for-75m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Boston Industrial Portfolio Sells for $75M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Boston Industrial Portfolio Sells for $75M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/","og_locale":"en_US","og_type":"article","og_title":"Boston Industrial Portfolio Sells for $75M","og_description":"With the assistance of a team from CBRE, Center Court sold the properties to Related Cos.","og_url":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-07-07T14:04:34+00:00","article_modified_time":"2022-12-09T02:23:44+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Boston Industrial Portfolio Sells for $75M","datePublished":"2021-07-07T14:04:34+00:00","dateModified":"2022-12-09T02:23:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/"},"wordCount":373,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg","keywords":["CBRE","Center Court","Related Companies"],"articleSection":["Boston","Deals","Industrial","Investment","News","Northeast"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/","url":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/","name":"Boston Industrial Portfolio Sells for $75M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg","datePublished":"2021-07-07T14:04:34+00:00","dateModified":"2022-12-09T02:23:44+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg","width":800,"height":620,"caption":"The Town Industrial Portfolio, Charlestown, Mass. Image courtesy of CBRE"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/boston-industrial-portfolio-sells-for-75m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Boston Industrial Portfolio Sells for $75M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/The-Town-Industrial-Portfolio-Charlestown-Mass.-Image-courtesy-of-CBRE.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004542423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004542423"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004542423\/revisions"}],"predecessor-version":[{"id":1004542438,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004542423\/revisions\/1004542438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004542424"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004542423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004542423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004542423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}