{"id":1004762873,"date":"2025-06-26T09:07:19","date_gmt":"2025-06-26T17:07:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004762873"},"modified":"2025-06-26T09:08:50","modified_gmt":"2025-06-26T17:08:50","slug":"rhino-capital-picks-up-boston-area-industrial-duo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/","title":{"rendered":"Rhino Capital Picks Up Boston-Area Industrial Duo"},"content":{"rendered":"
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\"Exterior<\/a>
The two industrial buildings at 400 Main St. include 530 parking spots and a total of 10 loading docks. Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n

Rhino Capital Advisors has paid $27.9 million for a 218,316-square-foot industrial property in Ashland, Mass., a suburb of Boston. Pout Rock LLC and Cold Spring Brook LLC sold the property.<\/p>\n\n\n\n

JLL Managing Directors Michael Restivo, Bob McGuire and Sam Crossan, together with Directors David Coffman and Tommy Hovey represented the seller.<\/p>\n\n\n\n

The industrial asset includes two buildings that are fully occupied by Kidde-Fenwal Inc., which uses them for warehouse and manufacturing operations.<\/p>\n\n\n\n

The property’s buildings measure 158,516 and 59,000 square feet, both completed in 1962. The first is a two-story facility with 14-clear heights and four loading docks, while the second one-story structure includes 30-foot clear heights, one drive-in door and six loading docks.<\/p>\n\n\n\n

Rhino’s new 19-acre property is at 400 Main St., near Massachusetts Route 135 and Interstate 90. Hopkinton, Mass., is 4 miles away while Worcester, Mass., and Boston are both within 28 miles from the property.<\/p>\n\n\n\n

Recent investments in Boston’s industrial sector<\/h2>\n\n\n\n

Boston’s industrial sales volume <\/a>totaled $440 million year-to-date through May, with assets changing hands for $148.2 per square foot, above the $132.9 U.S. average, according to a CommercialCafe report.<\/p>\n\n\n\n

A recent deal in the metro was Marcus Partners’ $50 million sale<\/a> of a 192,000-square-foot Massachusetts industrial\u00a0portfolio. The buyer is an Ares Commercial Real Estate fund. <\/p>\n\n\n\n

In May, Hines purchased two industrial portfolios for $72.8 million<\/a> in Wilmington, Mass., as part of a larger deal that encompassed 2.5 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL worked on behalf of the fully leased property’s seller.<\/p>\n","protected":false},"author":2991,"featured_media":1004762874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21748,21783,21742,10],"tags":[32796,52634],"class_list":["post-1004762873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-industrial","category-investment","category-latest","category-northeast","tag-jll","tag-rhino-capital-advisors"],"acf":[],"yoast_head":"\nRhino Capital Picks Up Boston-Area Industrial Duo - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Rhino Capital Advisors has paid $27.9 million for a 218,316-square-foot industrial asset in Ashland, Mass.\" \/>\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\/rhino-capital-picks-up-boston-area-industrial-duo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rhino Capital Picks Up Boston-Area Industrial Duo\" \/>\n<meta property=\"og:description\" content=\"Rhino Capital Advisors has paid $27.9 million for a 218,316-square-foot industrial asset in Ashland, Mass.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/\" \/>\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=\"2025-06-26T17:07:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-26T17:08:50+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/400-Main-St-Photo-e1750940799465.jpg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/\",\"name\":\"Rhino Capital Picks Up Boston-Area Industrial Duo - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/400-Main-St-Photo-e1750940799465.jpg\",\"datePublished\":\"2025-06-26T17:07:19+00:00\",\"dateModified\":\"2025-06-26T17:08:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Rhino Capital Advisors has paid $27.9 million for a 218,316-square-foot industrial asset in Ashland, Mass.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rhino-capital-picks-up-boston-area-industrial-duo\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/400-Main-St-Photo-e1750940799465.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/400-Main-St-Photo-e1750940799465.jpg\",\"width\":5263,\"height\":3945,\"caption\":\"The two industrial buildings at 400 Main St. include 530 parking spots and a total of 10 loading docks. 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