Realterm Logistics has purchased a four-property, high-flow-through portfolio in the Greater Boston market, totaling 544,000 square feet. The sales price and seller were not disclosed.
The properties include: 130 Eastern Ave. in Chelsea, Mass.; 750 Everett St. in Norwood, Mass.; and 30 Commerce Blvd. and 61 Leona Drive in Middleborough, Mass. Each property in the portfolio has an efficient combination of loading and excess parking and is located in a key distribution node within the Boston market.
“The portfolio represents a unique opportunity to expand our footprint of high-flow-through assets in a key national market. Each property stands on its own offering differentiating loading or excess parking capacity,” said Ben Andreycak, vice president, Eastern region acquisitions, Realterm. “The investment is a continuation of Realterm Logistics’ strategy of acquiring the most functional supply chain properties across the country in key infill locations.
