Service Properties Trust has completed the sale of a 674,143-square-foot industrial property located at 555 Turnpike Street in Canton, Mass., for $51 million, excluding closing costs. The proceeds from the sale will be used for the repayment of debt.
The new owner was not disclosed.
Service Properties Trust is a real estate investment trust that owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries.
