Boston- CBRE announced that it had organized the sale of a class A industrial facility with an area of 209,643 sq. ft, located at 176 South Washington Street in Norton, Massachusetts.
The Black Creek Group, a leading real estate investment management firm, acquired the asset, their first industrial purchase in the Greater Boston market.
BUT CBRE A team of Scott Dragos, Chris Skeffington, Doug Jacoby, Roy Sandeman, Tim Mulhall, Tony Hayes and Daniel Hines represented the seller, Paradigm Capital Advisors, during the off-market transaction.
“The acquisition of 176 South Washington was an excellent opportunity for Black Creek Group to begin expanding its presence in Greater Boston,” Skeffington said. “It was a great pleasure to represent Paradigm in this transaction and our team is delighted to have helped to successfully complete their business plan through leases and divestitures.”
Built in 1986, 176 South Washington Street, is 100% leased to the US Cabinet. The property is 28 feet clear, ESFR sprinkler system, 20 docks, two entrances and I-495 South visibility with signage options.
The facility is located adjacent to Miles Standish Industrial Park with easy access to Interstate 495, providing unparalleled regional access and connectivity to major localities such as Boston (32 miles), Providence (20 miles) and Worcester (45 miles).
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