Seyon Acquires Two-Building Flex Portfolio for $28M+ Via Stubblebine

August 05, 2026

753 Forest St and 261 Cedar Hill St. Marlborough

Marlborough — A134,000-square-foot Class A flex portfolio has changed hands in Marlborough for $28,150,000, proving continued investor appetite for well-located industrial properties in the region.

The $28,150,000 transaction was exclusively brokered by The Stubblebine Company, representing the seller, Nashoba Realty Trust, managed by local investor Peter T. True, while procuring the buyer, Boston-based real estate investment firm Seyon Group Acquisitions, LLC.

The Class A flex portfolio consists of two properties: 261 Cedar Hill Street and 753 Forest Street. Situated within an established industrial park just off Interstate 495, the buildings feature an impressive tenant roster of stable corporate names, including Volkswagen, Accredo, Megamagnetics, and Fastenal. The buildings, at 261 Cedar Hill Street and 753 Forest Street, have a combined total of 134,000 SF. The team of David Stubblebine, Chloe Stubblebine, Kevin Rabacs, and Alex Smith brokered the deal.

Peter T. True, a Massachusetts-based 50-year veteran of the commercial real estate industry, heads Nashoba Realty Trust and is also tied to local suburban residential and land parcels, such as property holdings around Littleton, MA

Actively and effectively exchanging industrial properties, the Seyon Group owns and operates light industrial and flex assets in high-barrier, infill markets across the Northeast and Mid-Atlantic. Since its founding in 2017, the firm has expanded its footprint to over 40 industrial and logistics assets totaling more than 5.5 million square feet. The Marlborough buy is among the Boston-based Fund II’s recent purchases, along with two other industrial portfolios in Maryland and Connecticut.

“These three acquisitions are exactly the type of infill, small-bay industrial assets we target: well-located, functionally flexible properties in supply-constrained submarkets with durable, diversified tenant demand,” said Andrew Iglowski, Managing Partner, The Seyon Group. “We acquired each of them below replacement cost, in one case by more than half, and the rents in place are meaningfully below market. The tenants paying rents have been in these buildings an average of more than a decade ... that is the part we pay the most attention to, extolled Iglowski”