Arden Logistics Parks Acquires 8 IndustrIal/Flex Properties for $160 Million
June 07, 2022
Arden Logistics Parks has acquired an eight-property portfolio totaling 1.27 million square feet for a combined purchase price of $160 million. The portfolio consists of eight buildings constructed between 1968 and 2016 in six locations spread across the Boston Metro South industrial market. The facilities are currently 98% leased to 24 national, regional, and local tenants.
The properties are located at 60 Maple St. in Mansfield; 81 Commerce Drive in Fall River; 55 Samuel Barnet Blvd. in New Bedford; 45 Vineyard Road in Seekonk; 20 Townsend Road in Attleboro, and 10, 15 and 50 Commerce Drive in Norton.