Photo courtesy of CBRE
Brickman has acquired a multi-tenant industrial building at 120 Forbes Boulevard for $17.6 million.
The 81,5960-square-foot building in the 50-acre Cabot Business Park is fully leased to Smith & Nephew, IDE, Flowonix, DDC, IntelliChief, Gatehouse Management Inc. and Pentec Health. Tenants have a weighted average remaining lease term of approximately five years, according to CBRE.
CBRE represented the seller, QS Forbes Boulevard LLC, and arranged financing for Greenwich, Connecticut-based Brickman in the form of a $12.8-million mortgage from Cambridge Savings Bank.
QS Forbes originally acquired the property in 2006 for $6.6 million.
Built in 1986 and renovated in 2017, 120 Forbes Boulevard includes nearly 20-foot ceiling heights, 297 parking spaces, flexible loading and a high-density park setting with direct access to Interstates 95 and 495 and Route 140.
