A leased Woburn industrial property in Woburn has been acquired by a San Francisco private equity investor for $18 million, just six months after it previously sold for $10.1 million.
Berkeley Partners bought the 66,225-square-foot 225 Wildwood Ave. from Boston-based GFI Partners. The property contains up to 23-foot clear heights and is leased to Lakeshore Cyrotronics, American ULT Cryogenics and Primaira.
GFI acquired the property in June 2021 for $10.1 million, according to data compiled by The Warren Group, publisher of Banker & Tradesman.
CBRE represented the seller and procured the buyer. Berkeley Partners owns more than 6 million square feet of light industrial real estate in the U.S.
“The dynamics of the industrial market provided GFI Partners an opportunity to realize a profit for this industrial investment. The buyer continues to aggressively purchase assets in the marketplace,” CBRE Executive Vice President Doug Jacoby said in a statement.