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Grossman Cos.’ Affiliate Buys Mansfield Industrial Building For $7M

Jul 10, 2013 | Reprints | Unlock Link | Print

60 Maple St. Affiliates of The Grossman Cos. Inc., the Quincy-based commercial real estate brokerage, development and management firm, have purchased an industrial building in Mansfield for $7.05 million. Hudson-based Calare Properties Inc. was the seller.

The building, located at 60 Maple St., is a 225,000-square-foot, Class B facility. It is set on 15 acres and adjacent to the Cabot Industrial Park.

Jake Grossman oversaw the acquisition for the family-owned business. Brookline Savings Bank provided a $3.0 million acquisition loan for the buyer. Robert Gibson, executive vice president and partner of CBRE / New England, represented the buyer and the seller. He has been hired by Grossman to serve as exclusive leasing agent.

The building is 70 percent leased to three tenants: DGS Retail, Ameristar Fence Products and GF / Guardian Fall Protection.

Commercial & Industrial