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Industrial Portfolio Sells For $113M

Dec 24, 2014 | Reprints | Unlock Link | Print

A joint venture of Prudential Real Estate Investors of Madison, N.J. and Spaulding & Slye Investors has acquired a portfolio of 15 industrial buildings south of Boston for $113 million.

Denver-based Prologis sold the properties totaling 1.8 million square feet on Dec. 3, according to Bristol County Registry of Deeds filings.

The transaction includes 15 parcels within Mansfield’s Cabot Business Park and one at 525 Campanelli Industrial Drive in Brockton. The portfolio is 97-percent leased.

Commercial