| Jumbo Capital Management LLC and Rhino Capital have acquired the former Sullivan Tire headquarters in West Bridgewater in a joint venture for $5.45 million.
The new owners plan significant upgrades to the 91,000-square-foot facility.
“The location and access to Route 24, abundance of parking and adjacent flat land, will make it an ideal New England headquarters for a local or national logistics company,” Bradford Spencer, partner at Jumbo Capital Management, said in a statement.
Quincy-based Jumbo Capital has acquired nearly 800,000 square feet of commercial space in the past year, including 150 Royall St. in Canton, 100 Crosby Drive in Bedford and 1900 Crown Colony in Quincy.
Jones Lang LaSalle represented the Jumbo and Rhino team and Sullivan Tire and Auto Service was represented by Donahue Assoc.
Sullivan Tire in May opened a new 200,000-square-foot warehouse in Taunton’s Myles Standish Industrial Park, consolidating operations previously based in West Bridgewater and Brockton.
