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Wheelock Street Capital continues its suburban industrial buying spree with the $40 million acquisition of two properties north of Boston.

The private equity firm bought 1635 Shawsheen St. in Tewksbury and 160 Dascomb Road on the Andover-Tewskbury line from an affiliate of Wakefield-based NorthBridge Partners LLC, on June 4.

The 1635 Shawsheen St. property spans 8 acres and contains a pair of warehouse buildings, according to assessors’ records. The 12-acre parcel at 160 Dascomb Road contains a 120,682-square-foot R&D building completed in 1965.

The properties were acquired in 2019 by NorthBridge for $26.25 million.

Wheelock Street and The Seyon Group of Boston have partnered on a series of recent suburban industrial acquisitions, including a Peabody warehouse and a Foxborough industrial property. And in March, Wheelock partnered with Camber Development on the $33-million acquisition of a Northborough life science facility leased to Sanofi Genzyme.

Wheelock Expands Industrial Portfolio in $40.4M Transaction

by Steve Adams time to read: 1 min