CBRE Arranges $175 Million Sale of Six Building Industrial Portfolio in Suburban Massachusetts: Massachusetts Homebuyers Homeownership

Boston – CBRE announced it has arranged the sale of a six building industrial portfolio (“Partners Industrial Portfolio”) in suburban Massachusetts. New York City-based Link Logistics Real Estate acquired the assets, which total 802,194 sq. ft., for $175 million. The CBRE team of Scott Dragos, Doug Jacoby, Chris Skeffington, Anthony Hayes, Roy Sandeman, Tim Mulhall and Dan Hines spearheaded the marketing campaign and arranged the sale on behalf of the seller, AEW Capital Management.

At the time of sale, the Partners Industrial Portfolio was 100 percent leased to a diversified roster of eight tenants with 36.2 percent below market rents and a weighted average remaining lease term of 6.31 years. The portfolio’s geographic diversity throughout Greater Boston provides direct access to the region’s most traveled interstates and thoroughfares including Interstate 90 (Massachusetts Turnpike), Interstate 95, Interstate 93, and Interstate 495, among others. “The Boston industrial market continues to hit on all cylinders with record setting leasing fundamentals acting as a magnet for some of the nation’s largest capital sources,” said Skeffington.

“The team at AEW Capital Management was successful in identifying the underlying market trends years ago, aggregating a scalable portfolio, and capitalizing on what is an extremely aggressive and liquid capital markets environment presently in Boston.” The portfolio is comprised of 12 Forge Parkway, Franklin, MA; 150 Dascomb Road, Andover, MA; 25 Industrial Way, Wilmington, MA; 65 Sunnyslope Avenue, Tewksbury, MA; 82 South Street, Hopkinton, MA; and 19 Technology Drive, Auburn, MA.

The post CBRE Arranges $175 Million Sale of Six-Building Industrial Portfolio in Suburban Massachusetts appeared first on Boston Real Estate Times.

Changes in Massachusetts Real Estate Law & How they Effect the Consumer:

Who Pays the Home Buyer's Agent?

Both seller's agent fees and buyer agent's fees are part of a typical real estate transaction and are included in the final negotiated purchase price of the property. There should be no additional fees to the buyer for a buyer's agent above and beyond the negotiated purchase price of a home unless specifically agreed in writing between the buyer and agent before an offer is made.

In most cases, the seller's agent pays the buyer's agent for bringing the buyer, negotiating the purchase price and terms, writing a legally correct offer, coordinating inspections, responses, and financing plus handling numerous additional details on the buyer's side of the transaction.

Buyers should avoid contacting seller's agents and sellers directly unless they are comfortable negotiating and representing themselves. That is why it is important for buyers to choose their agents BEFORE they begin looking at homes or as soon as possible if they have begun looking.

Did you know that fewer than one percent of the agents and brokers in Massachusetts have committed to being 100% loyal to their buyers 100% of the time?

To learn more about the pros and cons of various types of buyer agents, or to get a list of experienced local 100% loyal buyer's agents to interview without obligation, click the button below.

 Find a Great Buyer Agent!