A development opportunity created by combining land from two adjacent existing industrial assets.

During due diligence of our ~1M SF Boston Metro Industrial Portfolio (part of Fund III industrial portfolio), the team leveraged the relationship with an adjacent property owner to acquire 210 Grove Street, creating a 150,000 SF industrial development opportunity at 206 Grove Street on land combined between properties.

This state-of-the-art industrial asset delivered in early 2022 and is 100% leased to a Fortune 100 company.  Further the project was the driving catalyst to securing grants which enabled a transformative local infrastructure improvement for the Town of Franklin.