JV Grabs Metro Boston Industrial Building for $76M.

JV Snags City Boston Industrial Residential Or Commercial Property for $76M

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A joint endeavor in between Griffith Residence as well as Dune Real Estate Allies have acquired Boston Dedham Business Park, a 632,188-square-foot industrial residential or commercial property in Dedham. The sales price was reported as $76 million.

Situated at 65 Spraugue St., the building neighbors the Readville Commuter rail stop and also was initially constructed in 1906 but underwent renovations in 2001 and also 2013. The facility includes 5 one- as well as two-story structures leased to 33 tenants.

Robert Lion, J.R. McDonald, Mike Frisoli, Tyler McGrail and Caroline Collett of Newmark agented the sale in behalf of the JV along with the vendor, First Highland, which marketed the home after 21 years of ownership.

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