MRA Acquires South Windsor Industrial Facility for $50M

MRA Obtains South Windsor Industrial Facility for $50M

Metropolitan Real Estate Associates (MRA) has bought 456 Sullivan Opportunity, a 304,249-square-foot commercial property in South Windsor, CONN. The prices was $50 million.

At the time of sale, the home was double net-leased to FedEx, with the international shipping chain making use of the room as a circulation facility for small-package ground deliveries throughout New England. The residential property is located within the I-91 commercial corridor and also lies in between New York and also Boston.

Matt Berres and also Samer Khalil of Newmark’s Internet Lease Resources Markets team agented the transaction. Furthermore, Newmark’s Dustin Stolly and also Jordan Roeschlaub prepared a $32 million acquisition finance via lending institution Financial institution of America in behalf of the buyer. Clarion Partners also gave equity for the deal with Clarion Allies Realty Earnings Fund.

Inside The Story

Concerning the Author

David Cohen is Southeast Editorial Director at Attach Commercial Realty. David is a media professional with more than 10 years of experience in journalism, copywriting and communications throughout a variety of functions.
Email the Author

Published at Mon, 08 Mar 2021 18:05:11 +0000

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.