BOSTON, MA – PGA Realty Company LLC has sold a 156,276-square-foot, flex/industrial portfolio located in suburban Boston to the Davis Cos. for $44.3 million.
The portfolio encompasses four properties and a fully-permitted, 28-acre development site, which supports up to 235,040 square feet in new construction.
The portfolio's properties are located at One Aegean Dr. in Methuen, MA, and 26, 35 and 37 Upton Dr. in Wilmington, MA. The development site is located at 36 and 38 Upton Drive in Wilmington, MA.
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At the time of the sale, the properties were 100% leased to a variety of tenants, including Watson Marlow, WorldPac and the Brockway-Smith Cos.
A JLL capital markets team, led by senior director, Kerry Hawkins, represented the seller in the off-market transaction.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
