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The purchase of 217-unit building marks Pacific Urban's third multifamily purchase in the Northeast since the firm established a regional office in New York late last year.
OwnBackup, which has secured nearly $50 million in funding—including a $23.25 million Series C raise earlier this year—has doubled its workforce every year since 2016.
The 899,755-square-foot portfolio combines with Marcus Partners' existing 1.1-million square feet of industrial product in Greater Boston to create a total industrial portfolio of 2 million square feet comprised of eight buildings.
Multifamily organizations are using artificial intelligence and automation not only to boost smart-home technology efforts, but also assist prospects and recruit/retain high-performance associates.
Anpac Bio, which signed a 6,724-square-foot lease at the Montgomery County complex, will be joining a list of life science tenants at the campus, including Jefferson Institute Bioprocessing, among others.
Brookside Village, which is located at 28 Lake Street in Jamesburg, is a newly constructed property that consists of 42-apartments, traded for $8.1 million.