X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DEDHAM, MA-First Highland Management and Development, a private investment group, has acquired 63-101 Sprague St., a 680,000-sf industrial facility on the Dedham/Boston border. The five-building complex traded for $8.1 million.

Nordblom Brokerage Co. represented the seller in the deal, Shapiro Properties Realty. Nordblom also negotiated a short-term master lease on behalf of First Highland that allows the firm to reposition 63 Sprague St. The 480,000-sf building serves as the anchor property for the complex. Key Bank financed the acquisition, and was represented by Robert Clifford of Goedke & Co.

In the sale of the property, Nordblom executive vice president Richard Robinson joined vice presidents Stephen Campbell and Douglas Wynyard as agents for Shapiro. The property represents a rare availability of industrial space within the Route 128 belt.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.