Through what the city terms is a groundbreaking collaborative by government, businesses, philanthropies, and community leaders, the city will align more than $750 million in already allocated funding to the South and West Sides over the next three years.
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.
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.
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