Intercontinental Real Estate Corporation has paid $107.5 million to acquired Yard 5, a three-building industrial portfolio totaling 196,000 square feet located on Industrial Drive in Boston, MA.

Dave Pergola, Brian Doherty, Pete Rogers, Rob Byrne and Jim Murphy of Cushman & Wakefield represented the seller, First Highland Management & Development.

“The transit-oriented portfolio is well-positioned to capture rental growth upside and is currently 100% leased to a diverse and strong credit rent roll,” said Doherty.

Yard 5 consists of three buildings totaling 196,000 square feet of high-bay industrial and research space featuring 28-foot clear heights. In addition to the three existing buildings, the portfolio includes two land parcels totaling approximately seven acres.

Yard 5 is located at the MBTA’s Readville station just south of Boston with access to Interstate 95 and Route 128, for connection to all Greater Boston major thoroughfares.

The post Intercontinental Real Estate Drops $108M for Boston Industrial Portfolio appeared first on Connect CRE.

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