From the Boston Globe Business Team
Carlyle Group buys Somerville building
May 15, 2007 12:24 PM
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The Carlyle Group purchased a hybrid warehouse building in Somerville for $32.25 million from ING Clarion, a broker involved in the transaction said today.
The broker is Richards Barry Joyce & Partners LLC, a Boston-based commercial real estate services firm.
Richards Barry Joyce represented ING Clarion, a real estate management and advisory services firm with offices in New York.
The building, at 70 Innerbelt Road, has 276,302 square feet of space and is more than 80 percent leased, Richards Barry Joyce said.
The Carlyle Group is a private equity firm with offices in Washington, D.C.
(By Chris Reidy, Globe staff)
